Enterprise Resource Planning (ERP) Market Report to 2027: A $70+ Billion Opportunity – IMARCGroup.com

The global enterprise resource planning (ERP) market will reach US$70.6 billion by 2027, growing at a growth rate (CAGR) of 9.7% during the period 2022-2027.

SHERIDAN, WYOMING, USA, July 29, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Enterprise Resource Planning (ERP) Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, the Global Enterprise Resource Planning (ERP) Market the size reached US$41.8 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$70.6 billion by 2027, showing a growth rate (CAGR ) by 9.7% over the period 2022-2027.

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

The Enterprise Resource Planning (ERP) platform combines different operational and administrative business activities into a single framework. It primarily manages core, end-to-end and in-the-moment operations while improving operational efficiency, reducing risk, encouraging collaboration, managing supply chain, and more. For this reason, ERP is frequently used by many companies to reduce total operating and capital costs.

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Market trends

The use of ERP solutions to automate operations and organize information across departments has increased due to the increasing digitization of many business processes. Additionally, ERP supports financial process integration, human resource management, provides managers with analytical support, and effectively manages the project life cycle. As a result, it is used more frequently in the global banking, financial services and insurance (BFSI) industry. Additionally, as the healthcare industry grows, there is an increased need for ERP to reduce clinical errors, improve patient care, and track clinical and administrative expenses. Additionally, the sudden outbreak of the COVID-19 pandemic has prompted some companies to adopt remote working arrangements on a large scale. Indeed, strict containment measures have been put in place as a result. Therefore, there is a growing need for cloud-based ERP solutions to remotely manage complex systems and to meet various compliance requirements to improve data protection.

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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.

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.

About Us

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

Elena Anderson
IMARC Services Private Limited
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