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Growing Manufacturing ERP Market Outlook and SWOT Analysis of Vendors - SAP, IQMS, Ramco Systems, NetSuite, Epicor Software, Oracle

12-14-2018 07:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights, Inc.

/ PR Agency: Global Market Insights, Inc.
Manufacturing ERP Market

Manufacturing ERP Market

North America manufacturing ERP market is expected to dominate in terms of revenue generation due to the increasing adoption of cloud solutions and high focus on the accumulation of customer data to aid in the decision-making process. The manufacturing ERP market in Asia Pacific is anticipated to have a high growth owing to the increasing number of entrants into automotive, pharmaceutical, garment, and consumer electronics manufacturing markets.

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The growth of manufacturing activities and the broad scale of operations that an organization operating in the manufacturing sector is required to maintain has led to the technological development by players in the manufacturing ERP market. An ideal system can aid the company in decision making, eliminate risk, reduce wastage, and lead to overall growth. Awareness about these benefits is a major factor promoting the manufacturing ERP market.

Vendors operating in the global manufacturing ERP market include SAP SE, IQMS, Ramco Systems, NetSuite, Inc., Epicor Software Corporation, and Oracle.

Penetration of big data analytics is expected to generate an organizational demand for the manufacturing ERP market. The shift toward a customer-centric business has led to rising applications of big data analytics, which can aid in supply planning, output forecasting, and manufacturing process defect tracking and ERP software can allow organizations to gain higher flexibility and increase the visibility of critical data. This software can also let companies exchange data across business lines when users create it, allowing different parties to take advantage of that information.

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Growing adoption of IoT and automation in the manufacturing sector can create new avenues for the growth of the manufacturing ERP market. Data obtained from IoT devices is unstructured and extensive. To accommodate the penetration of IoT technology, players operating in the manufacturing ERP market are developing their software to cater to client demands.

Segmentation of the manufacturing ERP market by secondary vertical includes metallurgy, automotive, consumer electronics, electrical devices, energy, pharmaceuticals, chemicals, food and beverage, retail and garment, and others. The automotive segment is anticipated to dominate the manufacturing ERP market during the forecast period owing to the increase in customer demands, stringent compliance requirements, and evolving industry standards. Manufacturing ERP software also allows the integration of various value chain activities, inventory management, and tracking of vehicles in terms of recall and reimbursements.

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The food and beverage industry is anticipated to exhibit rapid growth of the manufacturing ERP market owing to a number of food safety regulations and compliances imposed on these products. Intense competition from organizations operating in this industry is causing companies to need specialized processes for seasonal demand monitoring, order management, customer trend, and relationship management.

Manufacturing ERP market segmentation based on deployment model is bifurcated into the cloud and on-premise software. Cloud systems offered on a subscription basis to enterprises increase the on-going operating expenditures as opposed to on-premise software that require high initial investments. These are highly lucrative solutions to SMBs with limited financial resources and contribute massively toward the high growth of the manufacturing ERP market segment. Cloud software also reduces the perpetual need to upgrade the software to meet the changes occurring in an organization or the industry. On-premise segment holds the largest share in the manufacturing ERP market and is largely utilized by large companies as it allows organizations to have a complete control over the implementation process and offers higher customization.

Browse Related Report: -
Electronic Manufacturing Services (EMS) Market Size By Product (Electronic Manufacturing, Engineering Services, Test & Development Implementation, Logistics Services, Others), By Application (Computer, Consumer Electronics, Aerospace & Defense, Medical & Healthcare, Automotive, Others) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, China, India, Japan, South Korea, Brazil, Mexico, UAE, Saudi Arabia, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024

https://www.gminsights.com/industry-analysis/electronic-manufacturing-services-ems-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
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