Enterprise Resource Planning (ERP) Market 2022 Share, Size,

According to the latest report by IMARC Group, titled “Enterprise Resource Planning (ERP) Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, the global market size of enterprise resource planning (ERP) hit the US dollar. 41.8 billion in 2021. Looking ahead, IMARC Group expects the market to reach $70.6 billion by 2027, growing at a growth rate (CAGR) of 9.7% during of the period 2022-2027.

Enterprise Resource Planning (ERP) refers to business management software that collects, stores, manages, interprets and processes different organizational data in a unified system. It provides an up-to-date view of business operations, which enables management of basic, end-to-end, real-time activities such as purchase orders, supply chain operations, marketing, strategic planning, raw material sourcing, payroll and compliance. EPR offers efficient communication, reduced capital expenditure, improved project lifecycle management and accurate data reporting.

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Global Enterprise Resource Planning (ERP) Market Trends:

Growing need for operational efficiency and transparency along with increasing digitization of business functionality are mainly driving the growth of the global ERP market. Widespread adoption of ERP in the healthcare sector to minimize clinical errors and effectively monitor administrative tasks is further contributing to the growth of the market. Additionally, the growing use of ERP by small and medium-sized businesses to make data-driven decisions is acting as a growth driver. Apart from this, the sudden outbreak of Coronavirus disease (COVID-19) is positively influencing the adoption of the products, as the cloud-based system effectively helps businesses to maintain business operations, electronic data exchange and automated reports via remote access. Going forward, the market is expected to reach US$70.6 billion by 2027, growing at a CAGR of 9.7% during the period 2022-2027.

Ask the analyst and browse the full report with table of contents and list of figures: https://www.imarcgroup.com/enterprise-resource-planning-market

List of key companies covered in this market report:

Epicor Software Corporation (KKR & Co. Inc.)
International Commercial Machinery Society
Kronos Incorporated (Hellman & Friedman LLC)
Microsoft Corporation
Oracle Corporation
SAP SE
The Sage Group Plc
TOTVS S.A.
Unit 4 (Advent International)
Workday Inc.
Yonyou Network Technology Co.Ltd.

Ask the analyst and browse the full report with table of contents and list of figures: https://www.imarcgroup.com/enterprise-resource-planning-market

The report has segmented the market based on component, business segment, deployment type, organization size, vertical, and geography.

Breakdown by component:

Solutions
Services

Breakdown by business sector:

Sales and Marketing
Finance and Accounting
Order management
Others

Breakdown by type of deployment:

On the site
Cloud-based

Breakdown by organization size:

Large organizations
Small and medium organizations

Vertical distribution:

BFSI
Manufacturing
Health care
Education
Government
Automotive
Others

Geographical distribution :

North America (USA and Canada)
Europe (Germany, UK, France, Italy, Spain, Russia and others)
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
Latin America (Brazil, Mexico)
Middle East and Africa

Main highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter’s Five Forces Analysis
Market drivers and success factors
SWOT analysis
Value chain
Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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