Press release
IoT Monetization Market Worth $1,361.39 Billion by 2025, Unleashing New Revenue Streams
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Covid-19 Scenario:
The demand for cloud-based ERP software increased considerably during the Covid-19 pandemic to maintain efficiency and keep processes under control as businesses needed to make changes in their operational structures.
The adoption of work from home and remote working culture led to surge in adoption of ERP software in the Asia-Pacific region to streamline operations and improve efficiency.
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The report offers detailed segmentation of the Asia-Pacific ERP software market based on component, deployment model, business function, industry vertical, end user, and country.
Based on deployment model, the on-premise segment contributed to the highest share in 2020, accounting for nearly half of the total market share, and will continue to lead in terms of revenue by 2030. However, the cloud segment is projected to manifest the highest CAGR of 17.1% from 2021 to 2030.
Based on industry vertical, the manufacturing segment held the largest share in 2020, accounting for nearly one-fourth of the Asia-Pacific ERP software industry. However, the healthcare segment is estimated to witness the largest CAGR of 19.9% during the forecast period.
Based on country, China accounted for the highest share in 2020, contributing to more than one-fourth of the total market share, and is projected to continue its leadership status by 2030. However, India is projected to portray the fastest CAGR of 21.0% during the forecast period.
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Key Market Players:
► Digiwinx Infotech PVT. LTD.
► Synergix Technologies
► Focus Softnet PTE LTD
► IFS AB.
► Deskera
► HashMicro Pte. Ltd
► 3i Infotech LTD.
► Rorko Technologies
► Tigernix Pte. Ltd.
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