It's no secret that business management software helps enterprises manage their data, optimize processes and run more efficiently. The market for manufacturing software systems is growing on a global level as more businesses implement this powerful software tool. 

New research published by Grand View Research indicates that the global enterprise resource planning software market is growing thanks in part to government utilities, defense contractors and aerospace firms. These sectors all benefit from the streamlined workflows and centralized data that ERP software brings. As noted in Press Release Rocket, ERP software "can lead to reduction of raw material cost by around 15 percent  and inventory cost by 25 percent to 30 percent. Furthermore, it also leads to augmented profitability for a firm, hence driving the overall demand for ERP market." 

Overall, the global ERP software industry contributed over $27 million in 2014. Medium enterprises made up over 40 percent of the ERP market. Small to medium-sized enterprises benefit from the reduced production costs and on-time production delivery, which help growing businesses remain agile as they scale up. Although North America made up over 40 percent of the market, analysts saw particularly high growth in Brazil, China and India. 

Cloud computing is expected to facilitate future market growth, according to Grand View Research. Cloud computing makes data storage easier for small to medium-sized companies, so they don't have to store their information in on-premise servers. Other factors for continued growth will be large ERP firms buying smaller software companies, penetration of emerging markets and ERP portfolios expanding to serve new verticals. 

Accent Software can help implement an ERP system that organizes data, optimizes workflow and has an enterprise running at maximum efficiency. Contact us to learn more about the many ways we can help.