ERP Software Market By Size, Share and Forecast 2029F

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 71.55 billion
CAGR (2024-2029)	10.28%
Fastest Growing Segment	Telecom
Largest Market	North America
Market Size (2029)	USD 129.86 billion

Market Overview

Global ERP Software Market was valued at USD 71.55 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 10.28% through 2029. The ongoing digital transformation across industries is a significant driver for ERP adoption. Businesses are recognizing the need to embrace digital technologies to stay competitive, and ERP systems play a crucial role in this transformation. ERP software enables organizations to digitize their operations, automate manual tasks, and leverage data-driven insights for strategic decision-making.

Key Market Drivers

Increasing Adoption of Cloud-Based ERP Solutions

The global ERP software market is being significantly driven by the increasing adoption of cloud-based ERP solutions. As businesses strive to enhance operational efficiency, reduce costs, and stay competitive in a rapidly evolving digital landscape, cloud-based ERP solutions offer a compelling alternative to traditional on-premise systems.

One key advantage of cloud-based ERP is the scalability it provides, allowing businesses to easily expand or contract their IT infrastructure based on their needs. This scalability is particularly beneficial for organizations experiencing growth or those operating in dynamic industries with fluctuating demands. Cloud-based ERP systems also promote accessibility, enabling employees to access crucial business data from anywhere with an internet connection, fostering collaboration and flexibility.

The cloud model reduces the burden on internal IT teams, as maintenance, updates, and security are managed by the ERP vendor. This allows organizations to focus on their core competencies while leveraging the latest technologies and features provided by the ERP software. As a result, the appeal of cloud-based ERP solutions continues to grow, driving the overall expansion of the global ERP software market.

Emphasis on Data-Driven Decision-Making

Another significant driver of the global ERP software market is the increasing emphasis on data-driven decision-making within organizations. In today's competitive business environment, the ability to make informed decisions quickly and accurately is a key factor in achieving success. ERP software plays a pivotal role in this regard by centralizing and organizing data from various business processes, providing a comprehensive view of the organization's performance.

ERP systems enable real-time monitoring and reporting, allowing decision-makers to access up-to-date information and respond promptly to changing market conditions. Advanced analytics and business intelligence functionalities integrated into ERP solutions empower organizations to extract meaningful insights from their data, facilitating strategic decision-making.

As businesses recognize the strategic importance of data, there is a growing demand for ERP solutions that offer robust analytics capabilities. This trend is driving innovation in the ERP software market, with vendors focusing on enhancing data visualization, predictive analytics, and machine learning features to help organizations gain a competitive edge through data-driven decision-making.

Integration of Artificial Intelligence and Automation

The integration of artificial intelligence (AI) and automation capabilities into ERP software is a key driver shaping the global ERP market landscape. As organizations strive to streamline their operations, reduce manual efforts, and improve overall efficiency, AI and automation play a crucial role in achieving these objectives.

AI-powered features within ERP systems enable predictive analysis, helping organizations forecast demand, optimize inventory management, and enhance supply chain efficiency. Machine learning algorithms can analyze historical data to identify patterns, providing valuable insights for better decision-making. Additionally, automation features help in automating routine tasks, reducing errors, and freeing up human resources for more strategic and value-added activities.

The integration of AI and automation not only enhances the functionality of ERP systems but also positions organizations to stay competitive in the era of digital transformation. Businesses are increasingly recognizing the potential of these technologies to drive innovation, improve customer experiences, and deliver operational excellence, leading to a growing demand for ERP solutions with advanced AI and automation capabilities in the global market.

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Key Market Challenges

Data Security and Privacy Concerns

In an era where data breaches and cyber threats are prevalent, data security and privacy concerns represent a significant challenge for the global ERP software market. ERP systems centralize a vast amount of sensitive business data, including financial information, customer details, and operational data. The potential exposure of this information to unauthorized access poses a substantial risk to organizations.

Security vulnerabilities may arise from factors such as inadequate encryption, weak access controls, or vulnerabilities in the ERP software itself. As cyber threats evolve, ERP vendors must continuously update their systems to address emerging security risks. Moreover, compliance with data protection regulations, such as the General Data Protection Regulation (GDPR) and other regional data privacy laws, adds an additional layer of complexity.

To address these challenges, organizations must prioritize cybersecurity measures, including robust authentication protocols, encryption technologies, and regular security audits. Additionally, ERP vendors need to proactively address security concerns by implementing advanced security features, providing timely software updates, and fostering a culture of cybersecurity awareness among their user base.

