ERP Software Market Size & Share, by Component (Services, Software); Deployment (On-premises, Cloud, Hybrid); Organization (SMEs, Large Enterprises); Business Function (Finance, Human Resource Management, Supply Chain Management, Enterprise Performance Management, Customer Management); End-user (BFSI, Healthcare & Life Science, Hospitality, Transport & Logistics, Oil & Gas, Education) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5109
  • Published Date: Jul 27, 2023
  • Report Format: PDF, PPT

Global ERP Implementation Market TOC

1. 1.   An Outline of the ERP Implementation Market

  1.  Market Definition
  2. Market Segmentation

2. Assumptions & Abbreviations

3. Research Methodology & Approach

  1.  Research Process
  2. Primary Research
  3. Secondary Research
  4. Market Size Estimation

4. Summary of the Report for Key Decision Makers

5. Forces of the Market Constituents

  1. Factors/drivers impacting the growth of the market
  2. Market trends for better business practices

6. Key Market Opportunities for Business Growth

7. Major Roadblocks for the Market Growth

8. Decarbonization Strategy and Carbon Credit Benefits for Market Players

9. Government Regulation: How they would aid business?

10. Technology Transition and Adoption Analysis

11. Industry Risk Analysis

12. Global Economic Outlook: Challenges for Global Recovery and its Impact on Singapore and Indonesia ERP Implementation Market

  1. Ukraine-Russia crisis
  2.  Potential US economic slowdown

13. Industry Pricing Benchmarking & Analysis

14. Industry Growth Outlook

15. Industry Value Chain Analysis

16. Analysis on Ongoing Technological Advancement in ERP Implementation Market

17. Use Case Analysis

18. Recent Technology Outlook

19. End User Analysis

20. Analysis on Singapore and Indonesia ERP Implementation Industry

21. Competitive Positioning: Strategies to differentiate a company from its competitors

22. Competitive Model: A Detailed Inside View for Investors

  1. Market Share of Major Software Companies Profiled, 2022
  2. Business profiles of key enterprises
    1. IBM Corporation
    2.  Infor.
    3. Epicor Software Corporation
    4. Microsoft
    5. Oracle
    6. SAP SE
    7. Focus Softnet Pvt Ltd.
    8. IFS Solutions Asia Pacific Pte. Ltd.
    9. Dassault Systèmes
    10.  Workday, Inc.

23. Competitive Model: A Detailed Inside View for Investors

  1. Market Share of Major ERP Implementer Companies Profiled, 2022
  2. Business profiles of key enterprises
    1. HAND Enterprise Solutions
    2. NaviWorld Singapore Pte. Ltd.
    3. Axxis Consulting
    4. Sage Group plc
    5. SYSPRO
    6. Unit4
    7. IDS Indonesia
    8. Nano ERP Indonesia

 

