ERP Software Market Size

ERP Software Market size was over USD 46.34 billion in 2024 and is poised to exceed USD 163.8 billion by 2037, growing at over 10.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of ERP software is evaluated at USD 50.12 billion. The growing IT industry across the globe is the major factor driving the ERP demand as the financial planning, budgeting, forecasting, and reporting processes inside an organization are all facilitated by ERP software. The need for ERP software is rising due to several notable aspects, including the expanding value of existing ERP systems, reducing reliance on third parties, using more highly secured resources, developing financial systems, and others.

Due to a sharp increase in enterprises globally and the demand for cloud-based ERP solutions, the necessity for supplier and customer relationship management is growing, which is accelerating the market's pace. According to World Bank, globally, mobile technologies and services added USD 4.5 trillion to the economy in 2021, or 5% of GDP. However, vulnerable populations in both developing and developed nations who cannot access or use digital technologies run the risk of falling behind in the post-pandemic recovery process, which could have more severe knock-on effects.