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The Turkey ERP market size is forecast to increase by USD 99.65 billion at a CAGR of 7% between 2023 and 2028.
Moreover, ERP solutions enable large enterprises to make informed decisions based on real-time data, fostering a competitive edge in the market. By integrating various business functions, ERP solutions improve operational efficiency, reduce costs, and increase productivity. In conclusion, the market is an essential tool for large enterprises seeking to enhance their business operations. ERP solutions offer integrated, data-driven solutions for various business functions, enabling organizations to make informed decisions, streamline processes, and gain a competitive edge in their respective industries.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The Software segment is estimated to witness significant growth during the forecast period. The market is projected to experience substantial growth in the coming years. Enterprise Resource Planning (ERP) software serves as a unified business management solution, encompassing essential functions such as human resources, supply chain management, manufacturing, finance, accounting, and project management. Additionally, it supports industry-specific processes like asset management and product lifecycle management.
ERP software facilitates the definition and integration of business processes, ensuring optimal utilization of resources - human, financial, and operational. It offers a centralized repository for data, enabling better decision-making by providing a comprehensive view of business metrics. ERP software is available in various deployment models, including Software as a Service (SaaS) and on-premise. Further, companies can choose between purchasing software licenses or opting for subscriptions to access these solutions and services. Support and maintenance are crucial aspects of ERP software, ensuring seamless operations and continuous improvement.
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The software segment was valued at USD 135.48 million in 2018 and showed a gradual increase during the forecast period.
The market has been gaining significant traction among large enterprises in various industries. ERP solutions and services play a crucial role in streamlining business operations, enabling data-driven decisions, and improving operational efficiency. ERP systems offer standalone and embedded solutions to cater to the unique requirements of Turkish businesses. These solutions encompass supply chain management, distribution process management, business planning, HR functions, finance, marketing, and more. In the realm of supply chain management, ERP solutions optimize inventory levels, manage orders, and streamline logistics.
Furthermore, distribution process management ensures seamless flow of goods from manufacturers to end-users, reducing lead times and enhancing customer satisfaction. Business planning modules enable organizations to forecast demand, set targets, and allocate resources effectively. HR functions are automated, reducing manual processes and ensuring compliance with local regulations. IT technologies such as mobile applications, cloud applications, and open-source applications are increasingly being integrated into ERP solutions. Cloud-based ERP solutions offer flexibility, scalability, and cost savings. ERP solutions are not limited to specific industries. They cater to various sectors, including healthcare organizations and hospitals. Patient record administration is simplified, ensuring accurate and timely data access, improving patient care, and enhancing operational efficiency.
Our market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing focus on improving operational efficiency among enterprises is the key driver of the market. In Turkey, businesses are embracing ERP solutions to enhance their operational efficiency by integrating various business functions under a unified system. ERP software allows real-time access and monitoring of data from different departments, enabling data-driven decision-making and improved productivity. This integrated approach to managing functions such as administration, accounting, and human resources can lead to effective strategic planning and business expansion. Moreover, the adoption of ERP solutions is not limited to traditional desktop applications. Mobile and cloud-based ERP applications are gaining popularity due to their flexibility and accessibility. Open-source applications offer cost-effective solutions, while cloud-based ERP solutions provide scalability and ease of use.
Personalized services are increasingly important in various sectors, including healthcare organizations and hospitals. ERP solutions can help these organizations manage patient records, appointments, and billing, leading to enhanced patient care and operational efficiency. IT technologies continue to evolve, and ERP solutions must keep pace to remain effective. By adopting the latest ERP solutions, Turkish enterprises can stay competitive and drive growth.
Rising adoption of ERP among financial institutions is the upcoming trend in the market. In Turkey, financial institutions are exploring the potential of emerging technologies like blockchain, IoT, artificial intelligence (AI), and cognitive computing to boost their business performance. These technologies, combined with Enterprise Resource Planning (ERP) solutions, are particularly attractive to sectors such as credit unions, banking, trust companies, and insurance.
