Key Market Participants Analysis
- Acumatica Inc. - The company offers enterprise resource planning under the brand name Acumatica Cloud ERP.
- Epicor Software Corp. - The company offers enterprise resource planning and business management platforms for bistrack, cms automotive, eagle, and others.
- IFS World Operations AB - The company offers agile enterprise resource planning software for customer relationship management, finance, human capital management, and others.
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Enterprise Resource Planning Software Market 2021-2025: Segmentation
- Type
- Geography
- North America
- Europe
- APAC
- MEA
- South America
By type, the cloud-based segment will experience significant market share growth during the forecast period. The growth of this segment is driven by low upfront costs of cloud-based ERP.
By geography, North America is expected to account for 34% of the market's growth during the forecast period. An increase in the need for business process efficiency and transparency through digital transformation will drive the growth of the ERP software market in North America during the forecast period.
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Drivers and Challenges
The enterprise resource planning software market is driven by increasing demand for ERP software from SMEs, increasing demand for cloud-based applications, and increased operational efficiency associated with ERP software. However, factors such as the increasing number of cyberattacks on ERP software may impede market growth.
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Enterprise Resource Planning Software Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.96% |
Market growth 2021-2025 |
USD 24.69 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.50 |
Regional analysis |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
North America at 34% |
Key consumer countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Acumatica Inc., Epicor Software Corp., IFS World Operations AB, Koch Industries Inc., Microsoft Corp., Oracle Corp., Sage Group Plc, Salesforce.com Inc., SAP SE, and ServiceNow Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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