The latest report by IMARC Group, titled “Enterprise Resource Planning (ERP) Market Report by Component (Solutions, Services), Business Segment (Sales and Marketing, Finance and Accounting, Order Management, and Others), Deployment Type (On-premises, Cloud-based), Organization Size (Large Organizations, Small and Medium-Sized Organizations), Vertical (BFSI, Manufacturing, Healthcare, Education, Government, Automotive, and Others), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the erp market overview.

How big is the ERP market?

The global erp market size reached US$ 50.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 101.0 Billion by 2032, exhibiting a growth rate (CAGR) of 7.9% during 2024-2032.

Factors Driving Growth in the Enterprise Resource Planning (ERP) Industry:

• Emergence of Subscription-Based Pricing Models:

The adoption of subscription-based pricing models by ERP vendors is reshaping the ERP landscape, offering enhanced accessibility and scalability to organizations. This shift eliminates the need for substantial upfront costs typically associated with traditional perpetual licensing models, enabling businesses to leverage sophisticated ERP functionalities based on current needs. Subscription pricing enhances cost-effectiveness and agility, empowering businesses, including small and medium-sized enterprises (SMEs), to access advanced ERP features that were previously financially prohibitive. As a result, broader adoption across industries is facilitated.

• Focus on User Experience (UX) Enhancement:

Improving user experience (UX) has become a pivotal focus for ERP vendors, recognizing the impact of user-friendly systems on adoption rates, productivity, and user learning curves. Modern ERP solutions are designed with intuitive interfaces, role-based access, and personalized dashboards catering to diverse user preferences. Streamlining navigation, simplifying processes, and providing real-time data visualization enhance decision-making and operational efficiency. By prioritizing UX, ERP vendors aim to deliver engaging systems meeting business requirements while ensuring a satisfying user experience, thereby driving market growth.

• Preference for Industry-Specific Solutions:

The evolution of ERP systems highlights a shift towards industry-specific solutions, tailored to address distinct operational requirements and challenges across sectors. In manufacturing, ERP systems support product lifecycle management, supply chain logistics, and real-time inventory management, integrating with shop floor control processes. In healthcare, ERP solutions focus on patient-centric workflows, compliance, data security, and integration with medical systems. Retail-oriented ERP systems emphasize point-of-sale integrations, e-commerce, and customer relationship management for efficient operations and improved customer satisfaction, driving market growth.

For an in-depth analysis, you can request a sample copy of the report: https://www.imarcgroup.com/enterprise-resource-planning-market/requestsample

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

• 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.
• Yonyou Network Technology Co. Ltd.

 Enterprise Resource Planning (ERP) Market Report Segmentation:

By Component:

• Solutions
• Services

Based on the components, the market has been bifurcated into solutions and services.

By Business Segment:

• Sales and Marketing
• Finance and Accounting
• Order Management
• Others

Finance and accounting hold the largest market share due to the critical role these functions play in organizational operations and the high demand for comprehensive financial management solutions.

By Deployment Type: 

• On-premises
• Cloud-based

On-premises dominates the market share as many enterprises, particularly in highly regulated industries, prioritize data control and security, often preferring on-premises solutions over cloud-based alternatives.

By Organization Size: 

• Large Organizations
• Small and Medium-Sized Organizations

Large organizations represent the leading market segment, as they have complex operations that require improved ERP solutions to manage their vast resources and processes effectively.

By Vertical:

• BFSI
• Manufacturing
• Healthcare
• Education
• Government
• Automotive
• Others

Manufacturing holds the leading market segment, as ERP systems are essential for managing production, supply chain, inventory, and other critical aspects of manufacturing operations.

Regional Insight:

• 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’s dominance in the enterprise resource planning (ERP) market is attributed to its growing IT infrastructure, widespread adoption of advanced technologies, and the presence of many large enterprises requiring sophisticated ERP solutions.

Global Enterprise Resource Planning (ERP) Market Trends:

The trend towards cloud-based ERP solutions, offering scalability, flexibility, and cost-efficiency, is a significant driver of market growth. Vendors are developing industry-specific solutions tailored to sectors such as manufacturing, healthcare, retail, and finance, improving process efficiency and system integration. Integration of AI and machine learning into ERP systems enhances automation, predictive analytics, and decision-making capabilities for tasks like demand forecasting and customer service optimization. Additionally, mobile ERP applications enable users to access data and perform tasks remotely, enhancing productivity and decision-making globally.

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=2585&flag=C

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163