ERP Software Market by Component (Software and Service), Deployment Model (On-premise, Cloud, and Hybrid), Business Function (Finance, Human Resource (HR), Supply Chain, Customer Management, Inventory Management, Manufacturing Module, and Others), End-User (Large Enterprises, Medium Enterprises, and Small Enterprises), and Industry Vertical (Manufacturing, BFSI, Healthcare, Retail & Distribution, Government & Utilities, IT & Telecom, Construction, Aerospace & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027

ID: VPR/ICT/187 Publishing Year: January 2021 Pages: 152 Format:   


Market Overview:

The ERP Software Market was valued at $XXX billion in2019, and it is expected to reach $XXX billion by 2027, registering a CAGR of XX% from 2021 to2027. An Enterprise resource planning system is an integrated business management system covering functional areas of an enterprise like Finance, Accounting, Customer Relationship Management, and Human Resources. It organizes and integrates operation processes and information flows to make the best use of resources such as men, material, money, and machine. ERP can provide online MIS for the management to know the exact status of the business at a click of the mouse and enables it to take timely business decisions Enterprise resource planning promises to have one database, one application, one user interface for the entire enterprise, where once disparate systems ruled manufacturing, distribution, finance, and sales.

The major factors driving the market of ERP Software are the software that has Enabled improved business performance, supporting business growth requirements. The ERP Software Provide flexible, integrated, real-time decision support. One of the great attributes of any good ERP system that it has open module architecture.  ERP Software have Eliminated limitation in legacy issues. Since ERP implementation affects entire organizations such as processes, people, and culture, there are several challenges that companies may encounter in implementing ERP systems. However, not all ERP applications have been successful. Managers cannot generate custom reports or queries without help from a programmer and so managers cannot act quickly for obtaining information and also Data in the ERP application is not integrated with other enterprises and does not include external intelligence, these are some limitations of ERP Software. Broad range of accurate information needed to enable faultless package selection and implementation. ERP will help to create modules that will minimize customization during implementation. Competition among vendors is increasing options in package selection for the users. This will be advantageous for future expansions and services. Today business has started to interact with millions of other businesses. So, it is necessary to connect businesses online through our ERP. ERP gives a better corporate image, Improved customer goodwill, Customer satisfaction. however, increased adoption of advanced technologies such as IoT, AI, and big data analytics has led to the growth of the industry. 

Segment Overview:

The ERP Software Market is segmented by Component, Deployment Model, Business Function, End-User, and Industry Vertical.

Component Insights:

The Component segment is sub-divided into software and services.

Deployment Insights:

This segment is divided into On-premise, Cloud, and Hybrid. On-Premise deployment model offers advantages such as continuous control and high security of data in an organization, which is expected to drive the industry over the forecast period. Cloud deployment is anticipated to grow in the coming years because of its rising demand.

 Business Function:

The Business Function segment is divided into Finance, Human Resource (HR), Supply Chain, Customer Management, Inventory Management, Manufacturing Module, and Others. ERP Software help to manage financial activities easily including accounting, investment, assets management, and cash flow management which has high demand. Human Resource is another key feature and capability of ERP software as it deals with the most important people in your business - your employees.

End-User Insights:

This segment is categorized into Large Enterprises, Medium Enterprises, and Small Enterprises. Expansion of firms requires proper management which leads to ERP Software Market Demand. As the ERP Software is flexible, gives online connection, automation functions, helps in best business practices, and strategic planning, also it is cost-efficient and is an on-time product which is rising its high demand by the Enterprises. These ERP Software are increasing productivity and lowering operational complexity in many industries.

 Industry Vertical Insights:

This segment is divided into Manufacturing, BFSI, Healthcare, Retail & Distribution, Government & Utilities, IT & Telecom, Construction, Aerospace & Defense, and Others. Government utilities are considered for a significant share of the market owing to the adoption of IT infrastructure. The integration of ERP with IoT is immensely helping organizations to identify and solve their issues easily.

ERP Software Key Market Segments:

By Component

  • Software
  • Service

By Deployment Model

  • On-premise
  • Cloud
  • Hybrid

By Business Function

  • Finance
  • Human Resource (HR)
  • Supply Chain
  • Customer Management
  • inventory management
  • Manufacturing Module
  • Others

By Industry Vertical

  • Manufacturing
  • BFSI
  • Healthcare
  • Retail & Distribution
  • Government & Utilities
  • IT & Telecom
  • Construction
  • Aerospace and Defense
  • Others

By End-User

  • Large Enterprises
  • Medium Enterprises
  • Small Enterprises

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific 
    • Japan
    • China
    • Australia
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • SAP SE
  • Oracle Corporation
  • Sage Software Solutions Pvt. Ltd.
  • Workday, Inc.
  • Infor
  • Epicor Software Corporation
  • SYSPRO 
  • Microsoft Corporation
  • IFS
  • Deskera


Frequently Asked Questions
The major factors driving the market of ERP Software are the software that has Enabled improved business performance, supporting business growth requirements
AMAZON.COM, ALPHABET, VOLKSWAGEN, SAMSUNG, MICROSOFT, HUAWEI, INTEL, APPLE, ROCHE, JOHNSON & JOHNSON
SAP SE, Oracle Corporation, Sage Software Solutions Pvt. Ltd., Workday, Inc., Infor, Epicor Software Corporation, SYSPRO, Microsoft Corporation, IFS, Deskera

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