Global ERP Implementation Market TOC
1. 1. An Outline of the ERP Implementation Market
2. Assumptions & Abbreviations
3. Research Methodology & Approach
4. Summary of the Report for Key Decision Makers
5. Forces of the Market Constituents
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
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
23. Competitive Model: A Detailed Inside View for Investors
24. Global ERP Implementation Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
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
27. Europe ERP Implementation Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
28. Asia Pacific ERP Implementation Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
29. Latin America ERP Implementation Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
30. Middle East and Africa ERP Implementation Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
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.
Growth Drivers
Challenges
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 |
|
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 |
|
Deployment |
|
Enterprise Size |
|
Business Function |
|
End User |
|
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.
Author Credits: Abhishek Verma, Hetal Singh
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