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ERP: Business Plan Migration to Cloud
The Enterprise Resource Planning (ERP) market has been around for about 40 years. Last year, in 2018, the market size surpassed $35 billion, according to Gartner.
While SAP and Oracle still are the market leaders in ERP, the entire software segment is in flux, particularly because of the cloud.
A report by KLAS found that “in the traditionally stagnant market of ERP (HR, finance, and/or supply chain), aging on-premises solutions are giving way to several cloud options now on the table. Given the significant lift required to move to a new ERP system, many organizations contemplating the cloud are taking the opportunity to consider all vendors, not just their incumbent.”
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Allied Market Research estimates that currently 57 percent of ERP systems are on-premise, but that is changing rapidly.
Panorama Consulting found that the biggest obstacles to cloud ERP were risk of security breaches (29%), insufficient information about cloud offerings (16%), and perceived risk of data loss (9%).