Global Enterprise Resource Planning (ERP) Software Market

Global Enterprise Resource Planning (ERP) Software Market Size, Share, Growth Analysis, By Deployment Type(On-Premises, Cloud), By Function(HR, Supply Chain), By Enterprise Size(Large Enterprises, Medium Enterprises), By Vertical(Manufacturing & Services, BFSI) - Industry Forecast 2024-2031

Report ID: SQMIG45F2120 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 121 | Figures: 77

Global Enterprise Resource Planning (ERP) Software Market Competitive Landscape

Most companies are actively investing in R&D activities to develop innovative products that help the company to improve its market share and generate more revenue. On the other hand, Unit 4 Company is planning to increase its market revenue by acquiring small market players. In its Unit 4 partner program, Unit 4 collaborated with Enbridge Consulting. With this alliance, the businesses hope to provide SaaS-based ERP systems for small and medium-sized businesses while also gaining access to the services and technology business experience that other businesses provide.

Enterprise Resource Planning Software Market Top Player’s Company Profiles

  • Acumatica
  • Aptean
  • Deltek
  • Epicor Software Corporation
  • IFS AB
  • Infor
  • Intuit Inc.
  • Microsoft Corporation
  • NetSuite Inc.
  • Oracle Corporation
  • QAD Inc.
  • Ramco Systems
  • Sage Group
  • SAP SE
  • SYSPRO
  • Technology One Limited
  • Unit4
  • Workday, Inc.
  • Xledger
  • Zoho Corporation

Enterprise Resource Planning Software Market Recent Development

  • In April 2021, Unit 4 announced the wide availability of ERPX for mid-market and people-centric enterprises in order to expand its global presence and support manufacturing firms with powerful ERP tools for cost-cutting.
  • In June 2021, in its product kinetic, Epicor reintroduced its integrated flagship manufacturing ERP tool. The recently released solution offers a platform that is modernized and future-proof, along with an updated UX architecture and a new feature called updated Epicor Commerce Connect.
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Enterprise Resource Planning (ERP) Software Market size was valued at USD 45.82 billion in 2019 and is poised to grow from USD 49.28 billion in 2023 to USD 90.63 billion by 2031, growing at a CAGR of 9.1% in the forecast period (2024-2031).

Most companies are actively investing in R&D activities to develop innovative products that help the company to improve its market share and generate more revenue. On the other hand, Unit 4 Company is planning to increase its market revenue by acquiring small market players. In its Unit 4 partner program, Unit 4 collaborated with Enbridge Consulting. With this alliance, the businesses hope to provide SaaS-based ERP systems for small and medium-sized businesses while also gaining access to the services and technology business experience that other businesses provide. 'Acumatica', 'Aptean', 'Deltek', 'Epicor Software Corporation', 'IFS AB', 'Infor', 'Intuit Inc.', 'Microsoft Corporation', 'NetSuite Inc.', 'Oracle Corporation', 'QAD Inc.', 'Ramco Systems', 'Sage Group', 'SAP SE', 'SYSPRO', 'Technology One Limited', 'Unit4', 'Workday, Inc.', 'Xledger', 'Zoho Corporation'

Global organizations have been compelled to adopt a variety of business models due to the increasing need for operational efficiency and transparency in corporate processes. Enterprise resource planning (ERP) system complexity has decreased due to advances in technology, and third-party apps can now more efficiently assist corporate procedures. 

Robust Adoption of Cloud-Based ERP Solutions: The market is expected to increase as a result of the rising demand for cloud-based solutions. Enterprises can save their data on shared computing resources thanks to cloud-based solutions. Contrary to traditional software, cloud-based solutions assist businesses in sharing information between divisions. 

Due to the presence of key providers like Oracle, Microsoft, Infor, and Epicor in the area, North America accounted for the biggest market share. Advanced technologies including cloud computing, IoT, Big Data, and business intelligence are more widely used in North America, which further contributes to the expansion of the regional market. Additionally, increased ERP solution adoption across business verticals is boosting the market in North America.

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