Market Research Store: Published latest report on "Global ERP Software Market Outlook (2014-2022)" into their database.
Deerfield Beach, FL -- (SBWIRE) -- 12/11/2015 -- The Global ERP Software market is projected treach $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 tolittle customization are some of the key factors inhibiting the growth of ERP Software market.
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Asia-Pacific would evident tbe one of the most productive markets in terms of growth. On-premise ERP software would continue thave a larger market share occupying more than 50% of the global market through the forecast period. Among the various modules, finance module is estimated tdrive the ERP software market by the year 2022, and would contribute tnearly one third of the overall market revenue. Workday, Workforce Software, Cornerstone OnDemand and NetSuite are the five fastest-growing ERP vendors worldwide since 2012. SAP retained its market leadership position in 2013, followed by Oracle, Infor and Microsoft.
The key players in the global ERP software market are Microsoft Corporation, SAP, IBM, NetSuite Inc., Epicor, Adonix, Oracle, Sage Group Plc., Infor and Lawson
Deployment type Covered:
- On cloud
- On Premise
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- Human Resource
- Supply Chain
- Telecom and IT
- Government and Public Utilities
- Banking, Financial Services and Insurance (BFSI)
- Aerospace, defense and Intelligence
- North America
- Asia Pacific
- New Zealand
- Rest of Asia
- Rest of the World
- Latin America
- Middle East