ERP Market Overview

The report is titled as ‘ERP Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the ERP market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The ERP market is expected to grow at a significant rate in the near future.

The global ERP market was valued US$ 43.4 Bn at the end of 2020 and expected to reach at a value of US$ 89.1 Bn by 2028 with a significant CAGR of 9.4%.

ERP Market Definition

The realm of Information Technology (IT) is enhancing and advancing with large-scale innovation and ERP software are one of them. Basically, ERP systems can be understood as a holistic and structured software package incorporating a group of functional modules (Human resources, Production, Finance, Sales, and others) and combining all the departmental functions across organizations into one sole system, thus meeting the needs of all departments.

Implementation of ERP systems led to improved performance and also brought immense benefits such as greater productivity, advanced access to timely and accurate information, strengthened workflow, decreased reliance on paper, knowledge sharing, rigid control, as well as automation of all processes by coordinating and integrating the information across all departments.

Enterprise resource planning (ERP) plays the role of the integrated management in the core business processes, which are oftentimes in real-time and thus, acts as a mediator between technology and software. ERP systems or software are well-known across different industries around the world, owing to which, it has drawn attention of many giant and leading  organisations of the market comprising huge chunks of data, resulting in massive adoption of ERP systems.

ERP Market Dynamics

The leading organisations of the global markets as well as small and mid-sized business organizations look for tried and tested techniques to rationalize and streamline their operations and enhance their customers’ overall experience to rejuvenate their competitive position in the global markets and ultimately boost growth. At the same time, enterprise resource planning (ERP) is a well-established and well-known system across organisations, which stimulates its adoption in the global markets, owing to which the global ERP market is projected to grow rapidly in the years to come.

By the same token, various micro and small-size organisations were not able to reap the benefits of ERP due to the requirement of heavy investment. Although, in the present times, solutions are designed to meet their particular needs now enable smaller organizations as well to take advantage of the potential of these systems to acquire the same benefits that larger organisations enjoy, which further elevates the demand and adoption of ERP systems, worldwide. Owing to which, the global ERP market is projected to escalate higher in the forthcoming years.

In the modern-day world, ERP software has also adopted new and fresh approaches to its structuring system, which have significantly simplified the usage and implementation of the systems – more importantly, these solutions are now much more cost-effective and easy to afford to obtain and sustain. Such factors are also expected to positively fuel the growth of the global ERP market in the near future.

Furthermore, organisations, nowadays, are more focused towards increasing productivity and efficiency of the workforce with the adoption of advanced technologies as well as surging demand of mobility solutions such as Machine Learning (ML) and Artificial Intelligence (AI) is further anticipated to positively impact the growth of the global ERP market in the coming years. 

ERP Market Segmentation

The global ERP market is segmented on the basis of organisation size, application, end-user industry and regions. On the basis of organisation size, the ERP market is segmented into large companies, upper mid-market companies, lower mid-market companies, and small businesses. On the basis of application, the market is categorized into supply chain management, product configuration, web-based ordering, financial accounting, human resource planning, project management, order processing, and others. Furthermore, the market is categorized on the basis of the end-user industry into manufacturing, software solutions, insurance, hospitality, healthcare, education, governmental, pharmaceutical, automotive, and others.

By Organisation Size

Large Companies

Upper Mid-market Companies

Lower Mid-market Companies

Small Businesses

By Applications

Supply Chain Management 

Product Configuration

Web-based Ordering

Financial Accounting

Human Resource Planning

Project Management

Order Processing

Others

By End-User Industry

Manufacturing

Software Solutions

Insurance

Hospitality

Healthcare

Education

Governmental

Pharmaceutical

Automotive

Others

By Region

North America

Latin America

Africa

Europe

Asia Pacific

Middle East

ERP Market Key Players

The global ERP market is dominated by SAP, Oracle Corporation, Sage Group, Microsoft Corporation, BAAN Company (now part of Infor), Kronos Inc., JD Edwards, QAD Inc., Consona Corporation, Epicor, IFS AB, Totvs, Concur Technologies, Software Systems Associate Inc., YonYou Software Co. Ltd., UNIT4 N.V, among others.

