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ERP Software Market Global Key Players 2022 - Microsoft Corporation, SAP, IBM, NetSuite Inc., Epicor, Adonix, Oracle, Sage Group Plc., Infor and Lawson

06-19-2018 07:20 AM CET | IT, New Media & Software

Press release from: ReportsWeb

ERP Software

ERP Software

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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