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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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.*
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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.
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