Global ERP Software Market to Reach US$67.8 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on ERP Software market. The world market for ERP software is projected to reach US$67.8 billion by the year 2015. This is primarily driven by the growing needs of the enterprises worldwide to integrate all the back office functions in order to achieve control of information flow. To keep pace with the competitive market conditions, the enterprises thrust for real time information on inventory and/or production across departments to ensure timely placement of order and processing.

ERP Software: A Global Strategic Business Report

The global business environment is fast becoming a place of complex processes that require huge inter functional data for efficient and timely decision making in key functional areas such as procurement of input parts or raw material, accounts management, inventory control, supply chain management, and human resources, among others. With growing competition, the enterprises realize the urgent need to reduce costs while improving efficiency. ERP (Enterprise Resource Planning) comes to their rescue by streamlining the data flow within the organization and thereby eliminating duplication of work. ERP software thus helps in providing the right information at right time, thereby enabling efficient decision-making within the organization.

The North America and Europe dominate the global ERP Software market as stated by the new market research report on ERP software market. Emerging regions such as Asia Pacific and Latin America are growing at a faster pace, and expected to dominate the ERP software market in near future.

Tight budget amid global economic crisis hunts the enterprises to remain more accountable towards spending on business process and applications. The focus is now shifted towards reducing the operating costs, implementation time and the cost of maintenance of the ERP system. In turn the vendors too are concentrating on the smaller projects that result in quick returns, rather than on longer ones with higher implementation periods and delayed payments. In turn, the enterprises are now opting for single application systems over multiple systems, in order to save on costs and bringing in more functional efficiencies.

Key players dominating the global ERP software market include ABAS Software AG, CDC Software Inc., Consona Corporation, Epicor Software Corporation, Industrial and Financial Systems AB, Microsoft, NetSuite Inc., Oracle Corporation, Plex Systems, Inc., QAD Inc., Ramco Systems, The Sage Group plc, SAP AG, Unit 4 Agresso NV, and Visma AS, among others.

The report titled "ERP Software: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, product overview, product introductions/innovations, profiles of major players, and recent industry activity. The report analyzes market data and analytics in terms of value for regions including North America, Europe, Asia-Pacific, Latin America, and Rest of World, for the application segments - Enterprise Asset Management (EAM), Product Lifecycle Management (PLM), Human Resource Management (HRM), Supply Chain Management (SCM), Purchase Management, and Customer Management; and for the revenue types - Software Revenue, Maintenance Revenue, and Service Revenue.

For more details about this comprehensive market research report, please visit -

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
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