Organisations will begin to look beyond traditional ERM functionalities and delivery models, according to a newly released report by research firm IDC.
Many factors will contribute to this shift in demand including rising costs, lagging productivity and system obsolescence.
Although organisations will continue investing in traditional enterprise resource management (ERM) applications through 2015, they will also explore the adjacent areas that will help them drive real value to their business.
IDC has revealed more insights in the report, 'IDC Asia/Pacific (Excluding Japan) Enterprise Resource Management Market Analysis and Forecast 2011-2015'.
The research firm expects the overall Asia Pacific excluding Japan (APEJ) ERM market to reach US$2.83 billion in 2011.
According to IDC, China will have a share of 32.8 percent of the APEJ ERM market in 2011, and 35.3 percent in 2015.
The business environment today has become a very competitive market, and this has driven enterprises to quickly respond to market needs.
"The need to streamline business processes and proactively manage human capital and assets will lead to increased human capital management (HCM) and enterprise asset management (EAM) investments in APEJ," said Daniel Zoe Jimenez, program manager for enterprise applications and information management at IDC Asia Pacific.
"Organisations unable to boost their productivity levels while keeping costs down will fail to succeed in this challenging market. In line with this, we are seeing companies becoming more aware of the need to get a better understanding of their business performance, which will drive more attention to financial performance and strategy management (FPSM) applications."
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