The latest report by IMARC Group, titled “ Enterprise Resource Planning (ERP) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global enterprise resource planning (ERP) market share. The global market size reached US$ 50.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 101.0 Billion by 2032, exhibiting a growth rate (CAGR) of 7.9% during 2024-2032.
Enterprise resource planning (ERP) is a software solution that automates and manages the core business processes of an organization. It facilitates planning, procurement, accounting, supply chain operations, finance, compliance, and inventory, project and risk management. It also assists in integrating various administrative and business processes, helps predict and minimize risks, facilitates collaboration, and improves the financial health of organizations.
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Enterprise Resource Planning (ERP) Trends and Drivers:
Rapid digitization and increasing demand for operational efficiency and transparency represent one of the key factors catalyzing the demand for ERP solutions across the globe. In addition, the widespread employment of ERP in the healthcare industry to minimize clinical errors and facilitate better patient care at reduced clinical and administrative costs is creating a favorable market outlook. Apart from this, ERP finds extensive applications in the banking, financial services, and insurance (BFSI) industry for protecting the confidential information of customers and preventing security breaches. This, along with the expansion of small and medium-sized enterprises, is catalyzing the demand for ERP to make real-time decisions. Additionally, the integration of advanced technologies in ERP software for automating routine processes and creating better user experiences by learning and adapting to user language is stimulating the growth of the market worldwide.
Report Segmentation:
The report has segmented the market into the following categories:
Component Insights:
- Solutions
- Services
Business Segment Insights:
- Sales and Marketing
- Finance and Accounting
- Order Management
- Others
Deployment Type Insights:
- On-premises
- Cloud-based
Organization Size Insights:
- Large Organizations
- Small and Medium-Sized Organizations
Vertical Insights:
- BFSI
- Manufacturing
- Healthcare
- Education
- Government
- Automotive
- Others
Regional Insights:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitive Landscape:
- Epicor Software Corporation (KKR & Co. Inc.)
- International Business Machines Corporation
- Kronos Incorporated (Hellman & Friedman LLC)
- Microsoft Corporation, Oracle Corporation, SAP SE
- The Sage Group Plc, TOTVS S.A
- Unit4 (Advent International)
- Workday Inc.
- Yonyou Network Technology Co. Ltd
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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