Market Research Report
Enterprise Resource Planning Market by Component, Deployment Model, Business Function, End User, and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2019-2027
|Enterprise Resource Planning Market by Component, Deployment Model, Business Function, End User, and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2019-2027|
Published: May 13, 2021
Allied Market Research
Content info: 384 Pages
Delivery time: 2-3 business days
Enterprise resource planning (ERP) is a software that enables organizations to manage and automate their business processes. This software has been widely used for back-office operations, which include inventory control production, order management, accounting, human resource (HR), and others. An ERP software system comprises several software modules, and each ERP module is focused on a particular departmental area, such as inventory control, finance, material purchasing, marketing, HR, and accounting. These modules can be customized according to the business requirement of the organization. In addition, ERPs have witnessed increased adoption, as they offer effective planning and streamlining of data under one platform, which helps in regulating operational costs, increase sales, and enhance decision-making. The adoption of ERP software is expected to increase in the upcoming years with the rise in focus of modern SMEs toward improving their operational and business process efficiency. This is anticipate to fuel the growth of the ERP software market.
Rise in need for operational efficiency & transparency in business processes, increase in demand for data-driven decision-making, and surge in adoption of cloud & mobile applications are the major factors that fuel the growth of the enterprise resource planning market. However, higher investment and maintenance costs and availability of open source applications are expected to hinder the Enterprise resource planning market growth. On the contrary, increase in demand for ERP among small & medium enterprises and technological advancements in ERP are expected to provide lucrative opportunities for the market growth in the coming years.
The enterprise resource planning market is segmented on the basis of component, deployment model, business function, industry vertical, end user, and region. On the basis of component, the market is bifurcated into software and service. Based on deployment model, the market is categorized into on-premise, cloud, and hybrid. Depending on business function, it is classified into finance, human resource (HR), supply chain, customer management, inventory management, manufacturing module, and others. As per end user, it is divided into large enterprises, medium enterprises, and small enterprises. By industry vertical, it is segregated into manufacturing, BFSI, healthcare, retail & distribution, government & utilities, IT & telecom, construction, aerospace and defense, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the enterprise resource planning market include SAP SE, Oracle Corporation, Sage Group plc, Workday, Inc., Infor, Epicor Software Corporation, SYSPRO , Microsoft Corporation, IFS, and Deskera.
BY DEPLOYMENT MODEL
BY BUSINESS FUNCTION
BY INDUSTRY VERTICAL
By End User