Lucintel's latest market report analyzed that ERP provides attractive opportunities in the aerospace & defense, banking, financial service, and insurance (BFSI), construction, government & utility, healthcare, IT & telecom, manufacturing, and retail & distribution industries. The ERP market is expected to reach $88.1 billion by 2028 with a CAGR of 9.2%. In this market, on-premisesis the largest segment by deployment model, whereas BFSI is largest by end use industry.
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Based on deployment model, the ERP market is segmented into on-premises, hybrid, and cloud. The on-premises segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, as it is widely used in organizations worldwide to have a higher level of data security.
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100 – Figures/Tables
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The ERP Market is marked by the presence of several big and small players. Some of the prominent players offering ERP include Acumatica, Deltek, Epicor Software, Genius Solutions, Global Shop Solutions, and Hewlett-Packard Development Company.
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