In general, ERP has two types: on-premise and cloud-base. The concept behind on-premise ERP is the same with the traditional way of installing any software to your computers. And as known publicly through I-Cloud, the cloud-base ERP form is based online like other SaaS. This has been predicted to be the direction of development of the ERP system. Growth in cloud base to create the transparency of the operations between silos in the supply chains. In 2015, top 10 ERP system providers have shared 28% of the market while SAP had 6% (with $5.30 billion in ERP product revenues) , FIS Global had 4% and Oracle had 3%. ERP market is expected to expand to $41.67\u00a0billion by 2020 (by Allied Market Research).<\/p>\n
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Although, the report has shown that the potential grow lie more on the North America region, I believe there are very big potential in EMEA (especially India) and APAC (China and developing markets). The reason is that most of daily operation in these markets still base on Window Microsoft Office. With the growth in demands and third party outsourcing in the supply chain, these regions will help grow the ERP significantly in the next few years.<\/p>\n
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The cloud report from Allied Market Research also show that the global cloud market in 2015 was $38 billion in revenue. And there is the trend of growing in hybrid model instead of either pure on-premise software or cloud. Facing the rapid growth of cloud that big players have been trying to promote (Amazon AWS, Google Cloud Platform, Apple I-Cloud, etc.), the cloud in my point of view will grow even more than the forecast given in the report.<\/p>\n
On the other hands, with the growth of online retail, the consumerisation may be the future trend for ERP as well. And with the globalisation of mobile devices, ERP mobilisation is another idea to improve the ERP. In conclusion, by the essential nature of ERP in the operation and the needs from the current agile market, there are many trends being forecast of improvement.<\/p>\n
Sources:<\/p>\n
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- ERP History – ERP and More!. Retrieved from\u00a0http:\/\/www.erpandmore.com\/erp-reference\/erp-history\/<\/a><\/li>\n
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Wikipedia. Retrieved from\u00a0https:\/\/en.wikipedia.org\/wiki\/Enterprise_resource_planning<\/a><\/div>\n<\/li>\n- \n
Eric Kimberling (2014, April 9). Panorama Consulting Solutions. Retrieved from<\/div>\n\n\n\nhttp:\/\/panorama-consulting.com\/top-five-predictions-for-the-erp-software-industry-in-2020\/<\/a><\/div>\nArron Continelli (2017, February 22). Business.com. Retrieved from<\/div>\nhttps:\/\/www.business.com\/articles\/managing-resourses-erp-industry-trends-that-impact-bottom-line\/<\/a><\/div>\nhttps:\/\/www.alliedmarketresearch.com\/ERP-market<\/div>\nhttps:\/\/www.alliedmarketresearch.com\/hybrid-cloud-market<\/div>\nhttps:\/\/www.appsruntheworld.com\/top-10-erp-software-vendors-and-market-forecast-2015-2020\/<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"Being well-known among the corporate operation personnel, Enterprise Resource Planning (ERP) is an integrated management software for business process. It usually captures real time situation, which helps create a smoother and more organised overall operation management. Going back a little back in time to understand the origin and history of business process, since the growth … Continue reading ERP Overviews and trends for future growth<\/span><\/a><\/p>\n","protected":false},"author":1989,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-547","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"ginanguyen","author_link":"https:\/\/blogs.scu.edu\/erpsystems\/author\/ginanguyen\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"Being well-known among the corporate operation personnel, Enterprise Resource Planning (ERP) is an integrated management software for business process. It usually captures real time situation, which helps create a smoother and more organised overall operation management. Going back a little back in time to understand the origin and history of business process, since the growth…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts\/547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/users\/1989"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/comments?post=547"}],"version-history":[{"count":4,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts\/547\/revisions"}],"predecessor-version":[{"id":569,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts\/547\/revisions\/569"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/media?parent=547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/categories?post=547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/tags?post=547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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