Source : Allied Analytics LLP

Global ERP Software Market to Garner $78.41 Billion by 2026 at 10.2% CAGR: AMR

Rise in need for operational efficiency & transparency in business processes, increase in adoption of cloud & mobile applications, and surge in demand for data-driven decision-making are the prime factors that drive the growth of the global ERP software market.

Portland, OR, Feb. 11, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global ERP software market accounted for $35.81 billion in 2018 and is anticipated to reach $78.41 billion by 2026, growing at a CAGR of 10.2% during the study period.

Rise in need for operational efficiency & transparency in business processes, increase in adoption of cloud & mobile applications, and surge in demand for data-driven decision-making are the prime factors that drive the growth of the global ERP software market. On the contrary, higher maintenance and investment costs hinder the market growth. However, an increase in demand for ERP among small and medium enterprises coupled with rapid technological advancements in ERP is anticipated to create new opportunities in the coming years.

The global ERP software market is segmented on the basis of component, deployment model, business function, end-user, industry vertical, and geography. Based on the component, the market is divided into software and service. The services segment is anticipated to manifest the fastest CAGR of 12.1% during the forecast period. However, the software segment held the largest share in 2018, contributing to more than three-fifths of the market.

Get Sample Report for More Details at https://www.alliedmarketresearch.com/request-sample/638

On the basis of the deployment model, the market is categorized into on-premise, cloud, and hybrid. Based on business function, the market is bifurcated into finance, human resource (HR), supply chain, customer management, inventory management, manufacturing module, and others. The HR segment is expected to register the fastest CAGR of 15.6% during the forecast period. However, the finance segment held the lion’s share in 2018, accounting for one-fourth of the market.

The global ERP software market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the Asia-Pacific region is expected to manifest the fastest CAGR of 13.2% through 2026, owing to an increase in new manufacturing setups in the region. However, the market across the North American region dominated the market, contributing to more than one-third of the market.

Inquire more about this report at https://www.alliedmarketresearch.com/purchase-enquiry/638

The global ERP software market report offers an in-depth analysis of the major market players such as SAP SE, Oracle Corporation, Infor, Workday, Inc., Sage Software Solutions Pvt. Ltd., SYSPRO, Epicor Software Corporation, IFS, Microsoft Corporation, and Deskera.

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:

https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
                                  
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.