The enterprise resource planning software market is expected to grow by USD 19.52 billion, progressing at a CAGR of almost 9% during the forecast period.
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The growing focus of modern SMEs is one of the major factors propelling the market growth. However, factors such as the rising threat from open-source software will hamper growth.
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Enterprise Resource Planning Software Market: Type Landscape
Based on the type, the market saw maximum growth in the cloud-based ERP software segment in 2019. The segment is driven by the low upfront costs of cloud-based ERP solutions, which encourages SMEs to invest in such solutions. The growth of the market in the segment will be significant during the forecast period.
Enterprise Resource Planning Software Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 34% of the market's overall growth is expected to originate from North America. Factors such as an increase in the need for business process efficiency and transparency through digital transformation are crucial in driving the growth of the market in North America.
The US and Canada are the key markets for enterprise resource planning software in North America. However, market growth in this region will be slower than the growth of the market in other regions.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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