MMC Overview on ERP Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the ERP market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of ERP

Advantages of ERP

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global ERP Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global ERP Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global ERP Market Snapshot

2.4.    Global ERP Market Size And Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global ERP Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Porter’s Five Forces Model

2.7.    SWOT Analysis

3.    ERP Assessment and Analysis

3.1.    ERP Impact Analysis 

3.2.    Actions to encourage use of ERP

3.3.    ERP Promotional Strategy Recommendation

3.4.    Road Map Analysis

3.5.    GAP Analysis

3.6.    Potential Analysis

4.    Covid-19 Impact on ERP Market

5.    Global ERP Market, By Organization Size

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Organization Size

5.1.2.    BPS Analysis, By Organization Size

5.2.    Market Revenue (US$Mn) and Forecast, By Organization Size

5.2.1.    Large Companies 

5.2.2.    Upper Mid-market Companies 

5.2.3.    Lower Mid-market Companies 

5.2.4.    Small Businesses 

5.3.    Global ERP Market Attractiveness Index, By Organization Size

6.    Global ERP Market, By Application

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Application

6.1.2.    BPS Analysis, By Application

6.2.    Market Revenue (US$Mn) and Forecast, By Application

6.2.1.    Supply Chain Management  

6.2.2.    Product Configuration 

6.2.3.    Web-based Ordering

6.2.4.    Financial Accounting

6.2.5.    Human Resource Planning

6.2.6.    Project Management

6.2.7.    Order Processing

6.2.8.    Others

6.3.     Global ERP Market Attractiveness Index, By Application

7.    Global ERP Market, By End-User Industry

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By End-User Industry

7.1.2.    BPS Analysis, By End-User Industry

7.2.    Market Revenue (US$Mn) and Forecast, By End-User Industry

7.2.1.    Manufacturing

7.2.2.    Software Solutions

7.2.3.    Insurance 

7.2.4.    Hospitality

7.2.5.    Healthcare

7.2.6.    Education

7.2.7.    Governmental

7.2.8.    Pharmaceutical

7.2.9.    Automotive

7.2.10.    Others

7.3.    Global ERP Market Attractiveness Index, By End-User Industry

8.    Global ERP Market, By Region

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Region

8.1.2.    BPS Analysis, By Region

8.2.    Market Revenue (US$Mn) and Forecast, By Region

8.2.1.    North America

8.2.2.    Latin America

8.2.3.    Europe

8.2.4.    Asia Pacific

8.2.5.    Middle East 

8.2.6.    Africa

8.3.    Global ERP Market Attractiveness Index, By Region

9.    North America ERP Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market Revenue (US$Mn) and Forecast, By Country

