The ERP software market has been around for over 40 years and is still thriving today. By constantly leveraging technological developments and providing opportunities for business innovation, the ERP market has grown alongside the industries that it serves for decades — and this pattern is projected to continue.
During the Covid-19 pandemic, ERP solutions have kept many industries in operation with its ability to sustain business operations through remote access, automated reporting, electronic data exchange, and real-time factory controls. Never in the history of ERP have we seen it play a more significant role in the continuance and sustaining of manufacturing operations worldwide.
Against this backdrop, analysts in 2020 say that the top 10 ERP software vendors accounted for nearly 33 percent of the global ERP applications market which grew 1.2 percent to approach nearly USD95.2 billion in ERP license, maintenance and subscription revenues. Additionally, the global ERP software market is projected to grow from USD50.31 billion in 2021 to USD93.34 billion in 2028 at a CAGR of 9.2 percent in forecast period, 2021-2028, a result of increased digitalisation among companies.
To tell us more about how ERP solutions are a game changer for companies making the digital transformation leap as well as to share insights on the highly competitive ERP market, we speak to Vincent Tang, Regional Vice President Asia at Epicor.
Founded in 1972 and headquartered in Austin, Texas, Epicor is a global leader delivering integrated enterprise resource planning (ERP), customer relationship management, supply chain management, human capital management and enterprise retail software solutions to the manufacturing, distribution, retail, hospitality and services industries, enabling them to drive increased efficiency and improve profitability.
During the conversation, Vincent speaks about:
- The ERP market in APAC on the whole, Epicor’s footprint in Asia and the key industries it represents.
- Epicor’s competitive edge and how it has helped its customers in APAC.
- The Covid-19 pandemic and how Epicor has ensured business continuity for its clients.
- Epicor’s recent acquisition of Grow Inc and how this enhances its business moving forward.
- Major trends in the ERP space in 2022 and beyond.
- Future plans and top priorities for 2022 for Epicor in the region.
Guest: Vincent Tang, Regional Vice President Asia at Epicor
Host: Brain Fernandez
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