Enterprise Resource Planning Market research report analysed in detail with all the statistical overview on the Enterprise Resource Planning market status and opportunities. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
“Enterprise Resource Planning Market” expected to grow considerably in the forecast period 2022- 2027. COVID-19 can affect the economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The report offers a dashboard overview of leading companies like: ,…, encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
The global enterprise resource planning market was valued at USD 33.6 billion in 2017, and is expected to reach a value of USD 47.85 billion by 2027, at a CAGR of 6.07% over the forecast period (2021-2027). Enterprise resource planning (ERP) systems are becoming a necessity, owing to the increasing amount of workflow and the complex planning programs. ERP can help any enterprise do business in the mobile world. One of the key benefits of ERP systems is that it helps in the cessation of work directly and modifies the inventory to ensure new business orders to keep it current on a day-to-day level. ERP systems further monitor the utilization of resources and work-flow schedules, impact diagnose trouble codes, and track preventive programs where this process helps in better understanding of the total cost of operation on a real-time basis.
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Company Coverage: –
– SAP SE
– Oracle Corporation
– Microsoft Corporation
– NetSuite Inc.
– SYSPRO
– Infor
– Epicor Software Corporation
– International Business Machines Corporation (IBM)
– The Sage Group PLC
– IQMS
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Market Players Competitor Analysis:
Big data analytics has gradually emerged to be the most prominent collective phenomenon in the early 21st century. The ERP analytics tools enable them to translate hordes of consumer data into actionable insights. There is an immediate need to build new systems like ERP software systems to handle big data. For example, electricity supply companies are replacing the analog meters with digital alternatives, where a huge volume of data is pouring into their servers every month. These businesses now require systems that can use this data to analyze comprehensively the usage patterns, demand peaks, and consumption fluctuations, while arriving at smart decisions. All of this mandates the need for a system that handles big data effectively. The demand for analytics tools has been bolstering the ERP market worldwide.
Real-time Data Analytics is Driving Market Growth
The key drivers for growth in this market include consistent data availability across the business for faster decision-making, real-time data analytics, and increased adoption of ERP solutions for better management. Incremental technological advancements will pave the way for several growth opportunities for the ERP market, by making analytics tools more accessible to the small/medium-scale organizations. Conversely, difficulties in customization according to business needs, cost of implementing across the business, and integrating several existing systems into one legacy system could impede the growth over the forecast period.
Retail is expected to Hold the Largest Share
The global retail market is one of the rapidly growing sectors in the world. The trajectory of retail is growing at an explosive rate, supported by the rise of the middle-class segment. Internet penetration and expanding mobile users are the key drivers of this market. ERP software systems can be add-ons to the retail market, where they can manage the resources by planning the workflows and schedules.
The growth of the retail market is globalized; this is largely fueled by technological advancements and increased market penetration of broadband and mobile devices. This growth can also be attributed to the several pro-active steps taken by the nation-to-nation co-operations for development of domestic supply chains in key sectors, such as technology and retail.
Asia-Pacific is Expected to Hold the Major Share in the Market
Asia-Pacific is expected to account for a major share in the ERP software market. Many of the organizations in the APAC region are completely dependent on digital systems to perform their tasks. The ERP software technology helps the private and government organizations in resource planning, in managing their tasks on real-time basis, and in simplifying the complex workflow. Hence, the adoptability of the ERP software systems will be an added advantage to the small and medium-size organizations. IoT is predicted to undergo massive growth in APAC in the coming years, and rising mobile tools play a vital role in enabling the ERP software systems to grow. The advanced industry sector is highly metropolitan and varies considerably in its composition and depth across regions.
Key Developments in the Market
• November 2017 Microsoft launched Azure location-based services, a new azure cloud offering to power the “location of things.” This could empower industrial transformation from manufacturing to automotive to retail as it includes geographical data that can better connect smart cities, IoT solutions, and infrastructure.
• October 2017 – Oracle launched an autonomous cloud database capable of patching cyber security weaknesses on its own accord. Oracle Autonomous Database Cloud uses machine learning to eliminate human maintenance and error, offering self-driving, self-scaling, and self-repairing database functions.
The major players include – SAP SE, ORACLE CORPORATION, MICROSOFT CORPORATION, NETSUITE INC., SYSPRO, INFOR, EPICOR, SOFTWARE CORPORATION, INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM), THE SAGE GROUP PLC, and IQMS, amongst others
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Reasons to Purchase this Report:
- To examine the increased usage of Enterprise Resource Planning in Industry that affect the global market scenario
- Analyze various perspectives of the market with the help of Porter’s five forces analysis
- To know the modality and application that are expected to dominate the market
- To know the regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by major market players
Customization of the Report:
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Regional Analysis: –
– North America
– Asia-Pacific
– Europe
– South America
– Africa
Some Major Points from TOC: –
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Insights
4.1 Market Overview
4.2 Industry Attractiveness Porter’s Five Industry Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products or Services
4.2.5 Competitive Rivalry among Existing Competitors
4.3 Industry Value Chain Analysis
4.4 Industry Policies
5. Market Dynamics
5.1 Factors Driving the Market
5.1.1 Increased Adoption of ERP Solutions for Better Management
5.1.2 Real-time Data Analytics
5.2 Factors Restraining the Market
5.2.1 Difficulties in Customization According to Business Needs
6. Global Enterprise Resource Planning Segmentation
6.1 By Deployment
6.1.1 On-premises
6.1.2 Cloud
6.1.3 Hybrid
6.2 By Industry
6.2.1 Retail
6.2.2 Manufacturing
6.2.3 BFSI
6.2.4 Government
6.2.5 Telecom
6.2.6 Military and Defense
6.2.7 Transport and Logistics
6.2.8 Healthcare
6.2.9 Others
6.3 By End User
6.3.1 Small Enterprises
6.3.2 Large Enterprises
6.3.3 Medium Enterprises
6.4 By Geography
6.4.1 North America
6.4.2 Europe
6.4.3 Asia-Pacific
6.4.4 Middle East and Africa
6.4.5 Latin America
7. Competitive Intelligence Company Profiles
7.1 SAP SE
7.2 Oracle Corporation
7.3 Microsoft Corporation
7.4 NetSuite Inc.
7.5 SYSPRO
7.6 Infor
7.7 Epicor Software Corporation
7.8 International Business Machines Corporation (IBM)
7.9 The Sage Group PLC
7.10 IQMS
*List is Not Exhaustive
8. Investment Analysis
9. Outlook of the MarketAAAA
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