9.2.1.    U.S. ERP Market

9.2.2.    Canada ERP Market

9.3.    North America ERP Market, By Organization Size

9.3.1.    Large Companies 

9.3.2.    Upper Mid-market Companies 

9.3.3.    Lower Mid-market Companies 

9.3.4.    Small Businesses 

9.4.    North America ERP Market Revenue (US$Mn) and Forecast, By Application

9.4.1.    Supply Chain Management  

9.4.2.    Product Configuration 

9.4.3.    Web-based Ordering

9.4.4.    Financial Accounting

9.4.5.    Human Resource Planning

9.4.6.    Project Management

9.4.7.    Order Processing

9.4.8.    Others

9.5.    North America ERP Market Revenue (US$Mn) and Forecast, By End-User Industry

9.5.1.    Manufacturing

9.5.2.    Software Solutions

9.5.3.    Insurance 

9.5.4.    Hospitality

9.5.5.    Healthcare

9.5.6.    Education

9.5.7.    Governmental

9.5.8.    Pharmaceutical

9.5.9.    Automotive

9.5.10.    Others

9.6.    North America ERP Market Attractiveness Index

9.6.1.    By Country

9.6.2.    By Organization Type

9.6.3.    By Application

9.6.4.    By End-User Industry

10.    Latin America ERP Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    Brazil ERP Market

10.2.2.    Mexico ERP Market

10.2.3.    Rest Of Latin America ERP Market

10.3.    Latin America ERP Market, By Organization Size

10.3.1.    Large Companies 

10.3.2.    Upper Mid-market Companies 

10.3.3.    Lower Mid-market Companies 

10.3.4.    Small Businesses 

10.4.    Latin America ERP Market Revenue (US$Mn) and Forecast, By Application

10.4.1.    Supply Chain Management  

10.4.2.    Product Configuration 

10.4.3.    Web-based Ordering

10.4.4.    Financial Accounting

10.4.5.    Human Resource Planning

10.4.6.    Project Management

10.4.7.    Order Processing

10.4.8.    Others

10.5.    Latin America ERP Market Revenue (US$Mn) and Forecast, By End-User Industry

10.5.1.    Manufacturing

10.5.2.    Software Solutions

10.5.3.    Insurance 

10.5.4.    Hospitality

10.5.5.    Healthcare

10.5.6.    Education

10.5.7.    Governmental

10.5.8.    Pharmaceutical

10.5.9.    Automotive

10.5.10.    Others

10.6.    Latin America ERP Market Attractiveness Index

10.6.1.    By Country

10.6.2.    By Organization Type

10.6.3.    By Application

10.6.4.    By End-User Industry

11.    Europe ERP Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    U.K. ERP Market

11.2.2.    Germany ERP Market

11.2.3.    Italy ERP Market

11.2.4.    France ERP Market

11.2.5.    Spain ERP Market

11.2.6.    Russia ERP Market

11.2.7.    Rest Of Europe ERP Market

11.3.    Europe ERP Market, By Organization Size

11.3.1.    Large Companies 

11.3.2.    Upper Mid-market Companies 

11.3.3.    Lower Mid-market Companies 

11.3.4.    Small Businesses 

11.4.    Europe ERP Market Revenue (US$Mn) and Forecast, By Application

11.4.1.    Supply Chain Management  

11.4.2.    Product Configuration 

11.4.3.    Web-based Ordering

11.4.4.    Financial Accounting

11.4.5.    Human Resource Planning

11.4.6.    Project Management

11.4.7.    Order Processing

11.4.8.    Others

11.5.    Europe ERP Market Revenue (US$Mn) and Forecast, By End-User Industry

11.5.1.    Manufacturing

11.5.2.    Software Solutions

11.5.3.    Insurance 

11.5.4.    Hospitality

11.5.5.    Healthcare

11.5.6.    Education

11.5.7.    Governmental

11.5.8.    Pharmaceutical

11.5.9.    Automotive

11.5.10.    Others

11.6.    Europe ERP Market Attractiveness Index

11.6.1.    By Country

11.6.2.    By Organization Type

11.6.3.    By Application

11.6.4.    By End-User Industry

12.    Asia Pacific ERP Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    China ERP Market

12.2.2.    India ERP Market

12.2.3.    Japan ERP Market

12.2.4.    Australia and New Zealand ERP Market

12.2.5.    South Korea ERP Market

12.2.6.    Rest of Asia Pacific ERP Market

12.3.    Asia Pacific ERP Market, By Organization Size

12.3.1.    Large Companies 

12.3.2.    Upper Mid-market Companies 

12.3.3.    Lower Mid-market Companies 

12.3.4.    Small Businesses 

12.4.    Asia Pacific ERP Market Revenue (US$Mn) and Forecast, By Application

12.4.1.    Supply Chain Management  

12.4.2.    Product Configuration 

12.4.3.    Web-based Ordering

12.4.4.    Financial Accounting

12.4.5.    Human Resource Planning

12.4.6.    Project Management

12.4.7.    Order Processing

12.4.8.    Others

12.5.    Asia Pacific ERP Market Revenue (US$Mn) and Forecast, By End-User Industry

12.5.1.    Manufacturing

12.5.2.    Software Solutions

12.5.3.    Insurance 

12.5.4.    Hospitality

12.5.5.    Healthcare

12.5.6.    Education

12.5.7.    Governmental

12.5.8.    Pharmaceutical

12.5.9.    Automotive

12.5.10.    Others

12.6.    Asia Pacific ERP Market Attractiveness Index

12.6.1.    By Country

12.6.2.    By Organization Type

12.6.3.    By Application

12.6.4.    By End-User Industry

13.    Middle East ERP Market Analysis and Forecast, 2020–2028

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market (US$Mn) Forecast, By Country

