ERP Software Market Size, Industry Share and Growth Rate 2026
The global ERP software market size is set to reach USD 71.63 billion by 2026, exhibiting a CAGR of 8.5% during the forecast period. Integration of Internet of Things (IoT) with business processes is expected to emerge as the central growth driver for this market, finds Fortune Business Insights™ in its new report, titled “Enterprise Resource Planning (ERP) Software Market Size, Share Industry Analysis, By Component (Software, Services), By Business Function (Financial Management, Human Capital Management, Supply Chain Management, Customer Management, Inventory and Work Order Management, Others); By Enterprise Size (SMEs, Large Enterprises), By Deployment (Cloud, On-Premises, Hybrid); By End-use (Manufacturing, BFSI, IT and Telecommunications, Retail and Consumer Goods, Healthcare, Transportation and Logistics, Government, Others), and Region Forecast, 2019-2026”. IoT is a form Artificial Intelligence-based technology that allows inanimate objects to get interconnected with each oth