24. Global ERP Implementation Market Outlook & Projections, Opportunity Assessment, 2022 to 2035

  1. Market Overview
  2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
  3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    1. By Component
      1. Services, Market Value (USD Billion), and CAGR, 2022-2035F
        1. Professional Services, Market Value (USD Billion), and CAGR, 2022-2035F
          1. Implementation Services, Market Value (USD Billion), and CAGR, 2022-2035F
            1. Project Management, Market Value (USD Billion), and CAGR, 2022-2035F
            2. Data Migration, Market Value (USD Billion), and CAGR, 2022-2035F
            3. Training & Deployment, Market Value (USD Billion), and CAGR, 2022-2035F
            4. Others, Market Value (USD Billion), and CAGR, 2022-2035F
          2. Maintenance & Support Services, Market Value (USD Billion), and CAGR, 2022-2035F
        2. Managed Services, Market Value (USD Billion), and CAGR, 2022-2035F
      2. Software, Market Value (USD Billion), and CAGR, 2022-2035F
    2. By Deployment
      1. On-premises, Market Value (USD Billion), and CAGR, 2022-2035F
      2. Cloud, Market Value (USD Billion), and CAGR, 2022-2035F
      3. Hybrid, Market Value (USD Billion), and CAGR, 2022-2035F
    3. By Enterprise Size
      1. Small Enterprise, Market Value (USD Billion), and CAGR, 2022-2035F
      2. Medium Enterprise, Market Value (USD Billion), and CAGR, 2022-2035F
      3. Large Enterprise, Market Value (USD Billion), and CAGR, 2022-2035F
    4. By Business Function
      1. Finance, Market Value (USD Billion), and CAGR, 2022-2035F
      2. Human Resource Management, Market Value (USD Billion), and CAGR, 2022-2035F
      3. Supply Chain Management, Market Value (USD Billion), and CAGR, 2022-2035F
      4. Enterprise Performance Management, Market Value (USD Billion), and CAGR, 2022-2035F
      5. Customer Management, Market Value (USD Billion), and CAGR, 2022-2035F
      6. Others, Market Value (USD Billion), and CAGR, 2022-2035F
    5. By End User
      1. BFSI, Market Value (USD Billion), and CAGR, 2022-2035F
      2. Healthcare & Life Sciences, Market Value (USD Billion), and CAGR, 2022-2035F
      3. Hospitality, Market Value (USD Billion), and CAGR, 2022-2035F
      4. Transportation & Logistics, Market Value (USD Billion), and CAGR, 2022-2035F
      5. Oil & Gas, Market Value (USD Billion), and CAGR, 2022-2035F
      6. Education, Market Value (USD Billion), and CAGR, 2022-2035F
      7. Others, Market Value (USD Billion), and CAGR, 2022-2035F
    6. By Geography
      1. Market Overview
      2. Market Revenue by Value (USD Billion), and Compound Annual Growth Rate (CAGR)
        1. North America, Market Value (USD billion), and CAGR, 2022-2035F
        2. Europe, Market Value (USD Billion), and CAGR, 2022-2035F
        3. Asia Pacific, Market Value (USD Billion), and CAGR, 2022-2035F
        4. Latin America, Market Value (USD Billion), and CAGR, 2022-2035F
        5. Middle East and Africa, Market Value (USD Billion), and CAGR, 2022-2035F

25.  Cross Analysis of Component w.r.t. Business Function (USD Billion), 2022

26.  North America ERP Implementation Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders

  1. Market Overview
  2.  Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
  3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    1. By Component
      1. Services, Market Value (USD Billion), and CAGR, 2022-2035F
        1. Professional Services, Market Value (USD Billion), and CAGR, 2022-2035F
          1. Implementation Services, Market Value (USD Billion), and CAGR, 2022-2035F
            1. Project Management, Market Value (USD Billion), and CAGR, 2022-2035F
            2. Data Migration, Market Value (USD Billion), and CAGR, 2022-2035F
            3. Training & Deployment, Market Value (USD Billion), and CAGR, 2022-2035F
            4. Others, Market Value (USD Billion), and CAGR, 2022-2035F
          2. Maintenance & Support Services, Market Value (USD Billion), and CAGR, 2022-2035F
        2. Managed Services, Market Value (USD Billion), and CAGR, 2022-2035F
      2. Software, Market Value (USD Billion), and CAGR, 2022-2035F
    2. By Deployment
      1. On-premises, Market Value (USD Billion), and CAGR, 2022-2035F
      2. Cloud, Market Value (USD Billion), and CAGR, 2022-2035F
      3. Hybrid, Market Value (USD Billion), and CAGR, 2022-2035F
    3. By Enterprise Size
      1. Small Enterprise, Market Value (USD Billion), and CAGR, 2022-2035F
      2. Medium Enterprise, Market Value (USD Billion), and CAGR, 2022-2035F
      3. Large Enterprise, Market Value (USD Billion), and CAGR, 2022-2035F
    4. By Business Function
      1. Finance, Market Value (USD Billion), and CAGR, 2022-2035F
      2. Human Resource Management, Market Value (USD Billion), and CAGR, 2022-2035F
      3. Supply Chain Management, Market Value (USD Billion), and CAGR, 2022-2035F
      4. Enterprise Performance Management, Market Value (USD Billion), and CAGR, 2022-2035F
      5. Customer Management, Market Value (USD Billion), and CAGR, 2022-2035F
      6. Others, Market Value (USD Billion), and CAGR, 2022-2035F
    5. By End User
      1. BFSI, Market Value (USD Billion), and CAGR, 2022-2035F
      2. Healthcare & Life Sciences, Market Value (USD Billion), and CAGR, 2022-2035F
      3. Hospitality, Market Value (USD Billion), and CAGR, 2022-2035F
      4. Transportation & Logistics, Market Value (USD Billion), and CAGR, 2022-2035F
      5. Oil & Gas, Market Value (USD Billion), and CAGR, 2022-2035F
      6. Education, Market Value (USD Billion), and CAGR, 2022-2035F
      7. Others, Market Value (USD Billion), and CAGR, 2022-2035F
    6. By Geography
      1. Market Overview
      2. Market Revenue by Value (USD Billion), and Compound Annual Growth Rate (CAGR)
        1. US, Market Value (USD Billion), and CAGR, 2022-2035F
        2. Canada, Market Value (USD Billion), and CAGR, 2022-2035F

