What the Future holds for ERP in the software Sector?

Enterprise Resource planning has been the watchword of many industries right from inception. They have greatly contributed to the growth, welfare and dynamism in many companies. While Enterprise resource

planning is software in itself it requires to be analyzed if ERP will be able to thrive in the volatile IT market which discards anything in the earth as obsolete after every up gradation. So what is the future of ERP software companies?

Some of the issues that deserve attention are as follows:

Prospects and potentials

The software industry is growing at an alarming pace and so the growths of ERP packages are definitely positive and promise a strong future. Infact the development of IT industry definitely means the development of ERP. IT industry can develop applications at an exceeding pace and ERP is one among them. Even though there are chances of many programs in the fray ERP will stand out individually on account of its scope and utilities. ERP software market share and ERP software systems will stand uninterrupted in the days to come.

Intervention in SME'S

The software sector was formerly dominated by market giants. This meant greater difficulty for smaller firm to compete and prove themselves to the stakeholders. Infact it is due to this reason there weren't many small software companies. Even if there were they either perished or grew into larger entities. They were neither able to use ERP software systems nor be a part of ERP software market share.

This naturally meant that ERP could be taken only by large players. Unlike the other sectors this industry was not segmented into big small and medium players. They usually start small and grow very big while many remain small. At the same time there are a lot of bigger players who have emerged by way of diversification from other business by popular brands.

This unfortunately led ERP software vendors to target only those who have a niche in the market. The other small and medium players who were far and few were not taken care of. With the advent of open source and web ERP this trouble got permanently solved. This is indeed a solution to ERP software companies.

Click here to read more on Open source ERP
Click here to read more on Web source ERP

Even if we are to foresee a situation whereby large IT majors start maintaining a R&D department to take care of their ERP needs right from manufacturing too implementing to using it is not going to be a problem for the ERP vendors. Since by the time SME's have already grown in large numbers and will acquire immense benefits from this service. The S.M.E.'s cannot afford to develop an exclusive cell for specializing in ERP services. Neither will the large players in other sectors go for that option as it is not necessary for their requirements.

Employment and Education

ERP generates lots of revenue in terms of employment and education. ERP professionals are in high demand in academics and employment. Their salaries and remuneration are at par in the industry and are also whooping day after day.

Conclusion

There needs to be no doubt in the promising opportunities and prospects of ERP in the future in both software and non software sectors. It is an industry with vast scope for development. The growth of ERP software companies, ERP software Systems and ERP market share is unquestionable.

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