Global Enterprise Resource Planning (ERP) Software Market Report 2020: Major Players are SAP, Oracle, Microsoft, Epicor and Infor - ResearchAndMarkets.com
Summary
Increased need for bringing efficiency and transparency in the business operations is expected to benefit the enterprise resource planning software market in the forecast period as ERP enables the integration of high volume of data among several departments and manages the flow of information and communication throughout the organization. In addition, the use of cloud based technologies for storing and accessing real time data, analytical reporting for business decisions and the need to meet the industry standards processes which are already implanted in the software are also enhancing the growth of the market. Integration of ERP with block chain will create a secured platform for collaboration, through which systems of records can be freely shared to trusted parties. The strict guidelines taken by the UK and French governments on Internet of Things (IoT) device manufacturers break the split of regulations for ERP software. For instance, leading ERP software vendors such as SAP and Oracle have been looking at ways to integrate the latest technologies including IoT and machine learning, but the strict policies constraining the development of their products are restricting the growth of the market.
