NORTH AMERICA ENTERPRISE RESOURCE PLANNING MARKET 2022-2028
MARKET OUTLOOK
Triton Market Research’s report denotes that the North American enterprise resource planning market is envisioned to garner a CAGR of 6.14% over the forecasting years from 2022 to 2028. The United States and Canada form the market in the given region.
With the growing cannabis demand in Canada, several ERP vendors are leveraging the benefits of the market situation. For instance, Deacom launched a seed-to-sale feature to gain a competitive edge in the industry. Moreover, TerrAscend has adopted its ERP solutions to carry out its operations. Further, 365 Cannabis, a Microsoft-powered ERP firm, revealed its plan to expand in the cannabis sector.
Additionally, Loblaw Companies Limited, a leading food and pharmacy retailer, adopted SAP ERP solutions to enhance its operational capabilities. Therefore, the growing adoption of ERP solutions boosts the growth of the enterprise resource planning market across Canada.
In the US, the rising focus of companies in adopting augmented reality, AI, and other technologies has encouraged vendors to develop industry-oriented ERP software. For example, QMS introduced a core manufacturing software package for small and medium sized companies. Besides, ERP adoption has gained momentum across hospitals over the past few years. As per estimates, several hospitals are installing ERP solutions to streamline their operations, including patient management. Thus, these factors widen the scope of the enterprise resource planning market.
COMPETITIVE OUTLOOK
The key companies in the studied market include SAP SE, IBM Corporation, Deskera Holdings Ltd, IQMS, Oracle Corporation, Unit4 NV, and IFS AB.
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