Global enterprise resource planning (ERP) market to reach $47.8 billion by 2026

FACTS AT A GLANCE
Editing: 6; Published: April 2021
Executive Pool: 29957
Companies: 43 – Players covered include Cornerstone OnDemand, Inc.; Info; Kronos, Inc.; Microsoft Corporation; Oracle Corporation; Sage Group plc; SAP SE; Totvs SA; UNIT4 SA; Workday, Inc.; WorkForce and other software.
Blanket: All major geographies and key segments
segments: End use (small business, large business, medium business); Segment (on-premises, cloud, hybrid)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.

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ABSTRACT-

Global enterprise resource planning (ERP) market to reach $47.8 billion by 2026
Amid COVID-19 crisis, Global Enterprise Resource Planning (ERP) Market Estimated at 36 billion US dollars in 2020, is expected to reach a revised size of US$47.8 billion by 2026, growing at a CAGR of 4.7% over the analysis period. On-site, one of the segments analyzed in the report, is expected to register a CAGR of 4.4% and reach US$33.7 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Cloud segment is readjusted to a revised CAGR of 5.4% for the next 7-year period.

The US market is estimated at $11.3 billion in 2021, when China is expected to reach $8.5 billion by 2026
The Enterprise Resource Planning (ERP) market in the United States is estimated at US$11.3 billion in the year 2021. China, the world’s second largest economy, is expected to reach a projected market size of US$8.5 billion by 2026 with a CAGR of 4.4% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 4.5% and 3.7% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 3.9%.

Hybrid segment to reach US$2.3 billion by 2026
In the global hybrid segment, United States, Canada, Japan, China and Europe will drive the CAGR of 4.9% estimated for this segment. These regional markets representing a combined market size of US$1.4 billion in the year 2020 will reach a projected size of US$1.9 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Following

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