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With 9.2% CAGR, ERP Software Market Size to Surpass USD 90.63 Billion by 2029

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Pune, India, Jan. 31, 2023 (GLOBE NEWSWIRE) — The global enterprise resource planning (ERP) software market size was valued at USD 15.10 billion in 2021. The market is projected to grow from USD 18.33 billion in 2022 to USD 83.90 billion by 2029, exhibiting a CAGR of 24.3% during the forecast period. North America held highest share in the global market at USD 17.56 Billion in 2021. Fortune Business Insights publishes this information in its report, titled, “ERP Software Market Forecast, 2023-2029.”

Key Industry Development:

Infor, a cloud-based software firm, collaborated with Syntellis data and intelligence. The latter is a performance solutions player in the software solutions for enterprise performance management. This collaboration permitted healthcare consumers to contact Syntellis Axiom Healthcare Suite for intelligent preparation and performance solutions.

Request a Sample Copy of the Research Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/enterprise-resource-planning-erp-software-market-102498

Report Scope & Segmentation

Report Coverage Details
Forecast Period 2022 to 2029
Forecast Period 2022 to 2029 CAGR 9.1%
2029 Value Projection USD 90.63 Billion
Base Year 2021
3D Printing Market Size in 2021 USD 45.82 Billion
Historical Data for 2018 to 2020
No. of Pages 150
Segments covered Deployment, Business Function, Organization Size, End-User and Geography

Key Takeaways

  • ERP Software market size in North America was USD 17.56 Billion in 2021
  • Increasing adoption of digital platforms and favorable government initiatives to drive the market growth.
  • Major trends include technologies such as AI, blockchain, machine learning and others
  • By end user, healthcare segment holds the maximum share

Browse Complete Report Details:

https://www.fortunebusinessinsights.com/enterprise-resource-planning-erp-software-market-102498

Driving Factors:

  • Rising Requirement to Enhance Operational Proficiency and Streamline Business Procedures Among Enterprises to Fuel Growth.
  • The requirement for transparency and operational competence in business procedures has forced companies functioning across the globe to adopt multiple business models.
  • Progressions in technology diminish the complication of ERP systems and permit third-party apps to maintain corporate procedures more competently.

Segments:

Growing Popularity of ERP Technology to Surge Operational Proficiency to Amplify Market Share

Based on end-user, the market is segmented into manufacturing, BFSI, IT & telecom, retail and consumer goods, healthcare & life sciences, transportation & logistics, government, and others (aerospace and defense).

The healthcare & life sciences segment is estimated to grow at the highest CAGR during the forecast period and contribute the highest to the global ERP software market share.

Use of ERP Solutions to Automate Business Procedures and Reinforce Financial Transactions to Boost Market

Based on business function, the market is segmented into financial management, human capital management, supply chain management, customer management, inventory and work order management, and others. The financial management segment held maximum market share and is anticipated to preserve its supremacy over the forecast period.

Augmented Demand for ERP Software with Improved Data Storage Will Fuel Market Growth

Based on deployment, the market is segmented into cloud, on-premise, and hybrid. Cloud-based ERP accounted for the largest market share during the forecast period.

Regional Insights:

North America to Hold Lion’s Share Backed by Increasing Need for Automation in Businesses

North America seized the largest Enterprise Resource Planning (ERP) software market share owing to increasing necessity to automate business functionalities through digital approaches, enhancing the market growth of Enterprise Resource Planning (ERP) software in North America.

Asia Pacific is predicted to grow with a notable CAGR during the forecast period. This region’s growth is chiefly owing to the frequently developing industry verticals, comprising manufacturing, BFSI, and transportation & logistics.

The market growth of Enterprise Resource Planning (ERP) software in Europe is mainly driven by growing technological progressions and the development of the regional manufacturing companies.

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/enterprise-resource-planning-erp-software-market-102498

List of Key Players Mentioned in the Report:

  • Oracle Corporation (U.S.)
  • IBM Corporation (U.S.)
  • SAP SE (Germany)
  • Workday, Inc. (U.S.)
  • Microsoft Corporation (U.S.)
  • Sage Group plc (U.K.)
  • Infor (U.S.)
  • Deltek (U.S.)
  • IFS Global (Sweden)
  • Epicor (U.S.)

