|By Business Wire||
|November 15, 2012 09:52 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/j9wcdp/global_ondemand) has announced the addition of the "Global On-demand Enterprise Applications Software Market 2011-2015" report to their offering.
TechNavio's analysts forecast the Global On-demand Enterprises Applications Software market to grow at a CAGR of 17.58 percent over the period 2011-2015. One of the key factors contributing to this market growth is the high demand for on-demand solutions among SMEs. The Global On-demand Enterprises Applications Software market has also been witnessing the increasing adoption across on-demand CRM software sub-segments.
Key vendors dominating this space include IBM Corp., Microsoft Corp., Oracle Corp., and Salesforce.com Inc.
Other vendors mentioned in the report are: Workday Inc., Infor Global Solutions, Epicor Software Corp., Sage Software Inc., QAD Inc., Google Inc., SAP AG, NetSuite Inc., and Cisco Systems Inc.
Commenting on the report, an analyst from TechNavio's Enterprise Computing team said: ''The Global On-demand Enterprise Applications Software market is witnessing increased adoption of on-demand solutions in developing economies such as India and China. Most of the enterprises in developing economies have low capital to invest in costly on-premise enterprise applications software. Hence, these enterprises are adopting on-demand software, which manages their business operations with less capital investment. Also, the business operations of such enterprises are fairly simple and do not require complex and expensive on-premise enterprise software. Hence, the high adoption of on-demand software, especially in the APAC region, is one of the major trends in the market.''
According to the report, one of the major drivers is the increasing demand for on-demand solutions in SMEs. Currently, only large enterprises are investing heavily in on-premise solutions. However, on-demand enterprise applications are marketed for their low initial cost compared to on-premise applications. On-demand solutions also help in avoiding costly upgrades. Therefore, SMEs are adopting on-demand solutions for various enterprise-wide operations.
For more information visit http://www.researchandmarkets.com/research/j9wcdp/global_ondemand
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