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ERP solutions with the largest share of software in the industry
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Industrial companies spent about $ 18 billion on software last year, according to a report by ABI Research. It is estimated that in 2024 these costs will increase to over $ 27 billion.
Talking about the importance of data for a modern company, Michael Larner, an analyst at ABI Research, noted that literally everything is based on them – from raw material supply and production line optimization to customer and end-user relationships.
In addition, artificial intelligence and machine learning technologies extend the analytical capabilities of applications and help plan future scenarios for businesses.
Major applications for industrial enterprises include: ERP (Enterprise Resource Planning), MES (Automated Production Management Systems), MOM (Production Management Software), PLM (Management Lifecycle Management), Inventory Management (Warehouse Management), CRM (Relationship Management) customers) and demand planning (demand planning).
The largest share of industrial software costs – over 50% – is on ERP systems that allow customers to monitor product line activity, evaluate order fulfillment, and automate many support functions.
At the same time, MES is the fastest growing MES category, whose positive dynamics are ensured by the desire of companies to optimize the operation of individual equipment and production lines as a whole.
ABI believes that costs for this type of industrial software will increase by an average of 13.5% annually, reaching $ 2.3 billion at the end of the forecast period.
In the list of leading software developers for this industry, analysts list not only giants such as Oracle, Salesforce and SAP, but also companies with extensive manufacturing experience such as ABB, GE and Honeywell.
The list also includes Dassault Systèmes and Siemens, as well as beginners Katana and Archdesk, who partner with smaller manufacturers.
ERP solutions with the largest share of software in the industry
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