Portland, OR, November 9, 2021 (GLOBE NEWSWIRE) – According to report released by Allied Market Research Switzerland ERP market was valued at $ 451.06 million in 2020 and is projected to reach $ 1.27 billion by 2030, with a CAGR of 11.0% from 2020 to 2030 & estimates, competitive landscape, and evolving market trends.

The increasing need for operational efficiency and transparency in business processes, the increasing acceptance of cloud and mobile applications during the COVID-19 pandemic and the increasing demand for data-driven decision-making solutions are stimulating the Swiss ERP market. On the other hand, higher investment and maintenance costs are partially holding back growth. However, high-end ERP technologies are expected to create lucrative opportunities in the industry.

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COVID-19 scenario

• Increased demand for cloud-based ERP software in several industries has had a positive effect on the Swiss ERP market.
• The fact that ERP software solutions, through various functions such as remote access, digital data exchange and automated reporting, played a decisive role in keeping the entire business processes efficient, has spurred the market on in several ways.

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The Swiss ERP market is analyzed according to components, delivery model, business function, industry and end user. Based on the components, the software segment contributed around three fifths to the total market share in 2020 and is expected to be the leader by the end of 2030. The Services segment, on the other hand, would name the fastest CAGR of 11.9% in the forecast period.

Based on deployment, the on-premise segment accounted for nearly three-fifths of total market revenue in 2020 and is expected to dominate by 2030. However, the cloud segment would report the fastest CAGR of 13.1% over the entire forecast period.

In terms of end users, the large business segment held around three-fifths of the total market share in 2020 and is expected to hold the lion’s share through 2030. At the same time, the medium-sized business segment would have the fastest CAGR of 12.2% from 2021 to 2030.

The main players in the market Switzerland ERP industry Report include Infor, Microsoft Corporation, Oracle Corporation, Protiviti Inc., SAP SE, IFS AB, Workday Inc. and SYSPRO. These market participants have developed multiple strategies including partnership, expansion, collaboration, joint ventures, and others to strengthen their standing in the industry.

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