North America Enterprise Resource Planning (Erp) Market Forecast 2024-2032

List of Tables

KEY FINDINGS

The North America enterprise resource planning (ERP) market is expected to grow with a CAGR of 8.38% during the forecast period, 2024-2032.

North America is a leader in terms of the adoption of technologies such as mobility, IoT, cloud computing, big data, digital transformation, and analytics. Additionally, continuous technological advancements, the presence of numerous ERP vendors, and access to proficient technical expertise are further driving market growth in the region.

REGIONAL ANALYSIS

The North America enterprise resource planning (ERP) market growth assessment includes an analysis of the United States and Canada. The increasing need for internal process efficiency, primarily through digital methods, is a major driving force behind ERP adoption in the United States. According to an IFS AB report, 41% of United States-based companies invest in ERP solutions primarily to enhance internal process efficiency. For example, while XPO Logistics announced plans to integrate augmented reality into its Ship XPO consumer self-service platform, PSA Airlines adopted IFS Maintenix to support its enterprise-wide fleet maintenance management needs.

In the United States, ERP vendors are also encouraging manufacturing and logistics companies to adopt augmented reality and apply AI technologies to sensor data collected from machines and robots. This trend is motivating ERP vendors to develop industry-specific ERP software, with United States-based QMS launching a core manufacturing ERP software package targeted at small and medium-sized businesses (SMEs).

On the other hand, in Canada, the legalization of cannabis production and sales is creating new opportunities for ERP vendors. Deacom, for example, announced a seed-to-sale functionality tailored for the cannabis industry and has secured TerrAscend, a Canada-based company, as a client. Additionally, 365 Cannabis, a Microsoft-powered ERP technology firm, has expanded into the cannabis market, as well.

Likewise, Loblaw Companies Limited, Canada's leading food and pharmacy retailer, is utilizing an SAP ERP solution to enhance operational efficiencies and better leverage business data. This solution enables the company to make optimal use of the data generated by the ERP system. Collectively, these factors are expected to contribute to the enterprise resource planning (ERP) market growth in North America during the forecast period.

SEGMENTATION ANALYSIS

The North America enterprise resource planning (ERP) market segmentation includes deployment, enterprise size, business function, and end-user. The deployment segment is further categorized into on-premise, cloud, and hybrid.

On-premise ERP deployment options are essential for organizations that require company-owned on-site servers and software, serving employees and facilitating both on-site and off-site networking opportunities. Generally, on-premise systems are easier to modify, allowing for significant customization to meet specific needs and requirements. This capability is crucial for many organizations, especially those in niche industries like specialized manufacturing, which have unique processes.

In addition, on-premise software is typically priced under a one-time perpetual license fee, usually based on the organization's size or total number of employees. Consequently, these systems are often considered a capital expenditure, requiring a large upfront investment.

Mobile accessibility can also pose challenges for on-premise deployments, often necessitating a third-party client to facilitate communication between the on-premise software and mobile devices. While not insurmountable, this can be a pain point. Therefore, on-premise ERPs are best suited for larger enterprises with higher budgets, which seek to customize system operations and maintain, host, and protect their ERP data.

COMPETITIVE INSIGHTS

Some of the leading players in the North America enterprise resource planning (ERP) market include Epicor Software Corporation, International Business Machines Corporation (IBM), Infor Inc, etc.

Epicor Software Corporation (Epicor) provides industry-specific business software tailored to the needs of distribution, retail, manufacturing, and services organizations. The company's integrated systems and services encompass enterprise resource planning (ERP), manufacturing execution systems (MES), supply chain management (SCM), financial management, human capital management (HCM), and service management.

Additionally, Epicor offers business process consulting, systems and hardware consulting, implementation services, as well as custom solution development services. The company operates in the Asia-Pacific, the Americas, and Europe, with its headquarters located in Austin, Texas.

Product Code: 88538

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
- 2.4.1. IMPACT OF COVID-19 ON THE ENTERPRISE RESOURCE PLANNING (ERP) MARKET
2.5. MAJOR MARKET FINDINGS
- 2.5.1. RAPID ADOPTION OF ERP SOLUTIONS ACROSS SEVERAL INDUSTRIES
- 2.5.2. FOCUS ON DIGITAL TRANSFORMATION AND AUTOMATION
- 2.5.3. THE MARKET IS CHARACTERISED BY VENDOR COMPETITIVENESS AND DIVERSE OFFERINGS

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. THE INCREASING NEED FOR CONTINUOUS IMPROVEMENT AND OPERATIONAL EFFICIENCY IN BUSINESSES
- 3.1.2. RISING EMPHASIS ON COMPETITIVE STRATEGIES AND REAL-TIME DECISION MAKING
- 3.1.3. RAPID ADOPTION OF CLOUD-BASED ERP SOLUTIONS
3.2. KEY RESTRAINTS
- 3.2.1. HIGH COST OF ERP SOLUTIONS
- 3.2.2. SURGE IN OPEN-SOURCE ERP VENDORS
- 3.2.3. VULNERABILITIES IN ERP APPLICATIONS

