Meticulous Research®—a leading global market research company, published a research report titled, ‘Enterprise Resource Planning Market by Module (Finance and Accounting Module, Human Capital Management), Enterprise Size (Medium Enterprises, Small Enterprises), Deployment Mode (Cloud-based ERP, On-premise ERP), Sector, and Geography - Global Forecast to 2030.’

Download Free Sample Report@ https://www.meticulousresearch.com/download-sample-report/cp_id=5574?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_content=15-07-2024

The ERP market is on track to reach a valuation of $90.7 billion by 2030, with a notable CAGR of 14.4% expected from 2023 to 2030. This growth trajectory is driven by the critical need for enhanced operational efficiency and transparency across business operations. Factors such as increased adoption of ERP software for data-driven decision-making and the proliferation of mobile and cloud applications further stimulate market expansion. However, challenges persist, including the growing availability of open-source alternatives and the significant upfront investment and maintenance costs. Simultaneously, rising demand for cloud-based ERP solutions among small and medium-sized enterprises, alongside government-driven digitization efforts, presents lucrative opportunities. Yet, concerns over security threats to cloud-based ERP systems remain a significant obstacle to market progress.

The global ERP market is meticulously segmented by module, enterprise size, deployment mode, sector, and geography, allowing for a comprehensive analysis of industry dynamics at regional and national levels.

Key players in the global ERP market landscape include SAP SE, Oracle Corporation, Microsoft Corporation, Sage Group plc, Infor Equity Holdings LLC, Hewlett Packard Enterprise (HPE) Company, Epicor Software Corporation, NetSuite, Inc., International Business Machines Corporation, Tyler Technologies, Ramco Systems, Acumatica, Inc., Workday, Inc., and Deltek, Inc.

Modules within the ERP market encompass finance and accounting, human capital management, sourcing and procurement, sales, manufacturing, logistics and supply chain management, customer service, R&D and engineering, enterprise asset management, and other specialized areas.

Enterprise size categories range from large to small enterprises, with large enterprises expected to dominate market share due to their demand for robust AI-integrated ERP systems. Meanwhile, small enterprises are poised for the highest growth rate during the forecast period.

Deployment modes include cloud-based, on-premise, and hybrid ERP solutions, with cloud-based deployments projected to lead the market due to their cost-effectiveness and compatibility with mobile devices. Hybrid ERP solutions are also expected to exhibit substantial growth, combining benefits from both on-premise and cloud models.

Sector-wise segmentation spans diverse industries such as BFSI, energy & utilities, telecommunications, education, healthcare, HORECA, pharmaceuticals, consumer electronics, automotive, aerospace & defense, life sciences, professional services, oil and gas, and others. Notably, the automotive sector is anticipated to hold the largest market share due to ERP software's pivotal role in optimizing production processes and managing inventory effectively.

Geographically, analysis covers Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America is expected to lead the market, driven by extensive ERP adoption across businesses of all scales. However, the Asia-Pacific region is forecasted to experience the highest growth rate during the forecast period, fueled by increasing accessibility to ERP functionalities via smartphone applications.
Buy Now@ https://www.meticulousresearch.com/Checkout/55755347?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_content=15-07-2024
About Meticulous Research®:
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research