TECH SUPPLIER Jul 2018 - Market Forecast - Doc # US43265918
Worldwide Enterprise Resource Planning Software Forecast, 2018-2022: Cloud Leads the Way
By: Mickey North RizzaProgram Vice President, Enterprise Applications and Digital Commerce, Jordan JewellResearch Manager, Digital Commerce and Enterprise Applications, Kevin PermenterResearch Manager, Enterprise Applications, Alexandros StratisResearch Manager, Wong Yih Khai
This IDC study examines the market for ERP software, which forecasts strong growth through 2022. Digital transformation initiatives are aimed at bringing back-office ERP applications to parity with front office, creating a new digital core. However, the on-premises software market remains important as medium-sized and large enterprises are still maintaining existing back-office software until contracts run out and/or they have a full digital transformation (DX) strategy.
"DX initiatives are forcing companies to look at their ERP systems and enterprise applications. This rationalization and modernization exercise is helping organizations recognize they need digitally relevant ERP systems that are cloud, are intelligent, and enable better outcomes than previous on-premises systems," says Mickey North Rizza, program vice president, Enterprise Applications and Digital Commerce.
Engineering applications, Enterprise asset management, Financial resource management, Human capital management, Operations and manufacturing applications, Order management, Procurement, Project and portfolio management, Public cloud services, Software as a service, Supply chain management applications
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