In 2014, the ERP software market size was valued USD 27,648 millions globally. ERP system is a shared database that supports different business units. Integration of various functions in different business unit, transparency, and efficiency is predicted to drive the market over a forecast period. The need of streamlined processing in aerospace, defense, government utilities and industries will play a major role in market growth over a given period.
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Market Synopsis of ERP Software Market:
ERP is business management
software that collect, stores, manage and interprets data from many business
activities, thus allowing smooth flow of processes and better decision making
and productivity. In Emerging economies such as Brazil, India and China the
product will have great demand due to increasing number of SMEs. Development in
IT sector, penetration of IT firms, and changing consumer behaviour in these
regions will lead to adoption of ERP software over manual operations.
The inventory cost can be reduced
25% to 30% and raw material cost by 15% due to implementation of ERP in an
organization. Low inventory cost and raw material cost will result in increased
profits of firms, thus boosting demand for product in next seven years.
Function Insights
In 2014, the use of ERP software
in financial sector accounted about 22% of market share. It maintains proper
order and record of all activities in a reliable and precise way. Management of
different financial activities such as asset management, investments,
accounting and cash flow management with ease and simplicity is expected to
increase demand.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 ERP Software: Market
Variables, Trends & Scope
Chapter 4 ERP Software: Product
Estimates & Trend Analysis
Chapter 5 ERP Software:
Application Estimates & Trend Analysis
Chapter 6 ERP Software: End-use
Estimates & Trend Analysis
Chapter 7 ERP Software:
Industrial End-use Estimates & Trend Analysis
Chapter 8 ERP Software: Regional
Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 ERP Software:
Manufacturers Company Profiles
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