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Manufacturing ERP Market Growth will be Propelled by Growing Adoption of IoT And Automation in the Manufacturing Sector Globally

Author : Ronak Bora | Published Date : 2019-04-10 

Global Market Insights, Inc. present the report on manufacturing ERP market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024.

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.

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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 industry.

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.

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 industry segment.

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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 industry and is largely utilized by large companies as it allows organizations to have a complete control over the implementation process and offers higher customization.

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 industry 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.

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

Browse Complete Report Summary @ www.gminsights.com/industry-analysis/manufacturing-erp-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.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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