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Key regions: United Kingdom, China, Australia, Canada, United States
The Enterprise Resource Planning Software market in Asia has been experiencing significant growth in recent years.
Customer preferences: Asian customers prefer ERP systems that are customizable, scalable, and user-friendly. They also demand ERP solutions that can integrate with other software applications and provide real-time data analytics.
Trends in the market: In India, the ERP market is expected to grow due to the government's "Make in India" initiative, which aims to increase the country's manufacturing capabilities. In China, the demand for ERP solutions is driven by the country's rapid economic growth and the need for businesses to streamline their operations. Japan's ERP market is dominated by local vendors, and the adoption of cloud-based ERP systems is increasing. South Korea's ERP market is focused on small and medium-sized enterprises (SMEs), with vendors offering affordable and easy-to-use solutions.
Local special circumstances: In Southeast Asia, the ERP market is driven by the region's growing e-commerce sector. Many businesses are adopting ERP systems to manage their supply chain and inventory more efficiently. In Singapore, the government's push towards a Smart Nation has led to increased adoption of cloud-based ERP solutions. In Indonesia, the ERP market is expected to grow due to the country's large population and the increasing number of SMEs.
Underlying macroeconomic factors: The growth of the ERP market in Asia can be attributed to the region's strong economic growth, increasing adoption of technology, and the need for businesses to improve their operational efficiency. The rise of e-commerce and the increasing use of mobile devices have also contributed to the growth of the ERP market in Asia. As more businesses in the region look to expand globally, the demand for ERP solutions that can handle complex international operations is also increasing.
Data coverage:
The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).Modeling approach / Market size:
The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.Forecasts:
We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)