Categories: Market Research

ERP Software Market Research, Size, Forecast To 2033

The erp software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

ERP Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –

The erp software market size has grown rapidly in recent years. It will grow from $182.22 billion in 2023 to $202.69 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to business process optimization, integration needs, legacy system replacement, regulatory compliance, global expansion.

The erp software market size is expected to see rapid growth in the next few years. It will grow to $311.4 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to cloud erp adoption, digital transformation, mobile and remote work, ai and automation, user-friendly interfaces. Major trends in the forecast period include cloud erp adoption, mobile erp, iot integration, saas erp, blockchain integration.

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Scope Of ERP Software Market

The Business Research Company’s reports encompass a wide range of information, including:

Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
Drivers: Examination of the key factors propelling market growth.
Trends: Identification of emerging trends and patterns shaping the market landscape.
Key Segments: Breakdown of the market into its primary segments and their respective performance.
Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
Macro Economic Factors: Assessment of broader economic elements impacting the market.

ERP Software Market Overview

Market Drivers –

A rise in the e-commerce industry is expected to propel the growth of the enterprise resource planning (ERP) software market going forward. E-commerce refers to the activity of electronically buying or selling products and services on online services or over the Internet. ERP software can provide real-time data and updates to customers, keeping them informed throughout the sales process and reducing potential frustrations. For instance, according to the United States Census Bureau, a US-based government agency, e-commerce sales in the second quarter of 2023 accounted for 15.4% of total sales in the U.S. On a not-adjusted basis, the estimate of U.S. retail e-commerce sales for the second quarter of 2023 totaled $269.5 billion, an increase of 6.6% from the first quarter of 2023. Thus, a rise in the e-commerce industry is driving the growth of the ERP software market.

The erp software market covered in this report is segmented –

1) By Function: Finance, HR, Supply Chain, Other Functions

2) By Deployment: On Premise ERP, Cloud ERP

3) By Vertical: Manufacturing and Services, BFSI, Healthcare, Retail, Government Utilities, Aerospace & Defense, Telecom, Other Verticals

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Regional Insights –

Asia-Pacific was the largest region in the ERP software market in 2023. North America was the second largest region in the ERP software market. The regions covered in the erp software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Key Companies –

Major companies operating in the erp software market include SAP SE, Oracle Corporation, Microsoft Corporation, Epicor Software Corporation, Infor, Sage Intacct Inc., NetSuite Inc., IFS AB, Syspro Technologies, Brightpearl Limited, FinancialForce, Dolibarr ERP CRM, Awery Software FZ LLC, WP ERP, Kechie ERP, Stafiz, BatchMaster Software Pvt Ltd., Intuit Inc., Fidelity National Information Services Inc., Finserv Inc., Cerner Corporation, SS&C Technology Holdings Inc., Constellation Software Inc., Odoo, Lawson, Consona Corp, Activant Solutions Pvt Ltd., QAD Inc., Kronos Incorporated, International Business Machines Corporation

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