Enterprise Resource Planning Software Market Size to Grow by USD 29,213.61 million From 2022 to 2027- Technavio

NEW YORK, Oct. 27, 2023 /PRNewswire/ — The enterprise resource planning (ERP) software market size is expected to increase by USD 29,213.61 million from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of  9.93% during the forecast period. Discover Application Software industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The enterprise resource planning (ERP) software market covers the following areas:

Enterprise Resource Planning (ERP) Software Market Market Sizing
Enterprise Resource Planning (ERP) Software Market Market Forecast
Enterprise Resource Planning (ERP) Software Market Market Analysis

Vendor Landscape

The enterprise resource planning (ERP) software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Acumatica Inc. – The company offers enterprise resource planning software such as Cloud ERP.Computer Generated Solutions Inc. – The company offers enterprise resource planning software such as BlueCherry Enterprise Resource Planning.Dassault Systemes SE – The company offers enterprise resource planning software such as the 3DEXPERIENCE Cloud platform.

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Enterprise Resource Planning Software Market – Key Market Segmentation

This report extensively covers market segmentation by type (cloud-based and on-premise), end-user (manufacturing, BFSI, healthcare, IT and telecom, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

The market share growth by the cloud-based segment will be significant during the forecast period. With the advent of cloud computing, the global ERP software market is undergoing a technological shift driven.  Over the last five years, the revenues from the cloud-based ERP segment have grown at a rapid rate, and the trend is expected to continue during the forecast period. The cloud-based ERP segment is expected to dominate the market and account for a significant contribution to the incremental growth of the global ERP software market during the forecast period. Generally, cloud-based ERP software is hosted in remote data centres, allowing users to access the software through the Internet. Cloud-based ERP software offers several advantages, such as real-time application performance analytics, regular security updates, global accessibility from any location, and scalability. In addition, the growth of this segment is primarily attributed to the increasing adoption of enterprise resource planning (ERP) software, which is driven by an upsurge in the global demand for the enterprise resource planning (ERP) software industry.

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Enterprise Resource Planning Software Market – Regional Market Outlook

·         North America is estimated to account for 42% of the global market growth during the forecast period.  Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In North America, ERP software is one of the primary segments of the enterprise software market. The US and Canada are the significant revenue contributors to the ERP software market in this region.  In addition, future investments by enterprises in ERP software in this region will be driven by their demand to integrate existing ERP platforms with advanced technologies such as blockchain, AI, and the Internet of Things (IoT)-enabled applications and data analytics. Vendors that offer in-built application programming interfaces (APIs) for these advanced technologies will have the possibility to generate additional revenues through product upgrades and maintenance fees. Additionally, a rise in the demand for business process efficiency and transparency through digital transformation is also driving the adoption of ERP software in this region. The applications of ERP software are expected to drive the growth of the market in North America during the forecast period.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

Companies Mentioned

Acumatica Inc.Computer Generated Solutions Inc.Dassault Systemes SEEllucian Co. LPEpicor Software Corp.Koch Industries Inc.Microsoft Corp.Odoo SAOracle Corp.Roper Technologies Inc.Sage Group PlcSalesforce.com Inc.SAP SESYSPRO Pty. Ltd.TOTVS SAUKG Inc.Unit4 NVWorkday Inc.IFS World Operations ABServiceNow Inc.

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Enterprise Resource Planning Software Market – – Market Dynamics

Major Driver

The increasing demand for ERP software from SMEs is notably driving the enterprise resource planning (ERP) software market growth. ERP software is crucial for enterprises across all end-user organizations that focus on enhancing their operational and business process efficiency. SMEs, which used standalone applications for each of their business functions, have started switching to ERP software that allows the integration of numerous functions into a single integrated application. They are majorly adopting ERP for its benefits, such as better planning and resource management, streamlining of data under one platform, regulating their operational costs, improved decision-making, and improved sales. SMEs are migrating from paper-based operations to system-based ERP automation software for business analysis and their operations. ERP is being implemented across SMEs for better management of their business operations through a centralized management system, along with improved collaboration, productivity, simplified compliance, and risk management. These factors are especially driving the adoption of ERP among SMEs which, in turn, will drive the growth of the market during the forecast period.