4. KEY ANALYTICS

4.1. KEY MARKET TRENDS
- 4.1.1. THE INTEGRATION OF ERP WITH ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING IS GAINING TRACTION
- 4.1.2. SHIFT TOWARDS SUBSCRIPTION-BASED PRICING MODELS
- 4.1.3. GROWING POPULARITY OF MOBILE ERP APPLICATIONS AND PLATFORMS
- 4.1.4. SURGE IN DEMAND FOR INDUSTRY-SPECIFIC SOLUTIONS
4.2. PORTER'S FIVE FORCES ANALYSIS
- 4.2.1. BUYERS POWER
- 4.2.2. SUPPLIERS POWER
- 4.2.3. SUBSTITUTION
- 4.2.4. NEW ENTRANTS
- 4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
4.4. MARKET CONCENTRATION ANALYSIS
4.5. KEY BUYING CRITERIA
- 4.5.1. COMPATIBILITY
- 4.5.2. COST-EFFECTIVENESS
- 4.5.3. EASE OF USE
- 4.5.4. SECURITY

5. MARKET BY DEPLOYMENT

5.1. ON-PREMISE
- 5.1.1. MARKET FORECAST FIGURE
- 5.1.2. SEGMENTATION ANALYSIS
5.2. CLOUD
- 5.2.1. MARKET FORECAST FIGURE
- 5.2.2. SEGMENTATION ANALYSIS
5.3. HYBRID
- 5.3.1. MARKET FORECAST FIGURE
- 5.3.2. SEGMENTATION ANALYSIS

6. MARKET BY ENTERPRISE SIZE

6.1. LARGE ENTERPRISES
- 6.1.1. MARKET FORECAST FIGURE
- 6.1.2. SEGMENTATION ANALYSIS
6.2. MEDIUM ENTERPRISES
- 6.2.1. MARKET FORECAST FIGURE
- 6.2.2. SEGMENTATION ANALYSIS
6.3. SMALL ENTERPRISES
- 6.3.1. MARKET FORECAST FIGURE
- 6.3.2. SEGMENTATION ANALYSIS

7. MARKET BY BUSINESS FUNCTION

7.1. FINANCE
- 7.1.1. MARKET FORECAST FIGURE
- 7.1.2. SEGMENTATION ANALYSIS
7.2. HUMAN RESOURCE (HR)
- 7.2.1. MARKET FORECAST FIGURE
- 7.2.2. SEGMENTATION ANALYSIS
7.3. SUPPLY CHAIN
- 7.3.1. MARKET FORECAST FIGURE
- 7.3.2. SEGMENTATION ANALYSIS
7.4. CUSTOMER MANAGEMENT
- 7.4.1. MARKET FORECAST FIGURE
- 7.4.2. SEGMENTATION ANALYSIS
7.5. INVENTORY MANAGEMENT
- 7.5.1. MARKET FORECAST FIGURE
- 7.5.2. SEGMENTATION ANALYSIS
7.6. MANUFACTURING MODULE
- 7.6.1. MARKET FORECAST FIGURE
- 7.6.2. SEGMENTATION ANALYSIS
7.7. OTHER BUSINESS FUNCTIONS
- 7.7.1. MARKET FORECAST FIGURE
- 7.7.2. SEGMENTATION ANALYSIS

8. MARKET BY END-USER

8.1. AUTOMOTIVE
- 8.1.1. MARKET FORECAST FIGURE
- 8.1.2. SEGMENTATION ANALYSIS
8.2. RETAIL
- 8.2.1. MARKET FORECAST FIGURE
- 8.2.2. SEGMENTATION ANALYSIS
8.3. MANUFACTURING
- 8.3.1. MARKET FORECAST FIGURE
- 8.3.2. SEGMENTATION ANALYSIS
8.4. BANKING, FINANCIAL SERVICES & INSURANCE (BFSI)
- 8.4.1. MARKET FORECAST FIGURE
- 8.4.2. SEGMENTATION ANALYSIS
8.5. GOVERNMENT
- 8.5.1. MARKET FORECAST FIGURE
- 8.5.2. SEGMENTATION ANALYSIS
8.6. IT AND TELECOM
- 8.6.1. MARKET FORECAST FIGURE
- 8.6.2. SEGMENTATION ANALYSIS
8.7. HEALTHCARE
- 8.7.1. MARKET FORECAST FIGURE
- 8.7.2. SEGMENTATION ANALYSIS
8.8. MILITARY AND DEFENSE
- 8.8.1. MARKET FORECAST FIGURE
- 8.8.2. SEGMENTATION ANALYSIS
8.9. OTHER END-USERS
- 8.9.1. MARKET FORECAST FIGURE
- 8.9.2. SEGMENTATION ANALYSIS

