Last quater of year 2006 sees boost in economic in North America, Europe and South Asia.The drastic growth of execution of some of the projects in ERP segment is beacuse, as many companies are planning to implement a new or expand an existing ERP solution in the near term. The predication of the ERP market is expected to grow 8 percent until 2008.For midsized corporations, government agencies, and industries such as health care are expected to lead the spending on ERP implementation, a web site reported. The leading ERP system providers are SAP and Oracle/PeopleSoft.
Some of the business drivers and market trend in ERP are :
- Consolidation of Systems - global instance
- Standardization of Processes
- Move to Shared Service Centers -SOA
- Focus on Security -SSO
- Corporate Compliance -SOX
- Cutting edge Technology -XML Pub