Further, ERP systems are anticipated to experience significant adoption in Turkey due to their applicability in banking functions, including cash accounting, payment processing, cash management, and transactional security. By implementing ERP, financial institutions aim to reduce costs and risks while improving strategic planning capabilities. The adoption of ERP solutions in Turkey's financial sector is expected to continue as institutions seek to remain competitive and efficient in their operations.
Risk of cyberattacks on ERP software is a key challenge affecting the market growth. In Turkey, the adoption of Enterprise Resource Planning (ERP) systems has been on the rise due to their ability to streamline patient record administration, financial activities, and human resource management for various sectors including manufacturing businesses and the finance segment. ERP databases house vast amounts of sensitive data, making them attractive targets for cybercriminals.
The potential consequences of a cyberattack on an ERP system can be significant, leading to financial losses and reputational damage. Despite these risks, the lack of strong IT security infrastructure in Turkey leaves ERP systems vulnerable to threats such as distributed denial-of-service (DDoS) attacks. This apprehension among businesses and government entities hinders the complete migration to ERP systems, thereby limiting the growth of the market. It is imperative for organizations to prioritize IT security to mitigate these risks and fully leverage the benefits of ERP solutions.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Acumatica Inc: The company offers ERP program modules to support SMEs in Turkey to increase their profitability of business.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
ERP software plays a crucial role in streamlining and coordinating business operations for various industries in Turkey. These solutions help organizations enhance operational efficiency by managing business procedures, supply chain management, distribution process management, business planning, HR functions, and purchasing costs, among others. ERP software offers both standalone and embedded solutions to cater to different business needs. Cloud-based ERP platforms have gained significant traction due to their flexibility and innovative technologies. These platforms enable real-time decision-making, customer-centric strategy, and mobile-friendly solutions, making them ideal for businesses that require on-the-go access. The finance segment is a significant adopter of ERP software, as these solutions offer financial systems to manage financial activities effectively.
The Turkey ERP market is witnessing a rapid evolution as businesses seek comprehensive business process tools to streamline operations and drive efficiency. Integrated data systems and real-time analytics are becoming essential components for companies to manage and process large volumes of information across various departments. Workflow automation apps are enabling businesses to reduce manual processes and enhance productivity, while cloud ERP solutions provide flexibility and scalability for growing organizations. Financial management suites, inventory control hubs, and supply chain planners are key ERP modules being adopted to optimize resource tracking and improve operational efficiency. With resource planning tools and employee task managers, businesses can manage their workforce effectively while staying aligned with company goals.
Custom ERP modules allow organizations to tailor their systems to specific needs, ensuring seamless integration with various processes. Data sync platforms and secure ERP networks are critical for safeguarding sensitive business information, while multi-user access and ERP mobile tools enable teams to collaborate in real time. Production scheduling aids and customer data links allow companies to improve their production flow and customer relations. Business insights apps and operational dashboards provide actionable data, helping businesses make informed decisions. ERP upgrade kits and remote access ERP ensure companies stay up to date with the latest technology advancements in Turkey's dynamic market.
Moreover, ERP software caters to various industries, including IT and telecom, government, retail, e-commerce, manufacturing, healthcare organizations, and hospitals. HR functions, supplier-relationship management, and customer-relationship management are some of the critical areas where ERP software provides personalized services. ERP solutions come in various deployment models, including on-premise, hybrid, and SaaS-based, catering to the diverse needs of large, medium, and manufacturing SMEs. Cloud-based ERP solutions offer several advantages, such as a centralized repository, software licenses, support and maintenance, subscriptions, and open-source applications. These solutions enable effective communication, data-driven decisions, and mobile applications, leading to increased customer satisfaction.
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Market Scope |
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Report Coverage |
Details |
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Page number |
151 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
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Market growth 2024-2028 |
USD 99.65 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.82 |
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Key companies profiled |
Acumatica Inc., Elioplus, Epicor Software Corp., Forterro UK Ltd., IFS World Operations AB, Infor Inc., Login Computer Software Inc, Logo Yazilim AS, Microsoft Corp., Odoo SA, Oracle Corp., QAD Inc., Sage Group Plc, SAP SE, and Sistrade |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles,market forecast , fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this market research report to meet your requirements Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by End-user
8 Market Segmentation by Deployment
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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