The Global Enterprise Resource Planning (ERP) Market
Enterprise resource planning (ERP) software enables businesses to control and streamline their operational procedures. This software has been extensively utilised for back-office tasks like order management, accounting, human resource (HR), and inventory control. Multiple software modules help compensate an ERP system, and each ERP module is targeted at a specific departmental area, such as finance, purchasing materials, marketing, human resources, and accounting. These modules can be altered to meet the organization's particular business needs. Additionally, ERP use has grown due to the effective planning and data streamlining offered by these platforms, which save operational costs, boost sales, and improve decision-making.
Growing demand for cloud-based ERP solutions
The market for cloud-based ERP systems is expanding due to the flexibility and lower cost of ownership compared to traditional on-premise and hosted options.
Digitizing Enterprise Business Functions
Advanced technologies such as cloud, IoT, big data and analytics, mobility, and social media are driving innovation and changing the business landscape, leading to increased revenue. Enterprise Resource Planning is about introducing digital technology into your business processes to change how you use technology and resources to deliver better value to your customers. Companies worldwide are accelerating their Enterprise Resource Planning through migration to the cloud, modernization of legacy IT infrastructure, IoT, and more. For example, major cloud providers such as Microsoft Azure, Google Cloud, and Amazon Web Services (AWS) are investing billions of dollars in upgrading their cloud infrastructure, from improving redundancy and security to expanding functionality.
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Market Segmentation
Global
Market player
Recent Development
- In March 2021, IFSintroduced IFS Cloud, a platform connecting all its products to providebusinesses with the end-to-end capabilities required to orchestrate theirpeople, customers, and assets and provide improved service.
- In January 2021, MicrosoftCorp. and SAP SE, one of the top ERP vendors, planned to combine MicrosoftTeams with SAP's intelligent range of products. To hasten the uptake of SAPS/4HANA on Azure, the firms expanded their relationship.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | By Component By Deployment Model By Business Function By End User By Industry Vertical |
| Regional scope | North America, Asia-Pacific, Europe, South America, Middle East |
| Country scope | United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain, Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile, Africa, Saudi Arabia, South Africa, UAE, Israel, Turkey |
| Key companies profiled | Epicor Software Corporation, IFS AB, Infor Inc., Microsoft Corporation, Oracle Corporation, Sage Group PLC., SAP SE, Syspro, Workday, Inc.,Netsuite Inc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
