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Worldwide Enterprise Resource Planning Software Forecast, 2020-2024

Worldwide Enterprise Resource Planning Software Forecast, 2020-2024

  • Publish Date:June 2020

  • Number of Pages:17

  • Report ID:5791502

  • Format:PDF

  • Publisher:IDC

$ 4500

Summary

This IDC study examines the market for ERP software, which forecasts moderate growth through 2024. "The COVID-19 pandemic has become the ERP market tipping point, quickly educating organizations on the need to digitize the business with modern cloud ERP systems. Technology vendors with these modern, innovative, and intelligent cloud ERP systems are well positioned to grow beyond the pandemic," says Mickey North Rizza, program vice president, Enterprise Applications and Digital Commerce at IDC.

Table of contents

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

Drivers and Inhibitors

Drivers

3rd Platform and Innovation Accelerators

Rapid Technology Advancements

DX Use Cases

Inhibitors

Economic Downturn

Uncertainty

Significant Market Developments

Scenarios/Use Cases

Financial Supply Workflows

Quote-to-Cash Workflow

Intelligent Capital Planning and Connected Maintenance

Changes from Prior Forecast

Market Definition

Methodology

Historical and Forecast Market Values and Exchange Rates

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Methodology

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The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

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