Enterprise Resource Planning Market size was estimated at $49 billion in 2021 and is expected to reach $104 billion by 2031, growing at a CAGR of 9.8% during the forecast period of 2022 to 2031.
Enterprise Resource Planning Market
Enterprise resource planning is a type of software that allows management professionals to manage and control day-to-day business activities such as accounting, project management, procurement, supply chain operations, and many other management functions over an electronic device. Enterprise resource planning is a business management process integrated and mediated by software and technology. The main motive of enterprise resource planning is to increase organizational efficiency by managing and improving the way of the utilization of resources. Some examples of ERP system modules are product life cycle management, accounting, sale order processing, warehouse management, and financial management.
Enterprise Resource Planning Market Growth and Trend
The growing transition toward automation of business management processes is significantly increasing the demand for enterprise resource planning technology. This technology enables managers to deal with complex processes and provide various tools to assist in business operations. Every sector is adopting enterprise resource planning software due to the growing need for maintaining confidentiality related to business processes and compliance with stringent regulations. This technology helps in synchronizing and integrating various business operations. Such emerging scenarios will significantly fuel the growth of the global enterprise resource planning market during the forecast periods. In addition, the increasing adoption of ERP systems by the manufacturing sector is likely to push the market up. Moreover, an increase in penetration of IoT-based technology, modeling and simulation, and cloud computing may result in creating various opportunities for the growth of the enterprise resource planning market during the forecast timeframe.
Enterprise Resource Planning Market Segmentation
The global enterprise resource planning market is segmented on the basis of deployment, application, organization size, and end-user. Based on deployment, the market is divided into cloud, on-premises, and hybrid. The hybrid segment of the market holds a significant share due to its advanced and varied functionalities. By application, the enterprise resource planning market is segregated into customer relationship management, supply chain management, finance and accounting management, human resource management, risk management, project portfolio management, and manufacturing. The finance and accounting management segment accounted for a major share and is expected to register a high growth rate over the forecast time period. The segmental growth can be attributed to the stringent government regulations for recording and disclosure of the financial statement. By organization size, the market is classified into small and medium enterprises and large enterprises. Due to increasing new businesses around the world, small and medium enterprises hold a significant share in the global enterprise resource planning market. Based on end-user, the market is segmented into IT and telecom, BFSI, government sector, retail, manufacturing, healthcare, transportation, and others.
Enterprise Resource Planning Market Country Analysis
North America is anticipated to remain the leading region over the forecast period. The regional growth can be attributed to the technological breakthroughs in the banking sector and policies and regulation initiated by the government is significantly pushing the market growth. However, Europe is the second-largest shareholder in the enterprise resource planning market due to ongoing technological advancements in the region and widespread acceptance of the technology by the enterprises of the region.
Enterprise Resource Planning Market Share and Competition
The key companies operating in the global enterprise resource planning market are Oracle Corporation, Microsoft Corporation, IBM Corporation, SAP SE, Infor, Sage Group Plc, NetSuite Inc., SYSPRO, Unit4, and TOTVS S.A., among others.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Deployment Analysis (Revenue, USD Million, 2022 - 2031)
Application Analysis (Revenue, USD Million, 2022 - 2031)
• Customer Relationship Management
• Supply Chain Management
• Supplier Relationship Management
• Finance and Accounting Management
• Human Resource Management
• Risk Management
• Project Portfolio Management
Organization Size Analysis (Revenue, USD Million, 2022 - 2031)
• Small- and Medium-Sized Enterprises (SMEs)
• Large Enterprises
End-Users Analysis (Revenue, USD Million, 2022 - 2031)
• IT and Telecom
• Government Sector
Region Analysis (Revenue, USD Million, 2022 – 2031)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Enterprise Resource Planning Market Companies
• Oracle Corporation
• Microsoft Corporation
• IBM Corporation
• SAP SE
• Sage Group Plc
• NetSuite Inc.
• SYSPRO, Unit4
• TOTVS S.A.
• United States Enterprise Resource Planning Industry Research Report
• Europe Enterprise Resource Planning Industry Research Report
• Asia Pacific Enterprise Resource Planning Industry Research Report
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