ERP Software Market Growth, Share, Scope, Business Challenges and Forecast 2023-2033
ERP Software Market Size- By Function, By Size, By Deployment, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| 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.
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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global ERP Software Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global ERP Software Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2023-20337.2. Customer Management7.3. Finance7.4. Human Resource7.5. Inventory Management7.6. Supply Chain Management7.7. Others
8. Global ERP Software Market, By Size (USD Million)
8.1. Global ERP Software Market Value Share and Forecast, By Size, 2023-20338.2. Large Enterprises8.3. Medium Enterprises8.4. Small Enterprises
9. Global ERP Software Market, By Deployment (USD Million)
9.1. Global ERP Software Market Value Share and Forecast, By Deployment, 2023-20339.2. Cloud9.3. Hybrid9.4. 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, 2023-203310.2. Aero-Space & Defense10.3. Banking, Financial Services, and Insurance (BFSI)10.4. Construction10.5. Government & Utilities10.6. Healthcare & Life Sciences10.7. IT & Telecom10.8. Manufacturing10.9. Transportation & Logistics10.10. 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-Pacific16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific16.4. Europe16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe16.5. Middle East and Africa16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa16.6. North America16.6.1. Canada16.6.2. Mexico16.6.3. United States16.7. Latin America16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. Acumatica17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Deltek17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Epicor Software Corporation17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Genius Solutions, Inc.17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Global Shop Solutions17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Hewlett-Packard Development Company17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. IBM Corporation17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Infor Inc.17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. IQMS17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Microsoft Corporation17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. MIE Track Pro17.11.1. Company details17.11.2. Financial outlook17.11.3. Product summary17.11.4. Recent developments17.12. Net Suite Inc.17.12.1. Company details17.12.2. Financial outlook17.12.3. Product summary17.12.4. Recent developments17.13. OpenPro17.13.1. Company details17.13.2. Financial outlook17.13.3. Product summary17.13.4. Recent developments17.14. Oracle Corporation17.14.1. Company details17.14.2. Financial outlook17.14.3. Product summary17.14.4. Recent developments17.15. Plex System17.15.1. Company details17.15.2. Financial outlook17.15.3. Product summary17.15.4. Recent developments17.16. QAD Inc.17.16.1. Company details17.16.2. Financial outlook17.16.3. Product summary17.16.4. Recent developments17.17. Ramco System17.17.1. Company details17.17.2. Financial outlook17.17.3. Product summary17.17.4. Recent developments17.18. Sage Group, plc17.18.1. Company details17.18.2. Financial outlook17.18.3. Product summary17.18.4. Recent developments17.19. SAP SE17.19.1. Company details17.19.2. Financial outlook17.19.3. Product summary17.19.4. Recent developments17.20. SYSPRO17.20.1. Company details17.20.2. Financial outlook17.20.3. Product summary17.20.4. Recent developments17.21. TOTVS S.A.17.21.1. Company details17.21.2. Financial outlook17.21.3. Product summary17.21.4. Recent developments17.22. Workday, Inc.17.22.1. Company details17.22.2. Financial outlook17.22.3. Product summary17.22.4. Recent developments17.23. 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.
Frequently Asked Questions About This Report
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.
ERP Software Market CAGR of 11.43% during the forecast period.
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ERP Software Market size is USD 176.56 billion from 2023 to 2033.
ERP Software Market segment is Covered Segments Covered By Function, By Size, By Deployment, By Vertical.
The North America region is anticipated to have the highest market share in 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.
ERP Software Market is projected to reach USD 176.56 billion by 2033, growing at a CAGR of 11.43% during the forecast period.
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.
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