Significant Trends

Embedded data analytics features are an emerging trend driving the enterprise resource planning (ERP) software market growth. To support the real-time generation of data, the architecture and design of ERP software are also evolving. Modern ERP systems leverage transactional ERP data and in-memory computing to allow advanced reporting and analytics of data. However, these capabilities are being incorporated within the ERP software’s architecture, enabling ERP end-users to execute simulation, planning, modelling, and forecasting without the need for standalone analytics applications. In addition, these extended analytical capabilities embedded within the ERP software can help enterprises enhance their response time to the market demand for their products. For instance, the supply chain of a manufacturer, which sources raw materials from different parts of the world, can become more efficient using the analytical features of the ERP software. Real-time analytics can help the manufacturer to start manufacturing as soon as the order is received, without the need to store excess inventory and stop accepting orders that could not be completed within the timelines. Such factors will propel the growth of the market during the forecast period.

Key Challenges

The increasing number of cyberattacks on ERP software may hinder the enterprise resource planning (ERP) software market growth. ERP software delivers a direct and critical link to all elements of a business. Thus, cybercriminals have started hacking ERP platforms used by their target companies to hurt their business operations. End-users of ERP software are increasingly becoming the target of cyber attackers and criminals and are facing significant issues in maintaining production efficiency. The lack of proper IT security infrastructure is making enterprise systems vulnerable to threats, thus resulting in cyberattacks such as distributed denial-of-service (DDoS), which are desired at disrupting business operations.ERP systems contain a company’s sensitive information and business-critical data, which is highly attractive to hackers. Therefore, the rise in the number of cyberattacks can impede the growth of the global ERP software market during the forecast period.

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Key Topics Covered:

1 Executive Summary

1.1 Market Overview Exhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart of Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by TypeExhibit 06: Executive Summary – Chart on Market Segmentation by End-userExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem Exhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition Exhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 2022 3.4 Market outlook: Forecast for 2022-2027Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (USD million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global enterprise Resource planning (ERP) software market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on Global enterprise Resource planning (ERP) software market 2017 – 2021 (USD million)4.2 Type Segment Analysis 2017 – 2021 Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 (USD million)4.3 End-user Segment Analysis 2017 – 2021Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 (USD million)4.4 Geography Segment Analysis 2017 – 2021Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD million)4.5 Country Segment Analysis 2017 – 2021Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD million)

5 Five Forces Analysis

5.1 Five forces summary Exhibit 23: Five forces analysis – Comparison between2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalry Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market condition Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments Exhibit 30: Chart on Type – Market share 2022-2027 (%)Exhibit 31: Data Table on Type – Market share 2022-2027 (%)6.2 Comparison by Type Exhibit 32: Chart on Comparison by TypeExhibit 33: Data Table on Comparison by Type6.3 Cloud-based – Market size and forecast 2022-2027Exhibit 34: Chart on Cloud-based – Market size and forecast 2022-2027 (USD million)Exhibit 35: Data Table on Cloud-based – Market size and forecast 2022-2027 (USD million)Exhibit 36: Chart on Cloud-based – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Cloud-based – Year-over-year growth 2022-2027 (%)6.4 On-premise – Market size and forecast 2022-2027Exhibit 38: Chart on On-premise – Market size and forecast 2022-2027 (USD million)Exhibit 39: Data Table on On-premise – Market size and forecast 2022-2027 (USD million)Exhibit 40: Chart on On-premise – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on On-premise – Year-over-year growth 2022-2027 (%)6.5 Market opportunity by Type Exhibit 42: Market opportunity by Type (USD million)

