The global demand for ERP Software Market is presumed to reach the valuation of nearlyUSD 138.06 MN by 2030 from USD 55.76 MN in 2022 with a CAGR of 12% under the study period of 2023-2030.
ERP software or enterprise resource planning software is a business process management software. It allows an organization to integrate all facets of an operation including product planning, development, manufacturing, sales, and marketing. It helps in managing businesses by automation of back-office functions associated with technology, services, and human resources.
Market Dynamics
The rising demand from large and SMEs (Small & Medium Enterprises) is driving the market growth. Increasing adoption of cloud and mobile-based application is again accelerating the product demand. The growing need for operational efficiency and transparency in business processes further fuelling market growth. On the other hand, the high cost of ERP software is likely to hamper the market demand. Whereas, rapidly changing business model coupled with the geographic expansion of businesses are expected to spur an opportunity over the forecast period.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of ERP software.
Market Segmentation
The entire ERP software market has been sub-categorized into deployment, function, vertical, and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Function
- Finance
- HR
- Supply Chain
- Others
By Deployment
By Enterprise Size
- Large Enterprises
- Medium Enterprises
- Small Enterprises
By Vertical
- Manufacturing
- BFSI
- Healthcare
- Retail
- Government
- Aerospace & Defense
- Telecom
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for ERP software market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global ERP Software Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the ERP Software market include Hewlett-Packard Development Company L.P., Epicor Software Corporation, International Business Machines Corporation, Infor Inc., NetSuite Inc., Microsoft Corporation, SAP SE, Oracle Corporation, Unit4. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.