Service Resource Planning (SRP) SaaS Solutions Market to Witness an Outstanding

Posted by ashutosh sable on December 4th, 2017

Service resource planning is a cloud based platform used to execute project based scheduling as well as service order based scheduling. Service resource planning provides smooth, consistent and comprehensive platform for organizations to manage the entire client lifecycle. Service resource planning SaaS solutions providers offer end to end solutions for service industry with integrated functions such as finance and human resources along with project management. These solutions enable organizations to optimize their resources in multiple projects.

The global service resource planning SaaS soluton market is classified into service, vertical and region. On the basis of service the market can be segmented into consulting service, implementation service and integration service. The global service resource planning SaaSsolution market can be segmented into vertical such as manufacturing sector, healthcare sector, public sector, BFSI, transportation sector, media and entertainment sector, IT & Telecom sector, retail sector and energy and utility sector. Region wise, global service resource planning SaaSsolution market is segmented into North America, Latin America, Eastern Europe, Western Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA). At present, North America is dominating the market in terms of revenue contribution share followed by Western Europe. Among all the regions, APEJ is expected to create huge market opportunity for major players operating in the service resource planning SaaSsolution market during the forecast period.

The global service resource planning SaaS solution market is gaining traction as itenables organization to integrate project management, resource optimization, project accounting and client management processes. Additionally, it allows end-users to compare historical data stored on cloud to understand historical trends. Aforementioned mentioned are the factors encouraging enterprises to use deploy resource planning SaaS solutions which in turn is driving growth of the market.

Lack of awareness across industries especially in emerging markets such as India, China, Brazil and Argentina, regarding benefits of SRP solutions that enhance business operations hampering growth of the services resource planning SaaS solution market. Additionally, issues related to data privacy and security restricting the growth of services resource planning SaaS solution market.

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Key players in the global service resource planning SaaS solution market focus on introduction of advanced solutions and services in order to strengthen position in the market. For example, Microsoft introduced Microsoft Dynamics NAV which is a business management solution that helps mid-sized and small businesses to manage their supply chain, financials, and employees with the feature of multiple language and currencies.