Research Nester assesses the growth of Singapore and Indonesia ERP implementation market which is anticipated to be on account of the rise in investment by organization to develop their allied sectors, including IT.
New York – October 10, 2022 - Research Nester’s recent market research analysis on “Singapore and Indonesia ERP Implementation: Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the Singapore and Indonesia ERP implementation market in terms of market segmentation by component, deployment, enterprise size, business function, and by end users.
Surge in Penetration of Smartphones to Boost Growth of Singapore and Indonesia ERP Implementation Market
The Singapore and Indonesia ERP implementation market is anticipated to grow on account of surge in penetration of smartphones. In 2021, smartphone usage in Indonesia was projected to be about 75%. The number of smartphone users in the country by 2028 is expected to reach 270 million. Smartphones could be employed to implement ERP. Mobility has an impact on how businesses run on a daily basis. As a result, mobile ERPs increase mobility inside an organization's structure, hence increasing productivity. Users using a mobile ERP configuration could easily access their ERP system utilizing portable devices such as smartphones and tablets rather than a stationary PC. Through handheld mobile devices, users of mobile ERP might easily produce, access, and share corporate information. This ensures immediate access to data without requiring a substantial investment in hardware or setup. Consequently, the market is anticipated to develop as a result of increasing smart phone adoption.
Some of the major growth factors and challenges that are associated with the growth of the Singapore and Indonesia ERP implementation market are:
- Growing Demand for Cloud Services
- Surge in Number of Small and Medium Enterprises
ERP deployment entails a variety of unforeseen costs. These expenses include elements such labor costs and training expenses. Additionally, there are fees associated with customization when a business decides to modify a vendor's standard ERP software or add a specific module. Upgrades to customized ERP systems create additional hidden costs by requiring more time and resources. Additionally, the ERP system requires a lot of maintenance, which is expected to increase the organization's costs. Consequently, it is projected that this issue would impede market expansion.
By deployment, the market in Singapore and Indonesia for ERP implementation is segmented into on-premises, cloud, and hybrid. Out of these segments, the cloud segment is anticipated to hold the largest market revenue of USD 1,665.4 Million and USD 1,208.5 Million respectively by the end of 2035, up from a revenue of USD 349.6 Million and USD 180.6 Million in the year 2022. Growing deployment of cloud services in organization is the major factor estimated to boost the growth of the segment in terms of revenue.
This report also provides the existing competitive scenario of some of the key players of the Singapore and Indonesia ERP implementation market which includes company profiling of IBM Corporation, Infor, Epicor Software Corporation, Microsoft Corporation, Oracle, SAP SE, Focus Softnet Pvt Ltd., Dassault Systèmes., Workday Inc., IFS Solutions Asia Pacific Pte. Ltd., and others. Further, prominent ERP implementers in the Singapore and Indonesia ERP implementation market included in a report are, HAND Global Solutions Pte Ltd., NaviWorld Singapore Pte. Ltd., Axxis Consulting, Sage Group plc, SYSPRO, Unit4, IDS Indonesia, Nano ERP Indonesia, and others.