Global ERP Software market is expected to reach USD 48.22 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand from aerospace & defense, government utilities, and retail is expected to augment growth over the next seven years. In addition, extensive R&D and technological advancements in deployment methods to reduce cost is expected to fuel growth over the forecast period. Technology advancement has been a major factor challenging industry growth. Cloud-based applications have been highly adopted to reduce deployment costs. Furthermore, facilities including easy access to ERP software via mobile phones helps stay in contact to business related information, thus facilitating real-time decision making which is expected to increase market demand over the next seven years.
http://www.grandviewresearch.com/industry-analysis/erp-software-market
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