Sarasota, FL -- (SBWIRE) -- 07/06/2018 -- Enterprise Resource Planning Technologies Market: Overview

ERP systems track the exploitation of resources, work-flow schedules, diagnose trouble codes and track preventive programs, this process helps in better understanding of the total cost of operation on a real-time basis. ERP can help any enterprise to do business in this mobile world. One of the key benefits of ERP systems is that it helps in the termination of work directly and modifies the inventory to ensure new business orders to keep it updated on day-to-day basis.

Enterprise Resource Planning Technologies Market: Market Dynamics

Internet penetration and expanding mobile users are the key drivers of Enterprise resource planning technologies market. In addition, increased adoption of ERP solutions for better management, real time data analytics and consistent data availability across the business for faster decision making are other few drivers anticipated for the market for the forecasted period.

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Difficulties in customization according to customer needs, cost associated with integrating several existing systems into one system and cost of implementing are the factors which are expected to hinder the growth of the market.

Segmentation based on the application:

On the basis of the application, the market is segmented as accounting and finance management, human resource management, procurement and order management, customer relationship management, supply chain management and others.

Segmentation based on the deployment type:

On the basis of the deployment type, the market is segmented as on-premise and cloud-based deployment.

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Segmentation based on the organization size:

On the basis of the size of the organization, the market is segmented as small enterprises, medium enterprises and large enterprises. Size refers to the number of employees.

Segmentation based on the industry verticals:

On the basis of the industry vertical, the market is segmented as manufacturing, BFSI (Banking, Financial services and Insurance), healthcare, retail and consumer goods, government and education, transportation and logistics, IT and telecom and others.

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Segmentation based on the regions:

North America accounts for the largest market share of the global ERP market owing to technological advancements, organizations' complete dependence on technologies, rising mobile tools play a vital role in enabling the ERP software systems to grow. Europe and Asia-Pacific follow North America in terms of market share by volume.

Enterprise Resource Planning Technologies Market: Competitors

Few of the key players in the Enterprise resource planning technologies include SAP SE, Oracle Corporation, Microsoft Corporation, NetSuite Inc., SYSPRO, Software Corporation, International Business Machines Corporation (IBM), The Sage Group PLC, and IQMS.

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Enterprise Resource Planning Technologies Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa