Enterprise Resource Planning Market Analysis

On the basis of deployment type, enterprise resource planning (ERP) market is segmented into on-cloud and on-premise. On-premise is highly adopted by an organization that requires control over the security of information about companies and customers. This deployment is installed and hosted on organizations’ IT infrastructure and is managed by their internal IT staff. Unlike cloud deployment, on-premises deployment of enterprise resource planning (ERP) solutions requires high initial investment by organizations, but does not require incremental costs throughout the ownership.

On the basis of application, enterprise resource planning (ERP) market is segmented into asset life management, inventory management, work order management, labor management, predictive maintenance, facility management, and others. Out of all these, asset lifecycle management adopts the highest share of the market as it comprises a few inter-management processes like comprehensive asset portfolio management, rigorous project execution, and effective and efficient asset management practices, which helps to provide desired outcomes. It is basically the process of optimizing profits generated throughout their life cycle. It reduces maintenance costs and improves the quality of IT services. 

 On the basis of industry size, enterprise resource planning (ERP) market is segmented into small and medium scale industry and large scale industry. Where large scale holds a higher share in the market as they require global functionality and large scalability.

On the basis of vertical, enterprise resource planning (ERP) market is segmented into manufacturing, retail, ITs and telecoms, military and defence, healthcare, government and others. Out of all these, manufacturing and retail hold the highest share, followed by defense and healthcare. Within these verticals, Enterprise resource planning (ERP) implementation may be used for supply chain management, product configuration, web-based ordering, financial accounting, human resource planning, project management, order processing, and others.

Our in-depth analysis of the global enterprise resource planning (ERP) market includes the following segments