ERP or Enterprise Resource Planning software used in the organization to monitor the certain activities and keep the record of it. ERP Software market has been growing rapidly from past few years and as a result, Global ERP Software is estimated to reach at USD 47 billion by the end of year 2022 with 7% of compound annual growth rate.
The global ERP software market is showing immense growth; mainly due to the emergence of cloud technologies. ERP Software Market refers to a set of various ERP modules such as finance, sales, marketing, HR etc. and provides seamless integration of these modules. Implementing an ERP software has various benefits such as it improves efficiency, scalability and decreases costs. An ERP software helps in eliminating repetitive processes and hence provides improved efficiency. It also provides integrated information at a single location which helps in keeping data consistent, accurate, and unique. Having a centralized database also offers mobility to the users. ERP software also provides various forecasting tools which ultimately helps in making realistic estimates and more effective forecasts.
Get Sample Report @
According to a recent study report published by Market Research Future, The global market of ERP software is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023). ERP or enterprise resource planning software is used in organizations to monitor certain activities and maintain records for the same. ERP software is gaining popularity with to the major software providers like Oracle and SAP coming up with developments in the market. Oracle’s ERP, EPM, & SCM Cloud business has over 2,600 customers whereas, the number of customers for SAP for its next-generation ERP suite has exceeded 3,700 by July 2016. An ERP system allows an organization to run a synchronized configuration that connects all the business processes. Technological advancements and economic growth influence the industry dynamics. Also, increasing demand for ERP software from medium and small enterprises is one major factor driving the market growth.
The key players in the market of ERP software are- SAP SE (Germany), Oracle (U.S.), Infor (U.S.), Microsoft (U.S.), Epicor (U.S.), QAD (U.S.), Sage (UK), NetSuite Inc. (U.S.), Consona Corp. (U.S.), Syspro (South Africa) among others.
Segmentation by Installation: On Cloud & On Premises.
Segmentation by Application: CRM, Sales, Business Intelligence, Accounting, HR among others.
Segmentation by Industry Verticals: BFSI, Manufacturing, IT, Communication, Entertainment, Healthcare
North America is dominating the global ERP software market. Factors such as presence of global players and nations such as of U.S. and Canada gives North America competitive advantage over other countries. Also, adoption rate of software in the business process in the organizations is giving boost to the North America ERP software market. Europe stands as second biggest market due to the growing BFSI and automotive industry. Asia Pacific has emerged as fastest growing market due to the growing manufacturing and semiconductor industry in China, Japan, Taiwan and South Korea.
- In September 2016, Syspro announced update of its ERP software which will be helpful to manufacturers and distributors.
- In July 2016, Sage announced update for cloud-based solutions which will be helpful for accountants and entrepreneurs.
- ERP Software Providers
- Accounting firms
- Manufacturing companies
- IT and Software developers
The report for Global ERP Software Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Get Complete Report @ https://www.marketresearchfuture.com/reports/erp-software-market-1412
Study Objective of ERP Software Market
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global ERP Software Market
- To provide insights about factors affecting the market growth
- To analyze the ERP software market based on various factors- value chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by installation, by application and by industry vertical and sub-segments
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global ERP Software Market
Tale of Content
1. Report Prologue
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Solutions, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune – 411028
+1 646 845 9312