Enterprise Resource Planning (ERP) Market Overview, Trends, Opportunities, Growth and Forecast to 2020-2025

According to IMARC Group’s latest report, titled “Enterprise Resource Planning (ERP) Market Overview: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global enterprise resource planning (ERP) market to exhibit strong growth during the next five years.

The enterprise resource planning (ERP) platform integrates various administrative and operational business processes into a unified system. It primarily controls core, end-to-end, and real-time business activities, along with enhancing operational efficiency, reducing risks, fostering collaboration and supply chain management, etc. As a result, ERP is widely adopted across several organizations to minimize overall operational and capital expenses.

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Market Trends

The rising digitization of several business processes has escalated the adoption of ERP solutions to automate tasks and streamline information in various departments. ERP also helps in integrating financial processes, human resource management, providing analytical support to managers, and effectively managing project life cycle. As a result, it is increasingly being utilized in the banking, financial services, and insurance (BFSI) industry worldwide. Besides this, the expanding healthcare sector has led to the rising demand for ERP in minimizing clinical errors, improving patient care, and monitoring clinical and administrative costs. Additionally, the sudden outbreak of the COVID-19 pandemic has led to the implementation of stringent lockdown regulations resulting in the widespread adoption of remote working models across several organizations. As a result, there is an increasing demand for cloud-based ERP solutions for remote management of complex systems and to meet several compliance standards for enhanced data security.

Some of these key players include:

  • Epicor Software Corporation
  • International Business Machines Corporation
  • Kronos Incorporated
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • The Sage Group Plc
  • TOTVS S.A
  • Unit4 (Advent International)
  • Workday Inc.
  • Yonyou Network Technology Co. Ltd.

The report has segmented the market on the basis of component, business segment, deployment type, organization size, vertical and region.

Breakup by Component:

  • Solutions
  • Services

Breakup by Business Segment:

  • Sales and Marketing
  • Finance and Accounting
  • Order Management
  • Others

Breakup by Deployment Type:

  • On-premises
  • Cloud-based

Breakup by Organization Size:

  • Large Organizations
  • Small and Medium-Sized Organizations

Breakup by Vertical:

  • BFSI
  • Manufacturing
  • Healthcare
  • Education
  • Government
  • Automotive
  • Others

Explore full report with table of contents: https://www.imarcgroup.com/enterprise-resource-planning-market

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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