13.2.1.    GCC Countries ERP Market

13.2.2.    Israel ERP Market

13.2.3.    Rest Of Middle East ERP Market

13.3.    Middle East ERP Market, By Organization Size

13.3.1.    Large Companies 

13.3.2.    Upper Mid-market Companies 

13.3.3.    Lower Mid-market Companies 

13.3.4.    Small Businesses 

13.4.    Middle East ERP Market Revenue (US$Mn) and Forecast, By Application

13.4.1.    Supply Chain Management  

13.4.2.    Product Configuration 

13.4.3.    Web-based Ordering

13.4.4.    Financial Accounting

13.4.5.    Human Resource Planning

13.4.6.    Project Management

13.4.7.    Order Processing

13.4.8.    Others

13.5.    Middle East ERP Market Revenue (US$Mn) and Forecast, By End-User Industry

13.5.1.    Manufacturing

13.5.2.    Software Solutions

13.5.3.    Insurance 

13.5.4.    Hospitality

13.5.5.    Healthcare

13.5.6.    Education

13.5.7.    Governmental

13.5.8.    Pharmaceutical

13.5.9.    Automotive

13.5.10.    Others

13.6.    Middle East ERP Market Attractiveness Index

13.6.1.    By Country

13.6.2.    By Organization Type

13.6.3.    By Application

13.6.4.    By End-User Industry

14.    Africa ERP Market Analysis and Forecast, 2020–2028

14.1.    Introduction

14.1.1.    Annual Growth Rate Comparison, By Country

14.1.2.    BPS Analysis, By Country

14.2.    Market (US$Mn) Forecast, By Country

14.2.1.    South Africa Countries ERP Market

14.2.2.    Egypt ERP Market

14.2.3.    North Africa ERP Market

14.2.4.    Rest of Africa ERP Market

14.3.    Africa ERP Market, By Organization Size

14.3.1.    Large Companies 

14.3.2.    Upper Mid-market Companies 

14.3.3.    Lower Mid-market Companies 

14.3.4.    Small Businesses 

14.4.    Africa ERP Market Revenue (US$Mn) and Forecast, By Application

14.4.1.    Supply Chain Management  

14.4.2.    Product Configuration 

14.4.3.    Web-based Ordering

14.4.4.    Financial Accounting

14.4.5.    Human Resource Planning

14.4.6.    Project Management

14.4.7.    Order Processing

14.4.8.    Others

14.5.    Africa ERP Market Revenue (US$Mn) and Forecast, By End-User Industry

14.5.1.    Manufacturing

14.5.2.    Software Solutions

14.5.3.    Insurance 

14.5.4.    Hospitality

14.5.5.    Healthcare

14.5.6.    Education

14.5.7.    Governmental

14.5.8.    Pharmaceutical

14.5.9.    Automotive

14.5.10.    Others

14.6.    Africa ERP Market Attractiveness Index

14.6.1.    By Country

14.6.2.    By Organization Type

14.6.3.    By Application

14.6.4.    By End-User Industry

15.    Competitive Landscape

15.1.    Company Profiles

15.1.1.    SAP

15.1.1.1.    Company Overview

15.1.1.2.    Financial Overview

15.1.1.3.    Key Developments

15.1.1.4.    Strategies

15.1.1.5.    Product Analysis

15.1.2.    Oracle Corporation

15.1.3.    Sage Group

15.1.4.    Microsoft Corporation

15.1.5.    BAAN Company (now part of Infor)

15.1.6.    Kronos Inc.

15.1.7.    JD Edwards

15.1.8.    QAD Inc.

15.1.9.    Consona Corporation

15.1.10.    Epicor

15.1.11.    IFS AB

15.1.12.    Totvs

15.1.13.    Concur Technologies

15.1.14.    Software Systems Associate Inc.

15.1.15.    YonYou Software Co. Ltd.

15.1.16.    UNIT4 N.V.

16.    Acronyms