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The ERP system integration and consulting market size of the market is forecast to increase by USD 13.93 billion, at a CAGR of 10.87% between 2023 and 2028. Market growth hinges on several factors, the rising demand for cloud-based systems, the imperative to boost business efficiency, and the escalating adoption of ERP systems among SMEs. Cloud-based systems cater to the need for scalable and accessible solutions, driving their widespread adoption across industries. Concurrently, businesses seek efficiency gains through streamlined processes and enhanced data management capabilities offered by modern technologies. Moreover, the increasing adoption of ERP systems by SMEs reflects their recognition of the benefits of integrated management solutions for operations and resource planning. These trends highlight a transformative shift towards digitalization and optimized business operations, shaping the competitive landscape of enterprise software solutions. As technology continues to evolve, these factors play a crucial role in driving innovation and market expansion in the ERP and cloud computing sectors.
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The market is pivotal in enhancing operational efficiency and overall performance across various sectors, including finance and human resources. Leveraging cloud-based ERP solutions, businesses capitalize on data analytics and AI-driven insights for informed decision-making. Mobile accessibility and real-time data analysis are facilitated through robust business intelligence and data visualization technologies, ensuring seamless communication and efficient data exchange. Integration specialists optimize network components to streamline processes and automate workflows, boosting productivity in financial institutions and beyond. Consulting services provide primary and secondary information to publishers and ensure competition remains reliable. By implementing ERP systems, organizations achieve greater agility and scalability, transforming how they manage resources and drive growth. As businesses navigate digital transformation, ERP system integration plays a crucial role in modernizing operations and sustaining competitive advantage in dynamic markets.
The increasing demand for cloud-based systems is the key factor driving 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 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 consumer behavior in the marketplace.
Further, 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 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.
Market Customer Landscape
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- 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 companies , including:
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.
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 4.46 billion in 2018. 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 44% 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.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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The market is experiencing significant growth driven by the demand for industry-specific ERP solutions that optimize automation and streamline supply chain management processes. Businesses are increasingly adopting cloud technologies and embracing process automation to enhance their IT environment and facilitate digital transformations. Robust software applications and cloud-based services support integration with IoT technologies, ensuring efficient operations while prioritizing privacy and data security against rising cyberattacks and data breaches. Service providers offer specialized application integration services catering to eCommerce platforms, financial and ERP systems, and core banking integration for neo-banking services and fintech startups in the digital economy. They enable multi-channel banking and streamline payment systems integration within a diverse startup ecosystem, leveraging resilient cloud infrastructure and expanding internet penetration. As publishers of enterprise application software, they drive competitive advantages and facilitate strategic promotions through insightful data presented in engaging PDF brochures, fueling ongoing growth dynamics in the ERP market.
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Market Scope |
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Report Coverage |
Details |
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Page number |
176 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.87% |
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Market growth 2024-2028 |
USD 13.93 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
9.53 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 44% |
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Key countries |
US, China, Germany, Canada, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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., OneSource Consulting LLC, Oracle Corp., and Sage Group Plc |
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Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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