Major Table of Contents:

  • North America Enterprise Resource Planning (ERP) Software Market Size Estimates and Forecasts, By Segments, 2018-2029
    • Key Findings
    • By Deployment (USD)
      • Cloud
      • On-Premises
      • Hybrid
    • By Organization Size (USD)
      • Small & Medium-sized Enterprises (SMEs)
      • Large Enterprises
    • By Business Function (USD)
      • Financial Management
      • Human Capital Management
      • Supply Chain Management
      • Customer Management
      • Inventory and Work Order Management
      • Others (Sourcing and Procurement)
    • By End-user (USD)
      • Manufacturing
      • Banking, Financial Services, and Insurance (BFSI)
      • IT and Telecommunications
      • Retail and Consumer Goods
      • Healthcare & Life Sciences
      • Transportation and Logistics
      • Government
      • Others (Aerospace and Defense, etc.)
    • By Country (USD)
      • United States
      • Canada
  • Europe Enterprise Resource Planning (ERP) Software Market Size Estimates and Forecasts, By Segments, 2018-2029
    • Key Findings
    • By Deployment (USD)
      • Cloud
      • On-Premises
      • Hybrid
    • By Organization Size (USD)
      • Small & Medium-sized Enterprises (SMEs)
      • Large Enterprises
    • By Business Function (USD)
      • Financial Management
      • Human Capital Management
      • Supply Chain Management
      • Customer Management
      • Inventory and Work Order Management
      • Others (Sourcing and Procurement)
    • By End-user (USD)
      • Manufacturing
      • Banking, Financial Services, and Insurance (BFSI)
      • IT and Telecommunications
      • Retail and Consumer Goods
      • Healthcare & Life Sciences
      • Transportation and Logistics
      • Government
      • Others (Aerospace and Defense, etc.)
    • By Country (USD)
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Netherland
      • Rest of Europe

TOC Continued…!

Quick Buy – ERP Software Market Research Report

https://www.fortunebusinessinsights.com/checkout-page/102498

FAQs

How big is the ERP software market?

ERP software market size was USD 45.82 Billion in 2021.

How fast is the ERP software market growing?

The ERP software market will exhibit a CAGR of 9.1% during the forecast period, 2022-2029

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: [email protected]

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Aetina Accelerates Embedded AI with High-performance, Small Form-factor Aetina IA380E-QUFL Graphics Card

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TAIPEI, April 25, 2024 /PRNewswire/ — Aetina, a leading Edge AI solution provider, announced the launch of the Aetina IA380E-QUFL at Embedded World 2024 in Nuremberg, Germany. This groundbreaking product is a small form factor PCIe graphics card powered by the high-performance Intel Arc A380E GPU. 

Unmatched Power in a Compact Design
The Aetina IA380E-QUFL delivers workstation-level performance packed into a low-profile, single-slot form factor. This innovative solution consumes only 50W, making it ideal for space and power-constrained edge computing environments. Embedded system manufacturers and integrators can leverage the power of 4.096 TFLOPs peak FP32 performance delivered by the Intel Arc A380E GPU[1].
Beyond Small Size: Big Capabilities
Despite its compact size, the IA380E-QUFL offers native support for 4 mini-DisplayPort outputs and 6GB of GDDR6 memory, enabling the connection of multiple high-resolution displays (UHD). This makes the IA380E-QUFL an excellent choice for a wide range of applications, including commercial gaming, video walls, medical imaging, and visual inference for smart cities.
“The demand for slim and energy-efficient AI systems is rapidly escalating,” said Jackal Chen, Senior Product Manager at Aetina. “The Aetina IA380E-QUFL addresses this need head-on, offering a powerful GPU solution in a compact, single-slot form factor with minimal power consumption. This empowers developers to create powerful and efficient edge systems for a wide range of applications.”.
Unparalleled Commitment: 5-Year Product Supply
Acknowledging the critical need for long-term product stability in industrial applications, Aetina ensures a 5-year product supply for the Aetina IA380E-QUFL, which streamlines system roadmaps and reduces the need for costly redesign. Our commitment is aligned with Intel’s announced product plans for the Intel Arc A380E GPU.[1]
[1]https://www.intel.com/content/www/us/en/content-details/820389/intel-arc-gpu-for-the-edge-public-30-3-30.html?wapkw=Intel%20Arc%20GPU%2030-3-30&DocID=820389 Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries.
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Artificial Intelligence

IG Canada Announces Enhanced Trading Platform for Enhanced User Experience

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Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.

IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053

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Artificial Intelligence

Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment

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This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
 
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
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