PUBLISHER: The Business Research Company | PRODUCT CODE: 1750927
PUBLISHER: The Business Research Company | PRODUCT CODE: 1750927
Blockchain in enterprise resource planning (ERP) refers to the integration of blockchain technology into ERP systems to enhance security, transparency, and efficiency in business operations. This technology enables secure, immutable record-keeping, streamlined supply chain management, automated smart contracts, and improved data integrity across distributed networks.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The main component types of blockchain in ERP are platforms and services. Blockchain-based ERP platforms utilize decentralized ledgers to enhance transparency, security, and operational efficiency in business processes. These platforms are available in various types, including public, private, and hybrid, and are utilized by organizations of different sizes, including small and medium-sized enterprises (SMEs) and large enterprises. They are applicable in several areas such as supply chain and logistics management, financial management and auditing, smart contracts for ERP automation, identity and access management, payment systems, and more. These solutions are adopted across various industry verticals, including banking, financial services and insurance, retail and e-commerce, manufacturing, supply chain and logistics, healthcare, and others.
The blockchain in enterprise resource planning (ERP) market research report is one of a series of new reports from The Business Research Company that provides blockchain in enterprise resource planning (ERP) market statistics, including the blockchain in enterprise resource planning (ERP) industry global market size, regional shares, competitors with the blockchain in enterprise resource planning (ERP) market share, detailed blockchain in enterprise resource planning (ERP) market segments, market trends, and opportunities, and any further data you may need to thrive in the blockchain in enterprise resource planning (ERP) industry. This blockchain in enterprise resource planning (ERP) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The blockchain in enterprise resource planning (ERP) market size has grown exponentially in recent years. It will grow from$5.05 billion in 2024 to $8.35 billion in 2025 at a compound annual growth rate (CAGR) of 65.3%. The growth observed in the historic period can be attributed to the increasing acceptance of blockchain technology, the rising demand for decentralized applications, the emergence of new blockchain systems and protocols, and the growing penetration of cloud services.
The blockchain in enterprise resource planning (ERP) market size is expected to see exponential growth in the next few years. It will grow to$61.74 billion in 2029 at a compound annual growth rate (CAGR) of 64.9%. The growth projected for the forecast period can be attributed to the rise in the importance of fraud prevention, growing awareness around data protection, increased demand for digital identity solutions, and the high penetration of cloud services. Key trends expected during this period include advancements in blockchain adoption, the integration of artificial intelligence with blockchain, innovations in non-fungible tokens (NFTs), and the use of artificial intelligence and machine learning technologies in ERP systems.
The growing financial losses from fraud are expected to accelerate the expansion of blockchain technology in the enterprise resource planning (ERP) market. Fraud losses refer to financial damages caused by fraudulent activities, such as scams, identity theft, and dishonest transactions. The increase in fraud is largely driven by cybercriminals utilizing advanced techniques, including AI-powered attacks and deepfakes, to bypass traditional security measures. Blockchain in ERP systems helps mitigate fraud losses by offering a transparent, immutable, and decentralized ledger to record all transactions. This ensures that data remains tamper-proof, making it extremely difficult for fraudsters to alter or manipulate financial records. For example, in February 2024, the Federal Trade Commission (FTC), a U.S.-based government agency, reported that fraud losses surpassed $10 billion for the first time in 2023, marking a 14% increase compared to 2022. Additionally, in 2023, consumers lost more than $4.6 billion to investment scams, a 21% rise from 2022, which was the highest loss among all fraud categories. As a result, the increasing fraud losses are expected to drive the growth of blockchain in the ERP market.
Leading companies in the blockchain for enterprise resource planning (ERP) market are focusing on developing innovative systems, such as post-quantum cryptography-based ERP solutions, to protect data against future quantum computing threats and enhance the overall resilience of business operations. Post-quantum cryptography-based ERP systems employ advanced encryption techniques to safeguard against the potential risks posed by quantum computing. These systems ensure data security and privacy by leveraging cryptographic methods that are resistant to the decryption abilities of future quantum technologies. For example, in April 2023, Wakuu Enterprises Inc., a U.S.-based IT services and consulting firm, introduced Muvor, a blockchain-powered ERP solution. This platform is designed to revolutionize the business landscape by offering a secure and efficient environment that ensures data integrity, transparency, and operational efficiency. Muvor includes various features, such as point of sale, customer relationship management, equipment management, payroll, and product lifecycle management, while also tracking all transactions across the supply chain.
In March 2024, OrionOne Inc., a U.S.-based provider of supply chain technology solutions, teamed up with VeChain Ltd. to accelerate the adoption of blockchain technology. This partnership aims to enhance supply chain management by improving data reliability, record-keeping, compliance, and dispute resolution, leveraging blockchain's decentralized structure and trust mechanisms. VeChain Ltd., a U.S.-based blockchain platform, enhances business operations and supply chain management by integrating blockchain's transparency, traceability, and security into ERP systems.
Major players in the blockchain in enterprise resource planning (erp) market are Microsoft Corporation, Verizon Communications Inc., Huawei Technologies Co. Ltd., Accenture Plc, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, Oracle Corporation, SAP SE, Infosys Limited, Inetum Group, Synergix Technologies Pte Ltd, Vechain Ltd, Sage Software Solutions Pvt Ltd., ConsenSys Software Inc., Chainstack, Monax Industries Inc., Geoprise Technologies Corporation, Wakuu Enterprises Inc, JAMALI TECHNOLOGIES Inc.
North America was the largest region in the blockchain in enterprise resource planning (ERP) market in 2024. The regions covered in blockchain in enterprise resource planning (ERP) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the blockchain in enterprise resource planning (ERP) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The blockchain in enterprise resource planning (ERP) market includes revenues earned by entities through transparent and traceable transactions, regulatory compliance and auditing, and decentralized identity management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Blockchain In Enterprise Resource Planning (ERP) Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on blockchain in enterprise resource planning (erp) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for blockchain in enterprise resource planning (erp) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The blockchain in enterprise resource planning (erp) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.