What is Enterprise Resource Planning Technologies?
Enterprise resource planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and many more. By collecting an organizationís shared transactional data from multiple sources, ERP systems eliminate data duplication and provide data integrity with a single source of truth, and also helps plan, budget, predict, and report on an organizationís financial results. However, the next-generation, cloud-based, and modern ERP solutions support the new industry dynamics while providing the ability to reduce support time to enable organizations to respond quickly to volatile markets and industry trends.
The market study is broken down, by Application (Accounting Management, Procurement Management, Human Resource Management, Supply Chain Management and Customer Relationship Management) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Enterprise Resource Planning Technologies market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Oracle Corporation (United States), SAP (Germany), Microsoft Corporation (United States), Odoo S.A. (Belgium), Infor (United States), Syspro (South Africa), Acumatica (United States), Epicor (United States), Sage Group (United Kingdom) and Salesforce.com, Inc. (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Enterprise Resource Planning Technologies market by Type, Application and Region.
On the basis of geography, the market of Enterprise Resource Planning Technologies 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). If we see Market by Vertical, the sub-segment i.e. BFSI will boost the Enterprise Resource Planning Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology Type, the sub-segment i.e. Database Systems & DBMS will boost the Enterprise Resource Planning Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Enterprise Resource Planning Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating System, the sub-segment i.e. Linux will boost the Enterprise Resource Planning Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In June 2021, QAD Inc. announced its acquisition by Thoma Bravo. With this acquisition, QAD will become a private company with the flexibility to continue investing in the development and deployment of Enterprise Resource Planning (ERP) software and related enterprise software for manufacturing companies around the world. The deal will also create growth opportunities for the Thoma Bravo and help its customers thrive in an increasingly dynamic manufacturing environment.
In April 2021, Samsung Electronics announced its N-ERP system to fuel future business innovations. By launching N-ERP, the company plans to effectively support innovations in future business such as the expansion of D2C business. The new N-ERP system provides the improved system performance required to process large amounts of data, flexible architecture, and helps maximize productivity by introducing new automated technologies such as Optical Character Recognition (OCR) and AI.
- Integration of ERP with Advanced Technologies Including IoT, Mobile Scanners, Smart Conveyers, AI, ML, and Many More
- Increasing Demand for Technological Solutions to Effectively Manage Core Business Functions like Accounting, Inventory, Sales, Etc.
- Increased Use of ERP System to Enhance Customer Service and Collect Real-time Information of All Business Processes
- High Adoption of Cloud-only or Hybrid ERP Solutions by SMBs
- High Implementation Cost and Continuous Training to the IT Users
- Complexity in Data Conversion May Cause Delays and Increased Costs
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Enterprise Resource Management Planning Technologies Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-user Industries and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Oracle Corporation (United States), SAP (Germany), Microsoft Corporation (United States), Odoo S.A. (Belgium), Infor (United States), Syspro (South Africa), Acumatica (United States), Epicor (United States), Sage Group (United Kingdom) and Salesforce.com, Inc. (United States) etc.
2. Can we have customized study for Enterprise Resource Planning Technologies Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Enterprise Resource Planning Technologies Market by 2026?
Analysts at AMA estimates Enterprise Resource Planning Technologies Market to reach USD Million by 2026.