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2021
Switzerland Erp Market

Switzerland ERP Market by Component (software, services), Deployment model (On Premise, Cloud and Hybrid), Business Function (Finance, Human Resource (HR), Supply Chain, Customer Management, Inventory Management, Manufacturing Module, and Others), End User (Large Enterprises, Medium Enterprises, And Small Enterprises), and Industry Vertical (Manufacturing, BFSI, Healthcare, Retail & Distribution, Government & Utilities, IT & Telecom, Construction, Aerospace & Defense, and Others): Opportunity Analysis and Industry Forecast, 2020–2030

A14228
Pages: 180
Oct 2021 | 144 Views
   
Author(s) : Abhijith Nair
Tables: 65
Charts: 43
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Switzerland ERP Market Statistics: 2030

The Switzerland ERP market size was valued at $451.06 million in 2020, and is projected to reach $1,272.14 million by 2030, registering a CAGR of 11.0% from 2020 to 2030. Enterprise resource planning (ERP) is a modular software system primarily designed to integrate the main functional areas of an organization's business processes into a unified system. An ERP system includes core software components, often called modules, which focus on essential business areas such as finance and accounting, human resource (HR), production and materials management, customer relationship management (CRM), supply chain management, and others. Organizations choose which core modules to use based on the business importance. ERP software enables efficient resource management and integration of organizational activities and its implementation enhances the operational efficiency, thus providing competitive edge to enterprises.

The Swiss government enforced strict policies to ensure the safety of their citizens and suggested businesses to have their employees to work from home and maintain business continuity during the pandemic. However, the situation has accelerated the adoption of advanced technologies such as artificial intelligence (AI), automation, and virtualization to control costs while improving the customer experience.

On the basis of component, the software segment dominated the Switzerland ERP industry share in 2020, and is expected to continue this trend during the forecast period. Some of the other important business imperatives such as efficient distribution system, improved customer service, and reduced operation expenses drive the top management to implement ERP software in their business processes. Initially, the adoption of ERP solutions among the medium scale industries was less due to the huge cost involved in the implementation. Earlier, the majority of ERP software has been focused on larger organizations due to the high cost involved in the implementation of ERP system.

Switzerland-ERP-Market

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Some of the other important business imperatives such as efficient distribution system, improved customer service, and reduced operation expenses drive the top management to implement ERP software in their business processes. Initially, the adoption of ERP solutions among the medium scale industries was less due to the huge cost involved in the implementation. Earlier, the majority of ERP software have been focused on larger organizations due to the high cost involved in the implementation of ERP system.

By business function, the Switzerland ERP market share was dominated by the finance segment in 2020, and is expected to maintain its dominance in the upcoming years. In most of the organizations, the finance department has adopted ERP software as a means to keep the finance department updated in a precise and reliable way. Financial functions such as management of payments, accounting, and treasury need to be integrated to prevent communication gap. Finance module helps the organization in taking important financial decisions such as cash inflow and cash outflow. In addition, it facilitates the function of tracking data in a uniform manner, thereby allowing two users to work on different entries in the same accounting package.

The report focuses on the growth prospects, restraints, and Switzerland ERP market analysis. The study provides Porter’s five forces analysis of the ERP industry to understand impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the Switzerland ERP market trends.

Segment review

The Switzerland enterprise resource planning market is segmented on the basis of component, deployment model, business function, industry vertical, end user, and region. On the basis of component, the market is bifurcated into software and service. Based on deployment model, the market is categorized into on-premise, cloud, and hybrid. 

Depending on business function, it is classified into finance, human resource (HR), supply chain, customer management, inventory management, manufacturing module, and others. As per end user, it is divided into large enterprises, medium enterprises, and small enterprises. By industry vertical, it is segregated into manufacturing, BFSI, healthcare, retail & distribution, government & utilities, IT & telecom, construction, aerospace and defense, and others. The Switzerland ERP market players operating in the Switzerland ERP industry  include IFS AB, Infor, Microsoft corporation, Oracle corporation, SAP SE, Workday Inc,., SYSPRO , and Protiviti Inc.

