ERP Software Market Growth, Share, Scope, Business Challenges and Forecast 2023-2033: SPER Market Research

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Published: Jan 2023	Report ID: IACT2308	Pages: 1 - 201	Formats^*:
Category : Information & Communications Technology

Global ERP Software Market Overview

According to SPER Market Research, the Global ERP Software Market is estimated to reach USD 176.56 billion by 2033 with a CAGR of 11.43%.

Enterprise resource planning software, or ERP software, is a complete and integrated software system made to automate and streamline several business activities within an organization. In one centralized system, it enables businesses to manage and oversee all of their essential operations, including finance, human resources, supply chain management, manufacturing, customer relationship management, and more. ERP software provides real-time visibility into business processes and helps to increase collaboration and operational efficiency. It unifies data and procedures from several departments and offers a comprehensive picture of the organization's resources, facilitating improved planning and decision-making.

Exploring the Growth Drivers of the Global ERP Software Market Industry.

The expansion of the ERP software industry is driven by several factors. These include the increasing demand for data-driven decision-making, the adoption of mobile and cloud applications, and the growing need for operational efficiency and transparency in business operations. Although open-source programs are gaining popularity, their higher startup costs and ongoing maintenance pose obstacles to industry growth. The market for cloud services is expected to flourish due to its low infrastructure costs and compatibility with mobile devices. As the working environment becomes more mobile, businesses are willing to invest in cloud-connected mobile applications that enable users to synchronize, update, and manage documents. The adoption of cloud and mobile apps is fueling the growth of the ERP market. With expanding business applications and the proliferation of data from diverse supply chains, companies are now able to create a unified platform to manage all their operations. The increasing automation and technological advancements in supply chain management processes have also driven the demand for ERP systems, contributing to the development of the market.

What challenges does the Global ERP Software Market face?

Numerous obstacles are preventing the worldwide market for ERP software from expanding and becoming more widely used. High Costs of these software are one of the main issues. Significant up-front expenditures, like as licensing fees, implementation charges, hardware and infrastructure needs, and continuing maintenance costs, can be associated with ERP software. These expenses may be prohibitive, particularly for small and medium-sized businesses (SMEs) with tight financial constraints. Changes to business operations and processes are frequently necessary when implementing an ERP system. Employees who are used to the current systems and practices may object to this. To achieve a seamless transition and user adoption, effective change management techniques and personnel training are essential.

In what ways has the COVID-19 pandemic affected Global ERP Software Market?

The COVID-19 pandemic led to widespread lockdowns and the closure of non-essential businesses, resulting in reduced demand for cloud-based ERPs as companies focused on cost-cutting and profitability. Additionally, companies prioritized improving their core competencies and reducing costs by closing some offices. However, with the gradual lifting of lockdown measures in many countries and governments allowing businesses to operate under safety regulations, the demand for cloud ERPs is expected to increase in the coming months. Furthermore, ongoing technological advancements and innovations are anticipated to drive long-term demand for cloud ERPs.

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Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Function, By Size, By Deployment, By End User
Regions covered	Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered	Acumatica, Deltek, Epicor Software Corporation, Genius Solutions, Inc., Global Shop Solutions, Hewlett-Packard Development Company, IBM Corporation, Infor Inc., IQMS, Microsoft Corporation, MIE Track Pro, Net Suite Inc., OpenPro, Oracle Corporation, Plex System, QAD Inc., Ramco System, Sage Group, plc, SAP SE, SYSPRO, TOTVS S.A., Workday, Inc.

Key Target Audience:

Enterprises and Businesses
ERP Software Vendors and Providers
Government and Regulatory Bodies
Investors and Financial Institutions
IT and Technology Professionals
Research and Analyst Firms
System Integrators and Consultants

Global ERP Software Market Segmentation:

1. By Function:

Global ERP Software Market Value Share and Forecast, By Function, 2023-2033
Customer Management
Finance
Human Resource
Inventory Management
Supply Chain Management

2. By Size:

Global ERP Software Market Value Share and Forecast, By Size, 2023-2033
Large Enterprises
Medium Enterprises
Small Enterprises

