Enterprise Resource Planning Software Market | Insights into the crisis and the roadmap for recovery from the COVID-19 pandemic | Technavio

LONDON–(BUSINESS WIRE)–The global enterprise resource planning software market is expected to register incremental growth of USD 19.52 billion, growing at a CAGR of nearly 9% over the period 2020-2024, according to the latest research analysis from market carried out by Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the Enterprise Resource Planning Software market under optimistic, probable and pessimistic forecast scenarios.

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Amid COVID-19 crisis, the Reassessed and Updated Enterprise Resource Planning Software Market Report states:

  • The enterprise resource planning software market will witness a positive and higher impact during the forecast period owing to the sharp increase in the COVID-19 pandemic.

  • Due to the widespread spread of the virus across the world, the information technology industry is expected to have a mixed and direct impact

  • Additionally, according to Technavio’s pandemic-focused research highlights, market demand will show par growth due to increased infections and reduced economic activity.

Click here to learn more about the report’s detailed analysis and how you can leverage it to grow your business.

Enterprise Resource Planning Software Market Segmentation and Competitive Analysis

The enterprise resource planning software market is segmented by Type (Cloud-Based and On-Premise) and Geography (APAC, Europe, MEA, North America, and South America). Growing demand for cloud-based applications has been a driving factor in influencing the growth of the enterprise resource planning software market. Other market drivers include growing demand for ERP software from SMEs and increased operational efficiency associated with ERP software.

The market is fragmented. The report analyzes the competitive landscape of the market and offers insights on several vendors in the market including Acumatica Inc., Epicor Software Corp., IFS AB, Infor Inc., Microsoft Corp., Oracle Corp., Sage Group Plc, Salesforce.com Inc., SAP SE, and ServiceNow Inc. Additionally, Technavio offers custom research analysis on crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.

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Reasons to buy the report:

  • Technavio presents a detailed picture of the market through study, synthesis and summation of data from multiple sources.

  • The analysts presented the different facets of the market with a particular focus on identifying the main influencers of the industry.

  • The data thus presented is complete, reliable and the result of extensive research, both primary and secondary.

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Methodology

Sources of information:

Primary sources

  • Manufacturers and Suppliers

  • Partner channels

  • Industry specialists

  • Strategic decision makers

Secondary sources

  • Industry newspapers and periodicals

  • Government data

  • Financial reports from major industry players

  • Historical data

  • Press Releases

Data analysis:

Data summary

  • Data gathering

  • Estimation of key figures

  • Analysis of derived information

Data validation

  • Triangulation with data models

  • Reference to proprietary databases

  • Corroboration with industry experts

Writing reports:

Qualitative

  • Market factors

  • Market challenges

  • Market trends

  • Five forces analysis

Quantitative

  • Market size and forecast

  • Market segmentation

  • Geographic information

  • Competitive landscape

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.