Enterprise Resource Planning (ERP) Software Market Report 2024: Size, Share, Growth & Opportunities

ERP Software Market

The global market for Enterprise Resource Planning (ERP) Software was estimated to be worth US$ 43100 million in 2023 and is forecast to a readjusted size of US$ 63820 million by 2030 with a CAGR of 5.7% during the forecast period 2024-2030.

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erp software Market Research Report Growth Trends and Competitive Analysis

Enterprise resource planning (ERP) is a method of efficiently utilizing people, hardware and software to increase productivity and profit, thus simplifying a company’s business processes. ERP systems merge each of the company’s key operations, including the manufacturing, distribution, financial, human resources and customer relations departments, into one software system. It is widely used in all industries.

ERP Software Market is highly competitive, rapidly changing, and significantly affected by new product introductions and the market activities of other industry participants. Enterprise Resource Planning (ERP) Software providers face competition from the customers' internal information technology departments as well as Enterprise Resource Planning (ERP) Software competitors. Enterprise Resource Planning (ERP) Software service providers much provide a value-added product that is easy to install and cost effective. 

ERP Software Market Trends

The major factors driving the growth of enterprise resource planning are: 

Rise in need for operational efficiency & transparency in business processes, the surge in adoption of cloud & mobile applications, and increase in demand for data-driven decision-making. 

Furthermore, the ERP industry is expected to be influenced by the spike in demand for cloud-based ERP during the COVID-19 pandemic. 

A growth in ERP demand among small and medium businesses, as well as technology improvements in ERP, are expected to have a significant impact on the ERP market growth.

ERP Software Market Growth

The increase in the need for operational efficiency and transparency in business processes is expected to increase the growth of the ERP market. ERP systems allow businesses of all sizes to connect data and workflows in a single, centralized system. Companies get possibilities to increase operational efficiency, decrease expenses and errors, and make better decisions with correct information in real-time by having a single data source. 

The surge in the usage of cloud and mobile enterprise resource planning solutions is predicted to boost ERP market growth. During the COVID-19 epidemic, an increase in demand for cloud-based ERP software helped firms stay afloat. Furthermore, with features such as remote access, digital data sharing, automatic reporting, and real-time work floor control, the ERP software system played a critical part in keeping the complete company processes running smoothly.

Technological advancement in enterprise resource planning is expected to create lucrative growth opportunities in the ERP market. Traditional ERP technology has been in use for decades; but, as modern technologies such as IoT, AI, and big data analytics have become more widely adopted, the industry has grown. Organizations can discover and reduce issues such as unwanted assets by integrating ERP with IoT-based devices. Furthermore, IoT technology automates processes, ensuring that plant operations function smoothly without the need for human intervention. 

ERP Software Market Share

The major players in global Enterprise Resource Planning (ERP) Software market include SAP, Oracle, Sage, etc. The top 3 players occupy about 45% shares of the global market. North America and China are main markets, they occupy about 35% of the global market. On premise ERP is the main type, with a share about 60%. Manufacturing is the main application, which holds a share about 30%.

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ERP Software Market Segmentation 

By Type

By Application

  • Manufacturing
  • BFSI
  • Healthcare
  • Aerospace & Defense
  • Telecom
  • Others

By Region

North America

  • United States
  • Canada

Europe

  • Germany
  • France
  • UK.
  • Italy
  • Russia
  • Nordic
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Australia
  • Rest of Asia-Pacific

Latin America

  • Mexico
  • Brazil

Middle East & Africa

  • Turkey
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa

In the competitive analysis section of the report, leading as well as prominent players of the global Enterprise Resource Planning market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.

Key Companies

  • SAP
  • Oracle
  • Sage
  • Infor
  • Microsoft
  • Kronos
  • Epicor
  • IBM
  • Totvs
  • Workday
  • UNIT4
  • YonYou
  • Cornerstone
  • Kingdee
  • Digiwin.

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