Research and Markets: The SaaS-Based Enterprise Resource Planning (ERP) Software Market In North America to Grow At A CAGR

October 20, 2011

Tools

DUBLIN--(BUSINESS WIRE)-- Research and Markets(http://www.researchandmarkets.com/research/5a7c6d/saasbased_enterpr) has announced the addition of the "SaaS-based Enterprise Resource Planning Software Market in North America 2010-2014" report to their offering.

One of the key factors contributing to this market growth is the low initial investment required to implement SaaS-based ERP software. The SaaS-based ERP Software market in North America has also been witnessing the emergence of open source SaaS-based ERP vendors. However, security issues with SaaS-based ERP software could pose a challenge to the growth of this market.

The report focuses on North America and covers the growth and future prospects of the market. Further, the report includes a discussion on key vendors operating in this system.

Commenting on the report, an analyst from TechNavio's Enterprise Applications team said, Increased adoption of SaaS-based ERP software by SMB enterprises in North America is a major trend in the market. SMBs find that the pay-as-you-use model of SaaS-based ERP software is in synchronization with their business objectives, and this is leading to their increased adoption of SaaS-based ERP software. The SaaS-based ERP Software market in North America is also witnessing large ERP players such as SAP and Oracle acquiring SaaS-based ERP software companies to strengthen their market presence in SaaS-based ERP software and on-site ERP software.

According to the report, currently, North America accounts for the majority of the revenue generated by the Global SaaS-based ERP Software market. The low initial investment required for SaaS-based ERP software is the primary factor behind the increased adoption of SaaS-based ERP software in North America. Other major drivers include the fast deployment time and easy software upgradation features for SaaS-based ERP software. The report also discusses the challenge of integrating SaaS-based ERP software and how this might affect market growth.

Companies Mentioned: