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Enterprise Resource Planning Software Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR44294
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The enterprise resource planning (ERP) software market share is expected to increase by USD 24.69 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 9.96%.

This enterprise resource planning software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (cloud-based and on-premise) and geography (North America, Europe, APAC, MEA, and South America). The enterprise resource planning software market report also offers information on several market vendors, including Acumatica Inc., Epicor Software Corp., IFS World Operations AB, Koch Industries Inc., Microsoft Corp., Oracle Corp., Sage Group Plc, Salesforce.com Inc., SAP SE, and ServiceNow Inc. among others.

What will the Enterprise Resource Planning Software Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Enterprise Resource Planning Software Market Size for the Forecast Period and Other Important Statistics

 

Enterprise Resource Planning Software Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing demand for ERP software from SMEs is notably driving the enterprise resource planning software market growth, although factors such as the increasing number of cyberattacks on ERP software may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the enterprise resource planning software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Enterprise Resource Planning Software Market Driver

The increasing demand for ERP software from SMEs is one of the major factors responsible for enterprise resource planning software market growth. ERPs are being implemented across SMEs for the better management of their business operations while offering improved collaboration, simplified compliance, productivity, and risk management. Additionally, ERPs are also being adopted as they offer effective planning and streamlining of data under one platform, which helps in regulating operational costs, enhancing decision-making, and increasing sales. With the growing focus of modern SMEs towards improving their operational and business process efficiency, the adoption of ERP software will increase, fueling the growth of the ERP software market size.

Key Enterprise Resource Planning Software Market Trend

The rising adoption of ERP by financial institutions, one of the key market trends, will also drive market growth in the coming years. Financial institutions including credit unions, trust companies, and insurance sectors are adopting technologies including blockchain, machine learning, and cognitive computing for enhancing their business operations. Additionally, these institutions are adopting ERP for lowering their financial costs and risks. ERP integrated with blockchain further enables new ways of managing financial assets, resulting in increased adoption of the ERP software during the forecast period. 

Key Enterprise Resource Planning Software Market Challenge

The increase in cyberattacks can hamper the growth of the ERP software market during the forecast period. ERP systems maintain a company's sensitive information and business-critical data, which is highly attractive to hackers. The end-users of ERP software are increasingly being cyber attacked and are facing major issues in maintaining production efficiency. The lack of proper IT security infrastructure is marking enterprises' systems vulnerable to threats, thus resulting in cyberattacks such as distributed denial-of-service (DDoS), which are aimed at disrupting business operations.

This enterprise resource planning software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Enterprise Resource Planning Software Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Acumatica Inc.
  • Epicor Software Corp.
  • IFS World Operations AB
  • Koch Industries Inc.
  • Microsoft Corp.
  • Oracle Corp.
  • Sage Group Plc
  • Salesforce.com Inc.
  • SAP SE
  • ServiceNow Inc.

 

This statistical study of the enterprise resource planning software market encompasses successful business strategies deployed by the key vendors. The ERP software market is fragmented and the vendors are deploying growth strategies such as new product offerings to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The enterprise resource planning software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Enterprise Resource Planning Software Market?

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34% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for enterprise resource planning software in North America. However, the market growth rate in North America will be slower than the growth of the market in other regions.

An increase in the need for business process efficiency and transparency through digital transformation will facilitate the ERP software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Enterprise Resource Planning Software Market?

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The enterprise resource planning software market share growth by the cloud-based segment will be significant during the forecast period. The low upfront costs of cloud-based ERP are driving its adoption across organizations, majorly among SMEs that have limited IT budgets and resources. Cloud-based ERP software offers several benefits such as real-time application performance analytics, regular security updates, global accessibility from any location, and scalability. The increasing demand for cloud-based ERP led vendors to either come up with separate cloud-based ERP offerings or modify their existing ERP solutions. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the ERP software market size and actionable market insights on post COVID-19 impact on each segment.

 

Enterprise Resource Planning Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9.96%

Market growth 2021-2025

$ 24.69 billion

Market structure

Fragmented

YoY growth (%)

8.50

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 34%

Key consumer countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Acumatica Inc., Epicor Software Corp., IFS World Operations AB, Koch Industries Inc., Microsoft Corp., Oracle Corp., Sage Group Plc, Salesforce.com Inc., SAP SE, and ServiceNow Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Enterprise Resource Planning Software Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive enterprise resource planning software market growth during the next five years
  • Precise estimation of the enterprise resource planning software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the ERP software industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of ERP software market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Cloud-based - Market size and forecast 2020-2025
  • On-premise - Market size and forecast 2020-2025
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Acumatica Inc.
  • Epicor Software Corp.
  • IFS World Operations AB
  • Koch Industries Inc.
  • Microsoft Corp.
  • Oracle Corp.
  • Sage Group Plc
  • Salesforce.com Inc.
  • SAP SE
  • ServiceNow Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The enterprise resource planning (erp) software market market growth will increase by $24686.6 million during 2021-2025.
The enterprise resource planning (erp) software market market is expected to grow at a CAGR of 9.96% during 2021-2025.
Technavio has segmented the enterprise resource planning (erp) software market market by type (Cloud-based and On-premise) and geographic (North America, Europe, APAC, MEA, and South America).
Acumatica Inc., Epicor Software Corp., IFS World Operations AB, Koch Industries Inc., Microsoft Corp., Oracle Corp., Sage Group Plc, Salesforce.com Inc., SAP SE, ServiceNow Inc. are a few of the key vendors in the enterprise resource planning (erp) software market market.
North America will register the highest growth rate of 34.26% among the other regions. Therefore, the enterprise resource planning (erp) software market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the enterprise resource planning (erp) software market market growth are:
  • Increased operational efficiency associated with ERP software
  • Evolution of intelligent ERP
The enterprise resource planning (erp) software market market vendors should focus on grabbing business opportunities from the cloud-based segment as it accounted for the largest market share in the base year.
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