Turkey - Enterprise Resource Planning (ERP) Market by Component, End-user and Deployment - Forecast and Analysis 2024-2028

Turkey - Enterprise Resource Planning (ERP) Market 2024-2028 :

The Turkey - Enterprise Resource Planning (ERP) Market size is forecast to increase by USD 99.65 million, at a CAGR of 7% between 2023 and 2028. The growth rate of the market depends on several factors, including the growing focus on improving operational efficiency among enterprises, the increasing demand for ERP solutions among SMEs, and the rising need for traceability and visibility across their supply chain. Enterprise resource planning (ERP) solutions bring all business functions, such as human resource (HR), financial, and supply chain, along with other enterprise applications onto a single platform. ERP solutions facilitate seamless sharing of information within departments, and integration of other information technology (IT) into ERP can offer even greater benefits to end-users.

The report offers extensive research analysis on the Turkey - Enterprise Resource Planning (ERP) Market, with a categorization based on Component, including software and service. It further segments the market by End-user, encompassing large enterprises and SMEs. Additionally, it further segments the market by Deployment encompassing cloud ERP and on-premise ERP. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments.

What will be the size of the Turkey ERP Market During the Forecast Period?

For More Highlights About this Report, Download Free Sample in a Minute 

Turkey ERP Market Overview

Turkey ERP Market  Driver

One of the key factors driving Turkey's ERP market growth is the increasing demand for ERP solutions among SMEs. ERP has been gaining traction across enterprises across all key industry verticals in Turkey. Therefore, SMEs, which had remained aligned for a long time to standalone solutions for each of their business functions, are now switching rapidly to ERP solutions as they allow streamlining of multiple business functions using a single solution.

Moreover, the advantages of ERP such as better planning and resource management, streamlined data collection and analysis, reduced operational costs, better decision-making, and increased sales and bottom line, attract many SMEs in Turkey. In addition, the growing focus of companies on improving their cloud-based ERP offerings for customers across various industry verticals in Turkey also increases the traction of ERP among SMEs. Therefore, it is positively impacting the Turkey - enterprise resource planning market. Hence, such factors are driving the market growth during the forecast period.

Turkey ERP Market Trends

A key trend shaping Turkey ERP market growth is the integration of ERP with BPM. Business process management (BPM) can be seen as an instrument that enables companies to enhance their business process by analyzing, measuring, improving, optimizing, and automating the processes. In addition, while ERP can help businesses in Turkey to streamline their functions, including administration, human resource, production, and CRM, BPM solutions can aid business owners in setting up rules to manage the business processes and provide a bird's-eye view of the organization, thus allowing users to view the processes and share data across departments.

Moreover, BPM also involves mapping tools for capturing processes, analyzing compliance and risk levels, visualizing the value by time, effort, and cost of data, and assigning responsibility and accountability to the processes. In addition, successful ERP-BPM integration can significantly increase an organization's efficiency and productivity by reducing the process cycles from days to hours. Therefore, it is positively impacting the Turkey - ERP market. Hence, such factors are driving the market growth during the forecast period.

Turkey ERP Market Restrain

Limited bandwidth and connectivity issues are one of the key challenges hindering Turkey ERP market growth. The process of uploading and accessing data to and from an on-premise ERP solution or a cloud-based ERP system needs high bandwidth. In addition, uploading and accessing huge volumes of data, especially in a cloud-based ERP environment, requires efficient IT systems free from networking blockages.

Moreover, although cloud-based ERP solutions are deployed to promote faster data access and smoother operations, the high dependency of end-users on available bandwidth plays a key role in shaping ERP adoption in Turkey. In addition, as low internet speed and other connectivity issues can reduce business performance and erode the benefits of ERP to some extent, the adoption of ERP by some small businesses is limited. Therefore, it is negatively impacting the enterprise resource planning software market in Turkey. Hence, such factors are hindering the market growth during the forecast period.

Turkey ERP Market Segmentation By Component

The software segment is estimated to witness significant growth during the forecast period. ERP software refers to a single integrated business management system that allows enterprises to perform all the core processes related to HR, SCM, manufacturing, finance, accounting, and project management, along with certain industry-specific processes such as asset management and product lifecycle management. In addition, ERP software helps define a set of business processes and enables the integration of operations and the flow of data across the organization, ensuring maximum utilization of available human, financial, and operational resources.

Get a glance at the market contribution of various segments Download the PDF Sample

The software segment was the largest segment and was valued at USD 135.48 million in 2018. Moreover, ERP software provides a consolidated view of business metrics and further aids in enhancing the organizational decision-making capability. In addition, better data accessibility ensures increased efficiency, improved collaboration and data security, compliance with industry regulations, operational flexibility, and reduction in operational costs. Furthermore, ERP software can also be integrated with business intelligence tools, AI-enabled applications, and e-commerce platforms of enterprises. In addition, SMEs are opting for proprietary ERP software over legacy in-house applications. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Turkey ERP Market Segmentation By End-user

The need to improve employee productivity fuels the large enterprises segment which in turn will increase the market growth.  Due to various factors, such as the growing requirement for large enterprises to maintain and synchronize complex processes, including production planning, inventory management, procurement, order fulfillment, and shipping, among others, the large enterprises segment held a significant market share of the market. In addition, the adoption of cloud-based ERP software is facilitated by large-sized businesses' high spending capacity on the implementation of contemporary technology and software solutions. Furthermore, the need to improve employee productivity and the demand for better business management are driving the adoption of ERP solutions in large enterprises such as IT, healthcare, and others. ERP software applications provide enterprises with financial planning, budgeting, forecasting, and financial and operational reporting. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Turkey ERP Market Customer Landscape

Turkey ERP Market forecasts include the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their ERP market in Turkey growth and trends strategies.

Turkey ERP Market Customer Landscape

Who are the Major Turkey ERP Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Acumatica Inc: The company offers ERP program modules to support SMEs in Turkey to increase their profitability of business.

Elioplus: The company offers ERP and management solutions that assist IT software companies to expand their partner network.

Epicor Software Corp: The company offers ERP such as Epicor ERP through its authorized partners and exclusive distributors in Turkey.

The Turkey ERP Market  growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

1. Forterro UK Ltd.
2. IFS World Operations AB
3. Infor Inc.
4. Login Computer Software Inc
5. Logo Yazilim AS
6. Microsoft Corp.
7. Odoo SA
8. Oracle Corp.
9. QAD Inc.
10. Sage Group Plc
11. SAP SE
12. Sistrade

Turkey - ERP market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The Turkey ERP market research report forecasts market growth and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

• Component Outlook
  • Software
  • Service
• End-user Outlook
  • Large enterprises
  • SMEs
• Deployment Outlook
  • Cloud ERP
  • On-premise ERP

Turkey ERP Market Scope
Report Coverage	Details
Page number	151
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 7%
Market Growth 2024-2028	USD 99.65 million
Market structure	Fragmented
YoY growth 2023-2024(%)	6.82
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Acumatica Inc., Elioplus, Epicor Software Corp., Forterro UK Ltd., IFS World Operations AB, Infor Inc., Login Computer Software Inc, Logo Yazilim AS, Microsoft Corp., Odoo SA, Oracle Corp., QAD Inc., Sage Group Plc, SAP SE, and Sistrade
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, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Download PDF Sample

What are the Key Data Covered in this Turkey ERP Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the enterprise resource planning (ERP) software market in Turkey between 2024 and 2028
• Precise estimation of the market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across Turkey
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies 

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch