ERP Integration with Big Data to Fuel ERP Market’s Growth

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ERP Integration with Big Data to Fuel ERP
Markets Growth

• Triton Market Research presents the Global
  Enterprise Resource Planning Market report
  segmented by Application (Supply Chain, Inventory
  Management, Finance, Customer Management, Human
  Resource (HR), Manufacturing Module, Other
  Applications), Enterprise Size (Small
  Enterprises, Large Enterprises, Medium
  Enterprises), Verticals (IT and Telecom, Retail,
  Banking, Financial Services, Insurance (BFSI),
  Manufacturing, Military and Defense, Government,
  Healthcare, Other Verticals), and by Geography
  (Europe, Middle East and Africa, Latin America,
  Asia-Pacific, North America). The report further
  discusses the Market Summary, Industry Outlook,
  Impact of COVID-19, Parent Market Analysis,
  Timeline of ERP, Key Insights, Porters Five
  Forces Analysis, Key Impact Analysis, Market
  Attractiveness Index, Vendor Scorecard, Industry
  Components, Key Market Strategies, Drivers,
  Challenges, Opportunities,
• Competitive Landscape, Research Methodology
  Scope, Global Market Size, Forecasts Analysis
  (2022-2028).
• Based on Triton Market Research estimates, the
  global enterprise resource planning market is set
  to garner revenue growth at a CAGR of 7.28
  during the forecast period 2022-2028.

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Enterprise resource planning refers to a
multipurpose system that enhances various
business functions, including inventory handling,
accounting, marketing, and sales. The number of
IoT-connected devices is anticipated to surge in
the upcoming years, increasing the adoption of
ERP solutions. The integration of ERP with big
data and IoT helps efficiently access crucial
information, such as location and performance.
Hence, the integration of ERP with big data and
IoT, in addition to surged demand from SMEs,
opens new avenues for the enterprise resource
planning market. However, the increase in common
vulnerabilities and exposures, high costs, and
easy access to open- source ERP software impedes
the studied markets growth. The Asia-Pacific is
expected to emerge as the fastest-growing region
in the market over the forecast period. The easy
access to resources and low-wage labor has led to
a rise in manufacturing companies. As a result,
several large-scale companies have implemented
on-premise ERP systems to enhance performance.
Furthermore, a strong IT infrastructure
development is expected to facilitate the
adoption of cloud-based ERP software in the
upcoming years. Thus, all these factors are
driving the growth of the enterprise resource
planning market within the APAC region. The major
companies in the ERP market include Unit4 NV,
Infor Inc, The Sage Group Plc, Plex Systems Inc,
SAP SE, IQMS, IBM Corporation, Ramco Systems
Limited, Microsoft Corporation, Deskera Holdings
Ltd, Syspro Ltd, IFS AB, Qad Inc, Epicor Software
Corporation, Oracle Corporation, and Workday
Inc. The threat of new entrants is moderate
however, it may increase in the near future. The
low capital investment in developing solutions
has attracted several new players to enter the
market. Moreover, the growing number of SMEs
deploying ERP has been advantageous for new
players, increasing their threat. Furthermore,
the market is dominated by prominent leaders,
holding shares through acquisitions, product
launches, and meeting customer demand in niche
segments. Thus, the competition among existing
players is relatively high. Contact
Us sales_at_tritonmarketresearch.com Phone 44
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