ERP Software Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025
Overview Global ERP Software Market size is expected to reach $48.21 billion by 2025, growing at a CAGR of 7.88% during 2020-2025. In 2019, ERP implementation has become the best practices to bring and automate all business operations into a single and simple solution. By 2018, the worldwide penetration of ERP software in small and medium sized organization was low due to high cost of deployment. However, with the advent of cloud based ERP, the cost of ERP deployment have been decreasing continuously. Hence, the cloud based ERP is experiencing rapid growth among SMEs since 2018 and is expected to capture more than 40% market share by 2025. Report Coverage The ERP Software market report: “ERP Software Industry Outlook– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the ERP Software Market. Key Takeaways North America dominates the ERP software market owing to rising preferences of companies towards cloud ERP. The rising penetr...