The global Enterprise Resource Planning (ERP) Software market is expected to grow at a considerable CAGR of 8.4% during the forecast period. Businesses are increasingly engaging in mergers and acquisitions (M&A) to expand their market share. ERP software can help businesses to integrate their acquired businesses and streamline their operations. Mergers and acquisitions (M&A) are strategic moves undertaken by businesses to expand their reach, enhance their capabilities, and gain a competitive edge. However, integrating acquired businesses into the existing corporate structure can be a complex and challenging process.
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For instance, in August 2023, IFS has acquired Falkonry, Inc. a California-based Industrial AI software company. The integration of Falkonry’s self-learning anomaly detection solution with IFS’s existing enterprise simulation and AI-based scheduling and optimization capabilities exemplifies IFS’s commitment to pervasively employing AI to deliver end-to-end intelligent insights across the spectrum of enterprise asset management (EAM) technologies, including ERP (Enterprise Resource Planning), MES (Manufacturing Execution System), PSO (Planning, Scheduling, Optimization), FSM (Field Service Management), and ESM (Enterprise Service Management), with the goal of enhancing both human and asset productivity.
Global Enterprise Resource Planning (ERP) Software Market Report Segment
By Deployment Type
- Cloud
- On-premise
By Industry Vertical
- BFSI
- Manufacturing
- Construction
- Aerospace and Defense
- Others (Education, Hospitality, Media and Entertainment)
By Business Function
- Supply Chain Management (SCM)
- Human Resource Management (HRM)
- Business Process Management (BPM)
- Product Lifecycle Management (PLM)
- Others (Risk Management, Compliance Management, Sustainability Management)
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Company Profiles
- Acumatica, Inc.
- Epicor Software Corp.
- Exact Systems Service
- FreshBooks (2ndSite Inc.)
- Industrial and Financial Systems
- M-Files
- Odoo SA
- QAD Inc.
- Rossum
- Sage Group plc
- SYSPRO Proprietary Ltd.
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