LONDON, April 16, 2018
/PRNewswire/ -- Report Scope:
This research study includes market information on Enterprise
Resource Planning (ERP) software and its key segments including
applications, deployment, organization size, industry verticals and
regions.
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The use of ERP for different business applications is the core
market segment that covers accounting and finance management, human
resource management, procurement and order management, customer
relationship management and supply chain management.Other
applications include warehouse management and business
intelligence.
The ERP market is also bifurcated by deployment type, i.e.,
on-premise and cloud-based deployment.
The ERP market is also segmented into small and medium enterprises
and large enterprises based on its implementation in different
sized organizations; organization size is is based on the number of
employees. The SMEs segment is considered to be the enterprises
comprised of between ten and 500 employees, while organizations
which have more than 500 employees are considered to be in the
large enterprises segment.
The ERP market is also segmented by vertical, including
manufacturing, BFSI (Banking, Financial services and Insurance),
healthcare, retail and consumer goods, government and education,
transportation and logistics, and IT and telecom.Professional
services, energy and utility, chemicals and some other industries
are considered in the "other" industries segment.
The regional analysis of the market includes North America, Europe, Asia-Pacific and Rest of the World (ROW).
Revenue forecasts from 2017 to 2022 are given for all of the
above-mentioned segments in the ERP market with estimated values
derived from solution providers' total revenue.
The report also includes a discussion of the major players across
each regional market.Further, it explains the major drivers and
market dynamics of the market and current trends within the
industry.
The report concludes with a special focus on the vendor landscape
and includes detailed profiles of the major vendors in the global
ERP market.
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
Summary
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.
According to BCC Research estimates, the global ERP technologies
market was valued at nearly $36.5
billion in 2016 and is estimated to grow at a CAGR of
REDACTED% to reach $REDACTED billion by 2022.
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.
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.
North America accounts for the
largest market share of the global ERP market, followed by
Europe and Asia-Pacific. Major players include SAP,
Oracle, Microsoft, Sage Software Solutions, Epicor Software and
Infor.
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