World's Largest Business Network is Here
While digital transformation fever is trying to catch up with the spread-rate of Covid-19, it’s hardly any wonder that SAP reported cloud growth of 17 percent and a S/4 Hana customer base increase of 16 percent to 16,000. But despite this, the company’s revenue in the yesteryear was down by 1 percent. However, SAP has already started its measures to get back on the growth trajectory by
recently unveiling the first step toward creating the world’s largest business network with SAP Business Network, which will bring together Ariba Network, SAP Logistics Business Network and SAP Asset Intelligence Network. The butterfly effect will benefit over 5.5 million organizations that are set to become members of this connected community.
The 21,000 companies strong SAP partner ecosystem will play a major role in the execution of this gigantic plan. With an ever-growing ERP market, which is expected to reach $202.28 billion in 2025, growing at a CAGR of 8.1 percent, and already 77 percent of the world’s transaction revenue touching an SAP system, SAP partners are affirmatively foreseeing field-days ahead.
The ball is in partners’ court. In order to pounce on this favorable milieu, they need to be acquainted with the SAP products as well as the nuances of the history, business and requirements of local customers. The SAP partners will have to flex their innovative muscles and build additional capabilities & useful modules on top of SAP platforms, in addition to integrating with third party legacy IT systems in order to penetrate the local market – everything at an affordable price structure, of course. Through this issue, we are shedding light on the SAP ecosystem in our country.
Do let us know your thoughts.