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ERP Software Market to Touch USD 128 Billion by 2028 owing to Increasing Emphasis to Improve Business Operations Efficacy

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Westford USA, Jan. 19, 2023 (GLOBE NEWSWIRE) — The market for enterprise resource planning (ERP) software is expected to grow significantly due to several factors, including the increasing demand for an affordable and effective solution among businesses, shifting consumer behavior, and rising digitalization. Additionally, the expansion of educational institutions worldwide has accelerated the use of ERP software to enhance the effectiveness of numerous organizational procedures. As a result, the market will grow swiftly in the coming years, providing market participants with lucrative opportunities.

Businesses utilize enterprise resource planning (ERP) software to control routine business operations, including purchasing, risk management, accounting, supply chain, and project management. In addition, enterprise performance management, a feature of the ERP software, aids firms in planning, forecasting, budgeting, and reporting their annual and financial results.

According to SkyQuest’s market insights, 84% of large businesses and 38% of small businesses successfully implemented enterprise resource planning tools to improve the efficiency of their business operations. The trend is predicted to grow exponentially as medium and small-scale enterprises find ERP solutions crucial to improve their workflow and reduce their budget invested in manual processing.   

On-Premise Segment to Exhibit Strong Growth Rate Thanks to Rise in Preference for Data Security among Companies

As per SkyQuest, the on-premise segment generated the highest revenue share of 68.23% in 2022 and is predicted to take this lead to 76% by 2028. One of the most significant benefits of this deployment approach is that it gives continuous control and strong data security in any company. Additionally, a lack of information about the benefits of cloud-based solutions in business drives the use of on-premises solutions in some growing countries. Furthermore, in some developing economies, considerable use of traditional techniques to manage the supply chain and other business activities with low automation and technological use is expected to fuel segment growth.

The small and medium enterprise segments are expected to develop significantly in the Asia Pacific region, owing to the number of start-ups and growing government support for the SME sector to adopt digital transformation solutions conveniently. The medium enterprise segment registered 33% of the share in 2022 and is likely to fuel ahead in the coming years.

The ERP software market research report contains historical and future values for a complete picture. It is an excellent source of key research investigating the market’s segmentation, geographical expansion, competitive landscape, revenue, production, and consumption growth. Market participants can use the report’s reliable market facts, statistics, and statistical studies better to understand the market’s current and future growth.  

Get a sample copy of this report:

https://skyquestt.com/sample-request/erp-software-market

Finance Segment to Offer Lucrative Growth Opportunities for ERP Vendors owing to Its Higher Efficiency

Based on SkyQuest’s research, the finance segment to dominate the ERP software market with a remarkable market share of 34.6% by 2028 with a CAGR of 6.7% throughout the forecast period. With the financial segment’s increased emphasis on boosting corporate operational and business process efficiency, ERP adoption will increase, boosting the growth of the ERP software market. In addition, machine learning, blockchain, and cognitive computing are being used by financial organizations such as trust companies, credit unions, and insurance companies to improve their business operations.

North America has continuously dominated the finance segment of the ERP software market due to massive investments in software innovations and development from ERP vendors. In addition, a substantial rise in the adoption of ERP software among small and medium-sized enterprises further impacts the market positively.

The market report offers worldwide, regional, segmentation, and other market statistics, such as CAGR, revenue, volume, and market share, are highly reliable due to their high level of accuracy and authenticity. In addition, an in-depth study on existing and future demand in the global ERP software industry is featured in the report to give readers a comprehensive document that covers all the essentials. The research report is an excellent resource for staying up to date with the latest trends and future global market breakthroughs.

Browse summary of the report and Complete Table of Contents (ToC):

https://skyquestt.com/report/erp-software-market

Key Developments in ERP Software Market

  • RIPL (Rudrabhishek Infosystems Pvt. Ltd.), a wholly owned subsidiary of REPL in collaboration with ORGNN Technologies Pvt. Ltd., has introduced the ERP program FusionHub Cloud ERP in the Indian market. RIPL will be India’s exclusive sales, marketing, and implementation partner. It is an all-inclusive business management tool that supports organizations in the Architecture, Engineering, and Construction (AEC) sectors in managing administrative tasks like project planning and human resource administration.
  • Katana, an ERP platform for small and medium-sized enterprises, has raised €35 million ($34 million) in A Series B round of funding. Brands that rely on local production and inventories are expanding their market share as manufacturing comes closer to the consumer, becoming more conscientious. For instance, integrations can assist a manufacturer in predicting their future inventory requirements based on historical or real-time sales data to prevent running out of stock or parts.
  • Enterprise-resource planning (ERP) software vendor Forterro, based in Europe, has announced its reinvestment by Battery Ventures, a worldwide investment organization with a technology concentration. Forterro serves the industrial midmarket. The battery has recently acquired a sizeable minority stake in Forterro, a business it had previously helped grow into a multi-national.
  • The next-generation ERP (Enterprise Resource Planning1) system, N-ERP, has been successfully implemented by Samsung Electronics in its 120 locations worldwide. In addition, professional solutions, including Transportation Management, Extended Warehouse Management, and Supply Chain Collaboration, for effective collaboration with manufacturing and logistics partners, were merged into a single system.

ERP vendors must keep their software updated to optimize the value given to their clients. Integrating ERP with blockchain will establish a safe platform for cooperation, allowing records systems to be freely exchanged with trusted parties. The research report on the ERP software market covers the competitive market analysis to bring the best business strategies to outperform competitors and gain a significant competitive edge.

