Enterprise Resource Planning (ERP) Market Size & Share, by Deployment Type (On cloud, On premise); Industry Size (Small, Medium, Large), by Application ( Asset Life Management, Inventory Management, Work Order Management, Labour Management, Predictive Maintenance, Facility Management ); by Vertical (Manufacturing, Retail, IT and Telecoms, Military and defenc , Healthcare, Government) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 2965
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Enterprise Resource Planning (ERP) Market size was valued at USD 59.25 billion in 2023 and is likely to cross USD 195.09 billion by the end of 2036, expanding at more than 9.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of ERP is estimated at USD 63.8 billion.

With the increase in innovations in technologies like AR, IoT, AI, predictive maintenance, digital twin, and telematics and global digitalization across various levels are embracing new opportunities for the organizations to optimize their relationships with customers are expected to fuel the growth of this market. Ministry of Corporate Affairs Of India, (MCA), stated that around 10,954 companies were registered in June 2020. Out of which 3,399 companies belonged to business service segment, followed by 2,360 in manufacturing, 1,499 in trading, 1,411 in community, personal & social services and 644 in construction.


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Enterprise Resource Planning (ERP) Sector: Growth Drivers and Challenges

Growth Drivers

  • Global Digitalization is Increasing Across Various Verticals
  • Increase in Emerging Technologies, such as, AR, IoT, AI, Digital twin and Others

Challenges

  • Substantial Gap Between Customer Expectations and Solution Delivered

Enterprise Resource Planning (ERP) Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

9.6%

Base Year Market Size (2023)

USD 59.25 billion

Forecast Year Market Size (2036)

USD 195.09 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Enterprise Resource Planning (ERP) Segmentation

On the basis of deployment type, enterprise resource planning (ERP) market is segmented into on-cloud and on-premise. On-premise is highly adopted by an organization that requires control over the security of information about companies and customers. This deployment is installed and hosted on organizations’ IT infrastructure and is managed by their internal IT staff. Unlike cloud deployment, on-premises deployment of enterprise resource planning (ERP) solutions requires high initial investment by organizations, but does not require incremental costs throughout the ownership.

On the basis of application, enterprise resource planning (ERP) market is segmented into asset life management, inventory management, work order management, labor management, predictive maintenance, facility management, and others. Out of all these, asset lifecycle management adopts the highest share of the market as it comprises a few inter-management processes like comprehensive asset portfolio management, rigorous project execution, and effective and efficient asset management practices, which helps to provide desired outcomes. It is basically the process of optimizing profits generated throughout their life cycle. It reduces maintenance costs and improves the quality of IT services. 

 On the basis of industry size, enterprise resource planning (ERP) market is segmented into small and medium scale industry and large scale industry. Where large scale holds a higher share in the market as they require global functionality and large scalability.

On the basis of vertical, enterprise resource planning (ERP) market is segmented into manufacturing, retail, ITs and telecoms, military and defence, healthcare, government and others. Out of all these, manufacturing and retail hold the highest share, followed by defense and healthcare. Within these verticals, Enterprise resource planning (ERP) implementation may be used for supply chain management, product configuration, web-based ordering, financial accounting, human resource planning, project management, order processing, and others.

Our in-depth analysis of the global enterprise resource planning (ERP) market includes the following segments

By Deployment Type

  • On cloud
  • Others

By Industry Size Type

  • Small and Medium Enterprises
  • Large Enterprises

By Application Type

 

  • Asset life management
  • Inventory management
  • Work order management
  • Labour management
  • Predictive maintenance
  • Facility management
  • Others

By Vertical Type

 

  • Manufacturing
  • Retail
  • Its and Telecom
  • Military and Defence
  • Healthcare
  • Government
  • Others

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Enterprise Resource Planning (ERP) Industry - Regional Synopsis

APAC Market Statistics

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. Asia Pacific industry is anticipated to account for largest revenue share by 2036, owing to increase in technology adoption in the region. Digital India is a flagship program of the Government of India, visions to transform India into a digitally empowered society and knowledge economy. Industries in countries like Japan, China, India, and Korea are increasing, leading to the increased complexity of managing data, workload, and applications, which would act as a significant factor driving the adoption of enterprise resource planning (ERP) among enterprises in this region.

The enterprise resource planning (ERP) market in North America and Europe is evaluated to occupy the largest share in terms of revenue due to the presence of top vendors in that region.

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Companies Dominating the Enterprise Resource Planning (ERP) Landscape

    • IBM
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    •  Oracle
    •  Infor
    • Intelligent Process Solutions
    • Maintenance Connection
    • Aptean
    • Rfgen Software
    • Assetworks
    • Ultimo Software Solutions
    • UpKeep

Author Credits:  Abhishek Verma


  • Report ID: 2965
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Global digitalization is increasing across various verticals which is creating opportunities for the organizations to optimize relationship with customer and Increase in emerging technologies like AR, IoT, AI, Digital twin and others.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

Substantial gap between customer expectations and solution delivered and with the increase in number of solution providers and major vendors, it is becoming difficult for the organizations to select right mix of solution.

The market in Asia Pacific region will provide ample growth opportunities owing to the increasing digital globalization.

The major players dominating the Enterprise Resource Management Market are IBM, SAP, Oracle, Infor, IFS, ABB, Intelligent Process Solutions, Maintenance Connection, Aveva, Aptean, Emanit, CGI, Rfgen Software, Assetworks, Ultimo Software Solutions, UpKeep , among others.
Enterprise Resource Planning Market Report Scope
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