What are the market trends for the ERP Software market?

SMEs accounted for over 40.0% of the market share in 2014. Proper management of database is required if the firm is in expansion phase. The key factors such as reduced production cost, increased operational efficiency and on-time product delivery is expected to augment product demand. In industrial sector, better supply chain, reduced complexity, better CRM and improved data access has facilitated the utilization of ERP software.

Regional Insights

Continuous technological advancement in ERP software in association with presence of different players has helped its growth in North America and the region account for a share over 40% in ERP software market. Application of ERP along with mobiles phones is anticipated to drive market in next seven years.

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In 2013, European Union claimed 26% of its enterprise use ERP which was 5% more as compared to 2010. Leading players such as Oracle, Unit4, SAP and Syspro will boom market. Manufacturing sector is expanding and developing at a extreme rate in Asia pacific, this will result in increase demand for ERP. Government support and cooperation for implementation for ERP will help to propel market.

Competitive Insights

The market is divided as there are different companies in market worldwide. Acquisition, innovation and new product development are key strategies opted by companies. IBM corporation, NetSuite Inc., Syspro, Unit4, Microsoft Corporation, Infor, SAP SE and Totvs S.A are key players in market.

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