7 Market Segmentation by End-user

7.1 Market segments Exhibit 43: Chart on End-user – Market share 2022-2027 (%)Exhibit 44: Data Table on End-user – Market share 2022-2027 (%)7.2 Comparison by End-user Exhibit 45: Chart on Comparison by End-userExhibit 46: Data Table on Comparison by End-user7.3 Manufacturing – Market size and forecast 2022-2027Exhibit 47: Chart on Manufacturing – Market size and forecast 2022-2027 (USD million)Exhibit 48: Data Table on Manufacturing – Market size and forecast 2022-2027 (USD million)Exhibit 49: Chart on Manufacturing – Year-over-year growth 2022-2027 (%)Exhibit 50: Data Table on Manufacturing – Year-over-year growth 2022-2027 (%)7.4 BFSI – Market size and forecast 2022-2027Exhibit 51: Chart on BFSI – Market size and forecast 2022-2027 (USD million)Exhibit 52: Data Table on BFSI – Market size and forecast 2022-2027 (USD million)Exhibit 53: Chart on BFSI – Year-over-year growth 2022-2027 (%)Exhibit 54: Data Table on BFSI – Year-over-year growth 2022-2027 (%)7.5 Healthcare – Market size and forecast 2022-2027Exhibit 55: Chart on Healthcare – Market size and forecast 2022-2027 (USD million)Exhibit 56: Data Table on Healthcare – Market size and forecast 2022-2027 (USD million)Exhibit 57: Chart on Healthcare – Year-over-year growth 2022-2027 (%)Exhibit 58: Data Table on Healthcare – Year-over-year growth 2022-2027 (%)7.6 IT and Telecom – Market size and forecast 2022-2027Exhibit 59: Chart on IT and Telecom – Market size and forecast 2022-2027 (USD million)Exhibit 60: Data Table on IT and Telecom – Market size and forecast 2022-2027 (USD million)Exhibit 61: Chart on IT and Telecom – Year-over-year growth 2022-2027 (%)Exhibit 62: Data Table on IT and Telecom – Year-over-year growth 2022-2027 (%)7.7 Others – Market size and forecast 2022-2027Exhibit 63: Chart on Others – Market size and forecast 2022-2027 (USD million)Exhibit 64: Data Table on Others – Market size and forecast 2022-2027 (USD million)Exhibit 65: Chart on Others – Year-over-year growth 2022-2027 (%)Exhibit 66: Data Table on Others – Year-over-year growth 2022-2027 (%)7.8 Market opportunity by End-user Exhibit 67: Market opportunity by End-user (USD million)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 69: Chart on Market share by geography 2022-2027 (%)Exhibit 70: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 71: Chart on Geographic comparisonExhibit 72: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027Exhibit 73: Chart on North America – Market size and forecast 2022-2027 (USD million)Exhibit 74: Data Table on North America – Market size and forecast 2022-2027 (USD million)Exhibit 75: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 76: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 Europe – Market size and forecast 2022-2027Exhibit 77: Chart on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 78: Data Table on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 79: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 80: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.5 APAC – Market size and forecast 2022-2027Exhibit 81: Chart on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 82: Data Table on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 83: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.6 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 85: Chart on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 86: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 87: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.7 South America – Market size and forecast 2022-2027Exhibit 89: Chart on South America – Market size and forecast 2022-2027 (USD million)Exhibit 90: Data Table on South America – Market size and forecast 2022-2027 (USD million)Exhibit 91: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on South America – Year-over-year growth 2022-2027 (%)9.8 US – Market size and forecast 2022-2027Exhibit 93: Chart on US – Market size and forecast 2022-2027 (USD million)Exhibit 94: Data Table on US – Market size and forecast 2022-2027 (USD million)Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)9.9 Germany – Market size and forecast 2022-2027Exhibit 97: Chart on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 98: Data Table on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 99: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.10 China – Market size and forecast 2022-2027Exhibit 101: Chart on China – Market size and forecast 2022-2027 (USD million)Exhibit 102: Data Table on China – Market size and forecast 2022-2027 (USD million)Exhibit 103: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 104: Data Table on China – Year-over-year growth 2022-2027 (%)9.11 Canada – Market size and forecast 2022-2027Exhibit 105: Chart on Canada – Market size and forecast 2022-2027 (USD million)Exhibit 106: Data Table on Canada – Market size and forecast 2022-2027 (USD million)Exhibit 107: Chart on Canada – Year-over-year growth 2022-2027 (%)Exhibit 108: Data Table on Canada – Year-over-year growth 2022-2027 (%)9.12 Mexico – Market size and forecast 2022-2027Exhibit 109: Chart on Mexico – Market size and forecast 2022-2027 (USD million)Exhibit 110: Data Table on Mexico – Market size and forecast 2022-2027 (USD million)Exhibit 111: Chart on Mexico – Year-over-year growth 2022-2027 (%)Exhibit 112: Data Table on Mexico – Year-over-year growth 2022-2027 (%)9.13 Japan – Market size and forecast 2022-2027Exhibit 113: Chart on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 114: Data Table on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 115: Chart on Japan – Year-over-year growth 2022-2027 (%)Exhibit 116: Data Table on Japan – Year-over-year growth 2022-2027 (%)9.14 Market opportunity by geography Exhibit 117: Market opportunity by geography (USD million)

10 Drivers, Challenges, and Trends

10.1 Market drivers 10.2 Market challenges 10.3 Impact of drivers and challenges Exhibit 118: Impact of drivers and challenges in 2022 and 202710.4 Market trends 

