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On Premise Models Taking a Backseat in Global SaaS-based Enterprise Resource Planning (ERP) Market
Convenience and energy savings are driving a CAGR of 13.80 percent from 2013-2018 in the SaaS-based ERP market.
Convenience and a need for energy conservation are the main factors driving this growth.
On-premise ERP requires at least 12-36 months for installation, whereas SaaS-based ERP requires an average of just two to three weeks for installation. And since all support is outsourced, companies implementing SaaS-based ERP can focus on their core business activities instead of managing an internal team for software maintenance.
Therefore, “Companies are benefiting from the ability to deploy SaaS-based ERP more quickly than traditional on-premise ERP and the method offers ease of adding new user functionality,”
“Currently, companies are facing intense competition and require faster deployment of ERP in order to function better, which is a major contributor to growth in the Global SaaS-based ERP market.”
SaaS-based ERP is a web-based service that provides access to enterprise-wide data from any location at any time. One of the key features of SaaS-based ERP is the secure storage and maintenance of all data on off-site servers. SaaS-based ERP enables organizations to conserve energy because users do not have to purchase and configure their own servers and storage systems on-site. This eliminates the associated energy consumption at user sites.
To determine these market scenarios over the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global SaaS-based ERP Market (http://www.technavio.com/
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