The Enterprise Resource Management (ERM) applications market is predicted to enter prolonged period of steady growth after recording extraordinary growth 2011, according to a report by International Data Corporation (IDC).
IDC’s Worldwide Semiannual ERM Applications Tracker monitors almost 370 ERM vendors in a total of 49 countries.
IDC Worldwide Software Trackers director Patrick Melgarejo said the ERM applications market surpassed expectations reaching 11.9% year-over-year growth in 2011, with the first half of the year performing slightly better than the second half.
"In terms of functional markets, three out of eight performed better than the average ERM market; they are Human Capital Management, Financial Performance and Strategy Management, and Project & Portfolio Management. These markets are also expected to perform the best in the years to come," he added.
In 2012, the regions are expected to grow at single-digit rates on average, starting a prolonged conservative yet positive period where every region except Western Europe would grow at above-market rates.
Asia/Pacific excluding Japan and North America is expected to record best growth led by massive investments in ERM in countries including China, India, Indonesia, Philippines, Thailand, and the US.
Latin America, unlike past years, is not expected to be feature among the top regions due to an anticipated drop in Mexico, while CEMA and Japan will show steady positive growth, IDC said.
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Technology trends fueling the recovery in ERM include advances in architectural constructs like cloud computing, mobility, advanced analytics, and new social models and tools, which means more touch points, greater transparency, and more intelligent engagement with customers, employees, suppliers, and partners.
Among the specific functional markets, IBM is on top in the enterprise asset management market with Infor and ABB being the other top competitors in this market.
In a region wise analysis, Latin America TOTVS occupies the top position with continuous growth of more than 30% while vendors such as DATEV and Sage are in the mix for second place in Western Europe.
