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