Worldwide Enterprise Resource Planning Software Market Shares, 2016: Year of Complete Cloud Suites
This IDC study reviews the market for ERP software, which grew steadily in 2016. It is clear the pace of change in the ERP software market is accelerating rapidly, largely thanks to the 3rd Platform and the innovation accelerators of cognitive systems including machine learning and IoT. This acceleration is no longer about "when" the enterprise jumps on board but about "how quickly it can" jump on board or die trying to modernize its current ERP solution.According to Mickey North Rizza, program VP, Enterprise Applications and Digital Commerce, "ERP solutions are starting to shift to SaaS and cloud-enabled deployments. More and more ERP systems are built for rapid deployment using cloud and continuous improvement beyond the original investment. It is no longer about making do with an on-premises solution but rather investing into digital transformation initiatives that make the back office current with the front office and managing the complete business for competitive differentiating value."