Key Market Trends

Emphasis on Industry-Specific Solutions and Verticalization

A notable trend shaping the global ERP software market is the increasing emphasis on industry-specific solutions and verticalization. Traditionally, ERP systems were designed as comprehensive solutions catering to a wide range of industries with a one-size-fits-all approach. However, as businesses seek more tailored and specialized solutions to address their unique needs and challenges, ERP vendors are responding by developing industry-specific modules and features.

This trend recognizes that different industries have distinct processes, compliance requirements, and key performance indicators. As a result, ERP vendors are customizing their software to align with the specific workflows and demands of industries such as manufacturing, healthcare, retail, and financial services. These industry-focused ERP solutions offer organizations pre-configured templates, compliance frameworks, and best practices relevant to their sector, reducing the time and effort required for customization.

Verticalization in ERP not only enhances the functionality of the software but also accelerates implementation times and improves user adoption. Organizations benefit from industry-specific features that address compliance issues, regulatory standards, and industry-specific challenges, allowing for more efficient and targeted use of ERP systems. This trend is particularly crucial as businesses increasingly recognize the strategic importance of technology that aligns seamlessly with their unique operational requirements, contributing to the overall growth and diversification of the global ERP software market.

Integration of Advanced Technologies, Including Artificial Intelligence and Machine Learning

The integration of advanced technologies, particularly artificial intelligence (AI) and machine learning (ML), represents a significant trend in the evolution of the global ERP software market. As organizations seek to derive more value from their ERP investments and stay ahead in the digital era, the incorporation of AI and ML capabilities into ERP systems is gaining prominence.

AI and ML contribute to ERP functionality by enabling predictive analytics, automation, and intelligent decision-making. Predictive analytics helps organizations forecast demand, optimize inventory levels, and identify potential issues before they escalate. Machine learning algorithms analyze vast datasets to uncover patterns and trends, providing valuable insights for strategic decision-making. This integration enhances the overall agility and responsiveness of ERP systems, allowing organizations to adapt to changing market conditions more effectively.

Automation is another key aspect of this trend, with AI-driven features automating routine and repetitive tasks, reducing manual efforts, and minimizing the risk of errors. For example, AI can automate data entry, invoice processing, and other time-consuming tasks, allowing employees to focus on more strategic and value-added activities.

The trend toward incorporating AI and ML into ERP systems aligns with the broader industry shift towards intelligent automation and data-driven decision-making. As organizations recognize the potential of these technologies to enhance operational efficiency and competitive advantage, the demand for ERP solutions with advanced AI and ML capabilities is expected to continue driving innovation and shaping the future of the global ERP software market.

Segmental Insights

Deployment Insights

The On-premises segment emerged as the dominating segment in 2023. One of the primary reasons organizations opt for on-premises ERP solutions is the heightened sense of security and control they provide. In industries where data privacy and regulatory compliance are paramount, such as finance and healthcare, on-premises solutions offer a level of control over data management and security protocols that can be crucial. Organizations can implement their own security measures, customize access controls, and have a direct hand in monitoring and securing their ERP system, which is particularly appealing to businesses with sensitive or confidential information.

The on-premises ERP segment is characterized by a high level of customization and flexibility. Organizations with complex or unique business processes may find on-premises solutions more suitable as they can tailor the ERP software to meet specific requirements. This is especially important in industries with intricate workflows, such as manufacturing or engineering, where a one-size-fits-all approach may not suffice. On-premises ERP systems allow organizations to maintain a high degree of control over the software's configuration, ensuring that it aligns seamlessly with their operational needs.

While the upfront costs of implementing on-premises ERP solutions can be substantial, some organizations find that in the long term, especially over several years, the total cost of ownership (TCO) may be lower than that of cloud-based alternatives. This is particularly true for large enterprises with the resources to manage and maintain their infrastructure. In response to the demand for both security and flexibility, some organizations are adopting hybrid ERP models. This approach combines on-premises solutions for sensitive or critical functions with cloud-based solutions for other less critical processes. This hybrid model allows organizations to benefit from the advantages of both deployment methods, striking a balance between control and scalability. While cloud-based ERP solutions are gaining traction, the on-premises segment continues to be relevant for organizations with specific security, customization, integration, or legacy system considerations.

