ERP Software Market Growth & Key Business Strategies by Leading Industry Players - Oracle, IBM Corp., Microsoft Corp., SAP, Infor, Sage, Netsuite Inc., Totvs, Unit4 and SYSPRO

Emergence of cloud technology in the market would lead to a paradigm shift in the deployment methods from on-premise to cloud-enabled ERP. Cloud ERP software considerably reduces the investments required in alternative IT resources and offers greater flexibility. Thus, customers are shifting from on-premise to cloud ERP. Feature of accessing ERP from mobile devices would gain a surge in terms of adoption.

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ERP Software Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $ 41.69 billion by 2020, registering a CAGR of 7.2% during the period 2014-2020.

Emergence of cloud technology in the market would lead to a paradigm shift in the deployment methods from on premise to cloud-enabled ERP. Cloud ERP software considerably reduces the investments required in alternative IT resources and offers greater flexibility. Thus, customers are shifting from on-premise to cloud ERP. Feature of accessing ERP from mobile devices would gain a surge in terms of adoption.

ERP software comprises of several ERP modules such as finance, sales, marketing, HR, etc. Integration of business functions is effectively done through implementation of ERP software. Thus, it enables smooth and efficient functioning of businesses. These benefits lead to a large adoption of ERP software among customers. Among the various functions, finance function would drive the ERP software market significantly by the year 2020, and would contribute to near about 30% of the overall market revenue.

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Major Market Players Included in This Report:

• Oracle
• IBM Corp.
• Microsoft Corp.
• SAP
• Sage
• Netsuite Inc.
• Totvs
• Unit4
• SYSPRO

Aerospace and Defense verticals have adopted ERP software to monitor and control their operational process. Aerospace and Defense verticals would grow at a relatively higher CAGR of 8.86% from 2014-2020 compared with other verticals. The prime reason for this growth would be to maintain data transparency on real-time basis. Based on deployment type, cloud ERP is gaining prominence over on premise ERP in Aerospace and Defense verticals. Realizing the business potential, market players such as Oracle, SAP and Infor are focusing to develop ERP system for Aerospace and Defense verticals. Adoption of ERP software among mid-size enterprises would grow rapidly at a CAGR of 7.9% during 2014-2020. The major reason behind the increased adoption among mid-sized enterprises is to reduce the operational cost related to IT so as to sustain in the competitive era.

Global ERP vendors in the market like Oracle, SAP and Microsoft are launching ERP products, which can be easily accessed via mobile devices like smartphones and tablets. These players are putting efforts to develop ERP system that could be easily delivered from third-party vendor's platform. The market is increasingly witnessing a shift towards Software as a Service (SaaS) model.

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Promising Regions & Countries Mentioned In The Gesture Recognition & Touchless Sensing Market Report:

• North America
• Europe
• Asia-Pacific
• LAMEA

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