San Francisco, California, Dec. 16, 2015 (GLOBE NEWSWIRE) -- Global ERP Software market is expected to reach USD 48.22 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand from aerospace & defense, government utilities, and retail is expected to augment growth over the next seven years. In addition, extensive R&D and technological advancements in deployment methods to reduce cost is expected to fuel growth over the forecast period.
Technology advancement has been a major factor challenging industry growth. Cloud-based applications have been highly adopted to reduce deployment costs. Furthermore, facilities including easy access to ERP software via mobile phones helps stay in contact to business related information, thus facilitating real-time decision making which is expected to increase market demand over the next seven years.
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Further key findings from the report suggest:
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Grand View Research has segmented the global ERP software market on the basis of deployment, functions, verticals, end-user and region:
Global ERP Software Deployment Outlook (Revenue, USD Million, 2012 - 2022)
Global ERP Software Functions Outlook (Revenue, USD Million, 2012 - 2022)
Global ERP Software Verticals Outlook (Revenue, USD Million, 2012 - 2022)
Global ERP Software End-User Outlook (Revenue, USD Million, 2012 - 2022)
Global ERP Software regions Outlook (Revenue, USD Million, 2012 - 2022)
More reports of this category by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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