Market Highlights
Global ERP Software Market generated a revenue of USD 38,228.3 Million in 2019 and is projected to reach a valuation of USD 66,389.7 Million by 2026, growing at an 8.2% CAGR during the forecast period.
**More Articles**
The global ERP software market is expected to witness substantial growth during the forecast period, primarily due to surging demand for data-driven decision-making.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1412
Segmentation:
The global ERP software market has been segmented based on deployment, function, vertical, organization size, and region.
By deployment, the ERP software market is segmented into on-premise and cloud. The on-premises segment accounted for the larger market share of 50.4% in 2019, with a market value of USD 18,960.9 million; it is expected to register a CAGR of 5.0% during the forecast period. In 2019, the cloud segment was valued at USD 19,267.4 million; it is projected to register the higher CAGR of 10.9%.
By function, the supply chain & product management segment accounted for the largest market share of 33.4% in 2019, with a market value of USD 12,757.0 million; it is expected to register a CAGR of 8.2% during the forecast period. The sales & marketing segment was the second-largest market in 2019, valued at USD 10,280.9 million; it is projected to exhibit a CAGR of 7.8%. However, the accounting & finance segment is expected to register the highest CAGR of 9.7%.
Based on vertical, the market is segmented into manufacturing, retail, BFSI, IT & telecom, aerospace & defence, education, and others. The manufacturing segment accounted for the largest market share of 22.4% in 2019, with a market value of USD 8,564.3 million; it is expected to register a CAGR of 8.7% during the forecast period. The others segment was the second-largest market in 2019, valued at USD 5,854.1 million; it is projected to exhibit a CAGR of 8.9%. However, the aerospace & defense segment is expected to register the highest CAGR of 9.3%.
Based on organization size, the small and medium enterprises segment accounted for the larger market share of 53.2% in 2019, with a market value of USD 20,323.6 million; it is projected to register the higher CAGR of 8.6% during the forecast period. The large enterprises segment was valued at USD 17,904.6 million; it is projected to exhibit a CAGR of 7.8%.
Regional Analysis
The geographic analysis of the ERP software market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America accounted for the largest market share of 33.4% in 2019, with a market value of USD 12,754.2 million; the market is expected to register a CAGR of 7.6% during the forecast period. The market growth is driven by factors such as an increase in the adoption of ERP software to boost transparency and operational efficiency and surging demand for data-driven decision-making. Additionally, the growing adoption of cloud-based deployment model.
Europe was the second-largest market in 2019, valued at USD 10,734.1 million; the market is projected to exhibit a CAGR of 7.6%. The European market for ERP software was driven by the adoption of cloud computing, enabling enterprises to scale up or down their businesses more conveniently.
**More Articles**
Key Players
The key players of the global ERP software market are Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, Infor, Sage Software plc, Epicor Software Corporation, Plex Systems Inc., NetSuite Inc, Intuit Inc, TOTVS, Unit4, Yonyou, Workday Inc, and Kingdee International Software Group (HK) Ltd.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/erp-software-market-1412
ERP Software Market Research Report: Information By Deployment (On-premise and Cloud), Function (Supply Chain and Product Management, Sales and Marketing, Accounting & Finance and Human Resource), Vertical (Manufacturing, Retail, BFSI, IT & Telecom, Aerospace & Defence, Education and Others), Organization Size (Small and Medium Enterprises and Large Enterprises) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Forecast till 2026
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.