LONDON--(BUSINESS WIRE)--The enterprise resource planning software market is expected to grow by USD 19.52 billion, progressing at a CAGR of almost 9% during the forecast period.
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The growing focus of modern SMEs is one of the major factors propelling the market growth. However, factors such as the rising threat from open-source software will hamper growth.
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Enterprise Resource Planning Software Market: Type Landscape
Based on the type, the market saw maximum growth in the cloud-based ERP software segment in 2019. The segment is driven by the low upfront costs of cloud-based ERP solutions, which encourages SMEs to invest in such solutions. The growth of the market in the segment will be significant during the forecast period.
Enterprise Resource Planning Software Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 34% of the market’s overall growth is expected to originate from North America. Factors such as an increase in the need for business process efficiency and transparency through digital transformation are crucial in driving the growth of the market in North America.
The US and Canada are the key markets for enterprise resource planning software in North America. However, market growth in this region will be slower than the growth of the market in other regions.
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Companies Covered:
- Acumatica Inc.
- Epicor Software Corp.
- IFS AB
- Infor Inc.
- Microsoft Corp.
- Oracle Corp.
- Sage Group Plc
- Salesforce.com Inc.
- SAP SE
- ServiceNow Inc.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Cloud-based - Market size and forecast 2019-2024
- On-premise - Market size and forecast 2019-2024
- Market opportunity by Type
Customer Landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Acumatica Inc.
- Epicor Software Corp.
- IFS AB
- Infor Inc.
- Microsoft Corp.
- Oracle Corp.
- Sage Group Plc
- Salesforce.com Inc.
- SAP SE
- ServiceNow Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