11 Vendor Landscape

11.1 Overview 11.2 Vendor landscape Exhibit 119: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruption Exhibit 120: Overview on factors of disruption11.4 Industry risks Exhibit 121: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered Exhibit 122: Vendors covered12.2 Market positioning of vendors Exhibit 123: Matrix on vendor position and classification12.3 Acumatica Inc. Exhibit 124: Acumatica Inc. – OverviewExhibit 125: Acumatica Inc. – Product / ServiceExhibit 126: Acumatica Inc. – Key newsExhibit 127: Acumatica Inc. – Key offerings12.4 Computer Generated Solutions Inc. Exhibit 128: Computer Generated Solutions Inc. – OverviewExhibit 129: Computer Generated Solutions Inc. – Product / ServiceExhibit 130: Computer Generated Solutions Inc. – Key offerings12.5 Dassault Systemes SE Exhibit 131: Dassault Systemes SE – OverviewExhibit 132: Dassault Systemes SE – Product / ServiceExhibit 133: Dassault Systemes SE – Key newsExhibit 134: Dassault Systemes SE – Key offerings12.6 Ellucian Co. LP Exhibit 135: Ellucian Co. LP – OverviewExhibit 136: Ellucian Co. LP – Product / ServiceExhibit 137: Ellucian Co. LP – Key offerings12.7 Epicor Software Corp. Exhibit 138: Epicor Software Corp. – OverviewExhibit 139: Epicor Software Corp. – Product / ServiceExhibit 140: Epicor Software Corp. – Key offerings12.8 IFS World Operations AB Exhibit 141: IFS World Operations AB – OverviewExhibit 142: IFS World Operations AB – Business segmentsExhibit 143: IFS World Operations AB – Key offeringsExhibit 144: IFS World Operations AB – Segment focus12.9 Koch Industries Inc. Exhibit 145: Koch Industries Inc. – OverviewExhibit 146: Koch Industries Inc. – Product / ServiceExhibit 147: Koch Industries Inc. – Key newsExhibit 148: Koch Industries Inc. – Key offerings12.10 Microsoft Corp. Exhibit 149: Microsoft Corp. – OverviewExhibit 150: Microsoft Corp. – Business segmentsExhibit 151: Microsoft Corp. – Key newsExhibit 152: Microsoft Corp. – Key offeringsExhibit 153: Microsoft Corp. – Segment focus12.11 Odoo SA Exhibit 154: Odoo SA – OverviewExhibit 155: Odoo SA – Product / ServiceExhibit 156: Odoo SA – Key offerings12.12 Oracle Corp. Exhibit 157: Oracle Corp. – OverviewExhibit 158: Oracle Corp. – Business segmentsExhibit 159: Oracle Corp. – Key newsExhibit 160: Oracle Corp. – Key offeringsExhibit 161: Oracle Corp. – Segment focus12.13 Roper Technologies Inc. Exhibit 162: Roper Technologies Inc. – OverviewExhibit 163: Roper Technologies Inc. – Business segmentsExhibit 164: Roper Technologies Inc. – Key offeringsExhibit 165: Roper Technologies Inc. – Segment focus12.14 Sage Group Plc Exhibit 166: Sage Group Plc – OverviewExhibit 167: Sage Group Plc – Business segmentsExhibit 168: Sage Group Plc – Key newsExhibit 169: Sage Group Plc – Key offeringsExhibit 170: Sage Group Plc – Segment focus12.15 Salesforce.com Inc. Exhibit 171: Salesforce.com Inc. – OverviewExhibit 172: Salesforce.com Inc. – Product / ServiceExhibit 173: Salesforce.com Inc. – Key newsExhibit 174: Salesforce.com Inc. – Key offerings12.16 SAP SE Exhibit 175: SAP SE – OverviewExhibit 176: SAP SE – Business segmentsExhibit 177: SAP SE – Key newsExhibit 178: SAP SE – Key offeringsExhibit 179: SAP SE – Segment focus12.17 UKG Inc. Exhibit 180: UKG Inc. – OverviewExhibit 181: UKG Inc. – Product / ServiceExhibit 182: UKG Inc. – Key offerings

13 Appendix

13.1 Scope of the report 13.2 Inclusions and exclusions checklistExhibit 183: Inclusions checklistExhibit 184: Exclusions checklist13.3 Currency conversion rates for USUSDExhibit 185: Currency conversion rates for USUSD13.4 Research methodology Exhibit 186: Research methodologyExhibit 187: Validation techniques employed for market sizingExhibit 188: Information sources13.5 List of abbreviations Exhibit 189: List of abbreviations

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