The global ERP software market size is set to reach USD 71.63 billion by 2026, exhibiting a CAGR of 8.5% during the forecast period. Integration of Internet of Things (IoT) with business processes is expected to emerge as the central growth driver for this market, finds Fortune Business Insights™ in its new report, titled “Enterprise Resource Planning (ERP) Software Market Size, Share & Industry Analysis, By Component (Software, Services), By Business Function (Financial Management, Human Capital Management, Supply Chain Management, Customer Management, Inventory and Work Order Management, Others); By Enterprise Size (SMEs, Large Enterprises), By Deployment (Cloud, On-Premises, Hybrid); By End-use (Manufacturing, BFSI, IT and Telecommunications, Retail and Consumer Goods, Healthcare, Transportation and Logistics, Government, Others), and Region Forecast, 2019-2026”.
Request a Sample Copy for more detailed ERP Software Market Overview: https://www.fortunebusinessinsights.com/enquiry/sample/enterprise-resource-planning-erp-software-market-102498
IoT is a form Artificial Intelligence-based technology that allows inanimate objects to get interconnected with each other and transmit data over the internet. When embedded in ERP solutions, IoT facilitates data collection, collation, analysis, and processing for businesses, empowering them to take informed decisions and strategize. For example, IoT makes possible the origination of orders from multiple sources for the Quote to Cash (Q2C) process. Moreover, one of the important ERP software market trends is the improvement in communication between vendors, suppliers, and end-consumers, which is boosting the uptake of ERP solutions in organizations.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/enterprise-resource-planning-erp-software-market-102498
List of Companies Covered in the ERP Software Market Report:
- PLEX SYSTEMS (United States)
- Acumatica, Inc. (United States)
- Epicor Software Corporation (United States)
- Unit4 (Netherlands)
- Oracle Corporation (United States)
- Rootstock Software (United States)
- QAD, Inc. (United States)
- Sage Group plc (United Kingdom)
- SAP SE (Germany)
- SYSPRO (South Africa)
Rapid Adoption of ERP Solutions to Drive the Market in North America
The market size in North America in 2018 stood at USD 14.36 billion and the region is poised to dominate the ERP software market share in the coming years. One of the major reasons for this is the high adoption rate of AI-based technologies such as IoT, Machine Learning, and cloud computing among organizations in the region. Furthermore, many companies are implementing ERP solutions to streamline their processes in a bid to elevate efficiency through advanced automation of routine tasks, which is augmenting the enterprise resource planning software market growth.
Expansion of the BFSI, logistics, and manufacturing sectors will be the major factor accelerating this market in Asia-Pacific, as per the ERP software market analysis. In addition to this, growth in the IT industry will further propel the market in this region.
Purchase Full Report for Exclusive ERP Software Market Growth Forecast – https://www.fortunebusinessinsights.com/checkout-page/102498
Other Exclusive Reports:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123ac
APAC : +91 744 740 1245
Email: [email protected]