Enterprise Resource Planning market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
The global enterprise resource planning market was valued at USD 39.65 billion in 2019 and is expected to reach a value of USD 65.20 billion by 2025, at a CAGR of 8.66% over the forecast period (2020-2025).
The Enterprise Resource Planning market is highly competitive and consists of a number of major players: SAP SE, Oracle Corporation, Microsoft Corporation, Plex Systems Inc., Syspro (Pty) Ltd., Infor Inc., Epicor Software Corporation, IBM Corporation, The Sage Group PLC, IQMS Inc. and Others
Click the link to get a Sample Copy of the Report:
Scope of the Report
Enterprise resource planning (ERP) is the integrated management of core business processes, often in real time and mediated by software and technology. ERP is usually referred to as a category of business-management software, typically a suite of integrated applications that an organization can use to collect, store, manage, and interpret data from various business activities.
Key Market Trends
Hybrid Deployment Mode to Hold Significant Share
The increasing availability of Big Data, enabled through cloud computing, increasing demand for better end-user experience, and functional leaders gaining greater influence over IT investments are some of the major factors driving the growth of the hybrid model.
Hybrid ERP is also called a two-tier model, where a combination of core on-premise ERP capabilities are combined with cloud capabilities in areas, such as collaboration, customer relationship management (CRM), and sales.
Some industries, such as business services, professional services, and digital media, may not be served well by integrated, on-premise ERP solutions, as they tend to focus on asset and product-centric industries. Hybrid ERP solutions can better help these sectors. Also, when compared to strict cloud-based solutions, hybrid ERP systems boast of much less training costs.
The shift to hybrid ERP systems can be seen in the speed and degree of new business software investment in cloud-based SaaS applications. Net new license revenues for traditional ERP systems have been declining, since 2013. Even the traditional ERP vendors SaaS revenues are expected to surpass their revenues from legacy ERP sales. That may ultimately cut back on revenues from maintenance and likely weaken their earnings as well, given the lower margins to be gained from SaaS sales.
Inquire for Discount:
North America Region to Hold Major Share
North America is one of the important markets for ERP vendors, mainly due to the early adoption and high rate of advanced developments in the regional ERP market. Furthermore, the high rate of ERP adoption among a wider range of industries in the region is also fueling the regional demand.
The rising need for internal process efficiency, primarily through digital methods, is one of the major driving forces for ERP adoption in the region. According to the IFS AB report, 41% of the companies in the United States invest in ERP solutions to mainly upgrade their internal process efficiency.
The regional end-user industries are also adopting advanced technologies. This is expected to fuel the demand for ERP software for better functionality.
In April 2018, PSA Airlines, the fastest-growing regional operator in North America, adopted IFS Maintenix to support its enterprise-wide fleet maintenance management needs, including complete lifecycle MRO functionality across several departments.
Browse the Full report description and TOC at:
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Enterprise Resource Planning Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2025 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Media Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
firstname.lastname@example.org | email@example.com