ERP set to soar

Madar Research Group estimates that the GCC’s ERP sector was worth US$134 million last year, while IDC has predicted 2004 ERP will be markedly higher at US$158 million.

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By  Alicia Buller Published  July 28, 2004

Recently released figures suggest that the market for enterprise resource planning (ERP) is swelling as IT decision-makers become aware of the advantages of deploying integrated systems. Madar Research Group estimates that the GCC’s ERP sector was worth US$134 million last year, while IDC has predicted 2004 ERP will be markedly higher at US$158 million. Exact Software, a local ERP provider, has expressed concern that Middle East organisations need to be forward thinking in their choice of business software in order to capitalise on growth potential. “These figures are encouraging, in that they indicate healthy growth for the ERP market, but the region’s technology sector is one of the most dynamic in the world, and there is the potential for much more investment,” says Nizar Badwan, general manager, Exact Software Middle East. More importantly, IT decision makers need to assess whether the data management systems they have in place will sufficiently manage an upturn in company growth. “Growing businesses need an effective and reliable IT solution in place in order to fully maximise heir development potential. Preparation is key to ensuring business success. It is vital for organisations to examine their ERP systems ahead of time, and implement any necessary changes in readiness for an upturn,” Badwan urges.

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