The report of Global ERP Software Market by deployment module (on-premise, cloud and hybrid), organization size(large enterprises and small &medium enterprises), business function (finance, human resource (HR), supply chain, customer management, inventory management, manufacturing module and others), vertical (manufacturing, BFSI, healthcare, retail & distribution, government & utilities, it & telecom, construction, aerospace and defense and others), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 80.60 Bn by 2027, at a CAGR of 11.98% during a forecast period.
The ERP software offers efficient resource management and integration of organizational activities. Implementation of ERP is increasing the operational efficiency and delivers the competitive edge to enterprises. The ERP software contains several ERP modules like sales, finance, HR, marketing, among others.
The on-premise segment is expected to grow at a XX% rate of CAGR during the forecast period.
By deployment model, the on-premise segment is expected to share significant growth in the global ERP software market. The growth in the market is attributed to the numerous benefits, which are provided by ERP software like end-to-end control of ERP software, maintain IP within the organization and implementation of the significant customization. A large number of enterprises across the globe are adopting on-premise deployment model at a wide scale for storing and securing their data.
The Asia Pacific region is expected to share XX% market growth followed by North America.
The ERP software market is expected to grow at a XX% rate of CAGR during the forecast period (2020-2027). The global ERP software market is segmented into the North America, Europe, Asia-Pacific, Latin America and Middle East& Africa. North America held the largest share in the global market because of the presence of large number of cloud ERP solution vendors and software providers across the developed countries like US and Canada. Furthermore, Asia Pacific region is expected to grow at XX% rate of CAGR during the forecast period. An extensive presence of small- and medium scale enterprises, which are turning towards the hosted ERP solutions to manage their business processes, predominantly in developing countries like China, India, and Singapore are expected to boost the market growth in the region .
Key players operating in the Global ERP Software Market includes SAP, Oracle, Intuit Inc., FIS Global, Fiserv, Microsoft, Cerner Corporation, IQVIA, Constellation Software Inc., Infor, ACI Worldwide, Active Network, Athenahealth, Avalara, Capita Software, CDK Global, Cegid, Acumatica, Amadeus, Aptean, CGI Group Inc., Cision, CompuGroup, CoStar Group, Cox Automotive, CSG Systems International, DATEV, NCR Corporation, NextGen Healthcare, Nuance Communications, OBIC Co. Ltd., RealPage, Reynolds and Reynolds Company, Roper Technologies, SABRE Corp, Sage and Salesforce.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global ERP Software Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global ERP Software Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global ERP Software Market positioning of competitors.
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