Global Enterprise Resource Planning Software Market Analysis Highlights Impact of COVID-19 2020-2024 | Increase in Demand for Cloud Based Applications to Drive Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio monitors the global enterprise resource planning software market size and it is poised to grow by USD 19.52 billion during the period 2020-2024, growing at a CAGR of nearly 9 % over the forecast period. The report offers up-to-date analysis regarding the current market scenario, latest trends and drivers, and overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, many others will remain unscathed and show promising growth opportunities. Technavio’s in-depth research covers all your needs, as our research reports include all foreseeable market scenarios, including pre and post-COVID-19 analysis. Download a Free Sample COVID-19 Impacts Report

Frequently Asked Questions:

  • What was the size of the enterprise resource planning software market in 2019?

    A.
    According to Technavio, the global ERP software market size was USD 38.71 billion in 2019 and is expected to reach USD 58.23 billion by 2024.
  • Based on segmentation by type, which is the leading segment of the market?

    A. Cloud-based ERP software.
  • What is the key factor driving the market?

    A. Growing demand for cloud-based applications will drive ERP software market growth
  • How fast is the market expected to grow?

    A. The market is expected to grow at a CAGR of almost 9% during the forecast period.
  • Who are the best market players?

    A. Acumatica Inc., Epicor Software Corp., IFS AB, Infor Inc., Microsoft Corp., Oracle Corp., Sage Group Plc, Salesforce.com Inc., SAP SE and ServiceNow Inc. are some of the major market players.
  • Which region is expected to hold the highest market share?

    A. North America

The market is fragmented and the degree of fragmentation will accelerate over the forecast period. Acumatica Inc., Epicor Software Corp., IFS AB, Infor Inc., Microsoft Corp., Oracle Corp., Sage Group Plc, Salesforce.com Inc., SAP SE and ServiceNow Inc. are some of the major market players. The growing demand for cloud-based applications will provide immense opportunities for growth. To make the most of the opportunities, sellers in the market should focus more on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Growing demand for cloud-based applications has been instrumental in driving the growth of the market. However, the growing number of cyber attacks might hamper the growth of the market.

Technavio’s custom research reports offer detailed insights into the impact of COVID-19 at the industry level, regional level, and subsequent supply chain operations. This custom report will also help clients track new product launches in direct and indirect markets related to COVID-19, upcoming vaccines and pipeline analysis, and important developments in vendor operations and regulations. governmental.

Enterprise Resource Planning Software Market 2020-2024: Segmentation

The Enterprise Resource Planning Software Market is segmented as follows:

  • Type

  • Geography

    • North America

    • Europe

    • APAC

    • AEM

    • South America

To learn more about global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44294

Enterprise Resource Planning Software Market 2020-2024: Scope

Technavio presents a detailed picture of the market through the study, synthesis and summation of data from several sources. the enterprise resource planning software market report covers the following areas:

  • Enterprise Resource Planning Software Market Size

  • Enterprise Resource Planning Software Market Trends

  • Enterprise Resource Planning Software Market Industry Analysis

This study identifies the advent of intelligent ERP as one of the major reasons for the growth of the enterprise resource planning software market over the next few years.

Technavio offers three forecast scenarios (optimistic, probable and pessimistic) considering the impact of COVID-19. Technavio’s extensive research has had a direct and indirect impact on market research reports on COVID-19.

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Enterprise Resource Planning Software Market 2020-2024: Key Highlights

  • Market CAGR over the forecast period 2020-2024

  • In-depth information on factors that will contribute to the growth of the Enterprise Resource Planning Software market over the next five years

  • Estimation of the Enterprise Resource Planning Software market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the enterprise resource planning software market

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Comprehensive details of factors that will challenge the growth of the Enterprise Resource Planning Software Market vendors

Contents:

Abstract

Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market Outlook: Forecast for 2019 – 2024

Five forces analysis

  • Summary of the five forces

  • The bargaining power of buyers

  • Bargaining power of suppliers

  • The threat of new entrants

  • The threat of substitutes

  • Threat of rivalry

  • Market state

Market segmentation by type

  • Market segments

  • Comparison by type

  • Cloud-based – Market size and forecast 2019-2024

  • On-site – Market size and forecast 2019-2024

  • Market Opportunity by Type

Customer landscape

Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • North America – Market size and forecast 2019-2024

  • Europe – Market size and forecast 2019-2024

  • APAC – Market size and forecast 2019-2024

  • MEA – Market size and forecast 2019-2024

  • South America – Market size and forecast 2019-2024

  • Main leading countries

  • Market Opportunity by Geography

Market Drivers – Demand Driven Growth

Market challenges

Market trends

Supplier Landscape

  • Supplier Landscape

  • Landscape disturbance

Vendor analysis

  • Suppliers Covered

  • Positioning on the supplier market

  • Acumatica inc.

  • Epicor Software Corp.

  • IFS AB

  • info inc.

  • Microsoft Corp.

  • Oracle Corp.

  • Sage Group Plc

  • Salesforce.com Inc.

  • SAP SE

  • ServiceNow Inc.

appendix

  • Report scope

  • Currency conversion rates for the US dollar

  • Research methodology

  • Abreviations list

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