Enterprise Resource Planning Software Market Size to Grow by USD 29,213.61 million From 2022 to 2027- Technavio

NEW YORK, Oct. 27, 2023 /PRNewswire/ -- The enterprise resource planning (ERP) software market size is expected to increase by USD 29,213.61 million from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of  9.93% during the forecast period. Discover Application Software industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The enterprise resource planning (ERP) software market covers the following areas:

Enterprise Resource Planning (ERP) Software Market Market Sizing
Enterprise Resource Planning (ERP) Software Market Market Forecast
Enterprise Resource Planning (ERP) Software Market Market Analysis

Vendor Landscape

The enterprise resource planning (ERP) software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

• Acumatica Inc. - The company offers enterprise resource planning software such as Cloud ERP.
• Computer Generated Solutions Inc. - The company offers enterprise resource planning software such as BlueCherry Enterprise Resource Planning.
• Dassault Systemes SE - The company offers enterprise resource planning software such as the 3DEXPERIENCE Cloud platform.

For the market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View Sample in a minutes

Enterprise Resource Planning Software Market - Key Market Segmentation

This report extensively covers market segmentation by type (cloud-based and on-premise), end-user (manufacturing, BFSI, healthcare, IT and telecom, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

• The market share growth by the cloud-based segment will be significant during the forecast period. With the advent of cloud computing, the global ERP software market is undergoing a technological shift driven.  Over the last five years, the revenues from the cloud-based ERP segment have grown at a rapid rate, and the trend is expected to continue during the forecast period. The cloud-based ERP segment is expected to dominate the market and account for a significant contribution to the incremental growth of the global ERP software market during the forecast period. Generally, cloud-based ERP software is hosted in remote data centres, allowing users to access the software through the Internet. Cloud-based ERP software offers several advantages, such as real-time application performance analytics, regular security updates, global accessibility from any location, and scalability. In addition, the growth of this segment is primarily attributed to the increasing adoption of enterprise resource planning (ERP) software, which is driven by an upsurge in the global demand for the enterprise resource planning (ERP) software industry.

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Enterprise Resource Planning Software Market - Regional Market Outlook

·         North America is estimated to account for 42% of the global market growth during the forecast period.  Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In North America, ERP software is one of the primary segments of the enterprise software market. The US and Canada are the significant revenue contributors to the ERP software market in this region.  In addition, future investments by enterprises in ERP software in this region will be driven by their demand to integrate existing ERP platforms with advanced technologies such as blockchain, AI, and the Internet of Things (IoT)-enabled applications and data analytics. Vendors that offer in-built application programming interfaces (APIs) for these advanced technologies will have the possibility to generate additional revenues through product upgrades and maintenance fees. Additionally, a rise in the demand for business process efficiency and transparency through digital transformation is also driving the adoption of ERP software in this region. The applications of ERP software are expected to drive the growth of the market in North America during the forecast period.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

Companies Mentioned

• Acumatica Inc.
• Computer Generated Solutions Inc.
• Dassault Systemes SE
• Ellucian Co. LP
• Epicor Software Corp.
• Koch Industries Inc.
• Microsoft Corp.
• Odoo SA
• Oracle Corp.
• Roper Technologies Inc.
• Sage Group Plc
• Salesforce.com Inc.
• SAP SE
• SYSPRO Pty. Ltd.
• TOTVS SA
• UKG Inc.
• Unit4 NV
• Workday Inc.
• IFS World Operations AB
• ServiceNow Inc.

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Enterprise Resource Planning Software Market - - Market Dynamics

Major Driver

The increasing demand for ERP software from SMEs is notably driving the enterprise resource planning (ERP) software market growth. ERP software is crucial for enterprises across all end-user organizations that focus on enhancing their operational and business process efficiency. SMEs, which used standalone applications for each of their business functions, have started switching to ERP software that allows the integration of numerous functions into a single integrated application. They are majorly adopting ERP for its benefits, such as better planning and resource management, streamlining of data under one platform, regulating their operational costs, improved decision-making, and improved sales. SMEs are migrating from paper-based operations to system-based ERP automation software for business analysis and their operations. ERP is being implemented across SMEs for better management of their business operations through a centralized management system, along with improved collaboration, productivity, simplified compliance, and risk management. These factors are especially driving the adoption of ERP among SMEs which, in turn, will drive the growth of the market during the forecast period.

