Emerging Trends in the ERP Industry:
An important market trend that is expected to have a major effect on the ERP market is service-oriented architecture (SOA). Analysts predict that in 2015, SOA will help the software to enable business processes rather than cause any kind of hindrance. SOA, in fact, has been a much-awaited technology for several years but it has not yet been adopted completely. This form of architecture links all independent applications in a network, enabling the network to create custom composite applications. In 2007, more and more companies are likely to adopt SOA architecture to meet their business needs. Also one could see companies such as IBM, SAP, Microsoft, and BEA Systems Inc., launching products that will improve working on SOA projects. Nucleus Research is a US-based company that had accurately predicted IT trends in previous years. For 2007, it predicts that there would be extensive implementation of SOA yielding higher ROI and a change in the pattern of IT architecture evaluation. A change in the structure of revenue generation has also been predicted. More revenues are expected to be generated through subscription services and composite applications as compared to the earlier packaged software and monolithic suites. The other emerging trend in the ERP industry is the launch of XERP products.
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