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