Global ERP SOFTWARE Market (Deployment, Functions, Verticals, End-User and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020

Enterprise resource planning (ERP) is a software that allows organizations to manage their
business processes. Through time, the role of ERP has transitioned from back office activities to
the integration of business processes. Conventionally, ERP software have been largely used for
back office operations which include production, accounting, inventory control and order
management etc. An ERP software consists of multiple software modules and each ERP module
is focused on a single area of business process such as material purchasing, inventory control,
accounting, finance, HR and marketing etc. These modules can be prepared in accordance to the
requirement of the company. ERP software are deployed on-premise as well as cloud systems.
Managing resources efficiently and integration of organizational activities are the major features
of ERP software. Implementation of ERP increases operational efficiency which consequentially
provides a competitive edge to businesses. Increasing operational complexity and rapid changes
in business models are major challenges for today’s businesses. To overcome these challenges,
business organizations are rapidly adopting ERP software. Furthermore, growing competition
compels organizations to adapt ERP software and remain competitive in the market. The demand
for ERP software’s is expected to grow swiftly in the forecast period, owing to its importance in
supplementing and synchronizing a company’s business process. High implementation cost,
availability of open source applications and tough competition are major challenges in the
market. Cloud ERP software would open-up numerous opportunities to the market as it renders
more flexibility to the businesses.
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The market is segmented on the basis of deployment, functions, verticals, end-user and
geography. On the basis of deployment, the market is further segmented as on-premise, cloud
deployment. Cloud deployment is expected to grow dynamically in the near future due to the
low IT cost associated with it. The function segment includes finance, human resource (HR),
supply chain and others. The verticals of the function segment are further classified into
manufacturing & Services, BFSI, healthcare, retail, government utilities, aerospace and defense,
telecom and others. The end-user segment includes large, medium and small enterprises. ERP
software helps these enterprises to streamline business operations and channelize their overall
business process, consequentially boosting their profitability. In order to gain a competitive
insight, the market is highlighted across various geographical regions such as North America,
Europe, Asia-Pacific and LAMEA.
Key players in the market include Oracle, IBM Corp., Microsoft Corp., SAP, Infor, Sage, Netsuite
Inc., Totvs, Unit4 and Syspro among others.
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