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
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
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%
What are the key factors driving the growth of market?
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 globally
What segments are covered in market report?
The global ERP market is segmented on the basis of organisation size, application, end-user industry and regions
What are the key participating players in the market?
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 are the key participating players in the market
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