Duzon Digitalware Strengths, Domain Expertise, and Key Differentiators
Duzon is a prominent ERP vendor based in Korea, specializing in delivering a comprehensive suite of financial management, HR, and procurement applications to both public sector entities and businesses nationwide. In February 2018, Duzon expanded its international footprint with the establishment of Duzon Bijeuon Asia Co., Ltd., extending its reach into the Middle East and Africa, thereby significantly enhancing its presence in the global digital forensics market.
Duzon Bijeuon Asia is strategically poised to broaden its clientele spectrum by catering to large enterprises with its innovative "D_ERP" solution and small businesses through its cutting-edge "WEHAGO" platform.
Moreover, the company aims to augment revenue streams from existing SME customers by encouraging their transition to advanced solutions such as the next-generation groupware "Enterprise Business Portal (EBP)" and cloud-based services. As part of its evolving strategy, Duzon Bijeuon anticipates a gradual transition from conventional software product sales, predominantly package solutions, to the provision of cloud-based platform services, reflecting its commitment to staying at the forefront of technological innovation.
Duzon Digitalware Recent Developments
Duzon has proudly introduced the ERP WEHAGO T, alongside the WEHAGO T Edge service, tailored specifically for our esteemed business clientele who rely on professional bookkeeping and reporting services from our tax accounting office. WEHAGO T Edge offers a comprehensive suite of features including management information and bond analysis, accounts receivable factoring, business communication via chat rooms and messenger services, secure evidential data capture and transmission, bankbook and payroll communication, certificate issuance, document storage, and a host of other functionalities designed to streamline business operations. This solution facilitates seamless communication without the necessity of face-to-face interactions, ensuring efficiency and convenience for our valued clients.
Duzon Digitalware Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Duzon Digitalware applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Duzon Digitalware and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Duzon ERP 10 customers.
Duzon Digitalware Overview
130, Namsan-myeon willow 1 route
Chuncheon, x, x, South Korea
82 2-6233-3000
http://www.douzonerp.com/
Ownership: - 012510 (KRX)
Number of Employees: 1758
Functional Markets: Analytics and BI, Collaboration, Content Management, CRM, eCommerce, EPM, ERP Financial, ERP Services and Operations, HCM, ITSM, PPM, Procurement, SCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Duzon Digitalware Key Enterprise and Cloud Applications
Duzon ERP 10
Duzon Digitalware Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Duzon Digitalware Revenue Breakdown By Type, $M:
Duzon Digitalware Enterprise Applications Revenues By Functional Markets, $M:
Duzon Digitalware Enterprise Applications Revenues By Verticals, $M:
Duzon Digitalware Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Duzon Digitalware Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Duzon Digitalware Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Duzon Digitalware Customers
No. of Duzon Digitalware Customers: 130000
No. of Duzon Digitalware Enterprise Applications Customers: 130000
No. of Duzon Digitalware Cloud Customers: 10659
No. of Duzon Digitalware Cloud Subscribers: 10659
Duzon boasts a robust clientele exceeding 130,000 ERP customers, primarily comprised of small and midsize enterprises (SMEs). Notably, a substantial portion of these customers, approximately 111,000, belong to the SME category with 5 to 50 employees in Korea, relying on Duzon's lightweight ERP solution, "Smart A". Furthermore, among the 46,000 companies in Korea with over 50 employees, approximately 19,000 utilize Duzon's standard or extended ERP offerings such as "iCube" and "ERP iU".
The company enjoys a high level of customer retention due to its products being integral platforms for the FAT (Financial Accounting Technician), TAT (Tax Accounting Technician), and National ERP Information Management examinations. Moreover, Duzon's software is preferred by approximately 90% of tax accounting offices in Korea, contributing to a significant portion of its user base. This preference is further reinforced by the tendency of most companies to align their software choices with those of their tax accountants, underscoring the trust and reliance placed on Duzon's products within the industry.
Duzon Digitalware Market Opportunities, M&A and Geo Expansions
Douzone's ERP 10 represents an advanced software solution designed to meet the intricate demands of large enterprises, encompassing real-time enterprise capabilities, robotic process automation, and business process automation functionalities. This innovative system effectively manages extensive data sets, facilitating seamless integration of all company information and resources to enhance overall management efficiency. By leveraging comprehensive real-time data analysis, ERP 10 significantly enhances decision-making accuracy and visibility.
The market reception towards ERP 10 has been notably positive, attributed to its sophisticated architecture tailored to address the specific needs of large enterprises and regulatory requirements within the domestic economic landscape. Given the significant reliance on exports for economic growth, Douzone's ERP solutions have garnered attention for their exceptional scalability and independence from technology dependencies, positioning them as a preferred choice in the market.
In March 2021, Bain Capital reached an agreement to inject approximately 400 billion won ($360 million) into Douzone Bizon Co., a prominent enterprise resource planning (ERP) software developer in South Korea. This strategic investment, according to sources in investment banking, positions Bain Capital as the second-largest shareholder in Douzone Bizon. The US-based private equity firm is set to acquire approximately 10% of Douzone's shares listed on the Kospi, purchasing stakes from various existing shareholders, including a portion of Chief Executive Kim Yong-woo’s 5.72% holdings.
This infusion of capital is anticipated to propel Douzone Bizon's global expansion initiatives by leveraging Bain Capital's extensive international network and resources. This strategic partnership is poised to catalyze Douzone Bizon's growth trajectory in the competitive ERP software market.
Duzon Digitalware Risks and Challenges
Transitioning the majority of its established user base to cloud-based infrastructure is a complex endeavor that may span several years. It is imperative for Duzon, the dominant force in the Korean ERP market, to expedite this process to maintain its competitive edge against emerging cloud-based startups. Recognizing this urgency, Douzone has been channeling substantial investments towards the development of a new cloud platform business, drawing inspiration from the success of Salesforce's cloud application platform.
Douzone's envisioned platform is poised to facilitate third-party developers in creating diverse business applications leveraging extensive financial data sourced from its core ERP system. Collaborations with reputable third-party vendors such as Microsoft and Hancom are already underway to realize this initiative. However, the precise revenue model for this platform business remains undefined, potentially introducing uncertainty. Delays or setbacks in the launch of this new venture could consequently impact the company's profit margins.
Duzon Digitalware Ecosystem, Partners, Resellers and SI
In December 2022, a strategic business agreement was inked between two prominent software firms, namely TmaxSoft and Douzon Bizon. This collaboration aims to seamlessly integrate Douzon's advanced enterprise resource planning system with TmaxSoft's middleware, with the joint objective of developing and enhancing the enterprise information and communications technology (ICT) market.
Under this partnership, the companies will harmonize Douzon's next-generation ERP 10 with TmaxSoft's suite of web application server JEUS, web server WebtoB, and HyperFrame, which provides comprehensive management of open-source middleware products. These integrated solutions will be packaged and made available to meet the evolving needs of businesses.
Duzon Digitalware Cloud Infrastructure Insights
Subscribe to read more about:
- Duzon Digitalware Public Cloud and Infrastructure (IaaS)
- Duzon Digitalware Platform (PaaS)
- Duzon Digitalware Application Delivery
- Duzon Digitalware Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
