Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Enterprise Resource Planning (ERP) Software Market Size
The global enterprise resource planning (ERP) software market reached a value of almost USD 47.62 billion in 2023. The market is further expected to grow at a CAGR of 8.0% between 2024 and 2032.
Enterprise Resource Planning (ERP) Software Market Outlook
- As of 2022, 27% of companies were using ERP software to manage sales operations. This has increased market’s revenue.
- Manufacturing companies stand out as the primary adopters of ERP software, holding the top position in the ERP user base.
- As per industry reports, around 28% of companies reported positive ROI within a year of ERP software use.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Enterprise Resource Planning (ERP) Software Market Growth
The enterprise resource planning (ERP) software is a software which enables business process management and helps an organisation achieve good management of the business using integrated applications system, along with the automation of several back-office functions associated with technology, services, and human resources. It is used by businesses to manage daily activities such as procurement, accounting, project management, and risk management.
The growing focus of the organisations on adopting enterprise resource planning software for workflow automation is anticipated to provide a positive enterprise resource planning (ERP) software market outlook in the coming years. ERP helps integrate business process and improve efficiency across departments. As per industry reports, ERP systems can reduce administrative costs by 22% and improve efficiency and productivity. Further, ERP also comes with customer relationship management (CRM) features that help streamline customer data, along with improved tracking and visibility features that help report and analyse business metrics. These factors are anticipated to bolster the market’s growth in the forecast period.
Key Trends and Developments
Rising popularity of cloud-based ERP solutions and development of user-friendly interfaces are factors influencing the enterprise resource planning (ERP) software market development
June 2024
Epicor, a mid-market ERP software provider, is capitalising on the growing manufacturing boom in Southeast Asia. The company has seen significant growth in the region, with its software business increasing by "several hundred percent" over the past seven years.
May 2024
Forterro, a European provider of ERP software solutions, has launched Fortee, a cloud-based ERP solution designed specifically for SME discrete manufacturers and industrial startups. The solution is based on 15 years of cloud-ERP learning and is easy to implement.
April 2024
IFS, an ERP software provider, is integrating AI and automation into its solutions to boost business productivity. The company aims to make AI an integral part of daily operations, enhancing capabilities like reporting, forecasting, and decision-making.
March 2024
A study by Technology Spending Intentions showed that 53% of IT decision-makers in Europe and MEA are focusing on project management, followed by ERP at 50%. The survey highlights that using intelligent process management tools, such as ERP, can boost efficiency.
Increased adoption by small and medium-sized businesses
SMEs are increasingly adopting ERP software to streamline their operations and improve competitiveness. As per industry reports, 64% of companies are planning to implement ERP within the next three years, which can propel enterprise resource planning (ERP) software market growth.
Rising popularity of cloud-based ERP solutions
Cloud-based ERP solutions are gaining popularity due to their flexibility, scalability, cost-effectiveness, and the need to improve operational efficiency. Unit 4 Company recently collaborated with Enbridge Consulting to provide SaaS-based ERP systems for medium-sized businesses.
Integration with emerging technologies
ERP software is being integrated with artificial intelligence, blockchain, and the Internet of Things (IoT) to enhance business operations. This integration is expected to improve data analysis, supply chain management, decision-making, and customer engagement.
Enterprise Resource Planning (ERP) Software Market Trends
The business intelligence, big data, and analytics capabilities are coming up as attractive sectors for the market for ERP, where ERPs will be used for more than just data reporting, further enabling customers to make quick decisions. The growing digitalisation and evolving customer demands are resulting in a need for continuous improvements. For this, the leading companies such as Oracle are expanding their AI capabilities by making significant investments.
Further, the rapid growth of the manufacturing sector, coupled with the shift towards automation is expected to significantly enhance the adoption of ERP software in the sector. Thus, the technological innovations and adoptions are expected to fuel enterprise resource planning (ERP) software market expansion during the forecast period.
Moreover, the market is witnessing an increasing demand for hybrid ERP software due to its perfect amalgamation of in-house ERP and cloud-based ERP applications. Many organisations want to improve ERP functionality without changing or adding the in-house legacy system, driving the penetration of hybrid ERP software.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Enterprise Resource Planning (ERP) Software Industry Segmentation
The EMR’s report titled “Enterprise Resource Planning (ERP) Software Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Deployment Type
- SaaS and Cloud
- On Premise
Market Breakup by Industry Vertical
- Manufacturing
- BFSI
- Healthcare
- Retail and Distribution
- Government and Utilities
- IT and Telecom
- Aerospace & Defence
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Enterprise Resource Planning (ERP) Software Market Share
Cloud deployment mode segment is gaining traction due to its efficacy, scalability, and ease of use
The cloud-based ERP software are increasingly being preferred over the on-premises solution, due to its favourable features, such as cost-effective implementation, reduced operational cost, improved business agility, and ease of start-up and maintenance. As per industry reports, 96% of companies believe that most of their data will be cloud-based in 5 years, and 76% of businesses have moved or started to move on-premises ERP to the Cloud.
