Global Enterprise Resource Planning (ERP) Software Market Value Expected To Reach $181.5 Billion By 2023

Global Enterprise Resource Planning (ERP) Software Market Value Expected To Reach $181.5 Billion By 2023

“Enterprise Resource Planning (ERP) Software Global Market Report 2020-30: Covid 19 Impact And Recovery”
SAP Is One Of The Largest Players In The Enterprise Resource Planning (ERP) Software Market, According To The Business Research Company’s Enterprise Resource Planning (ERP) Software Global Market Report 2020-30: Covid 19 Impact And Recovery

(Companies Covered: SAP, Oracle, Microsoft, Epicor, Infor, Sage Intacct, NetSuite, IFS, Syspro, Brightpearl, FinancialForce, Dolibarr, Awery Aviation, WP, Kechie, Stafiz, BatchMaster, Intuit Inc., FIS Global, Finserv, Cerner Corporation, SS&C Technology, Constellation Software Inc., Odoo, Lawson, Consona Corp., Activant , QAD, Kronos, Ibm.)

The global erp software market is expected to decline from $147 billion in 2019 to $145.2 billion in 2020 at a compound annual growth rate of -1.2%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a compound annual growth rate of 8% from 2021 and reach $181.5 billion in 2023.

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The enterprise resource planning (ERP) software market consists of sales of enterprise resource planning software. ERP software helps to connect the various departments in a business for the smooth flow of communication and information by providing a central database.  This central database is a shared database which gathers, stores, analyzes and interprets data, allows any department to retrieve required information at any time, and supports multiple departments with ease.

Global Enterprise Resource Planning (ERP) Software Market Segmentation –

1) By Function: Finance, HR, Supply Chain,Others.

2) By Deployment: On Premise ERP, Cloud ERP.

3) By Vertical: Manufacturing and Services, BFSI, Healthcare, Retail, Government Utilities, Aerospace & Defense, Telecom, Others.

Global Enterprise Resource Planning (ERP) Software Market Driver –

Increasing number of cyber-attacks are expected to limit the growth of companies in the enterprise resource planning software market during the forecast period. These attacks on ERP applications including compromise and distributed denial of service (DDoS) attacks damage the operations of businesses.

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Few Points From The Global Enterprise Resource Planning (ERP) Software Market TOC

1. Executive Summary

2. Entreprise Resource Planning (ERP) Software Market Characteristics

3. Entreprise Resource Planning (ERP) Software Market Size And Growth

3.1. Global Entreprise Resource Planning (ERP) Software Historic Market, 2015-2019, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Entreprise Resource Planning (ERP) Software Forecast Market, 2019-2023F, 2025F, 2030F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Entreprise Resource Planning (ERP) Software Market Segmentation

4.1. Global Entreprise Resource Planning (ERP) Software Market, Segmentation By Function, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

4.2. Global Entreprise Resource Planning (ERP) Software Market, Segmentation By Deployment, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

4.3. Global Entreprise Resource Planning (ERP) Software Market, Segmentation By Vertical, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5. Entreprise Resource Planning (ERP) Software Market Regional And Country Analysis

5.1. Global Entreprise Resource Planning (ERP) Software Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5.2. Global Entreprise Resource Planning (ERP) Software Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

 

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