Global ERP Software Market by Type (On Premise ERP, Cloud-Based ERP), By Application (Manufacturing, BFSI, Healthcare, Aerospace & Defense, Telecom, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global ERP software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based ERP software and the growing trend of digital transformation across industries. The on premise ERP segment is expected to dominate the global ERP software market during the forecast period, owing to its advantages such as low implementation and maintenance costs, better security features, and customizability. However, the cloud-based ERP segment is projected to grow at a higher CAGR than that of on premise ERP during the forecast period, due to its advantages such as lower total cost of ownership (TCO), scalability, and flexibility.



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Product Definition:

ERP stands for Enterprise Resource Planning. It is a type of software that allows businesses to manage their resources, including finances, personnel, and operations. ERP software is important because it allows businesses to track all aspects of their operation in one place, making it easier to identify inefficiencies and make changes.

On Premise ERP:

On premise ERP is an integrated software system which includes a set of modules and functions that are used to carry out operations in an organization. It is also known as cloud ERP, SaaS or enterprise resource planning software. These systems have the ability to integrate various business functions such as accounting, inventory management, sales order processing and product information management among others into a single platform from where they can be accessed by multiple departments within an organization.

Cloud-Based ERP:

Cloud-based ERP is a type of software that provides an online environment to manage day-to-day business operations. It helps businesses in connecting with their customers and enhancing their overall productivity. Cloud based ERP software offers features such as real time data, remote access from any location, and integration with multiple systems which are expected to drive the market growth over the forecast period.

Application Insights:

The manufacturing application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for real-time data across all operations within the supply chain network. The implementation of these systems helps manufacturers improve their productivity by tracking information related to product design, production, sales and services from initial concept through manufacturing and distribution channels.

The BFSI sector is expected to emerge as one of the prominent sectors driving industry expansion over the coming years owing to growing demand for efficient financial applications that help reduce time consumed in paperwork handling procedures thereby boosting industry growth further down roadways.

Regional Analysis:

The Asia Pacific region is expected to emerge as the fastest-growing market over the forecast period. The growth can be attributed to increasing investments in developing business processes and IT infrastructure, growing adoption of cloud computing, and demand for cost-effective solutions. Additionally, rising number of small & medium enterprises (SMEs) in countries such as China and India is anticipated to drive the regional market growth.

North America accounted for a significant share owing to early adoption of enterprise resource planning software coupled with presence of major ERP vendors such as Oracle Corporation; SAP SE; Microsoft Corporation; IBM Corporation.; PeopleSoft Inc.; Salesforce CRM LLC; among others. Moreover, high level of digitalization across various industries has resulted in increased deployment rate within North America region compared to other regions. For instance, according to Gartner Inc., by 2020 more than 50% organizations would have adopted or are actively adopting digital transformation strategies across their organizations globally including manufacturing companies in U.S.

Growth Factors:

Increasing demand for ERP software from small and medium-sized businesses (SMBs) due to the growing need for automation and streamlining of business processes.
Proliferation of cloud-based ERP solutions that offer lower costs, scalability, and ease of deployment/use, which is resulting in an increase in adoption by SMBs.
The increasing trend of mergers & acquisitions (M&A) is leading to the consolidation of businesses which are then looking to deploy ERP systems to manage their operations more effectively.
Rapid digitization across all industries is resulting in a greater demand for ERP software that can help organizations manage their digital transformation initiatives more effectively.


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Scope Of The Report
Report Attributes
Report Details
Report Title
ERP Software Market Research Report
By Type
On Premise ERP, Cloud-Based ERP
By Application
Manufacturing, BFSI, Healthcare, Aerospace & Defense, Telecom, Others
By Companies
SAP, Oracle, Sage, Infor, Microsoft, Kronos, Epicor, IBM, Totvs, Workday, UNIT4, YonYou, Cornerstone, Kingdee, Digiwin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.

Global ERP Software Market Report Segments:
The global ERP Software market is segmented on the basis of:
Types
On Premise ERP, Cloud-Based ERP
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, BFSI, Healthcare, Aerospace & Defense, Telecom, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
SAP
Oracle
Sage
Infor
Microsoft
Kronos
Epicor
IBM
Totvs
Workday
UNIT4
YonYou
Cornerstone
Kingdee
Digiwin



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Highlights of The ERP Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
On Premise ERP
Cloud-Based ERP
By Application:
Manufacturing
BFSI
Healthcare
Aerospace & Defense
Telecom
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the ERP Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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