Market Overview:
The global ERP system 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 systems and the growing trend of digital transformation across industries. The on-premises segment is expected to dominate the global ERP system market during the forecast period, owing to its advantages such as low implementation and maintenance costs, better security and control over data, and customizability.
Product Definition:
A software system used in business to integrate and manage all the different aspects of a company's operations, from accounting to human resources. ERP systems are important because they allow businesses to automate many processes, which can lead to increased efficiency and decreased costs.
Cloud Based:
Cloud-based software is a type of software system that provides shared services for managing data and applications across multiple sites and devices. It helps organizations in reducing the cost of technology infrastructure, human resources, space & time required to run business operations. Cloud-based solutions are gaining popularity due to its scalability feature which allows enterprises to easily increase or decrease the number of users accessing cloud based applications simultaneously without having an impact on the other end users.
On-Premises:
On-premises software is a type of software that is installed and used directly without any third-party involvement. The on-premises software solutions are developed by the companies/developers and hence, they have complete control over it. On-premise solutions do not depend upon internet connectivity or the cloud for their working; instead, they depend upon the physical presence of an employee with a laptop to provide services to other users.
Application Insights:
The manufacturing and services application segment accounted for the largest market share in 2017. The manufacturing sector in developed economies is registering a high growth rate on account of increasing demand for industrial machinery and equipment. This is likely to drive the adoption of enterprise resource planning (ERP) systems over the forecast period.
The banking, financial services, and insurance (BFSI) sector has been one of the leading adopters of ERP systems owing to its need for efficiency, effectiveness, standardization across departments as well as an opportunity to integrate different applications such as accounting software with other business applications such as supply chain management. Furthermore, growing government regulations regarding data security are expected to drive system implementation within this industry over the forecast period.
Regional Analysis:
The Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing government investments in infrastructure development, rising adoption of cloud computing, and surging demand for customer relationship management systems. Moreover, growing penetration of smartphones coupled with advancements in networking technologies has led to an increase in e-commerce activities across various industry verticals thereby driving the need for enterprise resource planning solutions as well.
North America is projected to emerge as a prominent regional market over the forecast period owing to technological advancements such as Artificial Intelligence (AI), machine learning, digitalization initiatives by governments along with increased focus on reducing operational costs resulting into higher adoption rates ERP systems across numerous industries. Furthermore, presence of major players such as Oracle Corporation; SAP SE; IBM Corporation; Microsoft Corporation; and Salesforce CRM Inc.; among others are contributing towards growth of this regional market significantly.
Growth Factors:
- Increasing demand for ERP systems from small and medium-sized businesses (SMBs) due to the growing need for automation and streamlining of business processes.
- Proliferation of cloud-based ERP systems, which are easier to deploy and manage, driving wider adoption among businesses of all sizes.
- The increasing trend of mergers and acquisitions (M&As) is leading to the consolidation of enterprises, which in turn is fueling the demand for ERP systems as a way to integrate disparate business operations quickly and efficiently.
- Rapid digitization across industries is resulting in an increased need for ERP systems that can help organizations manage their digital transformation initiatives more effectively.
Scope Of The Report
Report Attributes
Report Details
Report Title
ERP System Market Research Report
By Type
Cloud Based, On-Premises
By Application
Manufacturing & Services, BFSI, Health Care, Retail, Government Utilities, Aerospace & Defense, Others
By Companies
Oracle, SAP, IBM Corporation, Microsoft Corporation, Infor, NetSuite, Totvs, Unit4, Syspro, HashMicro Pte Ltd, Scoro, Sage Intacct, Brightpearl
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
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global ERP System Market Report Segments:
The global ERP System market is segmented on the basis of:
Types
Cloud Based, On-Premises
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 & Services, BFSI, Health Care, Retail, Government Utilities, Aerospace & Defense, 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:
- Oracle
- SAP
- IBM Corporation
- Microsoft Corporation
- Infor
- NetSuite
- Totvs
- Unit4
- Syspro
- HashMicro Pte Ltd
- Scoro
- Sage Intacct
- Brightpearl
Highlights of The ERP System 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:
- Cloud Based
- On-Premises
- By Application:
- Manufacturing & Services
- BFSI
- Health Care
- Retail
- Government Utilities
- Aerospace & Defense
- 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 System 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
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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
Frequently Asked Questions?
ERP system is an abbreviation for enterprise resource planning. It is a software system that helps organizations manage their resources more effectively. ERP systems typically include features such as customer management, inventory management, order processing, and financial tracking. They can help businesses improve their efficiency and effectiveness by making it easier to track information across various departments.
Some of the key players operating in the erp system market are Oracle, SAP, IBM Corporation, Microsoft Corporation, Infor, NetSuite, Totvs, Unit4, Syspro, HashMicro Pte Ltd, Scoro, Sage Intacct, Brightpearl.
The erp system market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ERP System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 ERP System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ERP System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the ERP System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global ERP System Market Size & Forecast, 2020-2028
4.5.1 ERP System Market Size and Y-o-Y Growth
4.5.2 ERP System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Manufacturing & Services
6.2.2 BFSI
6.2.3 Health Care
6.2.4 Retail
6.2.5 Government Utilities
6.2.6 Aerospace & Defense
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ERP System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 ERP System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On-Premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Manufacturing & Services
9.10.2 BFSI
9.10.3 Health Care
9.10.4 Retail
9.10.5 Government Utilities
9.10.6 Aerospace & Defense
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On-Premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Manufacturing & Services
10.10.2 BFSI
10.10.3 Health Care
10.10.4 Retail
10.10.5 Government Utilities
10.10.6 Aerospace & Defense
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On-Premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Manufacturing & Services
11.10.2 BFSI
11.10.3 Health Care
11.10.4 Retail
11.10.5 Government Utilities
11.10.6 Aerospace & Defense
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On-Premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Manufacturing & Services
12.10.2 BFSI
12.10.3 Health Care
12.10.4 Retail
12.10.5 Government Utilities
12.10.6 Aerospace & Defense
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On-Premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Manufacturing & Services
13.10.2 BFSI
13.10.3 Health Care
13.10.4 Retail
13.10.5 Government Utilities
13.10.6 Aerospace & Defense
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 ERP System Market: Competitive Dashboard
14.2 Global ERP System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Oracle
14.3.2 SAP
14.3.3 IBM Corporation
14.3.4 Microsoft Corporation
14.3.5 Infor
14.3.6 NetSuite
14.3.7 Totvs
14.3.8 Unit4
14.3.9 Syspro
14.3.10 HashMicro Pte Ltd
14.3.11 Scoro
14.3.12 Sage Intacct
14.3.13 Brightpearl
