openPR Logo
Press release

Enterprise Resource Planning (ERP) Software Market grow at a CAGR of 8.8% to reach US$ 126.2 Billion by the year 2032

01-20-2023 12:01 PM CET | IT, New Media & Software

Press release from: Future Market Insights

Enterprise Resource Planning (ERP) Software Market

Enterprise Resource Planning (ERP) Software Market

The global enterprise resource planning (ERP) software market is anticipated to be valued at US$ 54.1 billion in 2022 and to increase at a CAGR of 8.8% to US$ 126.2 billion by the year 2032. Nearly 2% of the world market for business process management is made up by ERP software.

As per Future Market Insights, growing need for operational transparency and efficiency in business process to drive the growth of ERP software market in the coming years.

Cloud-based ERP software helps business to create complete report on their daily operational activity. With cloud-based ERP software, firms can easily monitor the company expenditure, profits and losses, and returns on investments (ROI).

Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-14611

Furthermore, cloud-based ERP software provides KPI reports for performance analysis. ERP software systems provide tools like data visualization, utilizing real-time data sets and others. Companies can use ERP software solutions to fix issues in real time. Most of the cloud-based ERP software providers offer uptime rates.

Key Takeaways: ERP Software Market

By deployment mode, the on-premise ERP software segment has emerged dominant, growing at a CAGR of close to 7.7% between 2022 & 2032.
By enterprise size, the demand for ERP software solutions from small & mid-sized enterprises (SMEs) is estimated to be growing at higher rate than large enterprises.
By business function, the financial management industry is showcasing high growth and is expected to hold dominant market share by 2032. However, the supply chain management industry is projected to showcase a tremendous growth of close to 11.4% between 2022 & 2032.
By industry, the IT & telecom industry will hold the highest market share by 2032. However, the BFSI industry is projected to showcase impressive growth at around 11.8% CAGR between 2022 & 2032.
By region, North America held the highest market share of around 32% in 2021, but South Asia & Pacific will showcase growth at a higher rate of ~12.8% during the forecast period.

Across various industries, enterprises are looking for opportunities to strengthen their operational efficiency and improve their workflow process. In addition to this, these enterprises are currently focusing on improving their business operations in terms of increasing operational productivity and maintaining costs under control.

Firms are looking for a centralized? solution to manage a variety of business activities, including sales and marketing, accounting and finance, procurement and supply chain management.

Cloud-based ERP software offers scalability and flexibility to the organization that helps to improve productivity and optimize operations. Fast and accurate financial data delivery, improved quality and inventory controls, quick data-driven decisions, software and network infrastructure, simplified hardware, improved financial performance, integration of acquired technology, simple adoption of common standards across facilities and business divisions, and more consistent operating performance are all advantages of cloud-based ERP software.

Request Methodology @
 https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14611

Increase in Demand for Operational Efficiency and Transparency in Corporate Operations Driving Growth

The worldwide ERP software market is growing due to an increase in demand for operational efficiency and transparency in corporate operations, as well as an increase in demand for ERP software from small and mid-sized enterprises. Furthermore, the rapid usage of cloud-based and mobile apps are boosting the development of the ERP software market.

The development of the ERP software market is hampered by the availability of open-source ERP software solutions and the high implementation cost of ERP software. On the other hand, the growing use of ERP software solutions in small and mid-sized enterprises, as well as the fast transition of current business models, are projected to provide lucrative prospects for the ERP software market to expand throughout the forecast period.

Enterprise Resource Planning (ERP) Software Outlook by Category

By Deployment Mode:

On-premise Enterprise Resource Planning (ERP) Software
Cloud-based Enterprise Resource Planning (ERP) Software

By Enterprise Size:

Small and Mid-Sized Enterprises (SMEs)
Large Enterprises

By Business Function:

Financial Management
Human Capital Management
Supply Chain Management
Customer Management
Inventory and Work Order Management
Others

By Industry:

IT & Telecom
Retail
Government
Healthcare
BFSI
Manufacturing
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
The Middle East and Africa (MEA)

Ask an Analyst @ 
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-14611

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Enterprise Resource Planning (ERP) Software Market grow at a CAGR of 8.8% to reach US$ 126.2 Billion by the year 2032 here

News-ID: 2892954 • Views:

