Top Market Shifts Transforming the ERP Software Market Landscape: Key Insights

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the ERP Software Market Through 2025?
The market size for ERP software has experienced significant growth over the past few years. Its value is projected to escalate from $149.53 billion in 2024 to $165.55 billion in 2025, with a compound annual growth rate (CAGR) of 10.7%. Factors that can be credited for the growth during the historic period include optimization of business processes, the necessity for integration, replacement of outdated systems, regulatory compliance, and global expansion.

What's the Projected Size of the Global ERP Software Market by 2029?
The market size of ERP software is predicted to experience a swift expansion in the forthcoming years, reaching $242.89 billion in 2029, accompanied by a compound annual growth rate (CAGR) of 10.1%. The surge during the projected period is due to factors such as adoption of cloud ERP, digital conversion, the practice of mobile and remote work, AI and automation, and user-friendly interface. Key trends to watch over the forecast span involve cloud ERP acceptance, mobile ERP, integration of IoT, SaaS ERP, and blockchain integration.

View the full report here:
https://www.thebusinessresearchcompany.com/report/erp-software-global-market-report

Top Growth Drivers in the ERP Software Industry: What's Accelerating the Market?
The anticipated growth of the enterprise resource planning (ERP) software market is largely driven by the escalating boom in the e-commerce sector. This sector includes all transactions for goods and services conducted electronically or through the internet. The provision of real-time updates and data to customers by ERP software enhances the sales process and minimizes potential dissatisfaction. For example, data from the United States Census Bureau, a government agency, in August 2023 showed that retail e-commerce sales in the US for the second quarter of 2024 reached $291.6 billion. This marks a 1.3% growth from the previous quarter and a 6.7% increase from the same period in 2023. Meanwhile, the estimated total retail sales were $1,826.9 billion, showing a 0.5% augmentation from the first quarter and a 2.1% year-on-year growth, with e-commerce making up 16.0% of overall sales. Hence, the uptick in the e-commerce industry serves as a critical driving factor for the expansion of the ERP software market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2377&type=smp

What Trends Will Shape the ERP Software Market Through 2029 and Beyond?
The ERP software market is currently observing the emergence of a new trend, which is the infusion of block chain technology into ERP. Block chain refers to a time-ordered series of data managed by a network of computers that belong to various stakeholders, and each segment of data is encrypted for added security. To offer more value to their clientele, ERP providers must update their software accordingly. Incorporating block chain into ERP will result in a secure space for collaboration, enabling records to be conveniently shared with trusted parties. As an instance, software company SAP is probing into potential methods for effective implementation of block chain into its existing ERP, with an aim to enhance 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=2377&type=smp

Which Top Companies are Driving Growth in the ERP Software Market?
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

Which Regions Will Dominate the ERP Software Market Through 2029?
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

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2377

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.