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Asia-Pacific Enterprise Resource Planning (ERP) Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific enterprise resource planning (ERP) market is estimated to register a CAGR of 11.99% during the forecast period, 2022-2030. The increasing number of start-ups and SMEs implementing cloud-based ERP software, the rising number of ERP vendors expanding across the region, and the growing manufacturing setups offer lucrative market growth opportunities.

MARKET INSIGHTS

The Asia-Pacific enterprise resource planning (ERP) market growth evaluation includes the analysis of Australia & New Zealand, China, India, South Korea, Vietnam, Thailand, Indonesia, Japan, and Rest of Asia-Pacific. In Japan, the incorporation of ERP in the government sector is projected to result in a shared platform for each government organization, acting as a client-server architecture. For instance, Infor's ERP software was implemented by the Kyowa Chemical Industry for enhancing business efficiency and data visibility in its global operations.

Around 60% of the SME sector has integrated ERP solutions into their businesses in countries like India. Whereas in Thailand, the market projects high growth potential, with leading vendors investing in expanding their presence. For instance, SiS Distribution incorporated flash storage technology to boost customer services and internal processes.

Further, in Vietnam, the IT market is fast developing, attributed to the government initiatives promoting the development of the IT industry. This is evaluated to raise the demand for enterprise application solutions and contribute to the vast dynamics of economic modernization. In addition, there will be significant expenditure on SCM and ERP with enterprises modernizing, expanding, and integrating into global production networks.

COMPETITIVE INSIGHTS

Some of the eminent market players include Plex Systems Inc (Acquired by Francisco Partners), Oracle Corporation, QAD Inc, Ramco Systems Limited (RSL), etc.

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- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

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Asia-Pacific Enterprise Resource Planning (ERP) Market Forecast 2022-2030
Published By :Inkwood Research
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