More Releases from Future Market Insights

Polygon Mirror Scanner Motor Market Set to Hit USD 88.5 Million by 2035, Powered by Advanced Imaging and Office Tech
Polygon Mirror Scanner Motor Market Set to Hit USD 88.5 Million by 2035, Powered …
The global polygon mirror scanner motor market is experiencing robust growth, forecasted to rise from USD 55.9 million in 2025 to USD 88.5 million by 2035, which represents a nearly 1.6-fold increase over the assessment period. This remarkable expansion is shaped by the widespread adoption of next-generation scanning technologies and the rapid digital transformation across the printing and office equipment industries. As businesses renew their focus on speed, accuracy, and
Global p-Hydroxybenzoic Acid Market to Approach USD 400 Million by 2035, Driven by Polymer and Textile Demand
Global p-Hydroxybenzoic Acid Market to Approach USD 400 Million by 2035, Driven …
The global p-Hydroxybenzoic Acid (PHBA) market is entering a new era of growth, expected to rise from USD 213.0 million in 2025 to USD 399.8 million by 2035, showcasing a compound annual growth rate of 6.5%. This surge is underpinned by PHBA's flourishing adoption in polymer synthesis, textile processing, and supporting industries seeking high-performance and sustainable chemical solutions. As organizations shift towards advanced materials with enhanced durability, thermal stability, and
Sustainable Growth Drives Castor Oil Polyol Market to USD 418.8 Million by 2035 as Manufacturers Innovate for Green Industries
Sustainable Growth Drives Castor Oil Polyol Market to USD 418.8 Million by 2035 …
The castor oil polyol market is set to reshape the landscape of bio-based chemicals, growing from a value of USD 254.7 million in 2025 to USD 418.8 million by 2035. This represents a robust CAGR of 5.1% over the decade, with expansion driven by surging demand across chemical, automotive, construction, and coatings sectors. The market's early growth, spanning 2021 to 2025, reflects steady adoption as sustainable polyols substitute petroleum-based alternatives,
Global Fifth Wheel Coupling Market to Hit USD 1.2 Billion by 2035 Driven by Smart Fleet Innovations
Global Fifth Wheel Coupling Market to Hit USD 1.2 Billion by 2035 Driven by Smar …
The global Fifth Wheel Coupling Market continues to evolve as the logistics and transport sectors demand more efficient, safe, and smart towing systems. Valued at USD 547.3 million in 2020 and reaching USD 672.6 million by 2024, the market is projected to expand at a 6.0% CAGR from 2025 to 2035, ultimately achieving a valuation of USD 1,238.6 million. At the heart of this growth lies the critical role of fifth

All 5 Releases


More Releases for ERP

Healthcare ERP Market - Simplify, Optimize, Excel: Empowering Healthcare with ER …
Newark, New Castle, USA: The "Healthcare ERP Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors. Healthcare ERP Market: https://www.growthplusreports.com/report/healthcare-erp-market/8453 This latest report researches the industry structure, sales, revenue,
Chemical Manufacturing Software Market to Witness Huge Growth by Key Players: Fi …
ReportsnReports publishes the report titled Chemical Manufacturing Software that presents a 360-degree overview of the market under one roof. The report is developed with the meticulous efforts of an enthusiastic and experienced team of experts, analyts, and researchers that makes the report a valuable asset for stakeholders to make robust decisions. This report also provides an in-depth overview of product type, specification, technology, and production analysis considering vital factors like
ERP Integration with Big Data to Fuel ERP Market's Growth
Triton Market Research presents the Global Enterprise Resource Planning Market report segmented by Application (Supply Chain, Inventory Management, Finance, Customer Management, Human Resource (HR), Manufacturing Module, Other Applications), Enterprise Size (Small Enterprises, Large Enterprises, Medium Enterprises), Verticals (IT and Telecom, Retail, Banking, Financial Services, & Insurance (BFSI), Manufacturing, Military and Defense, Government, Healthcare, Other Verticals), and by Geography (Europe, Middle East and Africa, Latin America, Asia-Pacific, North America). The report
Apparel Business Management and ERP Software Market Outlook-by Major Company- Bl …
Summary According to our study, over the next 5 years the Apparel Business Management and ERP Software market will register a xx% CAGR in terms of revenue, the global market size will reach xx Million USD by 2026, from xx Million USD in 2020. In particular, It should be noted that the impact of the epidemic has accelerated the trend of localization, regionalization and decentralization of the global industrial chain and
Best ERP Software in India | Cloud Based ERP Software in India
ERP software systems are the best software systems that prove to be of great help in operations planning, administration and to optimize Internal Business Processes, Comprising of Manufacturing, Supply Chain, Finance, CRM, Human Resources as well as warehouse management. With the help of these solutions, a typical ERP software integrates the data and processes of an organization into a single unified system. Tech Cloud ERP Software Solutions offer the best ERP
Manufacturing ERP Market Outlook to 2025 - Oracle Corporation, SAP SE, Netsuite, …
An exclusive Manufacturing ERP Market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Manufacturing ERP Market by Type, By Application, By Region - North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report