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Report
Enterprise Resource Planning (ERP) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 143 Pages I IMARC Group
Market Overview:
The global enterprise resource planning (ERP) market size reached US$ 46.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 76.3 Billion by 2028, exhibiting a growth rate (CAGR) of 9.4% during 2023-2028.
Enterprise resource planning (ERP) is a software solution that automates and manages the core business processes of an organization, such as planning, finance, accounting, procurement, supply chain operations, compliance, and inventory, project and risk management. It helps integrate various administrative and business processes into an integrated system for operational efficiency. It assists in improving supply chain management, predicting and minimizing risk chances, facilitating collaboration, and improving the financial health of organizations. As a result, several companies are adopting ERP solutions to reduce operational and capital expenses.
Enterprise Resource Planning Market Trends:
The rising digitization of corporate functionalities, along with the increasing need for operational efficiency and transparency, represents one of the key factors catalyzing the demand for ERP solutions to streamline information across various departments of an enterprise. In addition, the widespread employment of ERP in the healthcare industry to minimize clinical errors and provide better patient care at reduced clinical and administrative costs is positively influencing the market. Apart from this, it finds extensive applications in the banking, financial services, and insurance (BFSI) industry to protect the confidential information of customers and prevent security breaches. The expansion of small and medium-sized enterprises is leading to the increasing utilization of ERP to make real-time and data-driven decisions. Furthermore, the emerging trend of implementing cloud-based ERP applications in the manufacturing, telecom, and information technology (IT) industries is contributing to the market growth. Additionally, the escalating demand for smart education systems with innovative software is continuously driving the need for education ERP software. In line with this, the rising adoption of cloud-based applications helps minimize IT infrastructure costs of organizations. Moreover, increasing investments by the leading players in extensive research and development (R&D) activities are expected to propel the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global enterprise resource planning (ERP) market report, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on component, business segment, deployment type, organization size, and vertical.
Breakup by Component:
Solutions
Services
Based on the component, the market has been bifurcated into solutions and services.
Breakup by Business Segment:
Sales and Marketing
Finance and Accounting
Order Management
Others
Finance and accounting represent the largest market segment as ERP allows businesses to track their financial transactions more quickly through automation.
Breakup by Deployment Type:
On-premises
Cloud-based
On-premises ERP currently accounts for the majority of the market share as it is a resource planning software that provides optimal security to enterprises as it is not accessible through the internet.
Breakup by Organization Size:
Large Organizations
Small and Medium-Sized Organizations
Large organizations dominate the market as ERP solutions allow more accurate and efficient reporting and provide a collaboration-based and data-driven work environment.
Breakup by Vertical:
BFSI
Manufacturing
Healthcare
Education
Government
Automotive
Others
The manufacturing sector holds the largest market share as the software promotes centralized database support and helps optimize required resources during manufacturing.
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America exhibits a clear dominance in the market due to the existence of numerous market players, rising adoption of ERP software by small and medium-sized companies, and increasing investments by the leading ERP vendors in the development of technologically advanced software.
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Epicor Software Corporation (KKR & Co. Inc.), International Business Machines Corporation, Kronos Incorporated (Hellman & Friedman LLC), Microsoft Corporation, Oracle Corporation, SAP SE, The Sage Group Plc, TOTVS S.A, Unit4 (Advent International), Workday Inc. and Yonyou Network Technology Co. Ltd.
Key Questions Answered in This Report:
How has the global enterprise resource planning (ERP) market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global enterprise resource planning (ERP) market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the business segment?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global enterprise resource planning (ERP) market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Enterprise Resource Planning (ERP) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solutions
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Business Segment
7.1 Sales and Marketing
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Finance and Accounting
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Order Management
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Deployment Type
8.1 On-premises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cloud-based
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Organization Size
9.1 Large Organizations
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Small and Medium-Sized Organizations
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Vertical
10.1 BFSI
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Manufacturing
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Healthcare
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Education
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Government
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Automotive
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Others
10.7.1 Market Trends
10.7.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Epicor Software Corporation (KKR & Co. Inc.)
