The growth of the global ERP software market will be healthy at a compound annual growth rate of 7% over the forecast period of 2016-2022, projects Market Research Future (MRFR) in a detailed research report. The global ERP market is evolving rapidly like any other segment of the IT industry. The market is observing persistent growth on account of the continuous adoption of ERP solutions by enterprises, especially by SMEs. Advances in software technologies in combination with growth of the internet has led many enterprises to rethink business practices and invest more in enterprise architecture which has augmented the growth of the global ERP software market.Segmentation
[FURL=https://www.marketresearchfuture.com/reports/erp-software-market-1412]ERP Software Market Share[/FURL] has been segmented based on installation, application, and industry verticals. By installation, the market has been segmented into On Cloud & On Premises. By application, the market has been segmented into CRM, Sales, Business Intelligence, Accounting, and HR among others. By industry verticals, the market has been segmented into BFSI, Manufacturing, IT, Communication, Entertainment, and Healthcare.
Competitive Landscape
The key players operating in the global ERP software market include SAP SE (Germany), Microsoft (U.S.), QAD (U.S.), NetSuite Inc. (U.S.), Syspro (South Africa), Oracle (U.S.), Infor (U.S.), Epicor (U.S.), Sage (UK), and Consona Corp. (U.S.).
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