27. Europe ERP Implementation Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders

  1. Market Overview
  2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
  3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    1. By Component
    2. By Deployment
    3. By Enterprise Size
    4. By Business Function
    5. By End User
    6. By Geography
      1. UK, Market Value (USD Billion), and CAGR, 2022-2035 F
      2. Germany, Market Value (USD Billion), and CAGR, 2022-2035F
      3. France, Market Value (USD Billion), and CAGR, 2022-2035F
      4. Italy, Market Value (USD Billion), and CAGR, 2022-2035F
      5. Spain, Market Value (USD Billion), and CAGR, 2022-2035F
      6. Russia, Market Value (USD Billion), and CAGR, 2022-2035F
      7. Netherlands, Market Value (USD Billion), and CAGR, 2022-2035F
      8. Rest of Europe, Market Value (USD Billion), and CAGR, 2022-2035F
    7. Cross Analysis of Component w.r.t Business Function, USD Million (2022)

28.  Asia Pacific ERP Implementation Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders

  1. Market Overview
  2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
  3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    1. By Component
    2. By Deployment
    3. By Enterprise Size
    4. By Business Function
    5. By End User
    6. By Geography
      1. China, Market Value (USD Billion), and CAGR, 2022-2035F
      2. India, Market Value (USD Billion), and CAGR, 2022-2035F
      3. Japan, Market Value (USD Billion), and CAGR, 2022-2035F
      4. South Korea, Market Value (USD Billion), and CAGR, 2022-2035F
      5. Australia, Market Value (USD Billion), and CAGR, 2022-2035F
      6. Singapore, Market Value (USD Billion), and CAGR, 2022-2035F
      7. Rest of Asia Pacific, Market Value (USD Billion), and CAGR, 2022-2035F

29. Latin America ERP Implementation Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders

  1. Market Overview
  2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
  3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    1. By Component
    2. By Deployment
    3. By Enterprise Size
    4. By Business Function
    5. By End User
    6. By Geography
      1. Brazil, Market Value (USD Billion), and CAGR, 2022-2035F
      2. Mexico, Market Value (USD Billion), and CAGR, 2022-2035F
      3. Argentina, Market Value (USD Billion), and CAGR, 2022-2035F
      4. Rest of Latin America, Market Value (USD Billion), and CAGR, 2022-2035F

