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The ERP system integration and consulting market size are estimated to grow at a CAGR of 9.34% between 2022 and 2027. The size of the market is forecast to increase by USD 10.70 billion. The growth of the market depends on several factors, including the increasing demand for cloud-based systems, the growing need to enhance business efficiency, and the increasing demand for ERP Systems from SMEs.
This report extensively covers market segmentation by application (manufacturing and services, BFSI, healthcare, it and telecom, and others), deployment (on-premise ERP integration, consulting, SaaS ERP integration, and consulting), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing demand for cloud-based systems is the key factor driving global refrigerated road transportation market growth. The surge in the demand for cloud-based ERP systems is predominantly due to the lowered up-front costs and implementation time. Also, it eliminates the need for procurement and installation of hardware. Cloud-based ERP systems also provide various other business benefits, such as process alignment and business consistency across an organization and access to applications by users, employees, and partners from anywhere and any place. Cloud-based ERP systems also eliminate the need for a dedicated IT support team to maintain and update software and avoid the need for servers, storage, and computing resources for global organizations.
Moreover, the deployment of cloud-based ERP systems provides new opportunities to enterprises by leveraging technologies such as mobility, AI, and IoT. These benefits are increasing the demand for cloud-based ERP systems. The adoption of cloud-based ERP systems is expected to grow among SMEs across industries such as manufacturing, retail and distribution, financial services, and IT. All these factors are expected to foster the growth of the market during the forecast period.
The rapid implementation of big data and analytics integration services is the primary trend in the global refrigerated road transportation market. Big data and analytical tools aid organizations in key decision-making processes. The integration of big data and analytical tools with ERP systems enables organizations to get insights related to business processes in real time and be informed about key business decision-making. The integration of big data and analytical services with ERP systems provides valuable information collected from external and internal sources of organizations and allows to predict of consumer behavior in the marketplace.
Data integration services enable organizations to reduce data redundancy and increase visibility in the operational process. System integration services for big data and analytics enhance business efficiencies, reduce cycle time, and streamline routine business processes. Firms are rapidly adopting big data and analytics technology, which needs to be integrated with the existing IT infrastructure. Such benefits are expected to propel the growth of the market during the forecast period.
The implementation challenges are a major challenge to the global ERP system integration and consulting market growth. Implementation challenges. The implementation of ERP systems is important, as it has a significant influence on the companies' production efficiency. Companies need to implement their ERP systems on a standard enterprise IT infrastructure. The challenges associated with ERP system integration include the architecture of the system, the age of the system, and the need for integrating new applications into the original ERP.
Moreover, to overcome this challenge, businesses must find ways of implementing a design that accepts united application architecture and then integrates isolated applications. The increased adoption of mobile applications and SaaS led companies to integrate their ERPs with internal systems, as well as with external systems, including mobile platforms and cloud-based applications. Cloud-based applications use dynamic protocols for execution, and businesses must accordingly choose a dynamic integration approach with the latest protocols. Such factors can lead to an increase in implementation time, as well as operational and maintenance costs, which, in turn, will hinder the growth of the market during the forecast period.
The ERP system integration and consulting report includes the adoption lifecycle of the market, 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 growth strategies.
Global ERP System Integration and Consulting Market Customer Landscape
Vendors 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- The company offers ERP system integration and consulting namely Acumatica ERP and integrations. Also, under this segment, the company offers cloud ERP for different industries.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the manufacturing and services segment will be significant during the forecast period. The manufacturing and services segment leverages ERP systems for collecting, analyzing, and streamlining its operations data with its business strategies. The analyzed data is used to improve production operations, decision-making processes, manufacturing services, and sales strategies. It is also used to develop production forecasts and predict future business challenges. Production forecasts are used to estimate product demand and help to gain a competitive edge over other manufacturers.
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The manufacturing and services segment was valued at USD 4.13 billion in 2017 and continue to grow by 2021. ERP systems provide agility to manufacturing companies' production planning processes, allowing them to deliver the right products to the market within the right time frame. ERP systems are majorly adopted by manufacturing companies for strategic planning and execution, improving cost visibility and production processes, financial planning, budgeting, and forecasting. Manufacturing companies using ERP systems also analyze their operational and production data to estimate the optimum utilization of resources and forecast customer demands. ERP system is also used for analyzing the key metrics, such as labor and machine efficiency and utilization and the overall production quality, of companies. These factors are expected to drive the demand for ERP system integration and consulting in the manufacturing end-user segment during the forecast period.
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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. An increase in the need for business process efficiency and transparency through digital transformation is driving the adoption of ERP system integration and consulting solutions in the region. In global organizations, it is becoming difficult to maintain individual databases of all departments. This creates data silos and data redundancy across business operations, leading to data integrity issues. ERP system integration tools can help organizations overcome these challenges by providing a single integrated solution that enables data pooling from all databases across all departments. This reduces the duplication of data and data accessing time and helps enterprises generate quality reports and enhance business efficiency. These advantages of ERP system integration and consulting are driving the growth of the market in this region.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to an upsurge in the demand for North America. However, various IT companies have offered the work-from-home facility to their employees and gradually started opting for cloud-based ERP systems to manage their remote workforce since H1 2020. The increased adoption of cloud-based ERP system integration services. Moreover, the initiation of large-scale vaccination drives led to the lifting of lockdowns in 2021. This has resulted in the resumption of business operations in North America. Also, various vendors are coming up with different offerings. For instance, with Dynamics 365 by Microsoft Corp., businesses can efficiently manage, drive, simplify, optimize, and streamline their business processes while enabling a vision for digital transformation. In June 2021, Salesforce announced innovations across Digital 360, which helped companies go digital faster and deliver the next generation of marketing, commerce, and digital experiences. Such developments are expected to propel the growth of the regional market during the forecast period.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
ERP System Integration And Consulting Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.34% |
Market growth 2023-2027 |
USD 10.70 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
8.5 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 41% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acumatica Inc., Agelix Consulting LLC, Avaap USA LLC, Cognizant Technology Solutions Corp., Corning Data Services Inc., Coupa Software Inc., Dassault Systemes SE, Epicor Software Corp., Estes Group Inc., Flexware Innovation Inc., ICG Consulting, IFS World Operations AB, Infosys Ltd., Itransition Group, M3 Systems, NDimensionZ Solutions Pvt. Ltd., Onespire Ltd., Oracle Corp., Sage Group Plc, and OneSource Consulting LLC |
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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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