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Southeast Asia ERP Software Market

Segmentation by Component (Software, and Services); by Deployment Model (On-Cloud, On-Premise, and Hybrid); by Enterprise Size (Small & Medium Enterprises, and Large Enterprises); by Business Model (Human Resource Model, Manufacturing Model, Financing Model, and Others); by End-Users (Automotive, Healthcare, Hospitality, Aerospace & Defense, Construction & Home Improvement, and Others) – Demand Analysis & Opportunity Outlook 2019-2024

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Report ID: 3254 | Published On: Feb 09, 2023
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Southeast Asia ERP Software Market TOC

  1. Market Definition
    1. Market Definition
    2. Market Segmentation
  2. Research Methodology
    1. Research objective
    2. Research process
    3. Secondary research
    4. Market size estimation
    5. Primary research
    6. Assumptions
  3. Executive Summary- Southeast Asia ERP Software Market
  4. Regulatory & Standards Landscape
  5. Impact of COVID-19 on the Southeast Asia ERP Software Market
  6. Analysis of Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Trends
  7. Industry Risk Analysis
  8. Ongoing Trends Analysis
    1. SaaS & On-premise hybrid ERP
    2. Two tier ERP
    3. Social ERP
    4. Mobile ERP
  9. ERP Software Analysis
    1. Generalist ERP
    2. Small Business ERP
    3. Open-source ERP
    4. Vertical ERP
  10. Technology Analysis
    1. Database
    2. Programming Technologies
    3. Fronted Technologies
  11. Feature Analysis
  12. Southeast Asia ERP Software Market Outlook
  13. Southeast Asia ERP Software Market Segmentation Analysis 2019-2024
    1. By Component
      1. Software
      2. Services
        1. Professional Services
        2. Facility Management
        3. Continental Workforce Management System
        4. Staffing & Recruiting System
    2. By Deployment Model
      1. On-Cloud
      2. On-premise
      3. Hybrid
    3. By Enterprise Size
      1. Small & Medium Enterprise
      2. Large Enterprise
    4. By Business Model
      1. Human Resource Model
        1. Enhanced Share-Information & Collaboration
        2. Updated Data
        3. Reduced Licensing Planning
        4. Others
      2. Manufacturing Model
        1. Enhanced Inventory Management
        2. Master Production Scheduling
        3. Material Requirements Planning
        4. Others
      3. Financing Model
        1. Fixed Asset Management
        2. Billing Management & Invoicing
        3. Budgeting & Forecasting
        4. Others
      4. Inventory Management
        1. Payment Gateway Functionality
        2. Sale & Purchase Order Management
        3. Intelligence Reports & Analytics
        4. Others
      5. Customer Management
        1. Customer Connect
        2. Contact Management
        3. Lead & Opportunity Management
        4. Others
      6. Supply Chain
        1. Production
        2. Procurement
        3. Shipment
        4. Others
      7. Others
        1. Management Accounting
        2. Data Services
        3. Project Management
        4. Order Processing
    5. By End-users
      1. Automotive
      2. Healthcare
      3. Hospitality
      4. Aerospace & Defense
      5. Electronics & Technology
      6. Food & Beverage
      7. Construction & Home Improvement
      8. Clothing, Consumer Goods & Retail
      9. Agribusiness
      10. Industrial Machinery & Components
      11. Pharmaceuticals & Life Sciences
      12. Others
    6. By Region
      1. Singapore
      2. Malaysia
      3. Indonesia
      4. Thailand
      5. Philippines
      6. Vietnam
      7. Myanmar
  14. Competitive Structure
  15. Market Share Analysis, 2020
  16. Competitive Benchmarking
    1. MicroChannel Services
    2. ERP Logic
    3. JMC Technologies Pte Ltd
    4. Accenture
    5. Atos SE
    6. Capgemini
    7. ABEO Management Corporation
    8. AFON Pte Ltd.
    9. Inecom Pte Ltd.
    10. Integrated Information Systems Pte Ltd
  17. Analyst Recommendation

Growth Drivers and Challenges Impacting the Growth of the Southeast Asia ERP Software Market

Growth Drivers

  • Amplifying Demand from Small and Medium Enterprises for Efficient Organization Management
  •  Increase in Adoption of Enterprise Resource Planning (ERP) Software Across Industry Verticals

