Global Enterprise Resource Planning (ERP) Software Market to Experience a CAGR of 13.8% during 2025-2032; Integrating ERP Tools to Increase Operational Productivity will Boost Market Growth

The global enterprise resource planning software market size was valued at USD 81.15 billion in 2024. The market is projected to grow from USD 92.6 billion in 2025 to USD 229.79 billion by 2032, exhibiting a CAGR of 13.8% during the forecast period.

Fortune Business Insights™ presents this information in its report titled “Enterprise Resource Planning (ERP) Software Market Size, Share & Industry Analysis, By Enterprise Type (Small & Medium Enterprises (SMEs) and Large Enterprises), By Deployment (Cloud & Hybrid and On-premise), By Business Function (Financial Management, Human Capital Management, Supply Chain Management, Customer Management, Inventory & Work Order Management, and Others (Sourcing & Procurement)), By End-user (Manufacturing, BFSI, IT & Telecom, Retail & Consumer Goods, Healthcare & Life Sciences, Transportation & Logistics, Government, and Others (Aerospace & Defense)), and Regional Forecast, 2025-2032”

We have taken into account Enterprise Resource Planning (ERP) software offered by significant firms including Oracle Corporation, Oracle Corporation, IBM Corporation, SAP Se, Workday, Inc., and Microsoft Corporation in the scope. In order to illustrate and offer insights based on correlation, hidden patterns, the market’s shifting trends, and more, the market analyses the unstructured and structured database. For instance, in July 2022, IFS released IFS assist 11.5, a cloud-based automated solution that helps businesses manage their configuration management databases and maintain comprehensive control over their IT infrastructure.

Supply Chain Issues and Pandemic-related Economic Slowdown Limited Market Growth

To automate their company processes, a number of small and medium-sized businesses have adopted digital techniques. For instance, in the second quarter of 2020, the civil engineering company Mackay & Sposito faced challenges in measuring the projects and its business operations. In order to manage its various operations, including finance, projects, and material management, the company adopted an ERP software system. This increased its cash flows and profitability. Also, the market has grown due to expanding government-friendly laws for the adoption of digital technology applications and the growing digitalization of organizations. In 200, for example, the IDC research states that due to rise in investment from SMEs and large-scale businesses, the global investment in digital transformation reached USD 1.5 trillion. A significant increase in the adoption of digital technology platforms during COVID-19 has moderately increased the demand for ERP.

Increasing Demand for EPM Tools as they Assist to Operate Efficiently

In July 2022, Infor partnered with Syntellis. Syntellis specializes in supplying enterprise resource solutions. These solutions help consumers to access Syntellis Axiom Healthcare Suite. To enhance company’s operations, the suite provides EPM tools with data driven insights.

Market is Anticipated to Grow due to Efficiency of ERP Software

Global companies are focused on increasing their productivity and enhancing their business processes. Corporations are searching for a solution that can handle several operations such including procurement, sales and marketing, and, supply chain management. ERP software solves this issue by managing business operations efficiently and error free. The software allows to view the entire company data on a single uniform platform. Complex procedures such as multi-step production plan can be done easily with the help of this software.

However, heavy installation cost and tough procedures of linking the software with a previous outdated system can result in errors which may hinder the Enterprise Resource Planning software market growth.

Strategic Partnerships of Major Players to Expand Market Share

Big corporations are providing Enterprise Resource Planning (ERP) software to all business segments to strengthen capabilities of technology, create cutting-edge advanced solutions, and improve their tools. Furthermore, through strategic partnerships, businesses are expanding and gaining expertise by reaching to their customers. Key players are focused on strategic partnerships to reach customers and grow business.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/enterprise-resource-planning-erp-software-market-102498

List of Key Players Profiled in the Report:

• Oracle Corporation (U.S.)


• IBM Corporation (U.S.)


• SAP SE (Germany)


• Workday, Inc. (U.S.)


• Microsoft Corporation (U.S.)


• Sage Group plc (U.K.)


• Infor (U.S.)


• Deltek (U.S.)


• Acumatica, Inc. (U.S.)


• Epicor (U.S.)

Key Industry Development

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  September 2021: Oracle Corporation launched a cloud-based ERP solution with additional machine learning and AI technology features. This cloud-based ERP solution was designed to automate the users' manual work.

  
  

Further Report Findings

• North America accounted for the largest ERP software market share as automation for business functions using digital methods have become a necessity. Additionally, key players are focused on research and developing advanced ERP solutions that will lead to increased market growth.


• Asia Pacific is anticipated to grow at a significant CAGR during the forecast period. Continuous evolving industry verticals, BFSI, including manufacturing, and transportation and logistics are the factors responsible for the regions’ growth.


• Development of regional manufacturing companies and growing advancements in technology are responsible for Europe’s market growth. 80% of large companies and 30% of small businesses used enterprise resource planning tools in 2019 according to the European Commission.

Table of Segmentation