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The Global ERP Software Industry is Forecast to Attain an Estimated $67.7 Billion by 2017

18/03/2014 by

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The global ERP software industry reached an estimated $47.5 billion in 2011 with 7.9% CAGR and is forecast to attain an estimated $67.7 billion by 2017 with 6.1% CAGR over 2012-2017. It is anticipated that cloud computing will facilitate remolding of the ERP (Enterprise Resource Planning) software industry with new opportunities to penetrate in the small and medium business sectors, and increasing reliance on InfoTech is expected to drive the industry over the forecast period.

The report focuses on North America, Europe, Asia Pacific, and Rest of the World. Currently, North America’s dominance prevails in the industry. APAC and ROW witnessed the highest growth during 2006-2011, and this growth momentum is likely to continue during 2012-2017.

Some of the growth factors are economic growth, new emerging markets, and penetration of new industries. A few industry growth deterrents such as high cost of ERP implementation and currency fluctuations also surfaced.

This research report provides insights into the recent industry scope and overview, global macroeconomic overview, annual industry trend, emerging trends, industry forecasts, future opportunities, hazards, and the profitability analysis of the major industry players.

The data and analysis found in this report can be utilized for a variety of functional business reasons, including business development, strategic planning, determination of market size and trends, competitive analysis, investment decisions, and joint product development.

This comprehensive guide provides readers with valuable information and the tools needed to successfully drive critical business decisions with a thorough understanding of the market’s potential. This report will save clients hundreds of hours in personal research time on a global market and it offers significant benefits in expanding business opportunities throughout the global enterprise resource planning (ERP) software industry. In a fast-paced everchanging world,

This article has been extracted from www.heraldonline.com, please click on this link to read the article in full http://www.heraldonline.com/2014/03/14/5770818/research-and-markets-the-global.html#storylink=cpy
Montash is a multi-award winning , global IT recruitment firm. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Scientific Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

For more information please contact us on +44 (0) 20 7014 0230 or alternatively send us an email on info@montash.com.

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