ERP Software Market Trends

Growth Drivers

Growing IT Industry Backed by Digitization – The need for ERP systems for data mining, product data management, and product life cycle management would significantly increase as a result of practically all areas investing extensively in developing their IT and related businesses, thus bolstering the expansion of ERP software. According to ESCAP and IDC report, Spending on digital native business technology in Asia/Pacific is anticipated to increase at a CAGR of 20.8% and reach US$128.9 Billion by 2026. As investment accelerates, it is anticipated that Asia/Pacific DNB tech spending will expand at a year-over-year (YoY) pace of 19.3% in 2023 as opposed to 15.1% in 2022.
Growing Adoption of Mobile–Surging industrialization has greatly improved the GDP of developing nations such as India, Singapore, and others, generating more prospects for the ERP software industry. As per the GSMA, Mobile technologies and services contributed nearly 5% of the world's GDP in 2022, adding USD 5.2 trillion to the economy and supporting 28 million employments throughout the entire mobile ecosystem. Moreover, mobile innovation and services are expected to be supported by 5G, expanding on current deployments and uptake.
Development of Industry-Specific Solutions- ERP suppliers are creating industry-specific systems to meet the needs of various industries, such as healthcare, manufacturing, retail, and finance. These specialized ERP systems provide tailored functionality and improved compliance assistance.

Challenges

High Upfront Cost of Cloud-based ERP Solutions- Enterprises find it challenging to make the switch to digital transformation due to the high cost of cloud-based ERP solutions. Enterprises must pay for the resources they use because cloud-based Mobile ERP systems are often charged depending on consumption. Businesses that need to increase their use of cloud-based ERP solutions pay a steep price.
Security Concerns Regarding Mobile ERP Solution Implementations
Compatibility Issues with Existing ERP Hardware and Software Integration

ERP Software Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	10.2%
Base Year Market Size (2024)	USD 46.34 billion
Forecast Year Market Size (2037)	USD 163.8 billion
Regional Scope	North America (U.S., and Canada) Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, South Korea, Singapore, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Rest of Europe) Middle East and Africa (Israel, GCC, South Africa, Rest of the Middle East, and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of ERP software is evaluated at USD 50.12 billion.

The 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. Growing IT industry as well as digitization and rising cloud & mobile-based ERP solution deployment will drive the market growth.

North America industry is poised to dominate majority revenue share of 35% by 2037, owing to high cloud and mobile penetration rate than other regions.

The major players in the market are Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, Infor, inc., NetSuite, Inc., Sage Group plc, Dassault Systems, SYSPRO

ERP Software Market Trends