Significant Trends

Embedded data analytics features are an emerging trend driving the enterprise resource planning (ERP) software market growth. To support the real-time generation of data, the architecture and design of ERP software are also evolving. Modern ERP systems leverage transactional ERP data and in-memory computing to allow advanced reporting and analytics of data. However, these capabilities are being incorporated within the ERP software's architecture, enabling ERP end-users to execute simulation, planning, modelling, and forecasting without the need for standalone analytics applications. In addition, these extended analytical capabilities embedded within the ERP software can help enterprises enhance their response time to the market demand for their products. For instance, the supply chain of a manufacturer, which sources raw materials from different parts of the world, can become more efficient using the analytical features of the ERP software. Real-time analytics can help the manufacturer to start manufacturing as soon as the order is received, without the need to store excess inventory and stop accepting orders that could not be completed within the timelines. Such factors will propel the growth of the market during the forecast period.

Key Challenges

The increasing number of cyberattacks on ERP software may hinder the enterprise resource planning (ERP) software market growth. ERP software delivers a direct and critical link to all elements of a business. Thus, cybercriminals have started hacking ERP platforms used by their target companies to hurt their business operations. End-users of ERP software are increasingly becoming the target of cyber attackers and criminals and are facing significant issues in maintaining production efficiency. The lack of proper IT security infrastructure is making enterprise systems vulnerable to threats, thus resulting in cyberattacks such as distributed denial-of-service (DDoS), which are desired at disrupting business operations.ERP systems contain a company's sensitive information and business-critical data, which is highly attractive to hackers. Therefore, the rise in the number of cyberattacks can impede the growth of the global ERP software market during the forecast period.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart of Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (USD million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (USD million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global enterprise Resource planning (ERP) software market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global enterprise Resource planning (ERP) software market 2017 - 2021 (USD million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 (USD million)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 (USD million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (USD million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (USD million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Cloud-based - Market size and forecast 2022-2027
• Exhibit 34: Chart on Cloud-based - Market size and forecast 2022-2027 (USD million)
• Exhibit 35: Data Table on Cloud-based - Market size and forecast 2022-2027 (USD million)
• Exhibit 36: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)

• 6.4 On-premise - Market size and forecast 2022-2027
• Exhibit 38: Chart on On-premise - Market size and forecast 2022-2027 (USD million)
• Exhibit 39: Data Table on On-premise - Market size and forecast 2022-2027 (USD million)
• Exhibit 40: Chart on On-premise - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on On-premise - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type (USD million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 Manufacturing - Market size and forecast 2022-2027
• Exhibit 47: Chart on Manufacturing - Market size and forecast 2022-2027 (USD million)
• Exhibit 48: Data Table on Manufacturing - Market size and forecast 2022-2027 (USD million)
• Exhibit 49: Chart on Manufacturing - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Manufacturing - Year-over-year growth 2022-2027 (%)

• 7.4 BFSI - Market size and forecast 2022-2027
• Exhibit 51: Chart on BFSI - Market size and forecast 2022-2027 (USD million)
• Exhibit 52: Data Table on BFSI - Market size and forecast 2022-2027 (USD million)
• Exhibit 53: Chart on BFSI - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on BFSI - Year-over-year growth 2022-2027 (%)

• 7.5 Healthcare - Market size and forecast 2022-2027
• Exhibit 55: Chart on Healthcare - Market size and forecast 2022-2027 (USD million)
• Exhibit 56: Data Table on Healthcare - Market size and forecast 2022-2027 (USD million)
• Exhibit 57: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)

• 7.6 IT and Telecom - Market size and forecast 2022-2027
• Exhibit 59: Chart on IT and Telecom - Market size and forecast 2022-2027 (USD million)
• Exhibit 60: Data Table on IT and Telecom - Market size and forecast 2022-2027 (USD million)
• Exhibit 61: Chart on IT and Telecom - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on IT and Telecom - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 63: Chart on Others - Market size and forecast 2022-2027 (USD million)
• Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 (USD million)
• Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by End-user 
• Exhibit 67: Market opportunity by End-user (USD million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 (USD million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 (USD million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 (USD million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 (USD million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 (USD million)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 (USD million)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 (USD million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (USD million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 (USD million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 (USD million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 (USD million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 (USD million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 (USD million)
• Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 (USD million)
• Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 101: Chart on China - Market size and forecast 2022-2027 (USD million)
• Exhibit 102: Data Table on China - Market size and forecast 2022-2027 (USD million)
• Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027
• Exhibit 105: Chart on Canada - Market size and forecast 2022-2027 (USD million)
• Exhibit 106: Data Table on Canada - Market size and forecast 2022-2027 (USD million)
• Exhibit 107: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 Mexico - Market size and forecast 2022-2027
• Exhibit 109: Chart on Mexico - Market size and forecast 2022-2027 (USD million)
• Exhibit 110: Data Table on Mexico - Market size and forecast 2022-2027 (USD million)
• Exhibit 111: Chart on Mexico - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Mexico - Year-over-year growth 2022-2027 (%)

