Enterprise Resource Planning (ERP) Software Category Is Estimated To Move Ahead At A Cagr Of 11%

Posted by rahul nikade on May 23rd, 2024

Enterprise Resource Planning (ERP) Software Procurement Intelligence

In this Electric Vehicle procurement intelligence report, we have estimated the pricing of the key cost components. Vehicle cost, Financing, Insurance, Purchase Taxes, Annual Registration Fee, Maintenance and Other costs. The other costs typically include home charger cost, electricity purchase, liquid fuel purchase, liquid fuel tax and electricity tax. Vehicle cost alone constitutes 49% of the total cost of ownership. Since the EVs utilize Lithium-ion batteries to run the electric motors, the cost of these batteries are very high and hold 45 - 50% of the total vehicle’s cost, which results to the higher price of every unit. Maintenance costs of an electric vehicle is 5 - 5 lesser in comparison to ICE vehicle if it used as per the maintenance guidelines outlined by the manufacturer.  

Order your copy of the Enterprise Resource Planning (ERP) Software category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Operational Capabilities - Enterprise Resource Planning (ERP) Software

  • Geographical Service Provision - 35%
  • Revenue Generated - 15%
  • Employee Strength - 15%
  • Years in Service - 15%
  • Key Clients - 12%
  • Certifications - 8%

Functional Capabilities - Enterprise Resource Planning (ERP) Software

By Cloud Deployment Type:

  • Software as a Service - 10%
  • Infrastructure as a Service - 10%
  • Platform as a Service - 10%

By features

  • Financial Management - 15%
  • Reporting and Dashboards - 15%
  • Supply Chain Management - 15%
  • Customer Relationship Management - 15%
  • Others - 10%

Rate Benchmarking

The prices of electric vehicles vary by several factors such as the type of vehicle (i.e. battery electric, hybrid, etc.), brand & model, type of battery, powertrain, driving range, etc. The base price (MSRP + DST + Tax) of an all-electric vehicle would start as low as USD 19,900 and will go up to USD 251,000 for the most expensive pick.

Regionally, EVs are less expensive in China as compared to U.S. or European nations. For instance, in China, the average price of EVs were €66,500 during 2015-16. This has now got reduced to €31,500 in 2023-24 which is a decline of 6.9% over the past 7 years. Whereas prices of EVs has increased by over 12.4% and 16.9% in U.S. and Europe, respectively over the same timeframe. Key reasons for EVs being more economical in China include lower cost of production, intense competition among local OEMs and government incentives.

Supplier Newsletter

In June 2023, General Motors has announced that it had acquired Israel-based battery software startup ALGOLiON Ltd. This acquisition will help General Motors to integrate its electric vehicles with a system to identify abnormalities in performance of batteries, to prevent risks such as thermal runaway propagation occurrences.

In February 2023, Apollo Future Mobility Group announced acquisition of WM Motor Global Investment Limited. Apollo Future Mobility Group is strategizing to prioritize its smart EV business and looks forward to strongly hold its position as a leading mobility services provider. This acquisition will support the group to expand the business by releasing its next generation concepts and achievements in technology research and development to the market.

In August 2022, BorgWarner Inc. has announced the acquisition of an EV charging solution provider Rhombus Energy Solutions. This acquisition will support BorgWarner with technology that will enable it to expand its EV portfolio in Northern America and will also enhance its European charging operations. In addition, it will boost its position in the market for electric vehicles. The company is concentrating on supporting a few essential components of the infrastructure for electric mobility, such as charging, in addition to providing cutting-edge technology for electric drivetrains.

List of Key Suppliers

  • Infor Inc.
  • Epicor Software Corporation
  • IBM
  • HP Enterprise
  • Microsoft Corporation
  • NetSuite Inc.
  • Oracle Corporation
  • Sage Group, plc
  • SAP SE
  • Unit4
  • Workday
  • ServiceNow, Inc.
  • QAD Inc. 

Browse through Grand View Research’s collection of procurement intelligence studies:

Enterprise Resource Planning (ERP) Software Procurement Intelligence Report Scope 

  • Enterprise Resource Planning (ERP) Software Category Growth Rate : CAGR of 11% from 2023 to 2030 
  • Pricing Growth Outlook : 8% - 12% (Annually) 
  • Pricing Models : Licensing-based, subscription-based, usage-based, and tier-based pricing model 
  • Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence 
  • Supplier Selection Criteria : By cloud deployment type, features (financial management, reporting and dashboards, supply chain management, customer relationship management, and others), operational capabilities, quality measures, technology, certifications, data privacy regulations, and others 
  • Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model 

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to): 

  • Market Intelligence involving – market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
  • Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
  • Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

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rahul nikade

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rahul nikade
Joined: July 20th, 2022
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