Segments - Enterprise Resource Planning Market by Deployments (Cloud, On-premise, and Hybrid), Organization Sizes (Small and Medium Enterprises and Large Enterprises), End-users (Manufacturing, Government, Military and Defense, Retail, BFSI, Telecom, Healthcare, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The Enterprise Resource Planning Market was USD 44.47 Billion in 2022 and is likely to reach USD 76.42 Billion by 2031, expanding at a CAGR of 6.2% during 2023 - 2031. The growth of the market is attributed to the rising demand among enterprises to improve operational productivity and simplify business processes.
Enterprise resource planning is a procedure used by enterprises to accomplish and incorporate the important parts of their businesses. Numerous enterprise resource planning programming applications are critical to organizations since they assist them with carrying out asset arrangements by coordinating each cycles with a solitary framework. Enterprise resource planning software include purchasing inventory, marketing, human resources, integrate planning, finance, and sales, among others.
Enterprise resource planning is a system that brings coordination between various computer systems for large businesses. With help of ERP system, each department can access various platforms with one interface. ERP applications also allow different departments to communicate and share information more easily with the rest of the company. It collects information about the activity and state of different divisions, making information available to other parts, where it can be used productively.
ERP applications additionally permit various departments to convey and share data effectively with the remainder of the organization. During the COVID-19 pandemic, ERP systems were in huge demand as it helped the businesses to support various business tasks through remote access, robotized revealing, electronic information trade, and constant production line controls.
The report on the global enterprise resource planning market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Enterprise Resource Planning Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Deployments (Cloud, On-premise, and Hybrid), Organization Sizes (Small & Medium Enterprises and Large Enterprises), and End-users (Manufacturing, Government, Military and Defense, Retail, BFSI, Telecom, Healthcare, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Infor Inc.; Oracle Corporation; Microsoft Corporation; SAP SE; and IBM Corporation |
Based on deployments, the market is segregated into cloud, on-premise, and hybrid. The cloud segment is estimated to grow at a rapid pace due to low cost of installation. Rising information utilization in the manufacturing industry has made the ERP framework a fundamental system as it helps in coordinating the information from different departments. The majority of the manufacturing companies are presently coordinating all their business activity through database management system, business management software, and ERP HR module.
On the basis of organization sizes, the enterprise resource planning market is bifurcated into small and medium enterprises and large enterprises. The large enterprises segment is projected to expand at a considerable CAGR during the forecast period due to the high economies of scale and affordability that permit organizations to deploy the benefits of the cloud ERP solution. Large enterprises heavily spends on advanced digital solutions, including cloud ERP to further develop their business processes.
In terms of end-users, the market is categorized as manufacturing, government, military and defense, retail, BFSI, telecom, healthcare, and others. The retail segment is projected to account for a significant market share during the forecast period. System permits retailers to carry out exercises as per the requirement. It focuses on different methodologies to be utilized to help retailers increase their revenue.
Based on regions, the enterprise resource planning market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the forecast period due to rising demand for internal process competence, primarily through digital systems. Many major ERP merchants are working together with banks in the region for the advancement of quicker installment techniques. ERP dealers are empowering logistics and manufacturing merchants to accept increased reality and apply artificial intelligence (AI)-type advancements to sensor information gathered from machines and robots.
The enterprise resource planning market has been segmented on the basis of:
The key players competing in the enterprise resource planning market are Infor Inc.; Oracle Corporation; Microsoft Corporation; SAP SE; and IBM Corporation.
In July 2020, SAP and Siemens contracted a partnership agreement to accelerate the digitization of manufacturing processes, which allows companies to develop an end-to-end digital thread for manufacturing process.