ERP Software Market Forecast 2020 – 2027 – Top Key Players Analysis

GMI Research market report focuses on providing an overview of the industry through detailed market segmentation. The report has information related to the overview and scope of the market followed by the key drivers, restraints, and emerging trends in the market. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country included in the study.

List of Significant Manufacturers in the ERP Software Market include:

  • Microsoft
  • Oracle Corporation
  • SAP SE
  • IBM Corporation
  • TOTVS S.A
  • Infor
  • Workday, Inc.
  • Sage Group Plc
  • SYSPRO
  • Epicor Software Corporation

ERP Software Market Drivers and Restraints:

The factors responsible for the growth of the global ERP software market include the growing penetration of mobile and cloud applications, which is leading to an increase in adoption of ERP software as it offers in decreasing the cost of maintaining & supporting the applications and enables reducing the IT support services as the support is provided by the data center. Moreover, the growing implementation of ERP software among the small and medium-sized enterprises to improve the efficiency & business insight and growth in the technological advancements in the software such as the implementation of artificial intelligence and IoT are certain factors bolstering the growth of the global ERP software market in the upcoming years.

Numerous benefits, along with the use of ERP software such as it helps in decreasing errors & duplication, improve customer service, streamline the operations, coupled with improvement in the financial consolidation, optimization of the supply chain, and enhanced efficiency will attract many end-users to opt for ERP software. Rising penetration of IT technologies in developing countries such as India and China is leading to a shift in consumer behavior, which will also lead to an adoption of ERP software to raise profitability and flexibility. This factor is fuelling the growth of ERP software in the market. The factor hampering the growth of the global ERP software market includes the high cost of installation of the software.

Segmentation: ERP Software Market

ERP Software Market: By Deployment Model

  • Cloud
  • On-Premise
  • Hybrid

ERP Software Market: By Component

  • Software
  • Services

ERP Software Market: By Business Function

  • Supply Chain
  • Human Resource
  • Finance
  • Inventory Management
  • Customer Management
  • Manufacturing Module
  • Others

ERP Software Market: By Enterprise Size

  • Small & Medium Enterprises
  • Large Enterprises

ERP Software Market: By Industry

  • Manufacturing
  • BFSI
  • Healthcare
  • Government & Utilities
  • Retail & Distribution
  • Aerospace & Defense
  • IT & Telecom
  • Construction
  • Others

ERP Software Market: By Region

  • North America

o United States of America

o Canada

  • Asia Pacific

o China

o Japan

o India

o Rest of APAC

  • Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

  • RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

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