Global ERP Software Market is Growing at a CAGR of 7.6% by 2022 - Orbis Research

According to Stratistics MRC, the Global ERP Software market is accounted for $28.27 billion in 2015 and is poised to reach $47.26 billion by 2022 growing at a CAGR of 7.6% during the forecast period 2015 to 2022. Some of the key drivers for the market growth include reduced operational cost in IT, surge in cloud technology and data transparency on real-time basis. However, high costs of ERP software and time-consuming ERP deployments are some of the factors inhibiting the ERP Software market.

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Asia-Pacific is expected to be one of the most productive markets in terms of growth.

On-premise ERP software would continue to have a larger market share occupying more than 50% of the global market during the forecast period. Among the various functions, finance module is estimated to drive the ERP software market and would contribute to nearly one third of the overall market revenue. SAP retained its market leadership position in 2013, followed by Oracle, Infor and Microsoft.

The key players in the global ERP software market are Microsoft Corporation, SAP, IBM, NetSuite Inc., Epicor, Adonix, Oracle, Sage Group Plc., Infor and Lawson.

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Deployment Type Covered:
On cloud
On Premise

Functions Covered:
Finance
Human Resource
Marketing
Supply Chain
Other Functions

Applications Covered:
Telecom and IT
Government and Public Utilities
Banking, Financial Services and Insurance (BFSI)
Aerospace, Defense and Intelligence
Manufacturing
Retail
Other Applications

End Users Covered:
Small enterprises
Medium enterprises
Large enterprises

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Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

What our report offers:
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- Strategic recommendations for the new entrants
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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