Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries ERP Market Report Overview 2021 By: PRLog October 25, 2021 at 11:54 AM EDT NEW YORK - Oct. 25, 2021 - PRLog -- Enterprise resource planning software is one of the most popular business tools. Since first appearing in the late 90s, they have gone through dozens of upgrades and improvements. ERP systems are still in demand, and bring more value for business than ever. So what actually happening in the ERP market? GBKSOFT, a top software development company, shares the most important insight on this topic.The Market is Predicted to Evolve FurtherERPs won't lose their relevance in the next years; moreover, the market will only be growing and expanding. According to MarketWatch ERP 2021 research, the market is going to reach 63,600 million by 2027 with a 5.6% CAGR.Custom-Developed ERPsReady-made solutions like SAP, Microsoft Dynamics or Oracle, are dominating the market. However, more and more companies choose to initiate custom enterprise resource planning system development. Custom ERP solutions grant more flexibility and are usually designed to accommodate the real needs and requirements of the company. In the end, custom ERP will be easier in implementation, and it won't demand additional efforts for its customization. It also will be much simpler to make any further improvements your company may need over time (e.g., you are growing and ERP should react accordingly to these changes).Integration with Other TechnologiesERP is a global application that connects your whole company in one system. But with the help of advanced technologies, you can achieve more, for example, establish a high level of automation or generate precise insights into your processes.Internet of Things and artificial intelligence are the most popular technologies to integrate with ERP systems. IoT may help to automatically track assets, goods, shipments, as well as monitor the state of equipment on the shop floor. AI may be implemented in the form of advanced analytics, which will provide you with predictions of demand levels, material needs, and even staff turnover.Switch to Cloud ServicesCloud computing is the biggest trend right now, and it's also applicable for ERPs. More and more companies prefer cloud software for its agility and suitability for remote work. It also relieves companies from hardware pressure: there is no need to maintain cumbersome servers when there is a cost-efficient and convenient cloud option.In ConclusionERP market prospers and develops. So, for companies, it is the question of finding suitable partner. We wish you luck in your journey with ERP!ContactGBKSOFT***@gbksoft.comPhotos: (Click photo to enlarge)Read Full Story - ERP Market Report Overview 2021 | More news from this sourcePress release distribution by PRLog Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
ERP Market Report Overview 2021 By: PRLog October 25, 2021 at 11:54 AM EDT NEW YORK - Oct. 25, 2021 - PRLog -- Enterprise resource planning software is one of the most popular business tools. Since first appearing in the late 90s, they have gone through dozens of upgrades and improvements. ERP systems are still in demand, and bring more value for business than ever. So what actually happening in the ERP market? GBKSOFT, a top software development company, shares the most important insight on this topic.The Market is Predicted to Evolve FurtherERPs won't lose their relevance in the next years; moreover, the market will only be growing and expanding. According to MarketWatch ERP 2021 research, the market is going to reach 63,600 million by 2027 with a 5.6% CAGR.Custom-Developed ERPsReady-made solutions like SAP, Microsoft Dynamics or Oracle, are dominating the market. However, more and more companies choose to initiate custom enterprise resource planning system development. Custom ERP solutions grant more flexibility and are usually designed to accommodate the real needs and requirements of the company. In the end, custom ERP will be easier in implementation, and it won't demand additional efforts for its customization. It also will be much simpler to make any further improvements your company may need over time (e.g., you are growing and ERP should react accordingly to these changes).Integration with Other TechnologiesERP is a global application that connects your whole company in one system. But with the help of advanced technologies, you can achieve more, for example, establish a high level of automation or generate precise insights into your processes.Internet of Things and artificial intelligence are the most popular technologies to integrate with ERP systems. IoT may help to automatically track assets, goods, shipments, as well as monitor the state of equipment on the shop floor. AI may be implemented in the form of advanced analytics, which will provide you with predictions of demand levels, material needs, and even staff turnover.Switch to Cloud ServicesCloud computing is the biggest trend right now, and it's also applicable for ERPs. More and more companies prefer cloud software for its agility and suitability for remote work. It also relieves companies from hardware pressure: there is no need to maintain cumbersome servers when there is a cost-efficient and convenient cloud option.In ConclusionERP market prospers and develops. So, for companies, it is the question of finding suitable partner. We wish you luck in your journey with ERP!ContactGBKSOFT***@gbksoft.comPhotos: (Click photo to enlarge)Read Full Story - ERP Market Report Overview 2021 | More news from this sourcePress release distribution by PRLog