30. Middle East and Africa ERP Implementation Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders

  1. Market Overview
  2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
  3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    1. By Component
    2. By Deployment
    3. By Enterprise Size
    4. By Business Function
    5. By End User
    6. By Geography
      1. GCC, Market Value (USD Billion), and CAGR, 2022-2035F
      2. Israel, Market Value (USD Billion), and CAGR, 2022-2035F
      3. South Africa, Market Value (USD Billion), and CAGR, 2022-2035F
      4. Rest of MEA, Market Value (USD Billion), and CAGR, 2022-2035F

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

ERP Software Market size is estimated to surpass USD 131 Billion by the end of 2035, witnessing around 10% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of ERP software was USD 38 Billion. The growing IT industry across the globe is the major factor driving the ERP demand as the financial planning, budgeting, forecasting, and reporting processes inside an organization are all facilitated by ERP software. The need for ERP software is rising due to several notable aspects, including the expanding value of existing ERP systems, reducing reliance on third parties, using more highly secured resources, developing financial systems, and others.

Due to a sharp increase in enterprises globally and the demand for cloud-based ERP solutions, the necessity for supplier and customer relationship management is growing, which is accelerating the market's pace. According to World Bank, globally, mobile technologies and services added USD 4.5 trillion to the economy in 2021, or 5% of GDP. However, vulnerable populations in both developing and developed nations who cannot access or use digital technologies run the risk of falling behind in the post-pandemic recovery process, which could have more severe knock-on effects.


ERP Software Market
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ERP Software Market: Growth Drivers and Challenges

Growth Drivers

  • Growing IT Industry Backed by Digitization – The need for ERP systems for data mining, product data management, and product life cycle management would significantly increase as a result of practically all areas investing extensively in developing their IT and related businesses, thus bolstering the expansion of ERP software. According to ESCAP and IDC report, Spending on digital native business technology in Asia/Pacific is anticipated to increase at a CAGR of 20.8% and reach US$128.9 Billion by 2026. As investment accelerates, it is anticipated that Asia/Pacific DNB tech spending will expand at a year-over-year (YoY) pace of 19.3% in 2023 as opposed to 15.1% in 2022.
  • Growing Adoption of Mobile–Surging industrialization has greatly improved the GDP of developing nations such as India, Singapore, and others, generating more prospects for the ERP software industry. As per the GSMA, Mobile technologies and services contributed nearly 5% of the world's GDP in 2022, adding USD 5.2 trillion to the economy and supporting 28 million employments throughout the entire mobile ecosystem. Moreover, mobile innovation and services are expected to be supported by 5G, expanding on current deployments and uptake.
  • Development of Industry-Specific Solutions- ERP suppliers are creating industry-specific systems to meet the needs of various industries, such as healthcare, manufacturing, retail, and finance. These specialized ERP systems provide tailored functionality and improved compliance assistance.

Challenges

  • High Upfront Cost of Cloud-based ERP Solutions- Enterprises find it challenging to make the switch to digital transformation due to the high cost of cloud-based ERP solutions. Enterprises must pay for the resources they use because cloud-based Mobile ERP systems are often charged depending on consumption. Businesses that need to increase their use of cloud-based ERP solutions pay a steep price.
  • Security Concerns Regarding Mobile ERP Solution Implementations
  • Compatibility Issues with Existing ERP Hardware and Software Integration

ERP Software Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

10%

Base Year Market Size (2022)

USD 38 Billion

Forecast Year Market Size (2035)

USD 131 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, South Korea, Singapore, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Rest of Europe)
  • Middle East and Africa (Israel, GCC, South Africa, Rest of the Middle East, and Africa)
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ERP Software Segmentation

Deployment (Cloud, On-premises, Hybrid)

The cloud segment in the ERP software market is expected to garner significant revenue during the forecasted timeframe. Cloud segmented is further expected to grow at a substantial CAGR during the forecast period. Most ERP companies have focused more on cloud and software-as-a-service (SaaS) solutions in the last decade. Moreover, cloud-based applications and software are easy to deploy for ERP. Despite this tendency, not all businesses should use the cloud.

