Enterprise Resource Planning (ERP) Software Market
Enterprise Resource Planning (ERP) Software Market Size, Share & Trends Analysis Report by Deployment Type(Cloud, On-premise, and Hybrid), by Industry Vertical(BFSI, Manufacturing, Construction, Aerospace and Defense, and Others (Education, Hospitality, Media and Entertainment)), and by Business Function (Supply Chain Management (SCM), Human Resource Management (HRM), Business Process Management (BPM), Product Lifecycle Management (PLM), and Others (Risk Management, Compliance Management, Sustainability Management)), Forecast Period (2023-2030)
Enterprise Resource Planning (ERP) software market is anticipated to grow at a considerable CAGR of 8.4% during the forecast period (2023-2030). The high adoption of ERP software owing to their offered benefits is driving the global market. The ERP software helps businesses manage their core operations. It integrates and centralizes an organization's resources, data, and operations across many departments. The growing demand for operational efficiency and transparency is further driving the market growth. Businesses are increasingly seeking ways to improve their operational efficiency and transparency. Operational efficiency refers to the extent to which a business can produce goods or services with minimal waste of resources. This includes using resources such as labor, materials, and equipment effectively. Transparency refers to the openness and clarity of a business's operations. This includes making information about the business's activities available to stakeholders, such as customers, employees, and investors. ERP software can help businesses to improve their operational efficiency and transparency in a number of ways. By streamlining processes, ERP software can help businesses to eliminate unnecessary steps and reduce redundancies. This can save time and money, and improve the overall efficiency of the business.
In October 2023, the maritime giant chose IFS to drive digital transformation and operational efficiency. IFS announced that Van Oord, an international marine contractor, chose IFS Cloud to automate and streamline its business functions. The implementation is scheduled to start at the beginning of 2024, with the plan to roll out the solution to 45 countries. Such huge adoption is further aiding to the global market growth.
Segmental Outlook
The global Enterprise Resource Planning (ERP) Software market is segmented on the deployment type, industry vertical, and business function. Based on the deployment type, the market is sub-segmented into cloud and on-premise. Based on the industry vertical, the market is sub-segmented into BFSI, manufacturing, construction, aerospace and defense, and others. Further, on the basis of business function, the market is sub-segmented into Supply Chain Management (SCM), Human Resource Management (HRM), Business Process Management (BPM), Product Lifecycle Management (PLM), And Others.
Manufacturing Sub-Segment is Anticipated to Hold a Considerable Share of the Global Enterprise Resource Planning (ERP) Software Market
Among the industry verticals, the manufacturing sub-segment is expected to hold a considerable share of the global ERP software market. Navigating the complexity of the manufacturing process, from raw material procurement to production planning, inventory management, and product distribution, ERP software emerges as a crucial enabler of streamlined operations, enhanced efficiency, and seamless workflows. Manufacturing companies face stringent quality control and regulatory compliance requirements, and ERP software proves invaluable in implementing quality control measures, maintaining adherence to industry standards, and ensuring product traceability. The manufacturing industry boasts a well-established ecosystem of ERP software providers, offering a comprehensive range of solutions tailored to the diverse needs and complexities of manufacturing operations. This competitive landscape cares for innovation and ensures that manufacturers have access to the latest ERP technologies, empowering them to navigate the complexities of their industry with confidence.
Regional Outlook
The global Enterprise Resource Planning (ERP) software market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, North America is anticipated to hold a prominent share of the market across the globe. North America was the first region to adopt ERP software on a large scale, and the region continues to be a leader in ERP technology adoption. North American businesses are increasingly demanding ERP software to improve their operational efficiency, streamline processes, and gain a competitive edge.
