PUBLISHER: The Business Research Company | PRODUCT CODE: 1712435
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712435
Enterprise resource planning (ERP) refers to software that organizations employ to efficiently manage their day-to-day business operations, encompassing activities like procurement, accounting, project management, risk management, compliance, and supply chain operations.
The primary functional types of ERP software include finance, human resources (HR), supply chain management, and other miscellaneous functions. The ERP finance module, for instance, is a vital component of ERP systems, focusing on essential accounting and financial management functions within an organization. ERP software can be deployed in various ways, including as on-premises ERP or cloud-based ERP, depending on the specific needs and preferences of the organization. These ERP solutions find application across a range of industry verticals, including manufacturing, services, banking, financial services and insurance (BFSI), healthcare, retail, government utilities, aerospace and defense, telecommunications, and various other sectors.
The ERP software market research report is one of a series of new reports from The Business Research Company that provides ERP software market statistics, including ERP software industry global market size, regional shares, competitors with an ERP software market share, detailed ERP software market segments, market trends and opportunities, and any further data you may need to thrive in the ERP software industry. This ERP software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ERP software market size has grown rapidly in recent years. It will grow from $149.53 billion in 2024 to $165.55 billion in 2025 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to business process optimization, integration needs, legacy system replacement, regulatory compliance, global expansion.
The ERP software market size is expected to see rapid growth in the next few years. It will grow to $242.89 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to cloud erp adoption, digital transformation, mobile and remote work, ai and automation, user-friendly interfaces. Major trends in the forecast period include cloud erp adoption, mobile erp, iot integration, saas erp, blockchain integration.
The growth of the e-commerce industry is expected to drive the expansion of the enterprise resource planning (ERP) software market. E-commerce involves the electronic buying and selling of products and services through online platforms. ERP software enhances the e-commerce experience by providing real-time data and updates to customers, streamlining the sales process, and minimizing potential frustrations. For example, in August 2023, the United States Census Bureau reported that U.S. retail e-commerce sales reached $291.6 billion in Q2 2024, representing a 1.3% increase from the previous quarter and a 6.7% rise compared to the same period in 2023. Total retail sales were estimated at $1,826.9 billion, up 0.5% quarter-over-quarter and 2.1% year-over-year, with e-commerce accounting for 16.0% of total sales. This surge in e-commerce activity is fueling the growth of the ERP software market.
The growing need for improved efficiency and transparency in business operations further contributes to the growth of the enterprise resource planning software market. ERP systems enable the integration of vast amounts of data across various departments, facilitating seamless information flow throughout organizations. The adoption of cloud-based technologies for real-time data storage and access, analytical reporting for informed decision-making, and compliance with industry-standard processes embedded in the software all contribute to market expansion. For example, in December 2023, the European Commission (EC), the executive body of the European Union (EU) based in Belgium, reported a 4.2 percentage point increase in the adoption of cloud-based solutions within the EU in 2023. Approximately 45.2% of enterprises were purchasing cloud computing services, reflecting a significant rise compared to 2021. This growing demand for enhanced efficiency and transparency in business operations is propelling the growth of the ERP software market.
A noteworthy trend in the ERP software market is the integration of blockchain technology with ERP systems. Blockchain, characterized by a chronological data series managed by multiple computers across various entities, secures data with cryptographic codes. The fusion of ERP with blockchain technology creates a secure collaboration platform, allowing the free sharing of trusted systems of records. For example, software company SAP is exploring ways to efficiently integrate blockchain into its existing ERP system, with a focus on improving 3D printing and digital manufacturing.
Major companies in the ERP software sector are developing innovative products such as MetaERP to replace legacy ERP systems and better serve customers. MetaERP is a cloud-based ERP system that incorporates advanced technologies like cloud-native architecture, metadata-driven multi-tenancy, and real-time intelligence. These innovations significantly enhance service efficiency and operational quality. Huawei, for instance, launched a self-controlled MetaERP system in April 2023. Huawei's MetaERP transformation aims to reduce costs, elevate operational capabilities, and enhance service efficiency and quality.
In December 2024, enventa Group, a Germany-based provider of business software solutions, acquired ERP Novum for an undisclosed amount. This acquisition aims to strengthen enventa Group's integrated suite of business software offerings, enabling it to deliver a broader range of solutions to its customers. Additionally, the deal supports enventa's expansion into the packaging and e-commerce sectors, solidifying its position as a comprehensive ERP vendor for small and medium-sized enterprises in German-speaking markets. ERP Novum specializes in developing ERP systems designed to streamline processes and optimize operations.
Major companies operating in the erp software market include SAP SE, Oracle Corporation, Microsoft Corporation, Epicor Software Corporation, Infor, Sage Intacct Inc., NetSuite Inc., IFS AB, Syspro Technologies, Brightpearl Limited, FinancialForce, Dolibarr ERP CRM, Awery Software FZ LLC, WP ERP, Kechie ERP, Stafiz, BatchMaster Software Pvt Ltd., Intuit Inc., Fidelity National Information Services Inc., Finserv Inc., Cerner Corporation, SS&C Technology Holdings Inc., Constellation Software Inc., Odoo, Lawson, Consona Corp, Activant Solutions Pvt Ltd., QAD Inc., Kronos Incorporated, International Business Machines Corporation
Asia-Pacific was the largest region in the ERP software market in 2024. North America was the second largest region in the ERP software market. The regions covered in the erp software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the erp software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The ERP Software Market Empowering Seamless Business Communication and Information Flow
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
ERP Software Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on erp software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for erp software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The erp software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.