Enterprise Resource Planning (ERP) Market Size is Projected to Reach USD 60230 Million by 2026 | Valuates Reports
BANGALORE, India, Sept. 10, 2020 /PRNewswire/ -- Major factors driving the growth of ERP market size are higher adoption of ERP software to improve organizational accountability and operational performance, higher demand for data-driven decision-making, and higher adoption of cloud and mobile apps.
The ERP market report focuses on the sector's growth prospects, constraints, and opportunities. The study provides Porter's five forces analysis of the ERP industry to understand the impact of various factors such as suppliers' bargaining power, competitive intensity of competitors, and the threat of new entrants.
The global Enterprise Resource Planning market size is projected to reach USD 60230 Million by 2026, from USD 43440 Million in 2020, at a CAGR of 5.6% during 2021-2026.
Get Free Sample on ERP Market: https://reports.valuates.com/request/sample/QYRE-Auto-14H2405/Global_Enterprise_Resource_Planning
TRENDS INFLUENCING THE ERP MARKET SIZE
The increase in the need for operational efficiency and transparency in business processes drives the growth of the ERP market size.
An increase in the adoption of cloud and mobile applications is expected to increase the ERP market size's growth. Cloud-based systems reduce the company's IT computing costs. This is the prime reason why businesses are rapidly embracing cloud-based technology. As mobile devices have become an integral part of the working culture, companies are investing in cloud-connected mobile apps as they provide access to information at any time and anywhere.
Traditional ERP technology has been applied for several decades, but increased adoption of advanced technologies such as IoT, AI, and large-data analytics has led to ERP market size growth. Rising technological advances are expected to generate many opportunities for the ERP market in Asia-Pacific countries, such as India, China, Australia, and Singapore.
Furthermore, the growing demand for ERP among small and medium-sized enterprises are propelling the ERP market size.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-14H2405/global-enterprise-resource-planning
ERP MARKET SHARE ANALYSIS
North America is expected to hold the largest ERP market share during the forecast period. This dominance of ERP is attributed to the penetration of new industries, growing economies, and new emerging markets. In addition, this region's businesses are moving from on-site to cloud-enabled ERP applications due to its low-cost deployment and maintenance. The emergence of a large number of cloud ERP solution vendors across the United States and Canada is expected to deliver lucrative business opportunities.
Asia-Pacific is expected to witness the highest growth rate during the forecast period. This rapid growth is due to the large presence of small and medium-sized enterprises turning to host ERP solutions to efficiently manage their business processes, especially in developing countries such as China, India, and Singapore.
Based on Regional Analysis:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Inquire for Regional Data: https://reports.valuates.com/request/regional/QYRE-Auto-14H2405/Global_Enterprise_Resource_Planning
ERP MARKET SEGMENTATION
ERP Breakdown Data by Type
- On premise ERP
- Cloud-based ERP
ERP Breakdown Data by Application
- Manufacturing
- BFSI
- Healthcare
- Aerospace & Defense
- Telecom
- Others
Key Companies:
- SAP
- Oracle
- Sage
- Infor
- Microsoft
- Kronos
- Epicor
- IBM
- Totvs
- Workday
- UNIT4
- YonYou
- Cornerstone
- Kingdee
- Digiwin.
Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-14H2405&lic=single-user
Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-14H2405&lic=enterprise-user
SIMILAR REPORTS
- Cloud ERP Market
In 2018, the global Cloud-based ERP Market size was USD 14700 Million and it is expected to reach USD 40500 Million by the end of 2025.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-16C2741/covid-19-impact-on-cloud-based-enterprise-resource-planning-erp
- Global School ERP Market
The global ERP for Schools market size is projected to reach USD 18330 Million by 2026, from USD 10820 Million in 2020, at a CAGR of 9.2% during 2021-2026.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-9K2427/global-school-erp
- SaaS Based ERP Market
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-11L2855/covid-19-impact-on-saas-based-enterprise-resource-planning
- ERP Software Market
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-21A2224/global-education-enterprise-resource-planning-erp-software
- Integrated ERP System Market
View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-0I310/integrated-enterprise-resource-planning-system
- Education ERP Software Market
View Full Report: https://reports.valuates.com/market-reports/360I-Auto-6I144/the-global-education-enterprise-resource-planning-software
ABOUT US
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources
CONTACT US
Valuates Reports
[email protected]
For U.S. Toll-Free Call: 1-(315)-215-3225
For IST Call: +91-8040957137
WhatsApp : +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
Share this article