ERP Software Global Market Expected to Reach $47.71 Billion with 7.0% CAGR Forecast to 2022
The Global ERP Software market is projected to reach $47.71 billion by 2022 growing at a CAGR of 7.0% during the forecast period. Some of the key drivers for the market growth include reduced operational cost in IT, surge in cloud technology and data transparency on real-time basis, whereas high costs of ERP software, time-consuming ERP deployments and too little customization are some of the key factors inhibiting the growth of ERP Software market.
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