The Growth of ERP Market

The growth of ERP or Enterprise Resource Planning Market started due to the common problems that existed in many business enterprises. Since ERP can resolve these problems and can bring lots of benefits to enterprises which use the software, the ERP has gained more popularity and bigger market.

In fact, problems on enterprise systems have inspired the creation of ERP. Before the widespread use of ERP for businesses, each department of a certain business enterprise has its own database system. This setup makes it hard for one department to get data from the other department. These problems paved the way for the growth of the ERP market.

With the ERP integration to business enterprises, this problem is resolved. The software will make a unified system for the entire enterprise which will make it easier for every department to communicate with one another. Increased productivity was also seen and better business is the end result. These simple benefits lead to the increasing popularity of the ERP market.

The success of the ERP market can be attributed to its vendors and the real high efficiency of the product.

Due to the easiness of use and many offerings of the ERP software, the ERP market has grown to a surprising 14 percent just in 2004. Most analysts said that this success was due to the five biggest vendors of ERP software. These are the SAP, Oracle, PeopleSoft, J.D. Edwards, and Baan. These vendors were accounted for the 59 percent of the ERP market in 1999. In 2004, another group of five vendors helped the success of ERP market. These are the SAP, Sage Group, Oracle, SSA Global, and Microsoft. They were accounted for the 72 percent ERP market in that year.

Recommended For You

Leave a Reply