The global enterprise resource planning (ERP) market is expected to grow at a CAGR of around 6.3% over the forecast period (2013-2018). Regulatory compliances, globalization, and centralization are some of its key drivers. Penetration of new industries, emerging markets, economic growth, company acquisitions, expansion of product portfolio, can propel market growth in the coming years. Cloud computing is also expected to impel market growth.
Download Full Research Report on Enterprise Resource Planning (ERP) Market @ http://www.radiantinsights.com/research/global-enterprise-resource-planning-erp-market-2014-2018
Recession, high implementation costs, and high competition within the market can curtail market growth.
ERP is business management software that enables the business to manage and organize their business process. It also integrates organizational activities. This software can be deployed either as cloud based software or as premise.
Browse All Reports of This Category @ http://www.radiantinsights.com/catalog/ict
The ERP consists of individual modules focusing on individual domains like human resources, accounting, finance, marketing, etc. These modules can be customized as per company requirement. The software can thus help organize internal collaborations and customer relationships, increasing user productivity while reducing the business process cycle. The industry is segmented into types, size of industry, and regions.
Types consist of the verticals the ERP caters to, such as, automotive, pharmaceuticals, insurance, software solutions, healthcare, hospitality, education, government, and others. Within these verticals the ERP can be put to use for project management, web-based ordering, financial accounting, human resources, product configuration, chain management, and many others uses.
On the basis of size of Enterprise Resource Planning (ERP) Market, For instance, in small businesses in a single location, require low-cost standardized packages. The lower mid-market companies need minimal scalability with multinational services.
On the other hand upper mid-market companies require multinational functionality with lesser scalability. While large companies require large scalability and global purpose.
Regions encompass, North America, Europe, MEA (the Middle East & Africa), and Asia Pacific. Europe and North America are the dominating market regions.
Some of the major market players are Microsoft Corporation, Oracle Corporation, SAP, and Kronos Inc.
Read more related reports by Radiant Insights:
• Hybrid Power Systems Market
A hybrid renewable energy system is a combination of more than one power source, where one is a renewable source, and the other is a conventional source of power. Some of these sources include solar PV, wind energy systems, fuel cells, and energy storage systems. The hybrid system harnesses the renewable sources that are freely available to generate electricity combined with a diesel generator. Thus, it reduces the fuel cost and the emissions from diesel power generation. The hybrid system can also be combined with other technologies such as battery storage to improve its effectiveness.
• Advanced Extremely High Frequency Systems Market
Advanced extremely high frequency (AEHF) is a series of communications satellite systems operated by the US Air Force Space Command. They are used to relay secure communications for the US Armed Forces, the British Army, the Canadian Armed Forces, and the Royal Netherlands Forces. The AEHF system will replace the older Milstar system with six satellites in geostationary orbits, three of which have been launched.
Company Name: Radiant Insights, Inc.
Contact Person: Michelle Thoras, Corporate Sales Specialist – USA
Phone: (415) 349-0054, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
Country: United States