Enterprise Resource Planning (ERP) Market to reach $117.09 billion by 2030, CAGR of 10.0% from 2021 to 2030

As per the report published by Allied Market Research, the global ERP software market is expected to reach $117.09 billion by 2030, growing at a CAGR of 10.0% from 2021 to 2030. The report highlights market characteristics, market potential, and growth by segmentation, and competitive landscape.

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Allied Market Research, stated, "Increase in demand for operational efficiency & transparency in business processes, surge in adoption of cloud & mobile applications, and surge in demand for data-driven decision-market have boosted the growth of the global ERP software market. However, higher investment and maintenance costs hinder the market growth. On the contrary, surge in demand for ERP among small & medium enterprises and technological advancements in ERP is expected to create lucrative opportunities for the market players in the future."

The global ERP software market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the Asia-Pacific region is projected to manifest the highest CAGR of 10% during the forecast period. However, the market across North America dominated is expected to hold a lion's share during the forecast period.

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The global ERP software market is segmented on the basis of component, deployment model, business function, end-user, and industry vertical.

Based on component, the software segment is expected to maintain dominance throughout the forecast period. However, the service segment is expected to manifest the highest CAGR of 10% from 2021 to 2030

On the basis of business function, the finance segment is expected to contribute the highest share of the market through 2030. However, the segment of the human resources is estimated to portray the fastest CAGR of 15.6% during the forecast period.

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The report has offered an all-inclusive analysis of the global Enterprise Resource Planning (ERP) Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge soon and positively impact overall industry growth.

The report presents in-depth insights into each of the leading Enterprise Resource Planning (ERP) end user verticals along with annual forecasts for 2030. The report provides revenue forecast with sales, and sales growth rate of the global Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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Leading Market Players:

➢ Oracle Corporation

➢ Sage Software Solutions Pvt. Ltd.

➢ SAP SE

➢ Oracle Corporation,

➢ Workday, Inc.

➢ Infor

➢ Epicor Software Corporation

➢ SYSPRO

➢ Microsoft Corporation

➢ IFS

➢ Deskera.

These players have adopted various strategies to increase their market penetration and strengthen their position in the industry. Current and future Enterprise Resource Planning (ERP) market trends are outlined to determine the overall attractiveness of the market.

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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 in making strategic business decisions and achieving sustainable growth in their respective market domains.

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