• 9.13 Japan - Market size and forecast 2022-2027
• Exhibit 113: Chart on Japan - Market size and forecast 2022-2027 (USD million)
• Exhibit 114: Data Table on Japan - Market size and forecast 2022-2027 (USD million)
• Exhibit 115: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.14 Market opportunity by geography 
• Exhibit 117: Market opportunity by geography (USD million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 Acumatica Inc. 
• Exhibit 124: Acumatica Inc. - Overview
• Exhibit 125: Acumatica Inc. - Product / Service
• Exhibit 126: Acumatica Inc. - Key news
• Exhibit 127: Acumatica Inc. - Key offerings

• 12.4 Computer Generated Solutions Inc. 
• Exhibit 128: Computer Generated Solutions Inc. - Overview
• Exhibit 129: Computer Generated Solutions Inc. - Product / Service
• Exhibit 130: Computer Generated Solutions Inc. - Key offerings

• 12.5 Dassault Systemes SE 
• Exhibit 131: Dassault Systemes SE - Overview
• Exhibit 132: Dassault Systemes SE - Product / Service
• Exhibit 133: Dassault Systemes SE - Key news
• Exhibit 134: Dassault Systemes SE - Key offerings

• 12.6 Ellucian Co. LP 
• Exhibit 135: Ellucian Co. LP - Overview
• Exhibit 136: Ellucian Co. LP - Product / Service
• Exhibit 137: Ellucian Co. LP - Key offerings

• 12.7 Epicor Software Corp. 
• Exhibit 138: Epicor Software Corp. - Overview
• Exhibit 139: Epicor Software Corp. - Product / Service
• Exhibit 140: Epicor Software Corp. - Key offerings

• 12.8 IFS World Operations AB 
• Exhibit 141: IFS World Operations AB - Overview
• Exhibit 142: IFS World Operations AB - Business segments
• Exhibit 143: IFS World Operations AB - Key offerings
• Exhibit 144: IFS World Operations AB - Segment focus

• 12.9 Koch Industries Inc. 
• Exhibit 145: Koch Industries Inc. - Overview
• Exhibit 146: Koch Industries Inc. - Product / Service
• Exhibit 147: Koch Industries Inc. - Key news
• Exhibit 148: Koch Industries Inc. - Key offerings

• 12.10 Microsoft Corp. 
• Exhibit 149: Microsoft Corp. - Overview
• Exhibit 150: Microsoft Corp. - Business segments
• Exhibit 151: Microsoft Corp. - Key news
• Exhibit 152: Microsoft Corp. - Key offerings
• Exhibit 153: Microsoft Corp. - Segment focus

• 12.11 Odoo SA 
• Exhibit 154: Odoo SA - Overview
• Exhibit 155: Odoo SA - Product / Service
• Exhibit 156: Odoo SA - Key offerings

• 12.12 Oracle Corp. 
• Exhibit 157: Oracle Corp. - Overview
• Exhibit 158: Oracle Corp. - Business segments
• Exhibit 159: Oracle Corp. - Key news
• Exhibit 160: Oracle Corp. - Key offerings
• Exhibit 161: Oracle Corp. - Segment focus

• 12.13 Roper Technologies Inc. 
• Exhibit 162: Roper Technologies Inc. - Overview
• Exhibit 163: Roper Technologies Inc. - Business segments
• Exhibit 164: Roper Technologies Inc. - Key offerings
• Exhibit 165: Roper Technologies Inc. - Segment focus

• 12.14 Sage Group Plc 
• Exhibit 166: Sage Group Plc - Overview
• Exhibit 167: Sage Group Plc - Business segments
• Exhibit 168: Sage Group Plc - Key news
• Exhibit 169: Sage Group Plc - Key offerings
• Exhibit 170: Sage Group Plc - Segment focus

• 12.15 Salesforce.com Inc. 
• Exhibit 171: Salesforce.com Inc. - Overview
• Exhibit 172: Salesforce.com Inc. - Product / Service
• Exhibit 173: Salesforce.com Inc. - Key news
• Exhibit 174: Salesforce.com Inc. - Key offerings

• 12.16 SAP SE 
• Exhibit 175: SAP SE - Overview
• Exhibit 176: SAP SE - Business segments
• Exhibit 177: SAP SE - Key news
• Exhibit 178: SAP SE - Key offerings
• Exhibit 179: SAP SE - Segment focus

• 12.17 UKG Inc. 
• Exhibit 180: UKG Inc. - Overview
• Exhibit 181: UKG Inc. - Product / Service
• Exhibit 182: UKG Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 183: Inclusions checklist
• Exhibit 184: Exclusions checklist

• 13.3 Currency conversion rates for USUSD
• Exhibit 185: Currency conversion rates for USUSD

• 13.4 Research methodology 
• Exhibit 186: Research methodology
• Exhibit 187: Validation techniques employed for market sizing
• Exhibit 188: Information sources

• 13.5 List of abbreviations 
• Exhibit 189: List of abbreviations

About US
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 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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Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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