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ERP Software Market Size to Grow at a CAGR of 5.7% by 2027 | Valuates Reports
The global Enterprise Resource Planning (ERP) Software market size is projected to reach USD 60110 Million by 2027, from USD 40830 Million in 2020, at a CAGR of 5.7% during 2021-2027.
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ERP Software Market Trends
The major factors driving the growth of enterprise resource planning are:
Rise in need for operational efficiency & transparency in business processes, the surge in adoption of cloud & mobile applications, and increase in demand for data-driven decision-making.
Furthermore, the ERP industry is expected to be influenced by the spike in demand for cloud-based ERP during the COVID-19 pandemic.
A growth in ERP demand among small and medium businesses, as well as technology improvements in ERP, are expected to have a significant impact on the ERP market growth.
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ERP Software Market Share
The major players in global Enterprise Resource Planning (ERP) Software market include SAP, Oracle, Sage, etc. The top 3 players occupy about 45% shares of the global market.
North America and China are main markets, they occupy about 35% of the global market. Manufacturing is the main application, which holds a share about 30%.
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Key Companies
• SAP
• Oracle
• Sage
• Infor
• Microsoft
• Kronos
• Epicor
• IBM
• Totvs
• Workday
• UNIT4
• YonYou
• Cornerstone
• Kingdee
• Digiwin.
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