Scope of the Study
Enterprise resource planning system is defined as the software which allows organizations to manage as well as automate their business processes. Numerous benefit of using an enterprise resource planning system in the industry such as improved process efficiency, high-quality customer service, reporting easier & more customized, integrated information and other benefits.
The market study is being classified by Type (On premise ERP and Cloud-based ERP) and major geographies with country level break-up.
SAP (Germany), Oracle (United States), Infor (United States), Microsoft (United States), Kronos Incorporated (United States), Epicor Software Corporation (United States), International Business Machines Corporation (United States), Totvs S.A (Brazil), Workday, Inc. (United States) and UNIT4 (Netherlands) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are YonYou (China), Cornerstone OnDemand, Inc. (United States), Kingdee International Software Group Co Ltd (China) and Digiwin Software Co.,Ltd. (China).
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global ERP system market can witness an upsurge in the forecast period Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global ERP Systems market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global ERP Systems market by Type, Application and Region.
On the basis of geography, the market of ERP Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. If we see Market by Vertical Industry , the sub-segment i.e. BFSI will boost the ERP Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User , the sub-segment i.e. Large Enterprises will boost the ERP Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Adoption of Cloud-Based Solutions Worldwide
- Growing Demand from Small and Large Enterprise to Improve Operational Efficiency
- Cloud-Based Simulation Applications Is Trending With Healthcare Sector to Display Highest Growth Rate in the Market
- The emergence of Cloud Technology and Integration of Artificial Intelligence
- Issue related to Requirement of High Initial Capital Investment of ERP System
- Numerous Government Initiatives to Increase Digitalization among Organizations across the world
- Increasing Demand from Emerging Market such as China, India, Brazil, among others
- Problem-related to Integration Issue with Legacy and On-Premises Systems
- Difficulties Related to the Migration of Existing Data
- Major Concern of Low Adoption Rate Owing to Privacy issues and Complexities in the Design
Market Leaders and their expansionary development strategies
In March 2019, the Oracle Corporation (United States) Company has added AI capabilities to its cloud ERP portfolio. In addition, in these capabilities include both expense reporting assistant as well as project management digital assistant. Hence, this would help in the expansion of the product portfolio of the company
Key Target AudienceERP System Manufactures, ERP System Suppliers/Distributors, Industry Association, Downstream Vendors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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