20 Jul 2021
IDC Names Leaders and Major Players for Asia/Pacific* SaaS and Cloud Enabled ERP Applications for Manufacturing in 2021
SINGAPORE, July 20, 2021 – The IDC MarketScape : Asia/ Pacific Software-As-A-Service and Cloud-Enabled Manufacturing Enterprise Resource Planning Applications 2021 Vendor Assessment has identified Infor, Oracle, and SAP as “Leaders” in SaaS and cloud enabled ERP applications for manufacturing in Asia/Pacific. These vendors are assessed relative to a set of criteria around cross-application and functional integration capabilities, regional presence, pricing models, customer service management, and deployment models. The “Leaders” are closely followed by “Major Players" in the market namely (in alphabetical order) Acumatica, Epicor, IFS, Microsoft, Oracle NetSuite, QAD, Ramco, and SYSPRO along with Kingdee as a strong "Contender".
"We have been seeing increased traction from on-premises to cloud enabled solutions in the region over the last couple of years. The changing manufacturing landscape along with significant interest towards integrating value chain data for improved operational resilience has been one of the top drivers for choosing a cloud-based ERP application", says Sampath Kumar Venkataswamy, Senior Research Manager, IDC Asia/Pacific Manufacturing Insights.
Based on an annual survey conducted by IDC Asia/Pacific Manufacturing Insights, investment in cloud infrastructure, software, and platforms is one of the top three technology areas of focus for manufacturers. The case for centralized decision-making and data monitoring has further accelerated the shift from on-premise to cloud applications. IDC estimates that the spend on cloud applications and infrastructure in Asia/Pacific will reach US$124 billion by 2025 at a year-on-year growth rate of 28.8%, indicating a sustained focus on cloud-enabled software applications. In addition, the scale of ERP system use is expanding and seen as a foundational step to improve business performance across functions in individual locations, as well as across the value chains.
One of the critical aspects highlighted in the research is the need for standardization. Organizations must have an eye on the future and understand the importance of processes and data standards that can help them expand further with their supply chain partners. The choice of the right vendor who can provide the right balance between product customizations and out-of-the-box industry-specific solutions is crucial to long-term business growth and strategy. Other significant developments include new product development efforts and the ability of these enterprise applications to align various functional data streams to reduce the time to market.
This report also identifies where cloud-enabled ERP applications have benefits for Asia/Pacific manufacturers. IDC research has consistently shown that local support and presence matters for organizations in the region. Metrics such as resolution time, ticket closures, and implementation time are quite important to the partner selection exercise. Additionally, the need for regional customizations, localizations, and language was highlighted consistently during our conversations with the ERP end-users.
Technologies such as IoT, BDA, and AI are expected to help automate decisions, provide insights and identify additional opportunities for new revenue streams and innovations. Several vendors have already been investing in these technologies to enable a seamless and real-time data feed that can pre-empt and predict disruptions. The idea of a collaborative and coordinated data platform also aids in creating a resilient operations framework.
IDC Manufacturing Insights: Asia/Pacific Manufacturing Digital Transformation Strategies research advisory service provides the latest trends and developments in information and communication technology (ICT) and digital strategies for the manufacturing sector. This service delivers fact-based research and analysis from IDC Manufacturing Insights' expert analysts to help manufacturers make better-informed business decisions by developing cost-effective ICT strategies and tactics to compete and thrive in the global economy. It is imperative that organizations monitor and assess their supply chains continuously and bring in incremental improvements that can provide them the much-needed agility to react faster and stay operationally resilient. To learn more contact Stephanie Krishnan at firstname.lastname@example.org or click HERE.
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*Note: Asia/Pacific excluding Japan
About IDC Manufacturing Insights
IDC Manufacturing Insights assists businesses and IT leaders, as well as the suppliers that serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the manufacturing industries.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights: http://bit.ly/IDCBlog_Subscribe.
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Infor Inc., Oracle Corporation, Ramco Systems Limited, SAP SE, Kingdee International Software Group Company Limited, SYSPRO, Oracle Netsuite, Acumatica, Inc., QAD Inc., IFS AB, Epicor Software Corporation, Microsoft Corporation