Enterprise Size (Small Enterprise, Medium Enterprise, Large Enterprise)

Amongst these, the large enterprise segment is expected to grow at the substantial CAGR during the forecast period. As large enterprises have more substantial infrastructure and a huge revenue stream to implement on-premise ERP services, major organizations are the early adopters of ERP software and services. The urgent requirement to secure the company's key assets and manage operational processes and technological advancements is anticipated to increase demand for ERP software. Broad businesses have multiple locations; thus, they need a system that can integrate numerous company functions on a broad scale.

Our in-depth analysis of the global market includes the following segments:

           Component

  • Services
    • Professional Services
      • Implementation Services
        • Project Management
        • Data Migration
        • Training and Deployment
        • Others
      • Maintenance & Support Services
    • Managed Services
  • Software

          Deployment

  • On-premises
  • Cloud
  • Hybrid

          Enterprise Size

  • Small Enterprise
  • Medium Enterprise
  • Large Enterprise

          Business Function

  • Finance
  • Human Resource Management
  • Supply Chain Management
  • Enterprise Performance Management
  • Customer Management

          End User

  • BFSI
  • Healthcare & Life Sciences
  • Hospitality
  • Transportation & Logistics
  • Oil & Gas
  • Education

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ERP Software Industry- Regional Synopsis

North American Market Forecast

North America ERP software market is expected to register the highest CAGR during the forecast period owing to the high cloud and mobile penetration rate than other regions. Moreover, major ERP vendors have headquarters in the US, hence leveraging the demand across the North America region. The United States is the country that spends the most amount on cloud services. According to Harvard Business Review, cloud services are expected to account for 14% of all US IT spending by 2023.

APAC Market Statistics

The Asia Pacific ERP software market is expected to showcase substantial growth over the forecast period of 2022-2035 by registering a significant CAGR. There have been increasing government-favorable policies for digital technology software implementation. For instance, according to the Singapore Economic Development Board, Singapore’s USD 89 million TechSkills Accelerator program trains industry-ready ICT professionals.

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ERP Software Market Size
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Companies Dominating the ERP Software Landscape

top-features-companies
    • Microsoft Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • IBM Corporation
    • Oracle Corporation
    • SAP SE
    • Infor, inc.
    • NetSuite, Inc.
    • Sage Group plc
    • Dassault Systems
    • SYSPRO
    • Others

In-the-news

In The News

  • Google Cloud and SAP SE announced a significant expansion of their collaboration and the launch of a comprehensive open data service intended to streamline data landscapes and unleash the potential of corporate data. Enterprise data will become more open and valuable thanks to a new offering that unites SAP with Google Cloud's data and analytics technology, advancing enterprise AI development.
  • Oracle Corporation declares the terms and conditions to obtain Verenia's NetSuite CPQ business. This deal would bring NetSuite client local configure, price and quote (CPQ) functionality to enable fast and accurate guided selling. Verenia’s non-NetSuite CPQ and CRM product portfolio and customers are held by Verenia LLC. The deal is now ended and the Verenia NetSuite CPQ group would connect the Oracle NetSuite Global Business Unit organization.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5109
  • Published Date: Jul 27, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing IT industry as well as digitization and rising cloud & mobile-based ERP solution deployment are the major factors driving the market growth.

The market is anticipated to attain a CAGR of approximately 10% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, Infor, inc., NetSuite, Inc., Sage Group plc, Dassault Systems, SYSPRO, and others.

The cloud segment is anticipated to garner the largest market size by the end of 2035 and display significant integration opportunities owing to higher scalability of the cloud systems and easier transitions from previous ERP systems

The North America region is estimated to account for the largest market share by the end of 2035 and provide lucrative business opportunities in the future owing to high mobile and cloud penetration rate across US and Canada.
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