COVID Impact Analysis

Post COVID-19, the size of the Switzerland ERP market forecast is estimated to grow from $496.55 million in 2021 to reach $1,272.14 million by 2030, at a CAGR of 11.0%. The Swiss government enforced strict policies to ensure the safety of their citizens and suggested businesses to have their employees to work from home and maintain business continuity during the pandemic. However, the situation has accelerated the adoption of advanced technologies such as artificial intelligence (AI), automation, and virtualization to control costs while improving the customer experience. 

Moreover, the pandemic has introduced considerable challenges for companies, which are trying to execute key processes, report accurately with data spread over multiple locations, operate complex systems, and efficiently communicate with teammates—particularly when they do not have the infrastructure for such processes. Hence, considerable number of companies are investing in ERP software solutions. Furthermore, ERP software adoption is enabling such companies to automate key processes, gain real-time visibility into their operations through better reporting, manage complex systems with adherence to internal controls, and save money through better use of technology.

Furthermore, in the manufacturing sector, the pandemic has pushed manufacturers to rapidly adopt novel strategies to address work-from-home policies and manage uncertain supply chains and extreme swings in demand. In addition, ERP is finding emerging applications in a number of industry verticals. For instance, in January 2021, NMDC, the leading Indian public sector mineral producer, implemented SAP ERP solution, an enterprise resource planning software developed by SAP SE. This strategy is anticipated to help NMDC to consolidate and integrate all business processes end-to-end, thus improving operational efficiency.

Top impacting factors    

Improved customer experience & customer response time and enhanced data analytical capabilities are the major factors is propelling the market growth during the forecast period. However, high installation and training cost coupled with privacy and security concern is mainly restraining the Switzerland ERP market growth. Further, rise in focus on Korean companies in AI technology and growth of social media platform have emerged to prove as lucrative opportunities for the overall market.

Rise in need for operational efficiency & transparency in business processes

Traditionally, most of the businesses invest major of the time and effort in communicating business information and making decisions. Organizations aiming at becoming successful by continuously seek for systems that will help them serve their clients and increase their profit margin. Presently, ERP systems have become strategic platforms, providing a solid foundation and information backbone for businesses among emerging countries. A fully integrated ERP system helps to capture and create accurate, consistent, and timely relevant data and assist to take better business decision. Offering personalized services and ensuring that customers are satisfied do not affect the profitability of an organization unless the operating efficiency of a company is exceptional. Companies are now adopting ERP systems to improve efficiency and ensure a better information integration. 

Organizations need to access all relevant information quickly to take a necessary business action, owing to increased competition and rapid changes in business environment. It can be achieved only if the organization becomes more transparent. According to a study conducted by Harvard Business School, when some retail businesses moved to a more transparent wallet that provided precise pricing and charges for the services, the customers were using at the time, the overall wallet sales increased by 26%. This illustrates how much transparency consumers appreciate in business operations in current times, and it is expected to translate to ERP software and internal management as well. An ERP system scales and deals with the global competition while introducing efficiency and transparency in operations which is expected to propel the growth of the Switzerland ERP market during the forecast period.

Surge in adoption of cloud & mobile applications during COVID-19 pandemic

Cloud computing is an emerging technology that allows enterprises to store and access data through internet. Agility, scalability, reliability, and flexibility are some of the major characteristics of the cloud technology attributing to its popularity. Software as a service (SaaS) or on-demand is one of the service models of cloud computing based on the pay-per-use fee model. Cloud-based applications reduce IT infrastructure cost of the enterprise to a certain extent. According to a survey conducted by the AMR, Software as a Service solutions are in high demand in the region, with third-party ERP systems alone expected to have increased by more than 7% since 2019.

Switzerland ERP Market
By Component

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Service segment is projected as one of the most lucrative segments.

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This is the prime reason for the increased adoption of cloud-based application among enterprises. As mobiles have become an integral part of working culture, enterprises invest in cloud-connected mobile applications, as they allow access to information anytime and anywhere. This help organizations to enhance productivity as well as to maintain work–life balance of their employee. These benefits are expected to drive the demand for cloud and mobile applications in the coming years.

