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

According to IMARC Group latest published report, titled "Enterprise Resource Planning (ERP) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" Offers a comprehensive analysis of the industry, which comprises insights on erp market.  

The global enterprise resource planning (ERP) market size reached US$ 41.8 Billion in 2021. Enterprise resource planning (ERP) is a corporate management software used to manage regular business activities, such as accounting, procurement, project management, risk management, and compliance. It helps store, control, interpret, and process different organizational data into a unified system. It also assists in improving efficiency, lowering risks, fostering collaborations, and enhancing supply chain management. As a result, several companies are adopting cloud-based ERP solutions to minimize operational and capital expenses.

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Market Trends

The rising need for task automation, operational efficiency and transparency, along with the increasing digitization of corporate functionalities, represents one of the key factors positively influencing the market. In addition, the rising adoption of ERP in the healthcare sector to minimize clinical errors and monitor administrative tasks effectively is contributing to the market growth. Apart from this, the growing utilization of ERP amongst small and medium-sized enterprises (SMEs) to make data-driven decisions is offering a favorable market outlook. Furthermore, increasing investments by leading market players in research and development (R&D) activities are driving the market. 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.

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List of Key Companies Covered in this Market Report:

Epicor Software Corporation (KKR & Co. Inc.)
International Business Machines Corporation IBM
Kronos Incorporated (Hellman & Friedman LLC) (NYSE: KRO)
Microsoft Corporation MSFT
Oracle Corporation (NYSE: ORCL)
SAP SE (NYSE: SAP)
The Sage Group Plc (OTCMKTS: SGPYY)
TOTVS S.A (BVMF: TOTS3)
Unit4 (Advent International) (BVMF: TOTS3)
Workday Inc. (NASDAQ: WDAY)
Yonyou Network Technology Co. Ltd.(SHA: 600588)

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

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

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