Global Enterprise Resource Planning Market - By Deployment (On premises, Cloud, Hybrid), type (Mobile, Cloud, Social, Two tier), Industry, Geography, Trends, Forecast - (2017 - 2022)

Published - Jan 2017 | Category - ICT and Media | No. of Pages - 105 | Published By - Mordor Intelligence

Report Highlights

The Global Enterprise Resource Planning Market is valued at USD 31.43 billion in 2016 and is expected to reach a value of USD 46.9 billion by the end of 2022, growing at a projected CAGR of 6.9 % during the forecast period of 2017 - 2022. ERP tools aid organizations in decision making through real-time data analytics, also providing a consolidated view of key business metrics from operations across the business. In addition to that, services of ERP also extend to financial management, supply chain, manufacturing, operations, reporting, and human resources.

In larger enterprises, it becomes increasingly difficult to maintain databases of all the departments and to consolidate them for report generation. The lead times get longer in the course of time because the data is most likely duplicated across the business or a potential inconsistency in the reported information. ERP tools help business overcome these hurdles by providing an integrated platform for all the processes, resulting in a quick access to the information within the departments along with maintaining the uniqueness. This advantage of ERP systems would drive the market upwards.

While the entire ERP segment is expected to grow, factors like the cost of customization according to the business, the cost of upgrading the ERP tools would hamper the growth. Though it is being employed by medium scale business and large enterprises, small business would not find much application as they may not have many clearly defined departments to be managed. Difficulties in integrating several existing ERP systems into one legacy system would also restrain the market growth.

The entire ERP market can be segmented by deployment, size of business, by type, by application and by region. Some of the key players in the industry that are mentioned in the report are:

Epicor

Infor

IQMS

Microsoft

Netsuite

Oracle

SAP

Syspro

What the report offers

Market definition for enterprise resource planning along with identification of key drivers and restraints for the market.

Market analysis for the global ERP market, with region specific assessments and competition analysis on a regional scale.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.

Identification and analysis of the macro and micro factors that affect the global ERP market on the global and regional scale.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
 

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