Moreover, during the COVID-19 pandemic, upsurge in demand for cloud-based ERP software supported businesses to sustain during disruptions. In addition, the ERP software solution played a vital role in keeping the entire business processes efficiently operating through various features such as remote access, digital data exchange, automated reporting, and real-time work floor control. In addition, the pandemic has forced businesses around the globe to shift their physical offices into the remote working setups. This factor has led to surge in demand for ERP software, thereby fueling growth of the Switzerland ERP industry.

Switzerland ERP Market
By Deployment Model

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Cloud is projected as one of the most significant segment

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Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the Switzerland ERP market size along with the current trends and future estimations to elucidate imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on the Switzerland ERP market growth is provided in the report.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of Switzerland ERP market forecast for the period 2020–2030 is provided to determine the market potential.

Key Market Segments

By Component

  • Software 
  • Services

By Deployment Model

  • On-premise
  • Cloud
  • Hybrid

By Business Function

  • Finance
  • Human Resource (HR)
  • Supply Chain
  • Customer Management
  • Inventory Management
  • Manufacturing Module
  • Business Intelligence
  • Others

By Industry Vertical

  • Manufacturing
  • BFSI
  • Healthcare
  • Retail & Distribution
  • Government & Utilities
  • IT & Telecom
  • Construction
  • Aerospace & Defense
  • Others

By End User

  • Large Enterprises
  • Medium Enterprises
  • Small Enterprises
 

CHAPTER 1:INTRODUCTION

1.1.REPORT DESCRIPTION
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.3.KEY MARKET SEGMENTS
1.4.RESEARCH METHODOLOGY

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools & models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.KEY FINDINGS

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO PERSPECTIVE

CHAPTER 3:MARKET OVERVIEW

3.1.MARKET DEFINITION AND SCOPE
3.2.PORTER'S FIVE FORCES ANALYSIS
3.3.MARKET DYNAMICS

3.3.1.Drivers

3.3.1.1.Rise in need for operational efficiency & transparency in business processes
3.3.1.2.Surge in adoption of cloud & mobile applications during COVID-19 pandemic
3.3.1.3.Increase in demand for data-driven decision-making

3.3.2.Restraints

3.3.2.1.Higher investment and maintenance costs

3.3.3.Opportunities

3.3.3.1.Increase in demand for ERP among small and medium enterprises
3.3.3.2.Technological advancement in ERP

3.4.COVID-19 IMPACT ANALYSIS ON THE SWITZERLAND ERP MARKET

3.4.1.Impact on market size
3.4.2.Consumer trends, preferences, and budget impact
3.4.3.Economic impact
3.4.4.Key player strategies to tackle negative impact
3.4.5.Opportunity window

CHAPTER 4:SWITZERLAND ERP MARKET, BY COMPONENT

4.1.OVERVIEW
4.2.SOFTWARE

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast

4.3.SERVICES

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast

CHAPTER 5:SWITZERLAND ERP MARKET, BY DEPLOYMENT MODEL

5.1.OVERVIEW
5.2.ON-PREMISE

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast

5.3.CLOUD

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast

5.4.HYBRID

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast

CHAPTER 6:SWITZERLAND ERP MARKET, BY BUSINESS FUNCTION

6.1.OVERVIEW
6.2.FINANCE

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast

6.3.HUMAN RESOURCES

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast

6.4.SUPPLY CHAIN

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast

6.5.CUSTOMER MANAGEMENT

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast

6.6.INVENTORY MANAGEMENT

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast

6.7.MANUFACTURING MODULE

6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast

6.8.OTHERS

6.8.1.Key market trends, growth factors, and opportunities
6.8.2.Market size and forecast

