DUBLIN--(BUSINESS WIRE)--The "Global Enterprise Resource Planning Market - Growth, Trends & Forecasts (2016 - 2021)" report has been added to Research and Markets' offering.
The global enterprise resource planning (ERP) market is projected to reach USD 41.04 billion by 2020 growing at a CAGR of 6.9% during the forecast period 2015-2020. ERP tools aid organizations in decision making through real-time data analytics, also providing a consolidated view of key business metrics from operations across the business. In addition to that, services of ERP also extend to financial management, supply chain, manufacturing, operations, reporting, and human resources.
In larger enterprises, it becomes increasingly difficult to maintain databases of all the departments and to consolidate them for report generation. The lead times get longer in the course of time because the data is most likely duplicated across the business or a potential inconsistency in the reported information. ERP tools help business overcome these hurdles by providing an integrated platform for all the processes, resulting in a quick access to the information within the departments along with maintaining the uniqueness. This advantage of ERP systems would drive the market upwards.
While the entire ERP segment is expected to grow, factors like the cost of customization according to the business, the cost of upgrading the ERP tools would hamper the growth. Though it is being employed by medium scale business and large enterprises, small business would not find much application as they may not have many clearly defined departments to be managed. Difficulties in integrating several existing ERP systems into one legacy system would also restrain the market growth.
The entire ERP market can be segmented by deployment, size of business, by type, by application and by region. Some of the key players in the industry that are mentioned in the report are:
- Epicor
- Infor
- IQMS
- Microsoft
- Netsuite
- Oracle
- SAP
- Syspro
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Overview and Dynamics
5. Global ERP Market Products Market Segmentation, Forecasts and Trends
6. IQMS
7. Investment Analysis
8. Future of ERP Market
For more information about this report visit https://www.researchandmarkets.com/research/8qxg8b/global_enterprise
