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Sales of Business Management Software like ERP to Increase in 2011


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February 03, 2011

Sales of Business Management Software like ERP to Increase in 2011

By Shamila Janakiraman, TMCnet Contributor

Research firm, Gartner, published the results of a study, indicating that sales of business management software like enterprise resource planning (ERP) systems is set to witness remarkable increase.

The new analysis report published by Gartner (News - Alert) highlights the fact that across the globe ERP software revenue will soon shoot upwards to $253.7 billion. This is an increase of 7.5 percent when compared to that of 2010.

Gartner analysts further stated that firms are striving to enhance business intelligence and content management systems and are ready to invest in solutions that will help them meet the demands of an ever changing market.

Gartner has specified five long-term, interdependent trends that affect the ERP software markets. They are globalization, implementation, modernization, socialization and verticalization.

Globalization includes market consolidation and technology convergence trends, including a connected society, vendor mergers, and acquisitions. Implementation deals with how organizations procure and deliver software when facing alternatives like cloud-computing, platform as a service (PaaS) and SaaS (News - Alert), along with pervasive and mobile access.

Modernization concerns enterprises that migrate to open-source software (OSS) and SOA as older applications and systems become more costly to upgrade and maintain. Socialization involves the use of social media and networking, which also features personalization and collaboration.

Finally verticalization concerns a cycle of how horizontal software applications become customized according to specific industries, revealed Gartner sources.

In a release, Tom Eid, research vice president at Gartner, said, “The focus in the enterprise software industry is on upgrading of build-run-manage technologies to improve agility, establishing cloud-computing infrastructure services and results-reporting transparency.”

Eid further added, “For 2011 through 2015, the highest instances of software market growth will align to the business requirements of attracting and retaining customers, enhancing business processes, improving collaboration and social networking, managing content of all types, reporting of performance and results transparency, and workforce effectiveness and flexibility.”

According to Gartner sources the ERP software marketplace keeps changing with respect to technology and business models. This affects how buyers procure software, implement technology and conduct operations.

Shamila Janakiraman is a contributing editor for TMCnet. To read more of Shamila’s articles, please visit her columnist page.

Edited by Jaclyn Allard

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