3. By Deployment:

Global ERP Software Market Value Share and Forecast, By Deployment, 2023-2033
Cloud
Hybrid
On-Premises

4. By End User:

Global ERP Software Market Value Share and Forecast, By End User, 2023-2033
Aero-Space & Defense
Banking, Financial Services, and Insurance (BFSI)
Construction
Government & Utilities
Healthcare & Life Sciences
IT & Telecom
Manufacturing
Transportation & Logistics

5. By Region:

Asia-Pacific
Europe
Middle East & Africa
North America
Latin America

Key Topics Covered in the Report:

Global ERP Software Market Size (FY’2023-FY’2033)
Overview of Global ERP Software Market
Segmentation of Global ERP Software Market By Function (Customer Management, Finance, Human Resource, Inventory Management, Supply Chain Management, Others)
Segmentation of Global ERP Software Market By Size (Large Enterprises, Medium Enterprises, Small Enterprises)
Segmentation of Global ERP Software Market By Deployment (Cloud, Hybrid, On-Premises)
Segmentation of Global ERP Software Market By End User (Aero-Space & Defense, Banking, Financial Services, and Insurance, Construction, Government & Utilities, Healthcare & Life Sciences, IT & Telecom, Manufacturing, Transportation & Logistics, Others)
Statistical Snap of Global ERP Software Market
Growth Analysis of Global ERP Software Market
Problems and Challenges in Global ERP Software Market
Competitive Landscape in the Global ERP Software Market
Impact of COVID-19 and Demonetization on Global ERP Software Market
Details on Recent Investment in Global ERP Software Market
Competitive Analysis of Global ERP Software Market
Key Players in the Global ERP Software Market
SWOT Analysis of Global ERP Software Market
Global ERP Software Market Future Outlook and Projections (FY’2023-FY’2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Global ERP Software Market

5. Market variable and outlook

5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global ERP Software Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global ERP Software Market

7. Global ERP Software Market, By Function (USD Million)

7.1. Global ERP Software Market Value Share and Forecast, By Function, 2023-2033
7.2. Customer Management
7.3. Finance
7.4. Human Resource
7.5. Inventory Management
7.6. Supply Chain Management
7.7. Others

8. Global ERP Software Market, By Size (USD Million)

8.1. Global ERP Software Market Value Share and Forecast, By Size, 2023-2033
8.2. Large Enterprises
8.3. Medium Enterprises
8.4. Small Enterprises

9. Global ERP Software Market, By Deployment (USD Million)

9.1. Global ERP Software Market Value Share and Forecast, By Deployment, 2023-2033
9.2. Cloud
9.3. Hybrid
9.4. On-Premises

10. Global ERP Software Market, By End User (USD Million)

10.1. Global ERP Software Market Value Share and Forecast, By End User, 2023-2033
10.2. Aero-Space & Defense
10.3. Banking, Financial Services, and Insurance (BFSI)
10.4. Construction
10.5. Government & Utilities
10.6. Healthcare & Life Sciences
10.7. IT & Telecom
10.8. Manufacturing
10.9. Transportation & Logistics
10.10. Others

11. Global ERP Software Market Forecast, 2019-2033 (USD Million)

11.1. Global ERP Software Market Size and Market Share

12. Global ERP Software Market, By Function, 2019-2033 (USD Million)

12.1. Global ERP Software Market Size and Market Share By Function (2019-2026)
12.2. Global ERP Software Market Size and Market Share By Function (2027-2033)

13. Global ERP Software Market, By Size, 2019-2033 (USD Million)

13.1. Global ERP Software Market Size and Market Share By Size (2019-2026)
13.2. Global ERP Software Market Size and Market Share By Size (2027-2033)

14. Global ERP Software Market, By Deployment, 2019-2033 (USD Million)

14.1. Global ERP Software Market Size and Market Share By Deployment (2019-2026)
14.2. Global ERP Software Market Size and Market Share By Deployment (2027-2033)

15. Global ERP Software Market, By End User, 2019-2033 (USD Million)

15.1. Global ERP Software Market Size and Market Share By End User (2019-2026)
15.2. Global ERP Software Market Size and Market Share By End User (2027-2033)

