Enterprise Resource Planning (ERP) Market 2022 Share, Size, Growth, Trends and Forecast 2027

According to the latest report by IMARC Group, titled "Enterprise Resource Planning (ERP) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global enterprise resource planning (ERP) market size reached US$ 41.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 70.6 Billion by 2027, exhibiting a growth rate (CAGR) of 9.7% during 2022-2027.

Enterprise resource planning (ERP) refers to a corporate management software that collects, stores, manages, interprets, and processes different organizational data into a unified system. It provides an updated view of business operations, which enables the management of core, end-to-end, real-time enterprise activities, such as purchase orders, supply chain operations, marketing, strategy planning, procurement of raw materials, payroll, and compliance. EPR offers effective communication, reduced capital expenses, enhanced management of a project lifecycle, and accurate data reporting.

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Global Enterprise Resource Planning (ERP) Market Trends:

The increasing need for operational efficiency and transparency, along with the rising digitization in corporate functionalities, is majorly driving the global ERP market growth. The widespread adoption of ERP in the healthcare sector to minimize clinical errors and effectively monitor administrative tasks is further contributing to the market growth. Moreover, the increasing utilization of ERP amongst small- and medium-sized enterprises to make data-driven decisions is acting as a growth-inducing factor. Apart from this, the sudden outbreak of coronavirus disease (COVID-19) is positively influencing product adoption as the cloud-based system efficiently helps enterprises to sustain business operations, electronic data exchange, and automated reporting through remote access. Looking forward, the market is expected to reach US$ 70.6 Billion by 2027, exhibiting a CAGR of 9.7% during 2022-2027.

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List of Key Companies Covered in this Market Report:

Epicor Software Corporation (KKR & Co. Inc.)
International Business Machines Corporation
Kronos Incorporated (Hellman & Friedman LLC)
Microsoft Corporation
Oracle Corporation
SAP SE
The Sage Group Plc
TOTVS S.A
Unit4 (Advent International)
Workday Inc.
Yonyou Network Technology Co. Ltd.

Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/enterprise-resource-planning-market

The report has segmented the market on the basis of component, business segment, deployment type, organization size, vertical and geography.

Breakup by Component:

Solutions
Services

Breakup by Business Segment:

Sales and Marketing
Finance and Accounting
Order Management
Others

Breakup by Deployment Type:

On-premises
Cloud-based

Breakup by Organization Size:

Large Organizations
Small and Medium-Sized Organizations

Breakup by Vertical:

BFSI
Manufacturing
Healthcare
Education
Government
Automotive
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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