(MENAFN- IMARC Group)
The latest report by IMARC Group, titled“ Enterprise Resource Planning (ERP) Market: Global industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032 “, The global enterprise resource planning (ERP) market size reached US$ 50.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 101.0 Billion by 2032, exhibiting a growth rate (CAGR) of 7.9% during 2024-2032.
Enterprise resource planning (ERP) is a comprehensive software system designed to streamline and oversee fundamental business operations within an organization. It encompasses functions such as planning, procurement, accounting, supply chain management, finance, compliance, inventory management, project management, and risk management. ERP software integrates diverse administrative and operational processes, enabling predictive risk mitigation, fostering collaboration, and enhancing overall financial performance for organizations.
Enterprise Resource Planning (ERP) Market Trends and Drivers:
Rapid digitization and increasing demand for operational efficiency and transparency represent one of the key factors catalyzing the demand for ERP solutions across the globe. In addition, the widespread employment of ERP in the healthcare industry to minimize clinical errors and facilitate better patient care at reduced clinical and administrative costs is creating a favorable market outlook. Apart from this, ERP finds extensive applications in the banking, financial services, and insurance (BFSI) industry for protecting the confidential information of customers and preventing security breaches. This, along with the expansion of small and medium-sized enterprises, is catalyzing the demand for ERP to make real-time decisions. Additionally, the integration of advanced technologies in ERP software for automating routine processes and creating better user experiences by learning and adapting to user language is stimulating the growth of the market worldwide.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/enterprise-resource-planning-market/requestsample
Report Segmentation:
The report has segmented the market into the following categories:
Component Insights:
Business Segment Insights:
Sales and Marketing Finance and Accounting Order Management Others
Deployment Type Insights:
Organization Size Insights:
Large Organizations Small and Medium-Sized Organizations
Vertical Insights:
BFSI Manufacturing Healthcare Education Government Automotive Others
Market Breakup by Region:
North America (United States, Canada) Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others) Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others) Latin America (Brazil, Mexico, Others) Middle East and Africa
Competitive Landscape:
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
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
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.
IMARCs 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 companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: --
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163
MENAFN14022024004122016232ID1107851152
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.