ERP Software Market: by Deployment Type (On-premises, and Cloud), by Function Type (CRM, Sales, Accounting, Others), by Organization Size (SME, and Large Enterprises), by Industry Verticals (Retail, Manufacturing, Banking & Finance Institutes, Aerospace & Defense, and Others) – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2021–2027)

The ERP software market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region-wise and segment-wise market share/growth analysis. The report’s study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the ERP software market.

ERP Software Industry Outlook

The global ERP software market size was valued at USD 38.12 billion in 2020 and is anticipated to experience a CAGR of 12.7% during the forecast period to reach USD 84.41 billion by 2027. Enterprise resource planning is software that enables organizations to manage and automate business processes. It helps the organization use a system of integrated applications to manage various back-office functions related to human resources, service, and technology. ERP software integrates all aspects of an operation, including marketing, sales, product development, manufacturing, and product planning, in a single database. The growing number of automotive, consumer electronics, manufacturing, pharmaceuticals, and garments industries increases the adoption of cloud-based ERP due to a surge in focus on the collection of consumer data to help in the decision-making process are few factors fueling the growth of the ERP software market.

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ERP Software Market Dynamics:

Growing dem