The on-premises deployment mode segment generated the maximum market revenue in 2020, with around half of the total market share. However, the segment is expected to experience a slower growth rate compared to the cloud segment due to the increasing adoption of cloud-based solutions.
As per enterprise resource planning (ERP) software market analysis, the growing demand for cloud and mobile applications, the need for operational efficiency and transparency in business processes, and the rise in data generation through different supply chains are key drivers for the growth of the cloud deployment mode segment. Additionally, the increasing adoption of connected devices that effectively manage business operations and provide real-time insights allows business owners to opt for cloud-based ERP solutions to process excessive data efficiently.
Manufacturing industries extensively use ERP software to streamline their business operations
The manufacturing segment is expected to dominate the enterprise resource planning (ERP) software market share due to the increasing adoption of ERP software to manage their supply chain, inventory, and production processes effectively. The BFSI segment is also expected to have a significant market share due to the increasing adoption of ERP software in the banking and financial services sector. ERP software helps BFSI companies manage their financial transactions, customer relationships, and supply chain operations effectively. The healthcare segment is expected to have a moderate market share as ERP software helps healthcare companies manage their patient records, medical supplies, and financial transactions effectively.
Leading Companies in the Enterprise Resource Planning (ERP) Software Market
Market players are focused on developing software with added AI technologies to cater to the evolving needs of organisations across various sectors
Sage Group plc was founded in 1981 and is headquartered in Newcastle upon Tyne, England. The company offers enterprise resource planning (ERP) software, customer relationship management (CRM) software, human resource management software, and online payments. It provides software development, implementation, and support services for SMEs.
Chetu Inc. was founded in 2000 and is headquartered in Florida, United States. It provides custom software development, process and systems design, business intelligence and reporting, systems integration, testing, maintenance, and support services for healthcare, retail, and finance industries.
Oracle Corporation was founded in 1977 and is headquartered in California, United States. It provides software development, implementation, and support services for large-scale enterprise operations. The company also offers database management systems, enterprise resource planning (ERP) software, customer relationship management (CRM) software, and cloud computing services.
Pegasystems Inc. was founded in 1983 and is headquartered in Massachusetts, United States. The company offers a range of products, including low-code workflow automation, generative AI-powered decisioning, customer relationship management (CRM) software, business process management (BPM) software, and more.
Other key players in the global enterprise resource planning (ERP) software market include Infor, Microsoft Corporation, and SAP SE, among others.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Enterprise Resource Planning (ERP) Software Market Analysis by Region
North America has a substantial market share, driven by the need to automate business functionalities and the presence of numerous market players
North America is expected to have a dominant share due to the rising adoption of ERP software by small and medium-sized companies, increasing investments by ERP vendors in software development with the latest technologies, and the presence of numerous market players. For instance, IBM extended its partnership with SAP SE in May 2022, aiming to use SAP ERP software and migrate to SAP S/4HANA across 120 countries and support AI-driven decision-making and automate workflows. The region's growth is driven by the need to automate business functionalities through digital methods, with key regional players investing in research and development activities to develop enhanced ERP solutions.
According to enterprise resource planning (ERP) software market report, share of Asia Pacific is expected to grow significantly due to the booming manufacturing sector and growing small and medium enterprises. Additionally, the increasing number of start-ups and their rising demand for cloud-based solutions is further anticipated to boost the market growth. For instance, in October 2023, India had over 1,12,718 DPIIT-recognised startups across 763 sectors, while Australia, in 2021, had around 18,000 technology start-ups. The region's growth is also driven by the continually evolving industry verticals, including manufacturing, BFSI, and transportation & logistics.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Deployment Type |
|
| Breakup by Industry Vertical |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Enterprise Resource Planning (ERP) Software Market Report Snapshots
Enterprise Resource Planning (ERP) Software Market Size
Enterprise Resource Planning (ERP) Software Market Growth
Enterprise Resource Planning (ERP) Software Market Trends
Enterprise Resource Planning (ERP) Software Market Share
Enterprise Resource Planning (ERP) Software Companies
Enterprise Resource Planning (ERP) Software Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2023, the enterprise resource planning (ERP) software market reached an approximate value of USD 47.62 billion.
The market is expected to grow at a CAGR of 8.0% between 2024 and 2032.
The major drivers of the market include adoption of SMBs and SaaS in the industry, rising application in the healthcare industry, rising construction activities are expected to aid the industry growth.
Key trends aiding market expansion include the emerging trend of the on-the-go feature, increasing adoption of remote working models, growth of e-commerce channels, and increasing digitisation of business processes.
The major deployment modes of enterprise resource planning (ERP) software in the market are SaaS and cloud, and on premise.
The significant industry verticals in the market are manufacturing, BFSI, healthcare, retail and distribution, government and utilities, IT and telecom, construction, aerospace and defence, among others.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key players in the market are Sage Group plc, Chetu Inc., Oracle Corporation, Pegasystems Inc., Infor, Microsoft Corporation, and SAP SE, among others.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124