Research Nester released a report titled “Enterprise Resource Management Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global enterprise resource management market in terms of market segmentation by deployment type, industry size, application, vertical and region.
The Final Report will cover the impact analysis of COVID-19 on this industry.”
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Enterprise Resource Management Market to Grow with a
Moderate CAGR during 2021-2029; Increasing Industrialization,
Innovation and Digitalization to Drive the Market Growth
Research Nester released a report titled “Enterprise Resource
Management Market: Global Demand Analysis & Opportunity
Outlook 2029” which delivers detailed overview of the global enterprise
resource management market in terms of market segmentation by
deployment type, industry size, application, vertical and region.
Further, for the in-depth analysis, the report encompasses the industry
growth indicators, restraints, supply and demand risk, along with detailed
discussion on current and future market trends that are associated with the
growth of the market.
The enterprise resource management market is projected to grow with a
moderate CAGR during the forecast period, i.e., 2021-2029 on account of
the increasing industries, innovations in technologies like AR, IoT, AI,
predictive maintenance, digital twin, and telematics and global
According to the report of Ministry of Corporate Affairs (MCA); 10,954
companies were registered in June 2020. Out of which 3,399 companies
belonged to business service segment, followed by 2,360 in
manufacturing, 1,499 in trading, 1,411 in community, personal & social
services and 644 in construction.
On the basis of deployment type, 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 management solutions
requires high initial investment by organizations, but does not require
incremental costs throughout the ownership.
On the basis of application, market is segmented into asset life
management, inventory management, work order management, labor