16. Global ERP Software Market, By Region, 2019-2033 (USD Million)

16.1. Global ERP Software Market Size and Market Share By Region (2019-2026)
16.2. Global ERP Software Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific
16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada
16.6.2. Mexico
16.6.3. United States
16.7. Latin America
16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America

17. Company Profile

17.1. Acumatica
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Deltek
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Epicor Software Corporation
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Genius Solutions, Inc.
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Global Shop Solutions
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Hewlett-Packard Development Company
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. IBM Corporation
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Infor Inc.
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. IQMS
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Microsoft Corporation
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. MIE Track Pro
17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments
17.12. Net Suite Inc.
17.12.1. Company details
17.12.2. Financial outlook
17.12.3. Product summary
17.12.4. Recent developments
17.13. OpenPro
17.13.1. Company details
17.13.2. Financial outlook
17.13.3. Product summary
17.13.4. Recent developments
17.14. Oracle Corporation
17.14.1. Company details
17.14.2. Financial outlook
17.14.3. Product summary
17.14.4. Recent developments
17.15. Plex System
17.15.1. Company details
17.15.2. Financial outlook
17.15.3. Product summary
17.15.4. Recent developments
17.16. QAD Inc.
17.16.1. Company details
17.16.2. Financial outlook
17.16.3. Product summary
17.16.4. Recent developments
17.17. Ramco System
17.17.1. Company details
17.17.2. Financial outlook
17.17.3. Product summary
17.17.4. Recent developments
17.18. Sage Group, plc
17.18.1. Company details
17.18.2. Financial outlook
17.18.3. Product summary
17.18.4. Recent developments
17.19. SAP SE
17.19.1. Company details
17.19.2. Financial outlook
17.19.3. Product summary
17.19.4. Recent developments
17.20. SYSPRO
17.20.1. Company details
17.20.2. Financial outlook
17.20.3. Product summary
17.20.4. Recent developments
17.21. TOTVS S.A.
17.21.1. Company details
17.21.2. Financial outlook
17.21.3. Product summary
17.21.4. Recent developments
17.22. Workday, Inc.
17.22.1. Company details
17.22.2. Financial outlook
17.22.3. Product summary
17.22.4. Recent developments
17.23. Others

18. List of Abbreviations

19. Reference Links

20. Conclusion

21. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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Frequently Asked Questions About This Report

What is the growth rate of the ERP Software Market?

ERP Software Market grew in market size from 2023. The Market is expected to reach USD 176.56 billion by 2033, at a CAGR of 11.43% during the forecast period.

What is the anticipated CAGR of the ERP Software Market during the forecast period?

ERP Software Market CAGR of 11.43% during the forecast period.

How can I get the sample report on the ERP Software Market?

You can get the sample pages by clicking the link -Click Here

What is the market size of the ERP Software Market?

ERP Software Market size is USD 176.56 billion from 2023 to 2033.

Which segment is expected to lead the ERP Software Market?

ERP Software Market segment is Covered Segments Covered By Function, By Size, By Deployment, By Vertical.

Which region is expected to have the highest market share in the ERP Software Market?

The North America region is anticipated to have the highest market share in the ERP Software Market.

What is the conclusion of the ERP Software Market?

The desire for vehicles with improved engine power, lower emissions, and reduced fuel consumption, as well as a rise in the popularity of both passenger and commercial vehicles, are the driving forces behind the industry's expansion.

How big is the ERP Software Market?

ERP Software Market is projected to reach USD 176.56 billion by 2033, growing at a CAGR of 11.43% during the forecast period.

Who are the key players in ERP Software Market?

The key players in the market include Companies Covered Acumatica, Deltek, Epicor Software Corporation, Genius Solutions, Inc., Global Shop Solutions, Hewlett-Packard Development Company, IBM Corporation, IFS, AB, Infor Inc., IQMS, Microsoft Corporation, MIE Track Pro, Net Suite Inc., OpenPro, Oracle Corporation, Plex System, QAD Inc., Ramco System, Sage Group, plc, SAP SE, SYSPRO, TOTVS S.A., Workday, Inc.