Global ERP Software Market Overview
According to SPER Market Research, the Global ERP Software Market is estimated to reach USD 158.45 billion by 2032 with a CAGR of 11.21%.
The rise in demand for data-driven choices, the rise in adoption of mobile and cloud applications, and the increasing demand for operational efficiency and transparency in business operations are the main drivers of the expansion of the ERP software industry. Open-source programs are becoming more widely available, but their higher startup costs and ongoing maintenance are expected to impede industry expansion.The market for cloud services is expected to grow as a result of low infrastructure costs and the ability to integrate with mobile devices. The working environment is more mobile, and businesses are willing to invest in cloud-connected mobile applications. It enables individual users to synchronize, update, and control documents. The growth of the ERP market is being positively impacted by an increase in the adoption of cloud and mobile apps.Companies can now build a single platform that controls all operations thanks to expanding business applications and the bulk of data created by various supply chains. As a result of increasing automation and technological deployments in the supply chain management process, demand for ERP systems increased, which in turn helped the market develop.
Impact of COVID-19 on the Global ERP Software Market
Due to the pandemic epidemic, many nations have implemented lockdowns and closed all but critical companies (allowed with minimum workforce). The demand for cloud ERPs has decreased as a result of several companies putting more emphasis on profitability and cutting costs in ERPs. The demand for cloud ERPs has also decreased as a result of numerous companies putting more emphasis on improving their core competencies and closing a few offices to reduce costs. However, as many nations have started to gradually lift the lockdowns, it is projected that demand for cloud ERPs would increase in the upcoming months. Many governments throughout the world have given businesses authorization to continue operations while keeping the safety regulations in mind. Long-term demand for cloud ERP is predicted to rise as a result of ongoing technological breakthroughs and innovations.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Function, By Size, By Deployment, By Vertical |
| 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, 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. |
Target Audience-
- Aero-Space & Defense
- Banking, Financial Services, and Insurance (BFSI)
- Construction
- Government & Utilities
- Healthcare
- IT & Telecom
- Manufacturing
- Retail & Distribution
- Others
Global ERP Software Market Segmentation:
1. By Function:
- Customer Management
- Finance
- Human Resource
- Inventory Management
2. By Size:
- Large Enterprises
- Medium Enterprises
- Small Enterprises
3. By Deployment:
4. By Vertical:
- Aero-Space & Defense
- Banking, Financial Services, and Insurance (BFSI)
- Construction
- Government & Utilities
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global ERP Software Market (FY’2019-FY’2032)
- Overview of Global ERP Software Market
- Segmentation of Global ERP Software Market By Function (Customer Management, Finance, Human Resource, Inventory Management, Manufacturing Module, Supply Chain Management, Other Functions)
- 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 Vertical (Aero-Space & Defense, Banking, Financial Services, and Insurance (BFSI), Construction, Government & Utilities, Healthcare, IT & Telecom, Manufacturing, Retail & Distribution, 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
- Major Players in the Global ERP Software Market
- SWOT Analysis of Global ERP Software Market
- Global ERP Software Market Future Outlook and Projections (FY’2019-FY’2032)
- 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 variables 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 analysis
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 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, 2019-2032 (USD Million)
7.1 Customer Management
7.2 Finance
7.3 Human Resource
7.4 Inventory Management
7.5 Manufacturing Module
7.6 Supply Chain Management
7.7 Other Functions
8. Global ERP Software Market, By Size, 2019-2032 (USD Million)
8.1 Large Enterprises
8.2 Medium Enterprises
8.3 Small Enterprises
9. Global ERP Software Market, By Deployment, 2019-2032 (USD Million)
9.1 Cloud
9.2 Hybrid
9.3 On-Premises
10. Global ERP Software Market, By Vertical, 2019-2032 (USD Million)
10.1 Aero-Space & Defense
10.2 Banking, Financial Services, and Insurance (BFSI)
10.3 Construction
10.4 Government & Utilities
10.5 Healthcare
10.6 IT & Telecom
10.7 Manufacturing
10.8 Retail & Distribution
10.9 Others
11. Global ERP Software Market, By Region, 2019-2032 (USD Million)
11.1 Global ERP Software Size and Market Share by Region (2019-2025)
11.2 Global ERP Software Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East & Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12. Company Profiles
12.1 Acumatica
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Deltek
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Epicor Software Corporation
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Genius Solutions, Inc.
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Global Shop Solutions
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Hewlett-Packard Development Company
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 IBM Corporation
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 IFS, AB
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Infor Inc.
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 IQMS
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 Microsoft Corporation
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12 MIE Track Pro
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
12.13 Net Suite Inc.
12.13.1 Company details
12.13.2 Financial outlook
12.13.3 Product summary
12.13.4 Recent developments
12.14 OpenPro
12.14.1 Company details
12.14.2 Financial outlook
12.14.3 Product summary
12.14.4 Recent developments
12.15 Oracle Corporation
12.15.1 Company details
12.15.2 Financial outlook
12.15.3 Product summary
12.15.4 Recent developments
12.16 Plex System
12.16.1 Company details
12.16.2 Financial outlook
12.16.3 Product summary
12.16.4 Recent developments
12.17 QAD Inc.
12.17.1 Company details
12.17.2 Financial outlook
12.17.3 Product summary
12.17.4 Recent developments
12.18 Ramco System
12.18.1 Company details
12.18.2 Financial outlook
12.18.3 Product summary
12.18.4 Recent developments
12.19 Sage Group, plc
12.19.1 Company details
12.19.2 Financial outlook
12.19.3 Product summary
12.19.4 Recent developments
12.20 SAP SE
12.20.1 Company details
12.20.2 Financial outlook
12.20.3 Product summary
12.20.4 Recent developments
12.21 SYSPRO
12.21.1 Company details
12.21.2 Financial outlook
12.21.3 Product summary
12.21.4 Recent developments
12.22 TOTVS S.A.
12.22.1 Company details
12.22.2 Financial outlook
12.22.3 Product summary
12.22.4 Recent developments
12.23 Workday, Inc.
12.23.1 Company details
12.23.2 Financial outlook
12.23.3 Product summary
12.23.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. 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.
