Press release
Global Discrete ERP Market is projected to reach the value of $ 13.18 Billion by 2030
According to the report published by Virtue Market Research in 2024, the Global Discrete ERP Market was valued at $ 5.93 Billion, and is projected to reach a market size of $ 13.18 Billion by 2030. Over the forecast period of 2025-2030, market is projected to grow at a CAGR of 10.5 %.Request Sample Copy of this Report @ https://virtuemarketresearch.com/report/discrete-erp-market/request-sample
The global discrete ERP market is a dynamic and evolving landscape, driven by various long-term and short-term factors. One of the key long-term drivers of this market is the increasing demand for streamlined and efficient business operations. Discrete ERP systems help organizations in the manufacturing and distribution sectors manage their resources, production processes, and supply chains more effectively. However, the market faced challenges due to the COVID-19 pandemic, which disrupted supply chains and led to a decline in demand for ERP systems as businesses focused on cost-cutting measures.
In the short term, the market is being driven by the growing adoption of cloud-based ERP solutions. Cloud-based ERP systems offer greater flexibility, scalability, and cost-effectiveness compared to traditional on-premise solutions. This presents a significant opportunity for ERP vendors to expand their customer base and cater to the evolving needs of businesses. Additionally, the trend of digital transformation is driving the demand for ERP systems that can integrate with other digital technologies such as IoT, AI, and analytics.
One of the key trends observed in the industry is the focus on industry-specific ERP solutions. As businesses become more specialized and focused on niche markets, the demand for ERP systems that are tailored to specific industries is growing. This trend is driven by the need for ERP systems that can address the unique challenges and requirements of different industries, such as automotive, aerospace, electronics, and pharmaceuticals. Industry-specific ERP solutions offer greater functionality and customization options, allowing businesses to optimize their operations and gain a competitive edge.
Segmentation Analysis:
The global Discrete ERP Market segmentation includes:
By Deployment Model: Cloud-Based, On-Premises
In 2022, the on-premises segment held the highest market share in the global discrete ERP market. This growth is attributed to the advantages that the on-premises deployment model offers, such as continuous control and robust data security within organizations. These advantages are anticipated to drive the growth of the on-premises segment in the future. Additionally, in several emerging nations, there is a need for greater awareness regarding the benefits of cloud-based solutions in business, which is fostering the adoption of on-premises solutions. Moreover, in emerging markets where conventional approaches to supply chain management and other business operations are prevalent, with limited automation and technological utilization, the on-premises segment is also projected to experience growth.
The cloud-based segment is expected to be the fastest-growing in the global discrete ERP market. This growth is driven by factors such as the increasing adoption of cloud-based solutions among businesses of all sizes, including small and medium-sized enterprises (SMEs) and large enterprises. Cloud-based ERP solutions offer greater flexibility, scalability, and cost-effectiveness compared to on-premises solutions, which is driving their adoption. Additionally, the trend of digital transformation and the need for remote access to ERP systems are also fueling the growth of the cloud-based segment.
By Organization Size: Small and Medium-sized Enterprises, Large Enterprises
The large enterprises segment held the highest market share in the global discrete ERP market in 2022. This growth is attributed to the increasing demand for discrete ERP solutions among large enterprises to effectively manage and synchronize complex processes like production planning, inventory management, procurement, order fulfillment, and shipping, among others. The substantial spending capacity of large-sized enterprises on adopting advanced technology and software solutions further fuels the adoption of cloud-based discrete ERP software in the market.
The small and medium-sized enterprises (SMEs) segment is expected to be the fastest-growing in the global discrete ERP market. This growth is driven by factors such as the increasing awareness among SMEs about the benefits of ERP solutions in improving operational efficiency and reducing costs. Additionally, the availability of cloud-based ERP solutions that are specifically designed for SMEs is also driving the adoption of ERP systems among this segment.
By Industry Vertical: Automotive, Aerospace and Defense, Construction, Consumer Goods, Electronics and Electrical Components, Manufacturing, Metal Casting, Textiles, Others
The manufacturing segment held the highest market share in the global discrete ERP market in 2022. This growth is attributed to the benefits offered by ERP software in managing various operational aspects in the manufacturing industry. ERP solutions effectively monitor daily operations, track performance metrics, and enhance customer service, which is anticipated to propel demand in the future. The ease of inventory management, production scheduling, and real-time data tracking provided by ERP software are also vital factors contributing to the segment's growth.
The aerospace and defense segment is expected to be the fastest-growing in the global discrete ERP market. This growth is driven by factors such as the increasing demand for advanced ERP solutions in the aerospace and defense industry to streamline operations, improve efficiency, and comply with stringent regulations. Additionally, the growing focus on digital transformation and the adoption of Industry 4.0 technologies in the aerospace and defense sector are also driving the demand for ERP systems among this segment.
Read More @ https://virtuemarketresearch.com/report/discrete-erp-market
Regional Analysis:
North America dominated the global discrete ERP market in 2022. The region's growth is driven by factors such as the rising adoption of discrete ERP software by small and medium-sized businesses (SMBs) and the increasing investments by ERP vendors in software development with cutting-edge technologies. Furthermore, North America is home to several prominent market players, including Oracle Corporation, Microsoft Corporation, Acumatica, Inc., Infor, Inc., and Epicor Software Corporation.
Asia-Pacific is anticipated to expand at the quickest rate over the forecast period 2023-2030 owing to several factors. These include the flourishing manufacturing sector, the rising number of small and medium enterprises to boost productivity and overall performance, the increasing government initiatives and support for the implementation of IT infrastructure, and the strong presence of significant market players, including Tally Solutions Pvt. Ltd., 3i Infotech Ltd., and ACTouch Technologies Pvt. Ltd.
Latest Industry Developments:
1. Focus on Cloud-Based Solutions: Companies in the discrete ERP market are increasingly focusing on cloud-based solutions to enhance their market share. Cloud-based ERP systems offer greater flexibility, scalability, and cost-effectiveness compared to traditional on-premise solutions. Recent developments in cloud technology, such as improved security and integration capabilities, have made cloud-based ERP systems more attractive to businesses. Companies are forming collaborations and partnerships with cloud service providers to offer innovative cloud-based ERP solutions to their customers, thereby enhancing their market share.
2. Industry-Specific Solutions: Another trend observed in the discrete ERP market is the development of industry-specific ERP solutions. Companies are customizing their ERP systems to meet the specific needs of different industries, such as automotive, aerospace, and manufacturing. These industry-specific solutions offer greater functionality and customization options, making them more attractive to businesses in those industries. Companies are collaborating with industry experts and consultants to develop these specialized ERP solutions, thereby gaining a competitive edge and enhancing their market share.
3. Focus on Customer Experience: Companies in the discrete ERP market are placing a greater emphasis on improving the customer experience. This includes offering user-friendly interfaces, providing comprehensive training and support, and ensuring seamless integration with other business systems. Companies are forming partnerships with customer experience experts and investing in customer feedback mechanisms to continuously improve their ERP systems based on customer needs and preferences. By focusing on enhancing the customer experience, companies are able to differentiate themselves in the market and attract more customers, thereby enhancing their market share.
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