The global enterprise resource planning market was valued at $43.72 billion in 2020, and is projected to reach $117.09 billion by 2030, growing at a CAGR of 10.0% from 2021 to 2030. Enterprise resource planning (ERP) solutions are used by companies to help them manage their business operations and processes more efficiently. Presently, an ERP solution’s business functions have shifted from minor aid and planning operations to entire business process integration, involving crucial responsibilities such as hiring and decision-making. An ERP software is made up of numerous software modules, each of which focuses on a certain business activity such as material purchasing, inventory control, accounting, finance, and HR. These modules can be customized to meet the needs of the organization.
The outbreak of COVID-19 is anticipated to provide remunerative opportunities for the market expansion during the forecast period. This is attributable to rise in digital transformation trend in the enterprises, upsurge in demand for ERP solutions that are hosted or managed in the cloud, and rapid increase in problems due to disruption of the supply chain in the manufacturing sector. Moreover, during the post pandemic, companies will focus more on solutions, which will support advanced planning and mitigate the impact of similar events in the future. Hence, the companies are expected to invest heavily in the ERP software.
Rise in need for operational efficiency and transparency in business processes and increase in demand for ERP software from small & medium enterprises boost the growth of the global ERP market. In addition, surge in adoption of cloud and mobile applications is positively impacting the growth of the ERP market. However, availability of open-source ERP applications and high implementation cost of ERP software technology hamper in the growth of ERP market. On the contrary, rise in application of ERP solution in small & medium enterprises and rapid transformation of modern business models are expected to offer remunerative opportunities for expansion of the enterprise resource planning market during the forecast period.
The global Enterprise Resource Planning Technologies market is expected to rise with an impressive CAGR and generate the highest revenue by 2027. Zion Market Research in its latest report published this information. The report is titled Enterprise Resource Planning Technologies Market “. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. It also offers an exclusive insight into various details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.
The Report Lists the Key Companies in the Enterprise Resource Planning Technologies Market:
Oracle Corporation, Microsoft Corporation, IBM Corporation, SAP SE, Infor, Sage Group Plc, NetSuite Inc., SYSPRO, Unit4
The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Enterprise Resource Planning Technologies market trends. The report is available for sale on the company website.
Further, the report acknowledges that in these growing and promptly enhancing market circumstances, the most recent advertising and marketing details are very important to determine the performance in the forecast period and make essential choices for profitability and growth of the Enterprise Resource Planning Technologies. In addition, the report encompasses an array of factors that impact the growth of the Enterprise Resource Planning Technologies in the forecast period. Further, this specific analysis also determines the impact on the individual segments of the market.
Product Types: Cloud, On-Premises, And Hybrid
On the Basis of Application: Customer Relationship Management, Supply Chain Management, Supplier Relationship Management, Finance & Accounting Management, Human Resource Management, Risk Management, Project Portfolio Management, And Manufacturing
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Regional Analysis for Enterprise Resource Planning Technologies Market :
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Enterprise Resource Planning Technologies Market :
4.Key Enterprise Resource Planning Technologies Market Insights
5.Global Market Analysis, Insights and Forecast, 2015-2027
6.North America Market Analysis, Insights and Forecast, 2015-2027
7.Europe Market Analysis, Insights and Forecast, 2015-2027
8.Asia Pacific Market Analysis, Insights and Forecast, 2015-2027
9.The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2027
10.Latin America Market Analysis, Insights and Forecast, 2015-2027
12.Global Enterprise Resource Planning Technologies Market Revenue Share Analysis, By Key Players, 2021
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