ERP Software Market | Industry Trends Analysis, Market Size, Share, Regional Outlook, Statistics Overview & Global Forecast, 2020-2027

ERP Software Market:

The GMI Research forecasts that the ERP software market is witnessing an upsurge in demand during the forecast period. This is mainly due to the growing technological advancements and the strong presence of various organizations providing ERP software.

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Top Manufacturers in the ERP Software Market:

  • Microsoft
  • Oracle Corporation
  • SAP SE
  • IBM Corporation
  • TOTVS S.A
  • Infor
  • Workday, Inc.
  • Sage Group Plc
  • SYSPRO
  • Epicor Software Corporation

ERP Software Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The growing penetration of mobile and cloud applications, which is increasing adoption of ERP software as it is minimizing the cost of maintaining, supports the applications, and decreases the need for IT support services, is a major factors surging the growth of the ERP software market size. As per ERP market analysis, the growing application of ERP software among the small and medium-sized enterprises to improve the efficiency & business insight and rapid growth in the technological advancements in the software such as the execution of artificial intelligence and IoT will propel the growth of the global ERP software market share in terms of revenue.

According to ERP market forecast, several benefits regarding the use of ERP software as it reduces errors & duplication, better customer service, streamline the operations, followed by enhancement in the financial consolidation, improved efficiency, and optimization of the supply chain, will attract many end-users to opt for ERP software. As per ERP market overview, the rising penetration of IT technologies in emerging countries such as China and India is significantly changing consumer behavior, which will lead to an increase in the adoption of ERP software to expand profitability and flexibility. This factor is fuelling the growth of ERP software in the market. On the other hand, the high cost of installation of the software will hamper the growth of the global ERP software market.

Regional Drivers

Based on the region, North America is expected to dominate the market during the forecast period due to the fundamental shift of businesses from on-premises to cloud ERP software, which is raising the usage of ERP software. Furthermore, growing technological advancements and the strong presence of various organizations providing ERP software also surges the growth of the market in this region.

ERP Software Market Segmentation:

Segmentation by Deployment Model:
  • Cloud
  • On-Premise
  • Hybrid
Segmentation by Component:
  • Software
  • Services
Segmentation by Business Function:
  • Supply Chain
  • Human Resource
  • Finance
  • Inventory Management
  • Customer Management
  • Manufacturing Module
  • Others
Segmentation by Enterprise Size:
  • Small & Medium Enterprises
  • Large Enterprises
Segmentation by Industry:
  • Manufacturing
  • BFSI
  • Healthcare
  • Government & Utilities
  • Retail & Distribution
  • Aerospace & Defense
  • IT & Telecom
  • Construction
  • Others
Segmentation by Region:
  • North America
    • United States of America
    • Canada

 

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a leading market research company that offers market research reports for every industry. Our research teams have seasoned analysts and researchers and are always looking for industry-leading research techniques to create all-encompassing research reports. GMI Research’s extensive global network allows it to collect relevant information about the industry on a regional as well as country-level basis. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of sectors. We provide step-by-step assistance to our clients through strategic and consulting services to reach a managerial and actionable decision. Our market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, major factors impacting the market growth, and various market insights to aid companies to make strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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