Global Enterprise Resource Planning (ERP) Market worth USD 92,529.58 Million by 2024

Global Enterprise Resource Planning (ERP) Market worth USD 92,529.58 Million by 2024

Pune, India, December 31, 2018 -- /360iResearch/ -- The report "Global Enterprise Resource Planning Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q3 2018 Update)", published by 360iResearch, states that the global market was valued at USD 60,374.47 million in 2017 and is projected to reach USD 92,529.58 million by 2024, growing at a CAGR of 6.29% from 2017 to 2024.

The major forces driving the growth of the enterprise resource planning market include the end-to-end business solution to connect departments inside a company and increasing demand for operational efficiency and transparency across various business processes. Moreover, increasing demand and adoption from smes and rising adoption of cloud-based infrastructures and mobile applications are also some of the factors that are driving the market growth. However higher operational cost, and availability of open-source erp may hinder the market growth. In the middle of difficulty lies opportunity such as the rapidly changing business dynamics, global expansion of businesses across different industry, and preferred implementation of cloud erp solutions. The possible challenges for the market growth are integration complexities of erp with existing systems, and standardized software packages and inherent design misfits. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on function, the global enterprise resource planning market is studied across Finance, Human Resource, Marketing, Operations, and Sales. Based on type, the global enterprise resource planning market is studied across Tier I ERPs, Tier I Government ERPs, Tier II ERPs, Tier III ERPs, and Tier IV ERPs. Based on industry, the global enterprise resource planning market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on deployment, the global enterprise resource planning market is studied across On-Cloud, and On-Premises. Based on geography, the global enterprise resource planning market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the enterprise resource planning market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Acumatica, Baan Corporation, Cerner Corporation, Constellation Software Inc., Epicor Software Corporation, Financialforce.Com, Infor, Inc., Intacct Corporation, Microsoft Corporation, Oracle Corporation, Plex Systems, Inc., Qad Inc., Ramco Systems, Rootstock Software, SAP SE, and Sage Software, Inc..

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