Global Enterprise Resource Planning (ERP) Software Market Growth, by Region 2023-2030
The European Region is Expected to Grow at a Significant CAGR in the Global Enterprise Resource Planning (ERP) Software Market
Among all regions, the European region is anticipated to grow at a considerable CAGR over the forecast period. The regional market growth is driven by the pursuit of enhanced operational efficiency, streamlined processes, and a competitive edge. Among European businesses are warmly embracing digital transformation initiatives. ERP software emerges as a pivotal enabler in these efforts, providing a centralized platform for data management, task automation, and decision optimization. Recognizing the value of ERP software in enhancing efficiency, productivity, and competitiveness, European small and medium-sized enterprises (SMEs) are increasingly adopting these solutions. To facilitate ERP adoption among SMEs, ERP vendors are diligently developing solutions specifically tailored to their needs. Europe's stringent data privacy regulations, such as the General Data Protection Regulation (GDPR), are driving the development of secure and compliant ERP software solutions. Businesses are actively seeking ERP systems that can stick to these regulations and safeguard sensitive customer data.?
Market Players Outlook
The major companies serving the Enterprise Resource Planning (ERP) Software market include Infor, Microsoft Corp., Oracle Corp., SAP SE, and Workday Inc. among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2023, PowerSchool acquired Neverskip. This synergistic acquisition seamlessly integrates Neverskip's robust ERP capabilities with PowerSchool's comprehensive solutions, establishing a unified technology platform for Indian schools. This powerful combination empowers schools to optimize operations, elevate student and staff success, and foster deeper family engagement. With this acquisition, PowerSchool immediately expands its reach to over 900 schools and 1.2 million students in India, laying a solid foundation for continued growth in the vast Indian education landscape.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Enterprise Resource Planning (ERP) Software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Business Function Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Infor
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Microsoft Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Oracle Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. SAP SE
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Workday, Inc.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Enterprise Resource Planning (ERP) Software Market by Deployment Type
4.1.1. Cloud
4.1.2. On-Premise
4.2. Global Enterprise Resource Planning (ERP) Software Market by Industry Vertical
4.2.1. BFSI
4.2.2. Manufacturing
4.2.3. Construction
4.2.4. Aerospace and Defense
4.2.5. Others (Education, Hospitality, Media and Entertainment)
4.3. Global Enterprise Resource Planning (ERP) Software Market by Business Function
4.3.1. Supply Chain Management (SCM)
4.3.2. Human Resource Management (HRM)
4.3.3. Business Process Management (BPM)
4.3.4. Product Lifecycle Management (PLM)
4.3.5. Others (Risk Management, Compliance Management, Sustainability Management)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Acumatica, Inc.