CHAPTER 7:SWITZERLAND ERP MARKET, BY END USER

7.1.OVERVIEW
7.2.LARGE ENTERPRISE

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast

7.3.MEDIUM ENTERPRISE

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast

7.4.SMALL ENTERPRISE

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast

CHAPTER 8:SWITZERLAND ERP MARKET, BY INDUSTRY VERTICALS

8.1.OVERVIEW
8.2.MANUFACTURING

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast

8.3.BFSI

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast

8.4.HEALTHCARE

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast

8.5.RETAIL AND DISTRIBUTION

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast

8.6.GOVERNMENT AND UTILITIES

8.6.1.Key market trends, growth factors, and opportunities
8.6.2.Market size and forecast

8.7.IT AND TELECOM

8.7.1.Key market trends, growth factors, and opportunities
8.7.2.Market size and forecast

8.8.CONSTRUCTION

8.8.1.Key market trends, growth factors, and opportunities
8.8.2.Market size and forecast

8.9.AEROSPACE AND DEFENSE

8.9.1.Key market trends, growth factors, and opportunities
8.9.2.Market size and forecast

8.10.OTHERS

8.10.1.Key market trends, growth factors, and opportunities
8.10.2.Market size and forecast

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.KEY PLAYER POSITIONING ANALYSIS, 2019
9.2.TOP WINNING STRATEGIES
9.3.COMPETITIVE DASHBOARD

CHAPTER 10:COMPANY PROFILE

10.1.DESKERA

10.1.1.Company overview
10.1.2.Key executives
10.1.3.Company snapshot
10.1.4.Product portfolio

10.2.EPICOR SOFTWARE CORPORATION

10.2.1.Company overview
10.2.2.Key executives
10.2.3.Company snapshot
10.2.4.Product portfolio
10.2.5.Key strategic moves and developments

10.3.IFS AB

10.3.1.Company overview
10.3.2.Key executives
10.3.3.Company snapshot
10.3.4.Product portfolio
10.3.5.Business performance
10.3.6.Key strategic moves and developments

10.4.INFOR

10.4.1.Company overview
10.4.2.Key executives
10.4.3.Company snapshot
10.4.4.Operating business segments
10.4.5.Product portfolio
10.4.6.R&D Expenditure
10.4.7.Business performance
10.4.8.Key strategic moves and developments

10.5.MICROSOFT CORPORATION

10.5.1.Company overview
10.5.2.Key executives
10.5.3.Company snapshot
10.5.4.Operating business segments
10.5.5.Product portfolio
10.5.6.R&D expenditure
10.5.7.Business performance
10.5.8.Key strategic moves and developments

10.6.ORACLE CORPORATION

10.6.1.Company overview
10.6.2.Key executives
10.6.3.Company snapshot
10.6.4.Operating business segments
10.6.5.Product portfolio
10.6.6.R&D expenditure
10.6.7.Business performance
10.6.8.Key strategic moves and developments

10.7.SAGE GROUP PLC.

10.7.1.Company overview
10.7.2.Key executives
10.7.3.Company snapshot
10.7.4.Product portfolio
10.7.5.Business performance
10.7.6.Key strategic moves and developments

10.8.SAP SE

10.8.1.Company overview
10.8.2.Key Executives
10.8.3.Company snapshot
10.8.4.Operating business segments
10.8.5.Product portfolio
10.8.7.Business performance
10.8.8.Key strategic moves and developments

10.9.SYSPRO

10.9.1.Company overview
10.9.2.Key Executives
10.9.3.Company snapshot
10.9.4.Product portfolio
10.9.5.Key strategic moves and developments

10.10.WORKDAY, INC.

10.10.1.Company overview
10.10.2.Key executives
10.10.3.Company snapshot
10.10.4.Product portfolio
10.10.5.R&D expenditure
10.10.6.Business performance
10.10.7.Key strategic moves and developments

