ERP Software market has been growing rapidly from past few years and as a result, Global ERP Software is estimated to reach at USD 47 billion by the end of year 2022 with 7% of compound annual growth rate.
Market Research Future published a research report on “Global ERP Software Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Market Synopsis of ERP Software Market
ERP or Enterprise Resource Planning software used in the organization to monitor the certain activities and keep the record of it.
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Study Objective of ERP Software Market
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global ERP Software Market
- To provide insights about factors affecting the market growth
- To analyze the ERP Software market based on various factors- value chain analysis, porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by solutions, by domain, by end users and sub-segments
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global ERP Software Market
Segmentation by Installation: On Cloud & On Premises.
Segmentation by Application: CRM, Sales, Business Intelligence, Accounting, HR among others.
Segmentation by Industry Verticals: BFSI, Manufacturing, IT, Communication, Entertainment, Healthcare
North America is dominating the global ERP software market. factors such as presence of global players and nations such as of U.S.
and Canada gives North America competitive advantage over other countries. Also, adoption rate of software in the business process in the organizations is giving boost to the North America ERP software market.
Europe stands as second biggest market due to the growing BFSI and automotive industry. Asia Pacific has emerged as fastest growing market due to the growing manufacturing and semiconductor industry in China, Japan, Taiwan and South Korea.
The key players in the market of ERP software are- SAP SE (Germany), Oracle (U.S.), Infor (U.S.), Microsoft (U.S.), Epicor (U.S.), QAD (U.S.), Sage (UK), NetSuite Inc. (U.S.), Consona Corp. (U.S.), Syspro (South Africa) among others.
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- In September 2016, Syspro announced update of its ERP software which will be helpful to manufacturers and distributors.
- In July 2016, Sage announced update for cloud-based solutions which will be helpful for accountants and entrepreneurs.
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