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The global enterprise resource planning (ERP) market reached a value of US$ 42.6 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.2% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
The enterprise resource planning (ERP) platform shares a standard process and data model that assists in integrating different administrative and operational business processes into a unified system. It manages core end-to-end real-time business activities, such as finance, accounting, procurement, order management, supply chain operations, and risk management and compliance. Consequently, it improves efficiency, lowers risks, fosters collaboration and enhances supply chain management. Nowadays, several companies are offering cloud-based ERP solutions as they help organizations minimize both operational and capital expenses.
The increasing digitization of business processes represents one of the key factors escalating the demand for ERP solutions to automate tasks and streamline information in various departments. Additionally, it integrates financial processes, synchronizes human resource management, supports services, provides managers with powerful analytics from various construction processes and assists in effectively managing the full lifecycle of a project. As a result, it is employed in the banking, financial services and insurance (BFSI) sector worldwide. Apart from this, it finds application in the healthcare industry as it minimizes clinical errors, helps provide better patient care, and monitors clinical and administrative costs. Moreover, rising construction activities are further bolstering the market growth. Furthermore, due to the coronavirus disease (COVID-19) outbreak and consequent lockdowns imposed by governments of several countries, there is a rise in the adoption of remote working models and e-commerce channels. This is driving the demand for cloud-based ERP solutions to remotely manage complex systems, increase security, meet compliance standards and access data in real-time.
IMARC Group provides an analysis of the key trends in each sub-segment of the global enterprise resource planning (ERP) market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on component, business segment, deployment type, organization size and vertical.
Breakup by Component:
Breakup by Business Segment:
Breakup by Deployment Type:
Breakup by Organization Size:
Breakup by Vertical:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Epicor Software Corporation (KKR & Co. Inc.), International Business Machines Corporation, Kronos Incorporated (Hellman & Friedman LLC), Microsoft Corporation, Oracle Corporation, SAP SE, The Sage Group Plc, TOTVS S.A, Unit4 (Advent International), Workday Inc. and Yonyou Network Technology Co. Ltd.
|Base Year of the Analysis||2020|
|Segment Coverage||Component, Business Segment, Deployment Type, Organization Size, Vertical, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Epicor Software Corporation (KKR & Co. Inc.), International Business Machines Corporation, Kronos Incorporated (Hellman & Friedman LLC), Microsoft Corporation, Oracle Corporation, SAP SE, The Sage Group Plc, TOTVS S.A, Unit4 (Advent International), Workday Inc. and Yonyou Network Technology Co. Ltd.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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