ERP
Market Size
$
0
bn
CGAR
0
%
Potential in next 5 years
0
bn
Some Key statistics shown on Oracle NetSuite website regarding ERPs are as follows :
- Revenue growth occurred for ERP in all areas in 2019, with strong growth for administrative ERP with financial management software (FMS) growth at 7% and human capital management (HCM) growth at 10%.
- The ERP market size in North America is worth over $10 billion.
- Asia-Pacific is an emerging ERP market expected to achieve a compound annual growth rate (CAGR) of 9.8% through 2027.
- In a survey of IT decision-makers, 53% said ERP was an investment priority, in addition to CRM. ( Oracle NetSuite )
- Nearlyone-third of companies communicate about ERP implementation before selecting the product, 56% do it during the selection process and 13% share information right before going live.
- The top three benefits businesses said they gained from an ERP system are reduced process time, increased collaboration and a centralized data system.
- An average for ROI time in a group of companies that implemented ERP was just over 2.5 years.
- The top three business goals cited for implementation are achieving cost savings (46%), better performance metrics (46%) and improved efficiencies in business transactions (40%).
ERP Pakistan
- Revenue in the Enterprise Resource Planning Software segment is projected to reach US$40.56m in 2021.
- Revenue is expected to show CAGR 2021-2026 of 8.05%, resulting in a market volume of US$ 59.74m by 2026.
- So in the next 5 years Revenue share of $ 20mn is up for grabs
- The average Spend per Employee in the Enterprise Resource Planning Software segment is projected to reach US$0.52 in 2021.