LONDON–(BUSINESS WIRE)–Jun 25, 2020–
Technavio has been monitoring the enterprise resource planning (ERP) software market and it is poised to grow by USD 18.91 billion during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Global Enterprise Resource Planning (ERP) Software Market 2019-2023 (Graphic: Business Wire)
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Epicor Software Corporation, Infor, Microsoft, Oracle, and SAP SE. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Increasing demand for ERP software from SMEs has been instrumental in driving the growth of the market.
Enterprise Resource Planning (ERP) Software Market 2019-2023: Segmentation
Enterprise Resource Planning (ERP) Software Market is segmented as below:
- Type
- Cloud-based ERP
- On-premise ERP
- Geography
- APAC
- Europe
- MEA
- North America
- South America
Enterprise Resource Planning (ERP) Software Market 2019-2023: Scope
- Enterprise Resource Planning (ERP) Software Market Size
- Enterprise Resource Planning (ERP) Software Market Trends
- Enterprise Resource Planning (ERP) Software Market Industry Analysis
This study identifies the rise in adoption of ERP by financial institutions as one of the prime reasons driving the Enterprise Resource Planning (ERP) Software Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Enterprise Resource Planning (ERP) Software Market 2019-2023: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist enterprise resource planning (ERP) software market growth during the next five years
- Estimation of the enterprise resource planning (ERP) software market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the enterprise resource planning (ERP) software market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of enterprise resource planning (ERP) software market, vendors
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- Cloud-based ERP – Market size and forecast 2018-2023
- On-premise ERP – Market size and forecast 2018-2023
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2018-2023
- Europe – Market size and forecast 2018-2023
- APAC – Market size and forecast 2018-2023
- MEA – Market size and forecast 2018-2023
- South America – Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- Evolution of intelligent ERP
- Integration of ERP with BPM
- Rise in adoption of ERP by financial institutions
- Embedded data analytics features
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Epicor Software Corporation
- Infor
- Microsoft
- Oracle
- SAP SE
- Research methodology
- List of abbreviations
PART 15: EXPLORE TECHNAVIO
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
CONTACT: Technavio Research
Media & Marketing Executive
Email:[email protected]
Website:www.technavio.com/
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 06/25/2020 08:30 PM/DISC: 06/25/2020 08:30 PM
Copyright Business Wire 2020.
