Deerfield Beach, FL -- (SBWIRE) -- 07/15/2016 -- Enterprise resource planning (ERP) is a software that allows organizations to manage their business processes. Through time, the role of ERP has transitioned from back office activities to the integration of business processes. Conventionally, ERP software are largely used for back office operations which include production, accounting, inventory control and order management etc. An ERP software consists of multiple software modules and each ERP module is focused on a single area of business process such as material purchasing, finance, HR and marketing etc. These modules can be prepared in accordance with the requirement of the company.

ERP software can either be deployed on premise or can be cloud based. Managing resources efficiently and integration of organizational activities are the major features of ERP software. Implementation of ERP increases operational efficiency which consequentially provides a competitive edge to businesses. Increasing operational complexity and rapid changes in business models are major challenges for today's businesses. To overcome these challenges, business organizations are rapidly adopting ERP software. Furthermore, growing competition compels organizations to adapt ERP software and remain competitive in the market.

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The demand for ERP software's is expected to grow swiftly during the forecast period, owing to its importance in supplementing and synchronizing a company's business process. High implementation cost, availability of open source applications and tough competition are the major challenges for the ERP market. Cloud enabled ERP software have opened-up numerous opportunities for the market as it renders more flexibility to the businesses. The market is segmented on the basis of deployment, functions, verticals, end-user and geography. On the basis of deployment, the market is further segmented as on premise, cloud and hybrid deployment. Cloud deployment is expected to grow dynamically in the near future due to the low IT cost associated with it.

Hybrid deployment would boost the market growth due to security related reasons. The function segment includes finance, human resource (HR), supply chain and others. The verticals of the function segment are further classified into manufacturing & services, BFSI, healthcare, retail, government, aerospace and defense, telecom and others. The end-user segment includes large, medium and small enterprises. ERP software helps these enterprises to streamline business operations and channelize their overall business process, consequentially boosting their profitability. In order to gain a competitive insight, the market is highlighted across various geographical regions such as North America, Europe, Asia-Pacific and LAMEA. Key players in the market include Oracle, Sage, Netsuite Inc., IBM Corp., Microsoft Corp., SAP, Infor, Totvs, Unit4 and Syspro among others.

KEY BENEFITS

The study provides an in-depth analysis of the global ERP market with current and future trends to elucidate the imminent investment pockets in the market Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends in order to gain a stronger foothold in the market The report provides information regarding key drivers, restraints and opportunities with impact analysis Quantitative analysis of the current market and estimations through 2013-2020 are provided to showcase the financial appetency of the market Porters Five Forces model and SWOT analysis of the industry illustrates the potency of the buyers & suppliers participating in the market Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain

MARKET SEGMENTATION

The market is segmented on the basis of deployment, functions, verticals, end-user and geography.

MARKET BY DEPLOYMENT

On-premise deployment Cloud deployment Hybrid deployment

MARKET BY FUNCTIONS

Finance Human resource (HR) Supply chain Others MARKET BY VERTICALS

Manufacturing & Services BFSI Healthcare Retail Government Aerospace and defense Telecom Others

MARKET BY END-USER

Large enterprises Medium enterprises Small enterprises

MARKET BY GEOGRAPHY

North America Europe

APAC LAMEA KEY PLAYERS

Oracle Sage Netsuite Inc. IBM Corp. Microsoft Corp. SAP Infor Totvs Unit4 Syspro

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