openPR Logo
Press release

ERP Software Market 2020 - Current Market Trends and Future Growth Opportunities | SAP SE, Oracle Corporation, Sage Software Solutions Pvt. Ltd., Workday, Inc., Infor, Epicor Software Corporation

04-22-2020 04:46 PM CET | IT, New Media & Software

Press release from: Allied Market Research

ERP Software Market 2020 - Current Market Trends and Future

Increase in need for operational efficiency & transparency in business processes, surge in adoption of cloud & mobile applications, and rise in demand for data-driven decision-making have boosted the growth of the global ERP software market. However, higher investment and maintenance costs hamper the market. On the contrary, rise in demand for ERP among small and medium enterprises and rapid technological advancement in ERP are expected to create lucrative opportunities in the near future.

The market across the North America region held the largest share in 2018, accounting for more than one-third of the global ERP software market, owing to increased adoption of ERP software and increase in businesses in the regions to transform from on-premise to cloud-enabled ERP. However, the market across Asia-Pacific region is anticipated to portray the fastest CAGR of 13.2% during the forecast period, owing to rise in new manufacturing setups in the region and increase in number of ERP vendors who have strong foothold in North America and want to expand business in Asia-Pacific.

Download Sample Report:

The global ERP software industry was pegged at $35.81 billion in 2018, and is projected to garner $78.41 billion by 2026, registering a CAGR of 10.2% during the study period.

The human resource segment is projected to manifest the fastest CAGR of 15.6% during the forecast period, as ERP HR modules are easy for integration and management of information of present and additional workforce. However, the finance segment held the largest share in 2018, contributing nearly one-fourth of the global ERP software market.

For Purchase Inquiry:

The services segment is projected to register the fastest CAGR of 12.1% during the forecast period, as these services reduce the time and costs associated with optimizing systems in the initial phase of deployment. However, the software segment dominated the global ERP software market in 2018, accounting for more than three-fifths of the market, owing to the introduction of low-cost ERP systems such as resource ERP and increase in adoption of ERP software in industries such as automotive, consumer, durable, steel, engineering, and manufacturing.

Access full summary at:

Some of the key market players profiled in the report include SAP SE, Oracle Corporation, Sage Software Solutions Pvt. Ltd., Workday, Inc., Infor, Epicor Software Corporation, SYSPRO, Microsoft Corporation, IFS, and Deskera. This study includes ERP Software Market analysis, trends, and future estimations to determine the imminent investment pockets.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
Follow Us on: LinkedIn Twitter

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release ERP Software Market 2020 - Current Market Trends and Future Growth Opportunities | SAP SE, Oracle Corporation, Sage Software Solutions Pvt. Ltd., Workday, Inc., Infor, Epicor Software Corporation here

News-ID: 2020930 • Views: 565

More Releases from Allied Market Research

Light Commercial Vehicle Dashboard Camera Market Global Business Outlook and Pro …
Light commercial vehicle dashboard camera is a portable onboard video recorder which is placed inside the vehicle and hence continuously recording the view though the vehicle’s front windscreen. Dashboard cameras can also monitor a 360-degree view of the car which can further send the recording over a 4G connection. Furthermore, the demand for dashboard cameras in a light commercial vehicle has significantly increased owing to the legal protection in case
Transdermal Drug Delivery Systems Market Drivers, Challenges, Key Regions and Fo …
UPDATE AVAILABLE ON-DEMAND Global immunoprotein diagnostic testing market generated $17.74 billion in 2017, and is estimated to generate $27.29 billion by 2023, growing at a CAGR of 7.4% from 2017 to 2023. The report provides an extensive analysis of market dynamics, top investment pockets, market size & projections, major segments, and competitive landscape. Download Sample Copy of this Report @ Major determinants of the market Rise in incidence of chronic and infectious diseases
4.5% CAGR Growth Rate for Dialysis Market BY 2023| Fresenius Medical Care AG & C …
The report provides comprehensive analyses of the top winning strategies, industry dynamics, market size & estimations, key market segments, and competitive landscape. According to the report, the global dialysis market is expected to reach $118.51 billion by 2023 from $91 billion in 2017, registering a CAGR of 4.4% from 2018 to 2023. Request Sample Report at: "Dialysis Market research report delivers a comprehensive study on production capacity, consumption, import and export
19 Impact on Nerve Repair and Regeneration Market Business Development, Size, Sh …
Global Nerve Repair and Regeneration Market are expected to reach $13,938 million by 2023, growing at a CAGR of 13.0 % during the forecast period, 2019-2023. Download Sample Report: The growth of the global nerve repair and regeneration market is driven by an increase in the incidence of neurological diseases & peripheral nerve injuries in the geriatric population, the launch of innovative products for nerve repair & regeneration, and surge in

All 5 Releases

More Releases for ERP

VAT Enabled ERP Software - AxolonERP
VAT Complaint ERP in UAE The end of the fiscal year of 2016-17 brought a novel taxation scheme in the UAE and Saudi Arabia – VAT. The VAT or Value Added Tax changed the way enterprises of all types and scales worked as far as accounting and finance management is concerned. The invoicing; inventory management; investment and asset planning and billings of all kinds experienced changes and the need of the
ERP System: Order Tracking
Pathak Technosys can provide you with ERP System too. WE have created one of the Order tracking system for our Client. An order tracking system is important because it's a key component of the overall customer experience, which is gaining more and more importance in the B2B space. Wysetek is an Application prepared for tracking your orders. It is basically an ERP system for maintaining the orders received and order delivered in
Itech Solutions: - Best erp systems
Itech Solutions ERP Lite is the best Software provider settled in Bangalore since 2009. Our Software additionally provides a specialized software popularly called ERP Software for Real-estate, Retail, Health care, Manufacturing and Education. In Simple words associate ERP is the incorporated programming arrangement as well as all the practical bureaus of the enterprise. Erp Lite software contains of coordinated elements of Accounts and Finance administration, Sales, marketing and CRM Management,
Effective production with abas ERP
Truplast expansion supported by abas Business Software Karlsruhe, January 18, 2011 - Business is going well at Truplast Kunststofftechnik GmbH, headquartered in Langgöns. The company is a worldwide leader in developing and manufacturing hoses and hose systems. Truplast products are in demand around the globe and the company is expanding. When the existing company IT, which consisted of many isolated solutions, reached its limits, Truplast started looking for
abas ERP sales boom
Production-, manufacturing-, distribution companies, and automotive suppliers, selected abas ERP to move towards an economic recovery Karlsruhe, Germany, January 04th 2011 – The IFO Business Climate Index confirms that business development in many industries is again rapidly increasing. In comparison to 2009, ABAS has again seen a significant rise in sales. Especially mid-market custom manufacturers and automotive suppliers seeking technological and organizational changes while moving towards an economic recovery and increasing
Abecor Sistemes selected abas ERP
Barcelona, Spain / Karlsruhe, Germany – Abecor Sistemes S.L. focuses on industrial engineering and the automation of industrial processes. Located in Barcelona, local software partner ABAS Business Solutions Ibérica S.L. will ensure a smooth and successful implementation. Abecor’s ( business portfolio includes PLC programming and process management for various industries such as, paper, chemistry, and cellulose. Abecor’s experience and professionalism allows them to offer concrete solutions and adapt them to