LIST OF TABLES

TABLE 01.SWITZERLAND ERP MARKET REVENUE, BY COMPONENT, 2020-2030 ($MILLION) 
TABLE 02.SWITZERLAND ERP MARKET REVENUE FOR SOFTWARE, 2020-2030 ($MILLION) 
TABLE 03.SWITZERLAND ERP MARKET REVENUE FOR SERVICE, 2020-2030 ($MILLION) 
TABLE 04.SWITZERLAND ERP MARKET REVENUE, BY DEPLOYMENT MODEL, 2020-2030 ($MILLION) 
TABLE 05.SWITZERLAND ERP MARKET REVENUE FOR ON-PREMISE, 2020-2030 ($MILLION) 
TABLE 06.SWITZERLAND ERP MARKET REVENUE FOR CLOUD, 2020-2030 ($MILLION) 
TABLE 07.SWITZERLAND ERP MARKET REVENUE FOR HYBRID, 2020-2030 ($MILLION) 
TABLE 08.SWITZERLAND ERP MARKET REVENUE, BY BUSINESS FUNCTION, 2020-2030 ($MILLION) 
TABLE 09.SWITZERLAND ERP MARKET REVENUE FOR FINANCE, 2020-2030 ($MILLION) 
TABLE 10.SWITZERLAND ERP MARKET REVENUE FOR HUMAN RESOURCES, 2020-2030 ($MILLION) 
TABLE 11.SWITZERLAND ERP MARKET REVENUE FOR SUPPLY CHAIN, 2020-2030 ($MILLION) 
TABLE 12.SWITZERLAND ERP MARKET REVENUE FOR CUSTOMER MANAGEMENT, 2020-2030 ($MILLION) 
TABLE 13.SWITZERLAND ERP MARKET REVENUE FOR INVENTORY MANAGEMENT, 2020-2030 ($MILLION) 
TABLE 14.SWITZERLAND ERP MARKET REVENUE FOR MANUFACTURING MODULE, 2020-2030 ($MILLION) 
TABLE 15.SWITZERLAND ERP MARKET REVENUE FOR OTHERS, 2020-2030 ($MILLION) 
TABLE 16.SWITZERLAND ERP MARKET REVENUE, BY END USER, 2020-2030 ($MILLION) 
TABLE 17.SWITZERLAND ERP MARKET REVENUE FOR LARGE ENTERPRISE, 2020-2030 ($MILLION) 
TABLE 18.SWITZERLAND ERP MARKET REVENUE FOR MEDIUM ENTERPRISE, 2020-2030 ($MILLION) 
TABLE 19.SWITZERLAND ERP MARKET REVENUE FOR SMALL ENTERPRISE, 2020-2030 ($MILLION) 
TABLE 20.SWITZERLAND ERP MARKET REVENUE, BY INDUSTRY VERTICAL, 2020-2030 ($MILLION) 
TABLE 21.SWITZERLAND ERP MARKET REVENUE FOR MANUFACTURING, 2020-2030 ($MILLION) 
TABLE 22.SWITZERLAND ERP MARKET REVENUE FOR BFSI, 2020-2030 ($MILLION) 
TABLE 23.SWITZERLAND ERP MARKET REVENUE FOR HEALTHCARE, 2020-2030 ($MILLION) 
TABLE 24.SWITZERLAND ERP MARKET REVENUE FOR CUSTOMER MANAGEMENT, 2020-2030 ($MILLION) 
TABLE 25.SWITZERLAND ERP MARKET REVENUE FOR GOVERNMENT AND UTILITIES, 2020-2030 ($MILLION) 
TABLE 26.SWITZERLAND ERP MARKET REVENUE FOR IT AND TELECOM, 2020-2030 ($MILLION) 
TABLE 27.SWITZERLAND ERP MARKET REVENUE FOR CONSTRUCTION, 2020-2030 ($MILLION) 
TABLE 28.SWITZERLAND ERP MARKET REVENUE FOR AEROSPACE AND DEFENSE, 2020-2030 ($MILLION) 
TABLE 29.SWITZERLAND ERP MARKET REVENUE FOR OTHERS, 2020-2030 ($MILLION) 
TABLE 30.DESKERA: KEY EXECUTIVES
TABLE 31.DESKERA: COMPANY SNAPSHOT
TABLE 32.DESKERA: PRODUCT PORTFOLIO
TABLE 33.EPICOR SOFTWARE CORPORATION: KEY EXECUTIVES
TABLE 34.EPICOR SOFTWARE CORPORATION: COMPANY SNAPSHOT
TABLE 35.EPICOR SOFTWARE CORPORATION: PRODUCT PORTFOLIO
TABLE 36.IFS AB: KEY EXECUTIVES
TABLE 37.IFS AB: COMPANY SNAPSHOT
TABLE 38.IFS AB: PRODUCT PORTFOLIO
TABLE 39.INFOR: KEY EXECUTIVES
TABLE 40.INFOR: COMPANY SNAPSHOT
TABLE 41.INFOR: OPERATING SEGMENTS
TABLE 42.INFOR: PRODUCT PORTFOLIO
TABLE 43.MICROSOFT CORPORATION: KEY EXECUTIVES
TABLE 44.MICROSOFT CORPORATION: COMPANY SNAPSHOT
TABLE 45.MICROSOFT CORPORATION: OPERATING SEGMENTS
TABLE 46.MICROSOFT CORPORATION: PRODUCT PORTFOLIO
TABLE 47.ORACLE CORPORATION: KEY EXECUTIVES