Many established enterprises already have a significant investment in legacy systems and infrastructure. On-premises ERP solutions enable smoother integration with existing technologies, allowing organizations to leverage their previous IT investments. This can be a crucial factor for businesses with a long history or those operating in sectors with deeply embedded legacy systems.

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Regional Insights

North America emerged as the dominating region in 2023, holding the largest market share. The region is home to a diverse range of industries, including manufacturing, healthcare, finance, technology, and services. This diversity leads to a wide spectrum of ERP requirements, with industries such as manufacturing placing a premium on supply chain management features, while healthcare organizations prioritize compliance and patient data security. ERP vendors catering to the North American market must offer specialized solutions tailored to the unique needs of different industries.

The trend of cloud adoption is prominent in North America, with businesses increasingly shifting from traditional on-premises ERP solutions to cloud-based alternatives. Cloud ERP solutions offer advantages such as scalability, flexibility, and remote accessibility, aligning with the evolving needs of organizations in the region. Furthermore, there is a growing interest in hybrid ERP deployments, allowing organizations to leverage the benefits of both on-premises and cloud solutions, providing a balance between control and scalability.

Data security and compliance are critical considerations for organizations in North America, particularly in highly regulated industries such as healthcare and finance. ERP vendors targeting this market must prioritize robust security features, including encryption, access controls, and compliance with data protection regulations such as the Health Insurance Portability and Accountability Act (HIPAA) and the Sarbanes-Oxley Act.

North American businesses are at the forefront of adopting advanced technologies, and this is reflected in the ERP landscape. There is a growing interest in ERP solutions that integrate artificial intelligence (AI), machine learning (ML), and advanced analytics. These technologies enhance the capabilities of ERP systems, providing organizations with predictive insights, automation, and intelligent decision-making tools.

The trend toward mobile accessibility and remote work has been accelerated, especially in the post-pandemic landscape. ERP solutions in North America need to offer mobile-friendly interfaces and robust remote access capabilities to support organizations' evolving work models. This includes features like mobile applications, responsive user interfaces, and secure remote access to ERP functionalities.

The North American ERP software market has witnessed strategic mergers and acquisitions as vendors seek to strengthen their product portfolios and expand their market presence. These strategic moves aim to provide comprehensive ERP solutions that address a wide range of business needs while staying ahead of evolving technology trends.

The North American region is a mature and dynamic market for ERP software, characterized by high adoption rates, industry diversity, a shift towards cloud-based solutions, a focus on data security and compliance, integration of advanced technologies, and a growing emphasis on mobile accessibility and remote work support. ERP vendors targeting this region must be agile in responding to these trends and aligning their offerings with the specific needs of North American businesses.

Recent Developments

In January 2023, RIPL (Rudrabhishek Infosystems Pvt. Ltd.), a subsidiary of REPL, introduced the ERP software 'FusionHub Cloud ERP' in India through a strategic partnership with ORGNN Technologies Pvt. Ltd. RIPL will serve as the sole entity responsible for sales, marketing, and implementation of the software across the Indian market, aiming to expand its presence and support businesses with advanced cloud-based ERP solutions.
Forterro, a leading European provider of ERP software for the industrial mid-market, unveiled Fortee in the UK market in May 2024. Fortee, an entry-level cloud-based ERP solution, caters specifically to SME discrete manufacturers and industrial startups. Developed based on over 15 years of expertise in cloud-ERP, Fortee is tailored to meet the unique requirements of these sectors, aiming to enhance operational efficiency and support growth.

Key Market Players

Workday, Inc.
Epicor Software Corporation
Genius Solutions, Inc.
Hewlett Packard Enterprise Company
IBM Corporation
Microsoft Corporation
Oracle Corporation
SAP SE

By Deployment	By Enterprise size	By Vertical	By Region
On-premises Cloud	Large Enterprises Medium Enterprises Small Enterprises	Manufacturing BFSI Healthcare Retail Government Telecom Others	North America Europe Asia-Pacific South America Middle East & Africa

Report Scope:

In this report, the Global ERP Software Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

ERP Software Market, By Deployment:

o On-premises

o Cloud

ERP Software Market, By Enterprise size:

o Large Enterprises

o Medium Enterprises

o Small Enterprises

ERP Software Market, By Vertical:

o Manufacturing

o BFSI

o Healthcare

o Retail

o Government

o Telecom

o Others

ERP Software Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

§ Netherlands

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

§ Thailand

§ Malaysia

o South America

§ Brazil

§ Argentina

§ Colombia

§ Chile

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global ERP Software Market.

