Enterprise Resource Planning Market Growth, Demand and Challenges of the Key Industry Players 2028

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Global Enterprise Resource Planning (ERP) Market Research Report:

The latest report by IMARC, titled “ EnterpriseResourcePlanning(ERP)Market:GlobalIndustryTrends,Share,Size,Growth,Opportunity andForecast2023-2028

” " the global ERP market reached a value of US$ 46.0 Billion in 2022.

Enterprise resource planning (ERP) refers to a corporate management software that collects, stores, manages, interprets, and processes different organizational data into a unified system. It provides an updated view of business operations, which enables the management of core, end-to-end, real-time enterprise activities, such as purchase orders, supply chain operations, marketing, strategy planning, procurement of raw materials, payroll, and compliance. EPR offers effective communication, reduced capital expenses, enhanced management of a project lifecycle, and accurate data reporting.

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Global Enterprise Resource Planning (ERP) Market Trends:

The increasing need for operational efficiency and transparency, along with the rising digitization in corporate functionalities, is majorly driving the global ERP market growth. The widespread adoption of ERP in the healthcare sector to minimize clinical errors and effectively monitor administrative tasks is further contributing to the market growth. Moreover, the increasing utilization of ERP amongst small- and medium-sized enterprises to make data-driven decisions is acting as a growth-inducing factor.

Apart from this, the sudden outbreak of coronavirus disease (COVID-19) is positively influencing product adoption as the cloud-based system efficiently helps enterprises to sustain business operations, electronic data exchange, and automated reporting through remote access. Looking forward, the market is expected to reach US$ 76.3 Billion by 2028, exhibiting a CAGR of 9.4% during 2023-2028.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

Report Description Report Description and Highlights

MarketSummary:

ComponentInsights:

• Solutions

• Services

BusinessSegmentInsights:

• Sales and Marketing

• Finance and Accounting

• Order Management

• Others

DeploymentTypeInsights:

• On-premises

• Cloud-based

OrganizationSizeInsights:

• Large Organizations

• Small and Medium-Sized Organizations

VerticalInsights:

• BFSI

• Manufacturing

• Healthcare

• Education

• Government

• Automotive

• Others

RegionalInsights:

• North America

• United States

• Canada

• Asia Pacific

• China

• Japan

• India

• South Korea

• Australia

• Indonesia

• Others

• Europe

• Germany

• France

• United Kingdom

• Italy

• Spain

• Russia

• Others

• Latin America

• Brazil

• Mexico

• Others

• Middle East and Africa

Report Description Report Description and Highlights

CompetitiveLandscapewithKeyPlayers:

• 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.

• Yonyou Network Technology Co. Ltd.

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Report Description Report Description and Highlights

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