The world ERP market will grow to 67.8 billion dollars

According to forecasts of the American company Global Industry Analysts, in 2015 the world market of ERP systems will reach volume in 67.8 billion dollars. Positive dynamics to the market will be provided by increase in the competition in all industries of world economy.

With growth of the competition, the enterprises inevitably appear before need of cost reduction together with increase in efficiency. ERP systems allow to achieve these goals, arranging data streams within the company and by that helping to avoid work duplication.

In a global business environment the number of difficult processes which constantly increases the management reporting, inventory management, supply chains, human resources require to operate with the large volume of data for effective and timely decision making in key functional areas, such as purchases of raw materials and components. ERP systems give the chance to have access to the necessary information in due time and to make the correct decisions, analysts of the company say.

Reduction of budgets against the background of a global economic crisis forces the companies with bigger responsibility belongs to expenditure for business process automation and support of IT systems. The main attention is displaced towards decrease in operating costs, terms of implementation of IT projects and cost of software maintenance, the report says. now. In turn, vendors concentrated on small projects which bring faster return, than projects with a long cycle and payment delays. The companies give preference to one functional applied system together several different that, according to them, does work of information infrastructure of more effective.

In a research it is said that in the world market of ERP systems North America and Europe dominate. The Pacific Rim and Latin America where rapid growth is observed remain significant segments of the market. It is expected that the countries entering these regions will also take the leading positions in the world ERP market in the near future.

Among the largest players of the world Global Industry Analysts ERP market ABAS Software, CDC Software, Consona Corporation, Epicor Software Corporation, Microsoft, NetSuite, Oracle, QAD Inc, SAP SE and some other are called.