ERP Software Market, By Deployment (Cloud and On-Premise), By Function (CRM, Sales, Accounting, and Others), By Organization Size (Large Enterprise, and SME), By Vertical (BFSI, Retail, Manufacturing, Aerospace and Defense, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Introduction:

ERP manages the entire business cycle including customers, ERP is a system designed to increase the efficiency of all business processes by automating and reducing manual operations. ERP systems are mainly used in Oracle ERP Cloud, Unit4 ERP, Financial Force ERP, NetSuite and Acumatica Cloud ERP, ERP systems help various organizations to deal with different departments of the enterprise. Various departments such as receiving, inventory management and customer order management, production planning, shipping, accounting, human resource management and other business functions. ERP software is widely used in manufacturing and service sectors. In this segment, software is used in business activities such as inventory management, daily operations monitoring, customer service, daily performance management and production scheduling. With increasing adoption of IT infrastructure, vertical sectors such as healthcare, aerospace and defense and government utilities are expected to gain significant market share. ERP provides a comprehensive and continuously updated picture of critical information using atypical databases controlled through the use of a database management system. Increasing digitization of businesses and increasingly favorable government policies for digital technology software implementation have fueled the market growth. The global ERP Software market accounted for US$ 40.84 billion in 2020 and is estimated to be US$ 91.18 billion by 2030 and is anticipated to register a CAGR of 8.4%.

                                           Increase in Demand for Operational Efficiency

The global ERP market is growing due to an increase in demand for operational efficiency and transparency in corporate operations, as well as an increase in demand for ERP software from small and medium businesses. Furthermore, the rapid usage of cloud and mobile apps is boosting the ERP market's growth.

                                        Availability of open-source ERP solutions

The ERP market's growth is hampered by the availability of open-source ERP solutions and the high implementation cost of ERP software technology. On the other hand, the growing use of ERP solutions in small and medium businesses, as well as the rapid transition of current business models, are projected to provide lucrative prospects for the enterprise resource planning market to expand throughout the forecast period.

Technological advancement

Technological advancements have given businesses the opportunity to gain more control over their ongoing internal operations. ERP is now the center of businesses which has become irreplaceable over the years. Adoption of IT technology in these economies is expected to change consumer behavior, leading to increased adoption of ERP software rather than manual operations. The growing number of business applications and the increasing size of data generated by different supply chains have enabled companies to deploy a centralized platform that manages all operations. In addition, increasing automation and increasing technological deployment in supply chain management processes has increased the demand for ERP solutions, which has contributed to the growth of the market.

 

Source: Prophecy Market Insights

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The Global ERP Software Market is segmented based on deployment, function, organization size, vertical and region.

On the basis of Deployment, the global ERP Software market is segmented into Cloud and On-Premise. In 2020, the on-premise category dominated the ERP market share, depending on deployment strategy, and this trend is projected to continue. Based on Function, the target market is segmented into CRM, Sales, Accounting, and Others. On the basis of Organization Size, the target market is segmented into Large Enterprise, and SME. On the basis of Vertical, the target market is segmented into BFSI, Retail, Manufacturing, Aerospace and Defense, and Others. 0n-Premise is the major advantage of this deployment model is that it provides continuous control and high security of data across any organization. Lack of awareness of the benefits of cloud-based solutions in business facilitates the adoption of on-premises solutions in many emerging countries. Cloud-based deployment of ERP software helps companies achieve immediacy, efficiency, optimization of resource planning activities, scalability and accessibility.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Global ERP Software Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the ERP market in 2020, and is likely to continue to do so to some extent during the projection period, thanks to its strong digital and cloud generation adoption rates. Furthermore, as a result of the rising use of ERP software programmed software solutions in the area, which is aimed at improving production and overall performance standards, the ERP market is expected to grow at a faster pace throughout the forecast period. However, Asia-Pacific is expected to climb significantly at a few degrees throughout the projection period, owing to non-stop economic upheaval in the region and developing cloud usage trends.

Report Scope:

Attribute	Details
Base year for estimation	2020
Forecast period	2020 – 2030
Market representation	Revenue in USD Billion & CAGR from 2020 to 2030
Market Segmentation	By Deployment - Cloud and On-Premise   By Function– CRM, Sales, Accounting, and Others   By Organization Size– Large Enterprise, and SME   By Vertical - BFSI, Retail, Manufacturing, Aerospace and Defense, and Others
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global ERP Software Market report based on deployment, function, organization, vertical and region:

Global ERP Software Market, By Deployment:

• Cloud
• On-Premise

Global ERP Software Market, By Function:

• CRM
• Sales
• Accounting
• Others

Global ERP Software Market, By Organization Size:

• Large Enterprise
• SME

Global ERP Software Market, By Vertical:

• BFSI
• Retail
• Manufacturing
• Aerospace and Defense
• Others

Global ERP Software Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating the Global ERP Software Market includes Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, Infor, Sage Software Inc., Epicor Software Corporation., Intacct Corporation, Plex Systems Inc., Ramco Systems, and Plex Systems Inc. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.

 

• Microsoft Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• IBM Corporation
• Oracle Corporation
• SAP SE
• Infor
• Sage Software Inc.
• Epicor Software Corporation
• Intacct Corporation
• Plex Systems Inc.
• Ramco Systems
• Plex Systems Inc.

 “*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
   • PORTER’s
   • Investment Outlook
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for ERP Software Strategies
     • Key Questions this Study will Answer
     • • By Deployment (Cloud and On-Premise),
       • By Function (CRM, Sales, Accounting, and Others),
       • By Organization Size (Large Enterprise, and SME),
       • By Vertical (BFSI, Retail, Manufacturing, Aerospace and Defense, and Others),
       • By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Overview
   • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
   • Y-o-Y Growth Analysis (%), 2020 – 2030
   • Regional Trends
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Regional Analysis
   • Regional Revenue Analysis
   • Regional By segment Analysis
   • Reasons for regional growth
   • Key Player of particular region
   • Countries Include in the report:

1. • • North America (U.S., Canada)
     • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
     • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
     • Latin America (Brazil, Mexico, Rest of Latin America)
     • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)

1. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
   • Competitive Overview
   • Competitive Benchmarking
   • Market Share Analysis
   • Key Developments In The Global ERP Software Market
   • Key Developments: Mergers & Acquisitions
   • Key Developments: Collaboration
   • Key Developments: Contracts & Agreements
   • Key Developments: Expansion
   • Key Developments: Product Developments
2. Company Profiles

• Company Overview
• Product Portfolio
• Key Highlights
• Financial Performance
• Business Strategies
• SWOT Analysis

• Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, Infor, Sage Software Inc., Epicor Software Corporation., Intacct Corporation, Plex Systems Inc., Ramco Systems, and Plex Systems Inc.

1. The Last Word
   • Future Impact
   • About Us
   • Contact