The ERP industry has been flourishing recently, and largely because innovative solution providers have been changing the game. We've been on the cusp of that innovation, as abas ERP is breaking down longstanding barriers to ERP advances and fueling value creation for customers. All of that said, we aren't here to hype up our own solutions - why would anybody want to read about that? We're here to help you understand how modern ERP tools can fit into your operational ecosystem. This comes down to finding technology that empowers your people to be their best.
we are in the middle of a time of innovation in the ERP sector.
There's been plenty of exciting news about how ERP solutions accomplished this over the course of November. Furthermore, a couple of analysis pieces that opened up December have added to these developments to establish a clear theme - we are in the middle of a time of innovation in the ERP sector. Much of this excitement was kicked off by a study released by Statistics Market Research Consulting predicting huge growth in the global ERP sector moving forward.
Rapid growth coming to the ERP sector
The Statistics Market Research Consulting study predicted that the global ERP market will rise at a compound annual growth rate of approximately 7 percent for the period of 2014 through 2022. This will cause the sector to reach annual revenues as high as approximately $47.71 billion during that time.
The study predicted that the Asia-Pacific region will be one of the largest sectors for growth. It also found that growth in the industry as a whole is being fueled by vendors who are reducing costs, delivering ERP solutions through the cloud and focusing on real-time data delivery that creates business transparency. Conversely, continued high costs and limitations in terms of customization are holding the industry back.
The Asia-Pacific region will likely be one of the largest sectors for growth in the ERP market.
We can't help but talk about ourselves a bit here. We weren't included in this specific study, but at abas ERP, we are emphasizing the value points that the research indicates will drive the ERP sector moving forward. Our cloud-based ERP platform creates a cost-efficient deployment model that is flexible enough to support full integration with mobile devices. At the same time, our emphasis on empowering people has led us to create modules that emphasize data portability across mobile and workstation-based systems, making it much easier for users in the field or on the production floor to gather data in real time and deliver it to managers back in the office.
These capabilities are surrounded by customization features that let companies fine-tune the platform to their specific workflow requirements, making the abas ERP ecosystem an example of where the industry is heading. While our competitors may be clinging to historic models for ERP delivery - the study did find that premise-based ERP platforms will hold a 50 percent market share through the research period - we are helping our customers build to the future. What's more, this study isn't the only source pointing to cloudification and flexibility as critical components of ERP systems moving forward.
Two reports that are technically from early December, but accompanied this study too well to ignore, emphasize the growing role of innovation in the ERP sector.
Cloud, mobile among new technologies taking hold in ERP sector
A recent Manufacturing Business Technology report explained that innovation is beginning to become a major theme in the ERP sector, and cloud and mobile technologies are at the center of this move.
The news source explained that the rise of cloud-based ERP systems has been one of the most exciting developments in the industry over the past year. These solutions are making ERP more approachable from a cost perspective, giving organizations that would normally be unable to invest in ERP an opportunity to take advantage of the technology. At the same, the increased accessibility of ERP systems has led to greater challenges in using the data gathered within these platforms efficiently. Simply put, organizations are gathering more data than ever and they need to find ways to use it efficiently if they want to drive value creation. ERP platforms are already developing to fuel advances in this area, and mobility is a key player in this area.
According to the report, the ability to extend ERP out to end users deploying mobile devices has allowed companies to take all of the data collected by the ERP platform and put it in the hands of workers so they can leverage it in real time. This also fuels better data creation and is creating a climate of rapid innovation across the industry.
These advances in the ERP sector are helping the industry evolve to meet contemporary business demands, something that a PCR report highlighted.
Innovative ERP systems can put your company ahead in the race to the top of your industry.
Advances in the ERP sector are helping the industry evolve to meet contemporary business demands.
ERP shifting as businesses face rising complexity
Technological complexity has led to major operational challenges across a variety of sectors. According to PCR, this trend has been acute for organizations operating on an international scale. This is especially true for manufacturers and similar companies that face specialized logistics challenges. For these businesses, traditional ERP solutions have offered a functional solution, but one that has lacked the flexibility they need to connect operations across a global workforce, supply chain, customer base and vendor landscape. Alternately, these international organizations could turn to best-of-breed process management and organizational support systems, but these require a huge work overhead and can cause operational silos to develop.
In either case - extended ERP systems or best-of-breed approaches - international organizations will run into limitations, the news source explained. As a result, companies must carefully evaluate their process requirements alongside what the technology can offer to make the right choice.
This is one area where the innovative approach of abas ERP stands apart from the rest of the industry. Our platform is built to provide the customization, flexibility and workflow portability that global organizations need to handle specialized logistical platforms. We can provide clients with a dedicated localization module that will let them fine-tune every process to the specific needs of the local markets around each branch. This includes dozens of built-in language modules and full dictionary functions.
The ERP news coming out of November and early December highlights a changing industry, and abas is at the tip of the ERP innovation wave.