Global Enterprise Resource Planning Software Market Analysis Highlights the Impact of COVID-19 2020-2024 | Increasing Demand For Cloud-Based Applications to Boost Market Growth | Technavio
Technavio has been monitoring the global enterprise resource planning software market size and it is poised to grow by USD 19.52 billion during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Enterprise Resource Planning (ERP) Software Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Acumatica Inc., Epicor Software Corp., IFS AB, Infor Inc., Microsoft Corp., Oracle (News - Alert) Corp., Sage Group Plc, Salesforce.com Inc., SAP SE, and ServiceNow Inc. are some of the major market participants. The increasing demand for cloud-based applications will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Increasing demand for cloud-based applications has been instrumental in driving the growth of the market. However, the increasing number of cyberattacks might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Enterprise Resource Planning Software Market 2020-2024: Segmentation
Enterprise Resource Planning Software Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44294
Enterprise Resource Planning Software Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The enterprise resource planning software market report covers the following areas:
This study identifies the advent of intelligent ERP as one of the prime reasons driving the enterprise resource planning software market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Enterprise Resource Planning Software Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Type
Market Drivers - Demand led growth
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