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Primary Catalyst Driving ERP Software Market Evolution in 2025: Expanding E-Commerce Drives Growth In The Enterprise Resource Planning (ERP) Software Market Driver
ERP Software Market Research
The market size of ERP software has seen a quick expansion in the past few years. The market is projected to rise from the 2024 value of $149.53 billion to reach $165.55 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.7%. The historic period's growth can be connected to factors such as optimization of business processes, integration demands, substitution of legacy systems, compliance with regulations, and worldwide expansion.
The market size for ERP software is anticipated to witness a significant increase in the upcoming years, reaching a value of $242.89 billion by 2029 with a compound annual growth rate (CAGR) of 10.1%. This is largely due to a surge in cloud ERP adoption, digital transformation, mobility and remote operations, AI and automation, as well as user-friendly interfaces during the forecast period. Key trends projected within this timeframe are the adoption of cloud ERP, mobile ERP, IoT integration, SaaS ERP, and the incorporation of blockchain technology.
What Is Stimulating Growth in the ERP Software Market?
The expansion of the e-commerce industry is anticipated to fuel the progression of the enterprise resource planning (ERP) software market. The term e-commerce encompasses the purchasing and selling of goods and services digitally or via the internet. ERP software has the capability to deliver continuous data and updates to consumers, thereby keeping them up-to-date throughout the transaction and preventing possible annoyances. As an example, records from the United States Census Bureau, a government entity based in the US, show that in the second quarter of 2024, U.S. retail e-commerce sales amounted to $291.6 billion. This represents a 1.3% growth from the prior quarter and a 6.7% increment from the corresponding period in 2023. Meanwhile, overall retail sales were calculated to be $1,826.9 billion, signifying a 0.5% increment from the initial quarter and a 2.1% increment compared to the previous year. The e-commerce sector contributed to 16.0% of total sales. Hence, the escalating e-commerce industry is propelling the ERP software market's growth.
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Which Key Market Leaders Are Driving ERP Software Industry Growth?
Major companies operating in the ERP software market include SAP SE, Oracle Corporation, Microsoft Corporation, Epicor Software Corporation, Infor, Sage Intacct Inc., NetSuite Inc., IFS AB, Syspro Technologies, Brightpearl Limited, FinancialForce, Dolibarr ERP CRM, Awery Software FZ LLC, WP ERP, Kechie ERP, Stafiz, BatchMaster Software Pvt Ltd., Intuit Inc., Fidelity National Information Services Inc., Finserv Inc., Cerner Corporation, SS&C Technology Holdings Inc., Constellation Software Inc., Odoo, Lawson, Consona Corp, Activant Solutions Pvt Ltd., QAD Inc., Kronos Incorporated, International Business Machines Corporation
What Are the Emerging Trends in the ERP Software Industry?
The latest trend witnessed in the ERP software market is the fusion of block chain technology with ERP. Block chain represents a chronological sequence of data operated by multiple devices owned by different entities, each data block being safeguarded by a cryptographic code. To present their clients with the highest value, it's vital for ERP providers to retain up-to-date software. By merging ERP with block chain, a secure platform facilitating collaboration is established, permitting systems of records to be shared freely with trusted parties. A case in point is SAP, a software organization, who are investigating methods to efficiently instate block chain into its current ERP. The aim is to utilize block chain integration with ERP to refine 3D printing and digital manufacturing.
What Are the Main Segments in the ERP Software Market?
The ERP software market covered in this report is segmented -
1) By Function: Finance, HR, Supply Chain, Other Functions
2) By Deployment: On Premise ERP, Cloud ERP
3) By Vertical: Manufacturing And Services, BFSI, Healthcare, Retail, Government Utilities, Aerospace And Defense, Telecom, Other Verticals
Subsegments:
1) By Finance: Financial Management, Accounting And Financial Reporting, Budgeting And Forecasting, Accounts Payable Or Receivable, Treasury And Cash Management
2) By HR (Human Resources): Payroll Management, Recruitment And Onboarding, Employee Performance Management, Learning And Development, Benefits And Compensation Management
3) By Supply Chain: Inventory Management, Procurement And Sourcing, Order Management, Supplier Relationship Management, Demand Planning And Forecasting
4) By Other Functions: Customer Relationship Management (CRM), Sales And marketing Management, Production Planning And Scheduling, Project Management, Business Analytics And Reporting
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Which Geographic Area Leads the ERP Software Market?
Asia-Pacific was the largest region in the ERP software market in 2023. North America was the second largest region in the ERP software market. The regions covered in the erp software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The ERP Software Global Market Report?
- Market Size Analysis: Analyze the ERP Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the ERP Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall ERP Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the ERP Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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