Enterprise Resource Planning Software - Taiwan

The Enterprise Resource Planning Software market in Taiwan is expected to see a significant increase in revenue, with projections indicating that it will reach US$370.20m in 2024.
Furthermore, the market is anticipated to exhibit a compound annual growth rate (CAGR) of 4.78% between 2024 and 2029, resulting in a market volume of US$467.60m by 2029.
Looking at the average Spend per Employee in the Enterprise Resource Planning Software market, it is estimated to reach US$14.25 in 2024.
In terms of global comparison, United States is projected to generate the highest revenue in the Enterprise Resource Planning Software market, amounting to US$26.70bn in 2024.
Taiwan's ERP software market is experiencing rapid growth, driven by the country's strong manufacturing sector and emphasis on digital transformation.

Definition:

The Enterprise Resource Planning (ERP) Software market covers software applications that support organizations in managing, integrating, and optimizing important business activities related to resources such as people, finance, capital, materials, and orders. These software applications help organizations to streamline their internal business processes, increase efficiency, and make more informed decisions.

Products in the Enterprise Resource Planning Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Enterprise Resource Planning Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).

Key players in this market include SAP, Intuit Inc., Oracle, Infor, and Sage.

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Financial applications, such as QuickBooks, Oracle NetSuite, and Xero
Asset management applications, such as Asset Panda, ManageEngine AssetExplorer, and GoCodes
Procurement software, such as SAP Ariba, Kissflow, and Procurify
Resource planning, such as Smartsheet, Float, and Hub Planner

SCM Software, such as Anvyl, Tada, and Magaya Supply Chain
BI software, such as Microsoft Power BI, SAS Business Intelligence, and MicroStrategy
CRM software, such as Salesforce Sales Cloud, Monday sales CRM, and HubSpot CRM

The Enterprise Resource Planning Software market in Taiwan has been experiencing steady growth in recent years.

Customer preferences: Taiwanese businesses are increasingly adopting Enterprise Resource Planning (ERP) software to streamline their operations and improve efficiency. The software is particularly popular among small and medium-sized enterprises (SMEs) that are looking to automate their processes and reduce costs. Taiwanese businesses are also showing a preference for cloud-based ERP solutions, which offer greater flexibility and scalability.

Trends in the market: One of the key trends in the ERP market in Taiwan is the growing adoption of mobile ERP solutions. With the increasing use of smartphones and tablets, businesses are looking for ERP software that can be accessed from anywhere, at any time. As a result, vendors are developing mobile-friendly ERP solutions that offer real-time data access and collaboration capabilities.Another trend in the market is the integration of artificial intelligence (AI) and machine learning (ML) into ERP software. Vendors are developing ERP solutions that can automatically analyze data, identify patterns, and make predictions. This is particularly useful for businesses that deal with large amounts of data and need to make quick decisions.

Local special circumstances: Taiwan is home to a large number of SMEs, which make up the majority of businesses in the country. These businesses often have limited resources and are looking for cost-effective ERP solutions that can help them compete with larger companies. As a result, vendors are developing ERP solutions that are tailored to the needs of SMEs, with features such as modular design and flexible pricing.

Underlying macroeconomic factors: Taiwan has a highly developed technology sector, with a strong focus on innovation and R&D. This has created a favorable environment for the development of ERP software, with many local vendors offering cutting-edge solutions. In addition, Taiwan has a highly educated workforce and a strong culture of entrepreneurship, which has led to the growth of many innovative startups in the ERP space.Overall, the ERP market in Taiwan is expected to continue growing in the coming years, driven by the increasing adoption of cloud-based and mobile ERP solutions, as well as the integration of AI and ML into ERP software. With a favorable business environment and a strong focus on innovation, Taiwan is well-positioned to be a leader in the ERP market in the Asia-Pacific region.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

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