The Enterprise Resource Planning (ERP) Software Market is expected to grow at a CAGR of 11.69%, reaching a market size of US$1.05 trillion in 2030 from US$607.522 billion in 2025.
ERP software is an advanced computing software that allows businesses to manage their day-to-day operations by integrating, streamlining, and managing core business processes under a unified system. It combines a variety of business processes like accounting, procurement, risk management and compliance, human resources, etc.
The increasing use of technology to streamline operations, expanding internet access, and a notable rise in activity, especially among small and medium-sized enterprises, are expected to significantly contribute to the ERP market's expansion. Strong advancements in key end-user industries further support this growth. The ERP market consists of various elements that cover a wide range of software solutions, service providers, and specialized technologies to fulfill the requirements of businesses.
Surging investment and governmental support for small and medium enterprises (SMEs) are projected to support the market growth, creating scope for technology advancement and adoption, hence supporting the demand for ERP software. The SME sector has witnessed promising growth over the years and has been notably investing in technological upgradation and advancement. With the rise in computer technology inculcation to improve operations, the ERP software market is forecasted to witness promising growth.
A report published by the World Bank shows that small and medium enterprises account for 90% of global business and 50% of global employment generation. Reports by Oracle Netsuite, which is a leading provider of ERP Solutions, estimated that SMEs would grow at the rate of 7% through 2025 in the ERP market share.
The Asia-Pacific region is forecasted to grow fastest, owing to a surge in internet penetration and booming investments in small and medium-scale enterprises. The growing economics of the Asian region, along with the increase in demand for cloud-based solutions for startups, is driving the ERP software solutions market growth. China is expected to hold a dominating share in the Asia-Pacific ERP software market, while India is projected to grow at the fastest CAGR.
ERP software is an advanced computing software that allows businesses to manage their day-to-day operations by integrating, streamlining, and managing core business processes under a unified system. It combines a variety of business processes like accounting, procurement, risk management and compliance, human resources, etc.
The increasing use of technology to streamline operations, expanding internet access, and a notable rise in activity, especially among small and medium-sized enterprises, are expected to significantly contribute to the ERP market's expansion. Strong advancements in key end-user industries further support this growth. The ERP market consists of various elements that cover a wide range of software solutions, service providers, and specialized technologies to fulfill the requirements of businesses.
Enterprise resource planning (ERP) software market drivers
A rise in small and medium enterprise investment with economic development and start-up support is projected to nudge market growth.Surging investment and governmental support for small and medium enterprises (SMEs) are projected to support the market growth, creating scope for technology advancement and adoption, hence supporting the demand for ERP software. The SME sector has witnessed promising growth over the years and has been notably investing in technological upgradation and advancement. With the rise in computer technology inculcation to improve operations, the ERP software market is forecasted to witness promising growth.
A report published by the World Bank shows that small and medium enterprises account for 90% of global business and 50% of global employment generation. Reports by Oracle Netsuite, which is a leading provider of ERP Solutions, estimated that SMEs would grow at the rate of 7% through 2025 in the ERP market share.
Enterprise resource planning market geographical outlook
Asia-Pacific would be the fastest growing market for Enterprise Resource Planning Software Market
Region-wise, the global market is segmented into Asia-Pacific, North America, South America, Europe, Middle East and Africa. Asia-Pacific is expected to be the fastest-growingERP market in the forecasted period.The Asia-Pacific region is forecasted to grow fastest, owing to a surge in internet penetration and booming investments in small and medium-scale enterprises. The growing economics of the Asian region, along with the increase in demand for cloud-based solutions for startups, is driving the ERP software solutions market growth. China is expected to hold a dominating share in the Asia-Pacific ERP software market, while India is projected to grow at the fastest CAGR.
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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive IntelligenceReport Coverage:
- Historical data & forecasts from 2022 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The enterprise resource planning market is segmented and analyzed as follows:
By Deployment Type
- Cloud
- On-Premise
By Enterprise Size
- Small and Medium
- Large
By Industry Verticals
- BFSI
- Healthcare
- IT and Telecom
- Manufacturing
- Retail
- Others
By Function
- Finance
- Marketing and Sales Management
- Stock Management
- Others
By Geography
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET BY DEPLOYMENT TYPE
6. ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET BY ENTERPRISE SIZE
7. ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET BY INDUSTRY VERTICALS
8. ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET BY FUNCTION
9. ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE MARKET BY GEOGRAPHY
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
11. COMPANY PROFILES
Companies Mentioned
- SAP SE
- Oracle
- Acumatica Inc.
- Odoo S.A.
- Saga
- Wrike Inc.
- Workday Inc.
- Deltek Inc.
- Epicor Software Corporation
- Infor
- Microsoft Corporation
- Citric System Inc.
- Intuit Inc.
- Constellation Software Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 143 |
Published | December 2024 |
Forecast Period | 2025 - 2030 |
Estimated Market Value ( USD | $ 607.52 Billion |
Forecasted Market Value ( USD | $ 1050 Billion |
Compound Annual Growth Rate | 11.6% |
Regions Covered | Global |
No. of Companies Mentioned | 14 |