Speak to Analyst for your custom requirements:

https://skyquestt.com/speak-with-analyst/erp-software-market

Prominent Players in ERP Software Market

  • SAP SE
  • Sage Software Solutions Pvt. Ltd.
  • Oracle Corporation
  • Infor
  • Workday, Inc.
  • SYSPRO
  • Epicor Software Corporation
  • IFS
  • Microsoft Corporation
  • Deskera

Related Reports in SkyQuest’s Library:

Global Intelligent App Market

Global Medical Practice Software Market

Global Document Analytics Market

Global Artificial Intelligence In Security Market

Global Cloud Managed Service Market

About Us:

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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Artificial Intelligence

Identity Governance & Administration Market Projected to Reach $24.42 billion by 2030 – Exclusive Report by 360iResearch

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PUNE, India, April 25, 2024 /PRNewswire/ — The report titled “Identity Governance & Administration Market by Component (Services, Solution), Modules (Access Certification & Compliance Control, Access Management, Identity Lifecycle Management), Organization Size, Deployment, Vertical – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $8.46 billion in 2023 to reach $24.42 billion by 2030, at a CAGR of 16.34% over the forecast period.

“Navigating Global Identity Governance With Key Strategies for Digital Security and Compliance”
Identity governance and administration (IGA) has emerged as a critical policy-driven approach aimed at fortifying digital identities within organizations, ensuring that proper access is provided to the right individuals for valid reasons. Across the globe, the demand for IGA solutions is on the rise, driven by the need to tackle sophisticated cyber threats, comply with stringent data protection laws, and adapt to the digitization wave sweeping through industries. Challenges include integrating these solutions with pre-existing IT frameworks, primarily in organizations reliant on legacy systems. The North American market, led by the United States and Canada, is at the forefront of this expansion, embracing technological advancements and stringent regulatory standards. Meanwhile, the Europe, Middle East, and Africa (EMEA) region is navigating its unique landscape, with the EU focusing heavily on compliance through GDPR and the Middle East and Africa gradually recognizing the value of digital security. The Asia-Pacific region is witnessing a significant uptrend in IGA solutions adoption, spurred by digital transformation initiatives and cybersecurity awareness, with China and India playing pivotal roles. This global perspective highlights the universal importance of IGA in today’s digital era, highlighting the critical balance between innovation, security, and regulatory compliance in safeguarding digital identities.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“Navigating the New Normal With The Crucial Role of Identity Governance in Securing Hybrid Work Environments”
As businesses globally embrace the fusion of remote and traditional office work, the need for secure, hybrid workspaces becomes paramount. The shift toward flexible working models, accelerated by the COVID-19 pandemic, highlights the importance of cybersecurity and accessibility in ensuring operational continuity and a better work-life balance. Identity governance & administration (IGA) systems emerge as essential tools within this evolving work landscape. They enable organizations to manage digital identities and access rights effectively, safeguarding sensitive data against unauthorized access across diverse working environments. By ensuring that only credentialed employees can access critical information, regardless of their physical location, IGA solutions stand at the forefront of maintaining cybersecurity compliance and operational integrity. This development signifies a growing demand for robust identity governance frameworks, ensuring businesses remain resilient and secure in remote work and beyond.
“Elevating Security and Efficiency in Organizations through Specialized Identity Governance & Administration Services”
Managed and professional services provide organizations with the specialized expertise necessary for optimizing the performance and security of identity governance & administration (IGA) systems, eliminating the need for such in-depth knowledge internally. Businesses benefit from advanced skills that enhance system functionality and safeguard sensitive data by outsourcing specific IGA tasks. From the initial stages of integration and implementation, ensuring seamless incorporation with existing infrastructures, to ongoing support and maintenance for consistent system reliability and up-to-dateness, these services form the foundation of effective IGA strategies. Furthermore, training and consulting play a pivotal role, equipping companies with the understanding and capability to utilize their IGA systems to the fullest. IGA solution is a critical technological tool designed to streamline the management of user access rights across organizations, bolstering security, operational efficiency, and compliance with regulatory standards. This comprehensive approach to IGA facilitates a more secure, efficient, and compliant organizational environment, empowering businesses to focus on core objectives and ensure their data remains protected.
Request Analyst Support @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“International Business Machines Corporation at the Forefront of Identity Governance & Administration Market with a Strong 7.09% Market Share”
The key players in the Identity Governance & Administration Market include Broadcom, Inc., SAP SE, Oracle Corporation, Microsoft Corporation, International Business Machines Corporation, and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Identity Governance & Administration Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Identity Governance & Administration Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Identity Governance & Administration Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/identity-governance-administration
“Dive into the Identity Governance & Administration Market Landscape: Explore 197 Pages of Insights, 654 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsIdentity Governance & Administration Market, by ComponentIdentity Governance & Administration Market, by ModulesIdentity Governance & Administration Market, by Organization SizeIdentity Governance & Administration Market, by DeploymentIdentity Governance & Administration Market, by VerticalAmericas Identity Governance & Administration MarketAsia-Pacific Identity Governance & Administration MarketEurope, Middle East & Africa Identity Governance & Administration MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
Related Reports:
Privileged Identity Management Market – Global Forecast 2024-2030Identity & Access Management Professional Services Market – Global Forecast 2024-2030Digital Identity Solutions Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
Contact 360iResearchMr. Ketan Rohom360iResearch Private Limited,Office No. 519, Nyati Empress,Opposite Phoenix Market City,Vimannagar, Pune, Maharashtra,India – 411014.Email: [email protected]: +1-530-264-8485India: +91-922-607-7550
To learn more, visit 360iresearch.com or follow us on LinkedIn, Twitter, and Facebook.
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Artificial Intelligence

Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms

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MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.

SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]

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Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow

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Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.

Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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