Available Customizations:

Global ERP Software Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global ERP Software Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Service Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Formulation of the Scope

2.4. Assumptions and Limitations

2.5. Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6. Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7. Methodology Followed for Calculation of Market Size & Market Shares

2.8. Forecasting Methodology

2.8.1.Data Triangulation & Validation

3. Executive Summary

4. Impact of COVID-19 on Global ERP Software Market

5. Voice of Customer

6. Global ERP Software Market Overview

7. Global ERP Software Market Outlook

7.1. Market Size & Forecast

7.1.1.By Value

7.2. Market Share & Forecast

7.2.1.By Deployment (On-premises and Cloud)

7.2.2.By Enterprise size (Large Enterprises, Medium Enterprises and Small Enterprises)

7.2.3.By Vertical (Manufacturing, BFSI, Healthcare, Retail, Government, Telecom and Others)

7.2.4.By Region (North America, Europe, South America, Middle East & Africa, Asia-Pacific)

7.3. By Company (2023)

7.4. Market Map

8. North America ERP Software Market Outlook

8.1. Market Size & Forecast

8.1.1.By Value

8.2. Market Share & Forecast

8.2.1.By Deployment

8.2.2.By Enterprise size

8.2.3.By Vertical

8.2.4.By Country

8.3. North America: Country Analysis

8.3.1.United States ERP Software Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Deployment

8.3.1.2.2. By Enterprise size

8.3.1.2.3. By Vertical

8.3.2.Canada ERP Software Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Deployment

8.3.2.2.2. By Enterprise size

8.3.2.2.3. By Vertical

8.3.3.Mexico ERP Software Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Deployment

8.3.3.2.2. By Enterprise size

8.3.3.2.3. By Vertical

9. Europe ERP Software Market Outlook

9.1. Market Size & Forecast

9.1.1.By Value

9.2. Market Share & Forecast

9.2.1.By Deployment

9.2.2.By Enterprise size

9.2.3.By Vertical

9.2.4.By Country

9.3. Europe: Country Analysis

9.3.1.Germany ERP Software Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Deployment

9.3.1.2.2. By Enterprise size

9.3.1.2.3. By Vertical

9.3.2.France ERP Software Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Deployment

9.3.2.2.2. By Enterprise size

9.3.2.2.3. By Vertical

9.3.3.United Kingdom ERP Software Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Deployment

9.3.3.2.2. By Enterprise size

9.3.3.2.3. By Vertical

9.3.4.Italy ERP Software Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Deployment

9.3.4.2.2. By Enterprise size

9.3.4.2.3. By Vertical

9.3.5.Spain ERP Software Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Deployment

9.3.5.2.2. By Enterprise size

9.3.5.2.3. By Vertical

9.3.6.Netherlands ERP Software Market Outlook

9.3.6.1. Market Size & Forecast

9.3.6.1.1. By Value

9.3.6.2. Market Share & Forecast

9.3.6.2.1. By Deployment

9.3.6.2.2. By Enterprise size

9.3.6.2.3. By Vertical

9.3.7.Belgium ERP Software Market Outlook

9.3.7.1. Market Size & Forecast

9.3.7.1.1. By Value

9.3.7.2. Market Share & Forecast

9.3.7.2.1. By Deployment

9.3.7.2.2. By Enterprise size

9.3.7.2.3. By Vertical

10. South America ERP Software Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Deployment

10.2.2. By Enterprise size

10.2.3. By Vertical

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil ERP Software Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Deployment

10.3.1.2.2. By Enterprise size

10.3.1.2.3. By Vertical

10.3.2. Colombia ERP Software Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Deployment

10.3.2.2.2. By Enterprise size

10.3.2.2.3. By Vertical

10.3.3. Argentina ERP Software Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Deployment

10.3.3.2.2. By Enterprise size

10.3.3.2.3. By Vertical

10.3.4. Chile ERP Software Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Deployment

10.3.4.2.2. By Enterprise size

10.3.4.2.3. By Vertical

11. Middle East & Africa ERP Software Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Deployment

11.2.2. By Enterprise size

11.2.3. By Vertical

11.2.4. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia ERP Software Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Deployment