TABLE 48.ORACLE CORPORATION: COMPANY SNAPSHOT
TABLE 49.ORACLE CORPORATION: OPERATING SEGMENTS
TABLE 50.ORACLE CORPORATION: PRODUCT PORTFOLIO
TABLE 51.ORACLE CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 52.SAGE GROUP PLC: KEY EXECUTIVES
TABLE 53.SAGE GROUP PLC: COMPANY SNAPSHOT
TABLE 54.SAGE GROUP PLC: PRODUCT PORTFOLIO
TABLE 55.SAGE GROUP PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 56.SAP SE: KEY EXECUTIVES
TABLE 57.SAP SE: COMPANY SNAPSHOT
TABLE 58.SAP SE: OPERATING SEGMENTS
TABLE 59.SAP SE: PRODUCT PORTFOLIO
TABLE 60.SYSPRO: KEY EXECUTIVES
TABLE 61.SYSPRO: COMPANY SNAPSHOT
TABLE 62.SYSPRO: PRODUCT PORTFOLIO
TABLE 63.WORKDAY, INC.: KEY EXECUTIVES
TABLE 64.WORKDAY, INC.: COMPANY SNAPSHOT
TABLE 65.WORKDAY, INC.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.SWITZERLAND ERP MARKET, 2020-2030
FIGURE 03.TOP IMPACTING FACTOR
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06.MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 09.HIGH COMPETITIVE RIVALRY
FIGURE 10.DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 11.SWITZERLAND ERP MARKET REVENUE, BY COMPONENT, 2020-2030 ($MILLION) 
FIGURE 12.SWITZERLAND ERP MARKET REVENUE, BY DEPLOYMENT MODEL, 2020-2030 ($MILLION) 
FIGURE 13.SWITZERLAND ERP MARKET REVENUE, BY BUSINESS FUNCTION, 2020-2030 ($MILLION) 
FIGURE 14.SWITZERLAND ERP MARKET REVENUE, BY END USER, 2020-2030 ($MILLION) 
FIGURE 15.SWITZERLAND ERP MARKET REVENUE, BY INDUSTRY VERTICAL, 2020-2030 ($MILLION) 
FIGURE 16.KEY PLAYER POSITIONING ANALYSIS: SWITZERLAND ERP MARKET
FIGURE 17.TOP WINNING STRATEGIES, BY YEAR, 2018-2021
FIGURE 18.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018-2021
FIGURE 19.TOP WINNING STRATEGIES, BY COMPANY, 2018-2021
FIGURE 20.COMPETITIVE DASHBOARD
FIGURE 21.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 22.IFS AB: REVENUE, 2018–2020 ($MILLION) 
FIGURE 23.R&D EXPENDITURE, 2017–2019 ($MILLION) 
FIGURE 24.INFOR: REVENUE, 2018–2020 ($MILLION) 
FIGURE 25.INFOR: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 26.INFOR: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 27.R&D EXPENDITURE, 2018–2020 ($MILLION) 
FIGURE 28.MICROSOFT CORPORATION: REVENUE, 2018–2020 ($MILLION) 
FIGURE 29.MICROSOFT CORPORATION: REVENUE SHARE BY SEGMENT, 2020(%)
FIGURE 30.MICROSOFT CORPORATION: REVENUE SHARE BY REGION, 2020(%)
FIGURE 31.R&D EXPENDITURE, 2018–2020 ($MILLION) 
FIGURE 32.ORACLE CORPORATION: REVENUE, 2018–2020 ($MILLION) 
FIGURE 33.ORACLE CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 34.ORACLE CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 35.SAGE GROUP PLC: REVENUE, 2018–2020 ($MILLION) 
FIGURE 36.SAGE GROUP PLC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 37.R&D EXPENDITURE, 2018–2020 ($MILLION) 
FIGURE 38.SAP: REVENUE, 2018–2020 ($MILLION) 
FIGURE 39.SAP: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 40.SAP: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 41.R&D EXPENDITURE, 2018–2020 ($MILLION) 
FIGURE 42.WORKDAY, INC.: REVENUE, 2018–2020 ($MILLION) 
FIGURE 43.WORKDAY, INC.: REVENUE SHARE BY REGION, 2019 (%)

