Techno World Enterprise-Resource-Planning-Market | Page 2

changes, which help them to remain competitive in the market, which in turn is fuelling growth of
ERP software market.
Cloud-based deployment segment accounted for largest market share in 2017, owing to benefits
offers by the cloud ERP such as cost savings, flexibility, scalability, and security. Increasing
demand for cloud based solution by various organizations due to advantages offered by them are
driving growth of the segment.
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The large enterprises segment held the largest market share in 2017 and is projected to retain its
dominance throughout the forecast period. In large enterprises, it become difficult for the
companies to maintain data base for all department. The ERP tools help business by offering
integrated platform for all process, providing quick access to the information within the
department by maintaining uniqueness. Hence this advantage have driven the ERP market.
Enterprise Resource Planning: Regional Insights
On the basis of geography, global enterprise resource planning market is segmented into North
America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The U.S. is early adopter of
advanced technologies. Rapid technological advancement in ERP software coupled with presence
of numerous market players is expected to enhance the growth of market over the forecast
period.
However, APAC also show the potential growth opportunities in the ERP software market during
the forecasted period. Due to the increase in number of SMEs turned to hosted ERP solutions to
efficiently manage their business processes, particularly in developing countries such as India,
China, and Singapore.
Enterprise Resource Planning: Competitive Background
Major player operating in enterprise resource planning market include Oracle Corporation, IBM
Corporation, Microsoft Corporation., SAP, Infor, Sage, Netsuite Inc., SYSPRO, Epicor Software
Company, and Daffodil Software Ltd.
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