6.2. Epicor Software Corp.
6.3. Exact Systems Service
6.4. FreshBooks (2ndSite Inc.)
6.5. Industrial and Financial Systems
6.6. M-Files
6.7. Odoo SA
6.8. QAD Inc.
6.9. Rossum
6.10. Sage Group plc
6.11. SYSPRO Proprietary Ltd.
6.12. Unit4 Group Holding B.V.
6.13. Wave Financial Inc.
6.14. Xero Ltd.
6.15. Zoho Corporation Pvt. Ltd.
1. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2023-2030 ($ MILLION)
2. GLOBAL CLOUD BASED ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION,2023-2030 ($ MILLION)
3. GLOBAL ON-PREMISES BASED ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
4. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2023-2030 ($ MILLION)
5. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
6. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
7. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE FOR CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
8. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE FOR AEROSPACE AND DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
9. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE FOR OTHER INDUSTRY VERTICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
10. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2023-2030 ($ MILLION)
11. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE IN SUPPLY CHAIN MANAGEMENT (SCM) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
12. GLOBALENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE IN HUMAN RESOURCE MANAGEMENT (HRM) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
13. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE IN BUSINESS PROCESS MANAGEMENT (BPM) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
14. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE IN PRODUCT LIFESTYLE MANAGEMENT(PLM)MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
15. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE IN OTHER BUSINESS FUNCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
16. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
17. NORTH AMERICAN ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
18. NORTH AMERICAN ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2023-2030 ($ MILLION)
19. NORTH AMERICAN ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2023-2030 ($ MILLION)
20. NORTH AMERICAN ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2023-2030 ($ MILLION)
21. EUROPEAN ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
22. EUROPEAN ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2023-2030 ($ MILLION)
23. EUROPEAN ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2023-2030 ($ MILLION)
24. EUROPEAN ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2023-2030 ($ MILLION)
25. ASIA-PACIFICENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
26. ASIA-PACIFICENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2023-2030 ($ MILLION)
27. ASIA-PACIFICENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2023-2030 ($ MILLION)
28. ASIA-PACIFICENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2023-2030 ($ MILLION)
29. REST OF THE WORLD ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
30. REST OF THE WORLD ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2023-2030 ($ MILLION)
31. REST OF THE WORLD ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2023-2030 ($ MILLION)
32. REST OF THE WORLD ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2023-2030 ($ MILLION)
1. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SHARE BY DEPLOYMENT TYPE, 2023 VS 2030 (%)
2. GLOBAL CLOUD BASED ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SHARE BY REGION, 2023 VS 2030 (%)
3. GLOBAL ON-PREMISE BASED ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SHARE BY REGION, 2023 VS 2030 (%)
4. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SHARE BY INDUSTRY VERTICAL, 2023 VS 2030 (%)
5. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE FOR BFSI MARKET SHARE BY REGION, 2023 VS 2030 (%)
6. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE FOR MANUFACTURING MARKET SHARE BY REGION, 2023 VS 2030 (%)
7. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE FOR CONSTRUCTION MARKET SHARE BY REGION, 2023 VS 2030 (%)
8. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE FOR AEROSPACE AND DEFENSE MARKET SHARE BY REGION, 2023 VS 2030 (%)
9. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE FOR OTHER INDUSTRY VERTICAL MARKET SHARE BY REGION, 2023 VS 2030 (%)
10. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SHARE ANALYSIS BY BUSINESS FUNCTION, 2023-2030 ($ MILLION)
11. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE IN SUPPLY CHAIN MANAGEMENT (SCM) MARKET SHARE BY REGION, 2023 VS 2030 (%)
12. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE IN HUMAN RESOURCE MANAGEMENT (HRM) MARKET SHARE BY REGION, 2023 VS 2030 (%)
13. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE IN BUSINESS PROCESS MANAGEMENT (BPM) MARKET SHARE BY REGION, 2023 VS 2030 (%)
14. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE IN PRODUCT LIFESTYLE MANAGEMENT (PLM) MARKET SHARE BY REGION, 2023 VS 2030 (%)
15. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE IN OTHER BUSINESS FUNCTION MARKET SHARE BY REGION, 2023 VS 2030 (%)
16. GLOBAL ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SHARE BY REGION, 2023 VS 2030 (%)
17. US ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SIZE, 2023-2030 ($ MILLION)
18. CANADA ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SIZE, 2023-2030 ($ MILLION)
19. UK ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SIZE, 2023-2030 ($ MILLION)
20. FRANCE ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SIZE, 2023-2030 ($ MILLION)
21. GERMANY ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SIZE, 2023-2030 ($ MILLION)
22. ITALY ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SIZE, 2023-2030 ($ MILLION)
23. SPAIN ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SIZE, 2023-2030 ($ MILLION)
24. REST OF EUROPE ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SIZE, 2023-2030 ($ MILLION)
25. INDIA ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SIZE, 2023-2030 ($ MILLION)
26. CHINA ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SIZE, 2023-2030 ($ MILLION)
27. JAPAN ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SIZE, 2023-2030 ($ MILLION)
28. SOUTH KOREA ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SIZE, 2023-2030 ($ MILLION)
29. REST OF ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SIZE, 2023-2030 ($ MILLION)
30. REST OF THE WORLD ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET SIZE, 2023-2030 ($ MILLION)