Challenges

  • Integration Issue with On-Premises Systems
  • High Maintenance Cost


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Southeast Asia ERP Software Market Segmentation Regional Synopsis
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Regionally, the Southeast Asia ERP software market is segmented into Singapore, Malaysia, Indonesia, Thailand, Philippines, Vietnam, and Myanmar. Among the markets in these regions, the Singapore ERP software market is estimated to hold leading share of 36.86% by the end of 2024 and attain a revenue of USD 1063.2 Million in the same year. The market in the region is further expected to grow with a CAGR of 16.33% during the forecast period. Singapore is one of the fastest-growing economies in the South East Asian region. According to the report titled “The Global Competitiveness Report 2020”, published by the World Economic Forum, Singapore ranked 6th in ICT adoption, 3rd on the digital legal framework, and 6th on Digital Skills ranking. Moreover, according to the statistics by the Department of Statistics, Singapore, foreign direct investments in the country grew from around USD 1.27 Million in 2018 to around USD 1.42 Million in 2019. The market in the country is also anticipated to grow on account of the growing ICT industry. In other statistics by the Department of Statistics, Singapore, total operating receipts from the ICT industry in the year 2019 recorded to USD 78.439 Million. Further, the various tax incentives of the government of the nation to investors looking to invest in multiple businesses in the country are expected to show a positive trend in the growth of the market in the coming years.


Southeast Asia ERP Software Market Segmentation Synopsis

The Southeast Asia ERP software market is segmented by component into software and services. Out of these, the services segment is expected to grow with the highest CAGR of 16.93% during the forecast period. Alternatively, the software segment is projected to hold the largest market share by the end of 2024. Based on deployment, the market is segmented into on-cloud, on-premise, and hybrid, out of which, the on-cloud segment is expected to hold the largest market share throughout the forecast period and further reach a revenue of USD 1397.1 Million by the end of 2024. The hybrid segment is although expected to grow with the highest CAGR of 20.21% during the forecast period. The market is also segmented on the basis of enterprise size into small & medium enterprises (SME) and large enterprises. Amongst these segments, the SME segment is anticipated to grow with the highest CAGR of 18.22% during the forecast period. On the basis of business models, the market is segmented into human resource model, manufacturing model, financing model, inventory management, customer management, supply chain, and others, out of which, the manufacturing model segment is expected to grab the largest market share over the forecast period and further reach a revenue of USD 846.4 Million by the end of 2024. The human resource model, on the other hand, is projected to grow massively by growing with the highest CAGR of 22.44% during the forecast period. Further, the market is also segmented on the basis of end user into automotive, healthcare, hospitality, aerospace & defense, electronics & technology, food & beverage, construction & home improvement, clothing, consumer goods & retail, agribusiness, industrial machinery & components, pharmaceuticals & life sciences, and others. Amongst these segments, the electronics & technology segment is expected to hold the largest revenue of USD 663.7 Million by the end of 2024.

Southeast-Asia-ERP-Software-Market-Value.


Southeast-Asia-ERP-Software-Market-Value.
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Top Featured Companies Dominating the Market

    Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the Southeast Asia ERP software market that are included in our report are MicroChannel Services, ERP Logic, JMC Technologies Pte Ltd, Accenture, Atos SE, Capgemini, ABEO Management Corporation, AFON Pte Ltd., Inecom Pte Ltd., Integrated Information Systems Pte Ltd, and others.

    Key Reasons to Buy Our Report

    • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
    • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
    • The report includes detailed company profiles of the major players dominating the market.
    • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
    • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

In The News

  • March 2021: Accenture PLC announced that it had acquired the U.K based technology consultancy, REPL Group. The acquisition, whose terms were not disclosed, is expected to help Accenture to enhance its capabilities for its clients across retail and adjacent industries.

  • February 2021: Atos SE announced that it had acquired the independent Managed Security Services (MSS) provider in the Netherlands, Motiv ICT Security. The acquisition will strengthen Atos position as a MSS provider.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the Southeast Asia ERP software market?

Ans: Amplifying demand from small and medium enterprises for efficient organization management and increase in adoption of enterprise resource planning (ERP) software across industry verticals are the major factors responsible for the growth of the market.

2) What would be the CAGR of Southeast Asia ERP software market over the forecast period?

Ans: The market is anticipated to attain a CAGR of 15.36% over the forecast period i.e., 2020-2024.

3) What are the challenges affecting the Southeast Asia ERP software market growth?

Ans: Integration issue with on-premises systems and high maintenance cost are estimated to act as barriers to the market growth.

4) Which region will provide more business opportunities for growth of Southeast Asia ERP software market in future?

Ans: Malaysia is estimated to create notable growth opportunities for market growth over the forecast period.

5) Who are the major players dominating the Southeast Asia ERP software market?

Ans: The major players in the market are MicroChannel Services, ERP Logic, JMC Technologies Pte Ltd, Accenture, Atos SE, Capgemini, ABEO Management Corporation, AFON Pte Ltd., Inecom Pte Ltd., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the Southeast Asia ERP software market?

Ans: The market is segmented by component, deployment model, enterprise size, business model and by region.

8) Which segment captures the largest market size in component segment in the Southeast Asia ERP software market?

Ans: The software segment is anticipated to hold largest market size in value and is estimated to display significant growth opportunities.

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