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ERP

Technological Developments In ERP Generate Lucrative Opportunities Shortly

Technological Developments In ERP Generate Lucrative Opportunities Shortly
The Siliconreview
27 Decemebr, 2019

A new report on HTF MI’s business strategy titled “Global ERP Software Sales Market Report” has been released based on supplier, country, form, and application. This Global ERP Software Market Report provides projected 2019 data and projections for both value (US$ MN) and volume (MT) up to 2025. The study also contains forecast indicators, macroeconomic factors, and an ERP software market market outlook. The research is performed using top-down and bottom-up methods and further evaluated using analytical tools such as the five force analysis carried out by porter and the Global ERP Technology market's opportunities, threats, constraints and trends.The report provides detailed information on import/export use, supply and demand estimates, revenue, and gross margins. SAP, Microsoft, and IBM are some of the major companies profiled in the study.

Growing need for operational efficiency & accountability in business processes, growing adoption of cloud & mobile applications, and increased demand for data-driven decision-making has fueled the growth of the global market for ERP software. Higher investment and maintenance costs, however, are hampering the market. On the contrary, it is expected that rising demand for ERP among small and medium-sized businesses and rapid technological developments in ERP would generate lucrative opportunities in the future.