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Global Enterprise Resource Planning Market 2021 Share, Growth by Top Company, Region, Application, Driver, Trends & Forecast

Enterprise Resource Planning

The report focuses on the favorable Global “Enterprise Resource Planning market” and its expanding nature. The Enterprise Resource Planning market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The global enterprise resource planning market was valued at USD 36.49 billion in 2018, and is expected to reach a value of USD 60 billion by 2024, at a CAGR of 8.66% over the forecast period (2019-2024). With digitization and businesses becoming global, firms have to tackle multiple vendors from different regions, inventory, manufacturing, scheduling, resource planning, raw materials, semi-finished and finished goods, customers, retailers, and numerous other units.
  • ERP brings in seamless integration. Every industry’s business process is different and unique, which makes different ERP solutions applicable to each of them.
  • The cloud-based ERP systems are gaining momentum in the market space, as they offer the benefits of simplicity and lower cost of ownership, over the conventional on-premise and hosted solutions.
  • Organizations increasingly rely on ERP to support a span of business processes, such as inventory management, manufacturing, financial planning, sales, logistics, payroll, and billing, among others.
  • Their very nature makes these ERP applications host sensitive information, including financial information, intellectual property, credit cards, and personally identifiable information (PII) from employees, suppliers, and customers. Thus, any downtime of the core ERP system of an enterprise can be catastrophic. Outages and theft, caused by hackers, caused by hardware or software failures have, thus, become a major concern.

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    Key Manufacturers

  • SAP SE
  • Oracle Corporation
  • Microsoft Corporation
  • Plex Systems Inc.
  • Syspro (Pty) Ltd.
  • Infor Inc.
  • Epicor Software Corporation
  • IBM Corporation
  • The Sage Group PLC
  • IQMS Inc.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Enterprise Resource Planning market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Enterprise Resource Planning market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Enterprise Resource Planning market have also been involved in the study.

    Scope of the Report:

  • Enterprise resource planning (ERP) is the integrated management of core business processes, often in real time and mediated by software and technology. ERP is usually referred to as a category of business-management software, typically a suite of integrated applications that an organization can use to collect, store, manage, and interpret data from various business activities.
  • ERP provides an integrated and continuously updated view of core business processes using a common database maintained by a database management system. ERP systems track business resources, cash, raw material, production capacity, and the status of business commitments, orders, purchase orders, and payroll. The applications that make up the system share data across various departments (manufacturing, purchasing, sales, accounting, etc.) that provide the data. ERP facilitates information flow between all business functions and manages connections to outside.

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    TOC of Enterprise Resource Planning Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Enterprise Resource Planning market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Enterprise Resource Planning Market Report Covered:

    • The report analyses how Enterprise Resource Planning market will grow in the future.
    • Analyzing various perspectives of the Enterprise Resource Planning market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Enterprise Resource Planning market shares and policies employed by the major market players.
    • Competitive landscape including the Enterprise Resource Planning market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Enterprise Resource Planning market players

    Key Market Trends:

    Hybrid Deployment Mode to Hold Significant Share

    The increasing availability of Big Data, enabled through cloud computing, increasing demand for better end-user experience, and functional leaders gaining greater influence over IT investments are some of the major factors driving the growth of the hybrid model.
    Hybrid ERP is also called a two-tier model, where a combination of core on-premise ERP capabilities are combined with cloud capabilities in areas, such as collaboration, customer relationship management (CRM), and sales.
    Some industries, such as business services, professional services, and digital media, may not be served well by integrated, on-premise ERP solutions, as they tend to focus on asset and product-centric industries. Hybrid ERP solutions can better help these sectors. Also, when compared to strict cloud-based solutions, hybrid ERP systems boast of much less training costs.
    The shift to hybrid ERP systems can be seen in the speed and degree of new business software investment in cloud-based SaaS applications. Net new license revenues for traditional ERP systems have been declining, since 2013. Even the traditional ERP vendors’ SaaS revenues are expected to surpass their revenues from legacy ERP sales. That may ultimately cut back on revenues from maintenance and likely weaken their earnings as well, given the lower margins to be gained from SaaS sales.

    North America Region to Hold Major Share

    North America is one of the important markets for ERP vendors, mainly due to the early adoption and high rate of advanced developments in the regional ERP market. Furthermore, the high rate of ERP adoption among a wider range of industries in the region is also fueling the regional demand.
    The rising need for internal process efficiency, primarily through digital methods, is one of the major driving forces for ERP adoption in the region. According to the IFS AB report, 41% of the companies in the invest in ERP solutions to mainly upgrade their internal process efficiency.
    The regional end-user industries are also adopting advanced technologies. This is expected to fuel the demand for ERP software for better functionality.
    In April 2018, PSA Airlines, the fastest-growing regional operator in North America, adopted IFS Maintenix to support its enterprise-wide fleet maintenance management needs, including complete lifecycle MRO functionality across several departments.

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    Study objectives of Enterprise Resource Planning Market Report:

    • To provide a detailed analysis of the market structure along with the Enterprise Resource Planning market forecast of various segments and sub-segments of the Enterprise Resource Planning market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Enterprise Resource Planning market trends that influence the global Enterprise Resource Planning market

    Detailed TOC of Enterprise Resource Planning Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Demand for Cloud-Based ERP Solutions
    4.3.2 Need for Operational Efficiency and Transparency in Business Processes
    4.4 Market Restraints
    4.4.1 Increasing Number of Cyberattacks on ERP Applications
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porters Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Deployment
    5.1.1 On-premise
    5.1.2 Cloud
    5.1.3 Hybrid
    5.2 By End-User Industry
    5.2.1 Retail
    5.2.2 Manufacturing
    5.2.3 BFSI
    5.2.4 Government
    5.2.5 IT and Telecom
    5.2.6 Healthcare
    5.2.7 Military and Defense
    5.2.8 Other End-user Industries
    5.3 Geography
    5.3.1 North America
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.4 Latin America
    5.3.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 SAP SE
    6.1.2 Oracle Corporation
    6.1.3 Microsoft Corporation
    6.1.4 Plex Systems Inc.
    6.1.5 Syspro (Pty) Ltd.
    6.1.6 Infor Inc.
    6.1.7 Epicor Software Corporation
    6.1.8 IBM Corporation
    6.1.9 The Sage Group PLC
    6.1.10 IQMS Inc.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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