11.3.1.2.2. By Enterprise size

11.3.1.2.3. By Vertical

11.3.2. UAE ERP Software Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Deployment

11.3.2.2.2. By Enterprise size

11.3.2.2.3. By Vertical

11.3.3. South Africa ERP Software Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Deployment

11.3.3.2.2. By Enterprise size

11.3.3.2.3. By Vertical

11.3.4. Turkey ERP Software Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Deployment

11.3.4.2.2. By Enterprise size

11.3.4.2.3. By Vertical

12. Asia-Pacific ERP Software Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Deployment

12.2.2. By Enterprise size

12.2.3. By Vertical

12.2.4. By Country

12.3. Asia-Pacific: Country Analysis

12.3.1. China ERP Software Market Outlook

12.3.1.1. Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2. Market Share & Forecast

12.3.1.2.1. By Deployment

12.3.1.2.2. By Enterprise size

12.3.1.2.3. By Vertical

12.3.2. India ERP Software Market Outlook

12.3.2.1. Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2. Market Share & Forecast

12.3.2.2.1. By Deployment

12.3.2.2.2. By Enterprise size

12.3.2.2.3. By Vertical

12.3.3. Japan ERP Software Market Outlook

12.3.3.1. Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2. Market Share & Forecast

12.3.3.2.1. By Deployment

12.3.3.2.2. By Enterprise size

12.3.3.2.3. By Vertical

12.3.4. South Korea ERP Software Market Outlook

12.3.4.1. Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2. Market Share & Forecast

12.3.4.2.1. By Deployment

12.3.4.2.2. By Enterprise size

12.3.4.2.3. By Vertical

12.3.5. Australia ERP Software Market Outlook

12.3.5.1. Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2. Market Share & Forecast

12.3.5.2.1. By Deployment

12.3.5.2.2. By Enterprise size

12.3.5.2.3. By Vertical

12.3.6. Thailand ERP Software Market Outlook

12.3.6.1. Market Size & Forecast

12.3.6.1.1. By Value

12.3.6.2. Market Share & Forecast

12.3.6.2.1. By Deployment

12.3.6.2.2. By Enterprise size

12.3.6.2.3. By Vertical

12.3.7. Malaysia ERP Software Market Outlook

12.3.7.1. Market Size & Forecast

12.3.7.1.1. By Value

12.3.7.2. Market Share & Forecast

12.3.7.2.1. By Deployment

12.3.7.2.2. By Enterprise size

12.3.7.2.3. By Vertical

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

10.

11.

12.

13.

14.

15.

15.1. Workday, Inc.

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel/Key Contact Person

15.1.5. Key Product/Services Offered

15.2. Epicor Software Corporation

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel/Key Contact Person

15.2.5. Key Product/Services Offered

15.3. Genius Solutions, Inc.

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel/Key Contact Person

15.3.5. Key Product/Services Offered

15.4. Hewlett Packard Enterprise Company

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel/Key Contact Person

15.4.5. Key Product/Services Offered

15.5. IBM Corporation

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel/Key Contact Person

15.5.5. Key Product/Services Offered

15.6. Microsoft Corporation

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel/Key Contact Person

15.6.5. Key Product/Services Offered

15.7. Oracle Corporation

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel/Key Contact Person

15.7.5. Key Product/Services Offered

15.8. SAP SE

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel/Key Contact Person

15.8.5. Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global ERP Software Market in 2023?

The market size of the Global ERP Software Market was USD 71.55 billion in 2023.

Which was the dominant segment by deployment in the Global ERP Software Market in 2023?

In 2023, the On-premises deployment segment exhibited substantial prominence. Organizations often opt for on-premises ERP solutions due to their enhanced security measures and comprehensive control capabilities. This preference underscores the critical role of on-premises deployments in sectors prioritizing stringent data protection and compliance standards.

Which was the dominant region in the Global ERP Software Market?

North America dominated the market in 2023. A significant trend in North America is the shift from on-premises ERP systems to cloud-based solutions. Cloud ERP offers benefits such as lower upfront costs, scalability, and remote access, which are particularly attractive to small and medium-sized businesses (SMBs).

What are the major drivers for the Global ERP Software Market?

Increasing Adoption of Cloud-Based ERP Solutions, Adoption of Cloud Technology and Streamlining Business Processes are some of the major driver of Global ERP Software Market.

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Press Release

ERP Software Market is expected to grow at a CAGR of 10.28% through 2029

Oct, 2024

ERP Software Market is expected to grow owing to increasing complexity of regulatory landscapes across industries, Emphasis on Data-Driven Decision-Making, and Integration of Artificial Intelligence

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