PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1208361
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1208361
ERP Software Market Size- By Function, By Size, By Deployment, By Vertical- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
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.
Global ERP Software Market Segmentation:
- By Function: Based on the Function, Global ERP Software Market is segmented as; Customer Management, Finance, Human Resource, Inventory Management, Manufacturing Module, Supply Chain Management, Other Functions.
- By Size: Based on the Size, Global ERP Software Market is segmented as; Large Enterprises, Medium Enterprises, Small Enterprises.
- By Deployment: Based on the Deployment, Global ERP Software Market is segmented as; Cloud, Hybrid, On-Premises.
- By Vertical: Based on the Vertical, Global ERP Software Market is segmented as; Aero-Space & Defense, Banking, Financial Services, and Insurance (BFSI), Construction, Government & Utilities, Healthcare, IT & Telecom, Manufacturing, Retail & Distribution, Others.
- By Region: The ERP software market was dominated by North America. The significant market share of this region is primarily attributable to the growing use of ERP software by small and medium-sized businesses, the expansion of ERP providers' investments in the creation of new software using cutting-edge technology, and the existence of several market competitors.
Table of Contents
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