 
 

In accordance with several interviews conducted of the top level CXOs, As the business operations of such companies are simple, they do not require complicated and expensive on-premise ERP software. Hence, high adoption of cloud-based ERP in the Asia-Pacific region is one of the major trends in the market. Increased adoption of ERP software by financial institutions is one of the key trends expected to gain prominence in the market. Financial institutions, which include trust companies, credit unions, and insurance sectors are adopting technologies such as machine learning, blockchain, and cognitive computing for enhancing their business operations, which is opportunistic for the market. In addition, these institutions are also adopting ERP for lowering their financial costs and risks. Integration of blockchain in ERP software further enables new ways of managing financial assets, resulting in increased adoption of the ERP software during the forecast period.

In the current business scenario, there has been a substantial rise in the usage of the ERP software across various verticals such as retail, manufacturing, BFSI, healthcare, and others. By integrating their business functions in critical business processes of enterprises, they can increase the productivity and efficiency of their business.

Hence, to lower the IT expenses and streamline processes, organizations are implementing ERP solutions. Adoption of ERP software allows enterprises to integrate business operations with their suppliers, channel partners, and customers. However, the selection of ERP solution differs in accordance to business outfits and their respective process. ERP modules have changed quite drastically over the last few years. Companies which deploy ERP in early years are now integrating the new age ERP models such as cloud-based and mobile-enabled applications, which create lucrative opportunities for the market.

Furthermore, cloud-enabled ERP solution (SaaS model) is gaining high acceptance over the conventional on-premise ERP software in the developing economies. The number of benefits associated with cloud technology, being higher than on-premise deployment, is leading to its higher acceptance among end users. However, in the current scenario, high cost of the ERP solution is a major challenge for mass users. Moreover, ERPs are being implemented across SMEs for the better management of their business operations while offering improved collaboration, simplified compliance, productivity, and risk management.

In addition, ERPs are being adopted increasingly, as they offer effective planning and streamlining of data under one platform, which help in regulating operational costs, enhancing decision-making, and increasing sales. With increase in focus of modern SMEs toward improving their operational and business process efficiency, the adoption of ERP software is expected to grow in the upcoming years. This subsequently fuels the growth of the enterprise resource planning market.

The ERP market is competitive and comprises a number of regional and global vendors competing based on factors such as cost of solutions & services, reliability, efficiency of products, and support services. The market is concentrated with major players consuming 45-50% of the share. The degree of concentration is expected to remain same during the forecast period. Moreover, the outbreak of COVID-19 is anticipated to provide potential growth opportunities for the market expansion during the forecast period, owing to rise in digital transformation trend in enterprises, upsurge in demand for ERP solutions that are hosted or managed in the cloud, and rapid increase in problems due to disruption of the supply chain in the manufacturing sector.

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