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 SWOT Analysis
16.3.2 International Business Machines Corporation
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Kronos Incorporated (Hellman & Friedman LLC)
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Microsoft Corporation
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 Oracle Corporation
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 SAP SE
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 The Sage Group Plc
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 TOTVS S.A
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 Unit4 (Advent International)
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Workday Inc.
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 Yonyou Network Technology Co. Ltd.
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
Figure 1: Global: Enterprise Resource Planning Market: Major Drivers and Challenges
Figure 2: Global: Enterprise Resource Planning Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Enterprise Resource Planning Market: Breakup by Component (in %), 2022
Figure 4: Global: Enterprise Resource Planning Market: Breakup by Business Segment (in %), 2022
Figure 5: Global: Enterprise Resource Planning Market: Breakup by Deployment Type (in %), 2022
Figure 6: Global: Enterprise Resource Planning Market: Breakup by Organization Size (in %), 2022
Figure 7: Global: Enterprise Resource Planning Market: Breakup by Vertical (in %), 2022
Figure 8: Global: Enterprise Resource Planning Market: Breakup by Region (in %), 2022
Figure 9: Global: Enterprise Resource Planning Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Enterprise Resource Planning (Solutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Enterprise Resource Planning (Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Enterprise Resource Planning (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Enterprise Resource Planning (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Enterprise Resource Planning (Sales and Marketing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Enterprise Resource Planning (Sales and Marketing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Enterprise Resource Planning (Finance and Accounting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Enterprise Resource Planning (Finance and Accounting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Enterprise Resource Planning (Order Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Enterprise Resource Planning (Order Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Enterprise Resource Planning (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Enterprise Resource Planning (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Enterprise Resource Planning (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Enterprise Resource Planning (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Enterprise Resource Planning (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Enterprise Resource Planning (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Enterprise Resource Planning (Large Organizations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Enterprise Resource Planning (Large Organizations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Enterprise Resource Planning (Small and Medium-Sized Organizations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Enterprise Resource Planning (Small and Medium-Sized Organizations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Enterprise Resource Planning (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Enterprise Resource Planning (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Enterprise Resource Planning (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Enterprise Resource Planning (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Enterprise Resource Planning (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Enterprise Resource Planning (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Enterprise Resource Planning (Education) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Enterprise Resource Planning (Education) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Enterprise Resource Planning (Government) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Enterprise Resource Planning (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Enterprise Resource Planning (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Enterprise Resource Planning (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Enterprise Resource Planning (Other Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Enterprise Resource Planning (Other Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: North America: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: North America: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: United States: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: United States: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Canada: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Canada: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Asia Pacific: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Asia Pacific: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: China: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: China: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Japan: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Japan: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: India: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: India: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: South Korea: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: South Korea: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Australia: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Australia: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Indonesia: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Indonesia: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Europe: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Europe: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Germany: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Germany: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: France: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: France: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: United Kingdom: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: United Kingdom: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Italy: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Italy: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Spain: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Spain: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Russia: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Russia: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Latin America: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Latin America: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Brazil: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Brazil: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Mexico: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Mexico: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Others: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Others: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Middle East and Africa: Enterprise Resource Planning Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Middle East and Africa: Enterprise Resource Planning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Global: Enterprise Resource Planning Industry: SWOT Analysis
Figure 93: Global: Enterprise Resource Planning Industry: Value Chain Analysis
Figure 94: Global: Enterprise Resource Planning Industry: Porters Five Forces Analysis
Table 1: Global: Enterprise Resource Planning Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Enterprise Resource Planning Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Enterprise Resource Planning Market Forecast: Breakup by Business Segment (in Million US$), 2023-2028
Table 4: Global: Enterprise Resource Planning Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
Table 5: Global: Enterprise Resource Planning Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 6: Global: Enterprise Resource Planning Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
Table 7: Global: Enterprise Resource Planning Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Enterprise Resource Planning Market Structure
Table 9: Global: Enterprise Resource Planning Market: Key Players
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