New York, NY -- (SBWIRE) -- 06/18/2019 -- This report on Enterprise Resource Planning (ERP) Market offers a detailed analysis of the trends along with the prospective growth of the same in the forecasted period. It evaluates the pricing, demand, growth, revenue, size and gross margin of the industry. For this study, the historical data has been collected from the years 2016 and 2017, taking the year 2018 as the base year and drawing a forecast for the years 2019 to 2026. The industry has seen a stable growth recently and its demand is projected to rise rapidly in the future.
Enterprise Resource Planning (ERP) is an integrated software suite that controls and manages various enterprise applications such as sales and marketing, HR, payroll, accounts and finance, supply chain, inventory, logistics and others on a single platform. It helps increase business productivity and simplifies an organization's various departmental functions. The global ERP technologies market was valued at nearly $36.5 billion in 2016
The growth of the ERP technologies market is driven by a surge in demand for cloud-based deployment among SMEs, centralized and real-time data control for better decision making, and operational improvement in various industrial sectors including manufacturing, retail, banking, logistics, government and others.Factors such as the high cost and complexity of system integration and a lack of awareness of product knowledge in underdeveloped nations are some of the major hurdles expected for the ERP market on its road to market penetration and development.
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Major Players in Enterprise Resource Planning (ERP)y Market are:
ADEPT BUSINESS SOLUTIONS, AFAS SOFTWARE, APPRISE SOFTWARE, INC., ASSOCIATED COMPUTER SOLUTIONS (PTY) LTD, EPICOR SOFTWARE CORPORATION, INFOR INC., IQMS.COM, MICROSOFT CORPORATION, ORACLE CORPORATIONt, QAD INC., QUALTEC SYSTEMS LTD, SALESFORCE.COM, INC, THE SAGE GROUP PLC, SAP SE, SMART ERP SOLUTIONS, INC., SYNERGIX TECHNOLOGIES, SYSPRO, UNIT4, WORKDAY, INC., WORKWISE LLC
The global market for ERP technologies has been segmented based on application, deployment, organization size, industry vertical and geography. Based on application, the market has been classified into accounting and finance management, human resource management, procurement and order management, customer relationship management, supply chain management and others. By deployment the market is categorized into on-premise and cloud. By organization size the market is bifurcated into SMEs and large enterprises.
Based on industry vertical, the ERP market has been segmented into manufacturing, BFSI, healthcare, retail and consumer goods, government and education, transportation and logistics, it and telecom and others (such as professional services, energy and utility and chemicals). On the basis of geography, the market has been segmented into North America, Europe, Asia-Pacific, and ROW.
Enterprise Resource Planning (ERP) Market Breakdown by deployment type,:
- on-premise
- cloud-based deployment
Enterprise Resource Planning (ERP) Market Breakdown by applications:
- accounting and finance management
- human resource management procurement
- order management
- customer relationship management
- supply chain management
- warehouse management
- business intelligence
Enterprise Resource Planning (ERP) Market Breakdown by industry vertical:
- BFSI (Banking, Financial services and Insurance)
- healthcare
- retail and consumer goods
- government and education
- transportation and logistics
- IT and telecom
- Professional services
- energy and utility
- chemicals
- other industries
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Report Includes:
- 37 data tables and 17 additional tables
- An overview of the global market for enterprise resource planning technologies
- Analyses of global market trends, with data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2022
- Discussion of the applications of ERP technologies in accounting and finance, human resource, procurement and orders, customer relationship, and supply-chain management
- Coverage of the ERP implementation processes, i.e. consulting and planning, design and development, testing and deployment, and maintenance services
- Analyses of deployment models, i.e., on-premise and cloud deployment
- Comprehensive company profiles of major players in the market including Afas Software, Microsoft Corporation, Oracle Corporation, Salesforce.Com, Inc, Sap Se, Smart Erp Solutions, Inc. and Synergix Technologies
Key Points From Table of Contents:
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Intended Audience
Methodology and Information Sources
Analysts' Credentials
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 ERP Technologies: Market Overview
Market Evolution
Current Market Overview
The ERP Implementation Process
Consulting and Planning
Design and Development
Testing and Deployment
Support and Maintenance Services
Global Market Drivers
Surge in Demand for Cloud-based Deployment Among SMEs
Centralized and Real-time Data Control for Better Decision Making
Operational Improvement in Various Industrial Sectors
Global Market Restraints
High Cost and Complexity in System Integration
Lack of Awareness and Product Knowledge in Underdeveloped Nations
Global Market Opportunities
ERP Operations on an IoT Platform
Continued…..
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