|03-14-2019 10:03 PM CET - Business, Economy, Finances, Banking & Insurance||
Enterprise Resource Planning Market to Cross USD 47.85 billion by 2023 | Analysis by SAP SE, Oracle, Microsoft, NetSuite, Infor, Epicor Software, IBM, IQMS
Press release from: Market Prognosis
Marketprognosis.com Publish a New Market Research Report On “Global Enterprise Resource Planning Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.
Overview of the Global Enterprise Resource Planning Market:
The Global Enterprise Resource Planning Market was valued at USD 33.6 billion in 2017, and is expected to reach a value of USD 47.85 billion by 2023, at a CAGR of 6.07% over the forecast period (2018-2023).
Enterprise resource planning (ERP) systems are becoming a necessity, owing to the increasing amount of workflow and the complex planning programs. ERP can help any enterprise do business in the mobile world. One of the key benefits of ERP systems is that it helps in the cessation of work directly and modifies the inventory to ensure new business orders to keep it current on a day-to-day level.
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Big data analytics has gradually emerged to be the most prominent collective phenomenon in the early 21st century. The ERP analytics tools enable them to translate hordes of consumer data into actionable insights. There is an immediate need to build new systems like ERP software systems to handle big data. For example, electricity supply companies are replacing the analog meters with digital alternatives, where a huge volume of data is pouring into their servers every month. These businesses now require systems that can use this data to analyze comprehensively the usage patterns, demand peaks, and consumption fluctuations, while arriving at smart decisions.
The key drivers for growth in this market include consistent data availability across the business for faster decision-making, real-time data analytics, and increased adoption of ERP solutions for better management. Incremental technological advancements will pave the way for several growth opportunities for the ERP market, by making analytics tools more accessible to the small/medium-scale organizations. Conversely, difficulties in customization according to business needs, cost of implementing across the business, and integrating several existing systems into one legacy system could impede the growth over the forecast period.
Geographically, Asia-Pacific is expected to account for a major share in the ERP software market. Many of the organizations in the APAC region are completely dependent on digital systems to perform their tasks. The ERP software technology helps the private and government organizations in resource planning, in managing their tasks on real-time basis, and in simplifying the complex workflow. Hence, the adoptability of the ERP software systems will be an added advantage to the small and medium-size organizations. IoT is predicted to undergo massive growth in APAC in the coming years, and rising mobile tools play a vital role in enabling the ERP software systems to grow. The advanced industry sector is highly metropolitan and varies considerably in its composition and depth across regions.
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Major Key Players:
1 SAP SE
2 Oracle Corporation
3 Microsoft Corporation
4 NetSuite Inc.
7 Epicor Software Corporation
8 International Business Machines Corporation (IBM)
9 The Sage Group PLC
10 IQMS and More…………..
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This study answers to the below key questions:
1 What will the market size be in 2023 and what will the growth rate be?
2 What are the key market trends?
3 What are the challenges to market growth?
4 Who are the key players in this market?
5 What are the market opportunities and threats faced by the key players?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Enterprise Resource Planning Market.
Table of Contents:
2 Executive Summary
3 Enterprise Resource Planning Market Overview
4 Enterprise Resource Planning Market Dynamics
5 Enterprise Resource Planning Market Segmentation
6 Vendor Market Share
7 Company Profiles
8 Investment Analysis
9 Future of the Market
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