Enterprise Resource Planning (ERP) Market Report 2021-26: Industry Trends, Size, Share, Analysis and Forecast

According to IMARC Group’s latest report, titled “Enterprise Resource Planning (ERP) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global enterprise resource planning (ERP) market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 8.2% during 2021-2026.

The enterprise resource planning (ERP) platform integrates various administrative and operational business processes into a unified system. It primarily controls core, end-to-end, and real-time business activities, along with enhancing operational efficiency, reducing risks, fostering collaboration and supply chain management, etc. As a result, ERP is widely adopted across several organizations to minimize overall operational and capital expenses.

Report Metric

Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

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Market Trends

The rising digitization of several business processes has escalated the adoption of ERP solutions to automate tasks and streamline information in various departments. ERP also helps in integrating financial processes, human resource management, providing analytical support to managers, and effectively managing project life cycle. As a result, it is increasingly being utilized in the banking, financial services, and insurance (BFSI) industry worldwide. Besides this, the expanding healthcare sector has led to the rising demand for ERP in minimizing clinical errors, improving patient care, and monitoring clinical and administrative costs. Additionally, the sudden outbreak of the COVID-19 pandemic has led to the implementation of stringent lockdown regulations resulting in the widespread adoption of remote working models across several organizations. As a result, there is an increasing demand for cloud-based ERP solutions for remote management of complex systems and to meet several compliance standards for enhanced data security.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

The report has segmented the market on the basis of component, business segment, deployment type, organization size, vertical and geography.

 By Component:

  • Solutions
  • Services

By Business Segment:

  • Sales and Marketing
  • Finance and Accounting
  • Order Management
  • Others

By Deployment Type:

  • On-premises
  • Cloud-based

By Organization Size:

  • Large Organizations
  • Small and Medium-Sized Organizations

By Vertical:

  • BFSI
  • Manufacturing
  • Healthcare
  • Education
  • Government
  • Automotive
  • Others

Who are the Major Signature Verification Key players?

  • Epicor Software Corporation (KKR & Co. Inc.)
  • International Business Machines Corporation
  • Kronos Incorporated (Hellman & Friedman LLC)
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • The Sage Group Plc
  • TOTVS S.A
  • Unit4 (Advent International)
  • Workday Inc.
  • Yonyou Network Technology Co. Ltd.

By Geography:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021- 2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Smith Ivo

Five years in chemical & material has made Ivo Smith more or less an expert in everything related to medicines, drugs, chemicals and related sectors – at least from the PR front. Through his insider access to the sector, he has gained valuable insight into the entire manufacturing process of chemical and material.
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