9. GEOGRAPHICAL ANALYSIS

9.1. NORTH AMERICA
- 9.1.1. MARKET SIZE & ESTIMATES
- 9.1.2. NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET DRIVERS
- 9.1.3. NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET CHALLENGES
- 9.1.4. KEY PLAYERS IN NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET
- 9.1.5. COUNTRY ANALYSIS
  - 9.1.5.1. UNITED STATES
  - 9.1.5.1.1. UNITED STATES ENTERPRISE RESOURCE PLANNING (ERP) MARKET SIZE & OPPORTUNITIES
  - 9.1.5.2. CANADA
  - 9.1.5.2.1. CANADA ENTERPRISE RESOURCE PLANNING (ERP) MARKET SIZE & OPPORTUNITIES

10. COMPETITIVE LANDSCAPE

10.1. KEY STRATEGIC DEVELOPMENTS
- 10.1.1. MERGERS & ACQUISITIONS
- 10.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 10.1.3. PARTNERSHIPS & AGREEMENTS
- 10.1.4. BUSINESS EXPANSIONS
10.2. COMPANY PROFILES
- 10.2.1. DESKERA HOLDINGS LTD
  - 10.2.1.1. COMPANY OVERVIEW
  - 10.2.1.2. PRODUCTS
  - 10.2.1.3. STRENGTHS & CHALLENGES
- 10.2.2. EPICOR SOFTWARE CORPORATION
  - 10.2.2.1. COMPANY OVERVIEW
  - 10.2.2.2. PRODUCTS
  - 10.2.2.3. STRENGTHS & CHALLENGES
- 10.2.3. INDUSTRIAL AND FINANCIAL SYSTEMS (IFS) AB
  - 10.2.3.1. COMPANY OVERVIEW
  - 10.2.3.2. PRODUCTS
  - 10.2.3.3. STRENGTHS & CHALLENGES
- 10.2.4. INFOR INC
  - 10.2.4.1. COMPANY OVERVIEW
  - 10.2.4.2. PRODUCTS
  - 10.2.4.3. STRENGTHS & CHALLENGES
- 10.2.5. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
  - 10.2.5.1. COMPANY OVERVIEW
  - 10.2.5.2. PRODUCTS
  - 10.2.5.3. STRENGTHS & CHALLENGES
- 10.2.6. IQMS (ACQUIRED BY DASSAULT SYSTEMES)
  - 10.2.6.1. COMPANY OVERVIEW
  - 10.2.6.2. PRODUCTS
  - 10.2.6.3. STRENGTHS & CHALLENGES
- 10.2.7. MICROSOFT CORPORATION
  - 10.2.7.1. COMPANY OVERVIEW
  - 10.2.7.2. PRODUCTS
  - 10.2.7.3. STRENGTHS & CHALLENGES
- 10.2.8. ORACLE CORPORATION
  - 10.2.8.1. COMPANY OVERVIEW
  - 10.2.8.2. PRODUCTS
  - 10.2.8.3. STRENGTHS & CHALLENGES
- 10.2.9. PLEX SYSTEMS INC (ACQUIRED BY FRANCISCO PARTNERS)
  - 10.2.9.1. COMPANY OVERVIEW
  - 10.2.9.2. PRODUCTS
  - 10.2.9.3. STRENGTHS & CHALLENGES
- 10.2.10. QAD INC
  - 10.2.10.1. COMPANY OVERVIEW
  - 10.2.10.2. PRODUCTS
  - 10.2.10.3. STRENGTHS & CHALLENGES
- 10.2.11. RAMCO SYSTEMS LIMITED (RSL)
  - 10.2.11.1. COMPANY OVERVIEW
  - 10.2.11.2. PRODUCTS
  - 10.2.11.3. STRENGTHS & CHALLENGES
- 10.2.12. SAP SE
  - 10.2.12.1. COMPANY OVERVIEW
  - 10.2.12.2. PRODUCTS
  - 10.2.12.3. STRENGTHS & CHALLENGES
- 10.2.13. SYSPRO (PTY) LTD
  - 10.2.13.1. COMPANY OVERVIEW
  - 10.2.13.2. PRODUCTS
  - 10.2.13.3. STRENGTHS & CHALLENGES
- 10.2.14. THE SAGE GROUP PLC
  - 10.2.14.1. COMPANY OVERVIEW
  - 10.2.14.2. PRODUCTS
  - 10.2.14.3. STRENGTHS & CHALLENGES
- 10.2.15. UNIT4
  - 10.2.15.1. COMPANY OVERVIEW
  - 10.2.15.2. PRODUCTS
  - 10.2.15.3. STRENGTHS & CHALLENGES
- 10.2.16. WORKDAY INC
  - 10.2.16.1. COMPANY OVERVIEW
  - 10.2.16.2. PRODUCTS
  - 10.2.16.3. STRENGTHS & CHALLENGES