Enterprise resource planning (ERP) is a modular software system primarily designed to integrate major functional areas of an organization's business processes into a unified system. An ERP system includes core software components, often called modules, which focus on essential business areas such as finance and accounting, human resource (HR), production & materials management, customer relationship management (CRM), supply chain management, and others. Organizations choose which core modules to use based on the business importance. Enterprise resource planning solutions enables efficient resource management and integration of organizational activities, and its implementation enhances the operational efficiency, thus providing competitive edge to enterprises.
MARKET SCOPE
The "Global ERP Software Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ERP software market with detailed market segmentation by deployment, end user and geography. The report provides key statistics on the market status of the leading ERP software market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on deployment, the global ERP software market is segmented into on-premise, cloud
? On the basis of end user, the market is segmented into BFSI, manufacturing, healthcare, government utilities, retail, aerospace and defense, others
MARKET DYNAMICS
Drivers:
? The need for enhanced operational efficiency along with transparency within the departments of an organization is one of the key drivers propelling the growth of the market. Furthermore, rising demand for cloud based deployment models is boosting the global ERP software market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ERP software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ERP software market in these regions.
IMPACT OF COVID-19 ON ERP SOFTWARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the ERP software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ERP software market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ERP software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Epicor Software Corporation
? Infor
? Microsoft Corporation
? Oracle
? PLEX SYSTEMS
? QAD Inc.
? Sage Group Plc
? SAP SE
? Unit4
? Workday, Inc.
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.