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Press release content from Business Wire. The AP news staff was not involved in its creation.

Global $47+ Billion Enterprise Resource Planning (ERP) Markets to 2023 -

January 25, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Jan 25, 2019--The “Enterprise Resource Planning Market - Segmented by Deployment (On-premises, Cloud, Hybrid), Industry (Retail, Manufacturing, BFSI, Government, Telecom), End User, and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to’s offering.

The global enterprise resource planning market was valued at USD 33.6 billion in 2017, and is expected to reach a value of USD 47.85 billion by 2023, at a CAGR of 6.07% over the forecast period (2018-2023).

One of the key benefits of ERP systems is that it helps in the cessation of work directly and modifies the inventory to ensure new business orders to keep it current on a day-to-day level.

There is an immediate need to build new systems like ERP software systems to handle big data. For example, electricity supply companies are replacing the analog meters with digital alternatives, where a huge volume of data is pouring into their servers every month.


These businesses now require systems that can use this data to analyze comprehensively the usage patterns, demand peaks, and consumption fluctuations, while arriving at smart decisions. All of this mandates the need for a system that handles big data effectively. The demand for analytics tools has been bolstering the ERP market worldwide.

Key Highlights

  • Real-time Data Analytics is Driving Market Growth
  • Retail is Expected to Hold the Largest Share
  • Asia-Pacific is Expected to Hold the Major Share in the Market

Companies Profiled

  • SAP SE
  • Oracle Corporation
  • Microsoft Corporation
  • NetSuite Inc.
  • Infor
  • Epicor Software Corporation
  • International Business Machines Corporation (IBM)
  • The Sage Group PLC
  • IQMS

Topics Covered

1. Introduction

2. Research Approach & Methodology

3. Executive Summary

4. Market Insights

5. Market Dynamics

6. Global Enterprise Resource Planning Segmentation

7. Competitive Intelligence - Company Profiles

8. Investment Analysis

9. Outlook of the Market

For more information about this report visit

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Related Topics:Information Management



SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/25/2019 05:28 AM/DISC: 01/25/2019 05:28 AM