Home About Us Services Industry Research Store Resources Contact us

ERP Software Market

Published Date : Jun 2024 | Forecast Year : 2019

UP TO 30 % OFF

Single User License

10% OFF

Team License

15% OFF

Corporate License

30% OFF
Book before: 31st Mar 2024

ERP Software Market Size, Share, Industry Trends, Segmentation Analysis By Type (On-Premise ERP, Cloud-Based ERP, Hybrid ERP) By Application (Finance and Accounting, Human Resource Management, Supply Chain Management, Customer Relationship Management (CRM), Inventory Management) Growth, Demand, And Forecast 2024-2032

Report ID: AG829

Published : Jun 2024

Pages : 155

Format : ERP Software Market

MARKET SIZE (2032)USD 80.9 billion
MARKET SIZE (2023)USD 45 billion
CAGR (2023-2029)6.73%
Cloud-Based ERP
Hybrid ERP
BY APPLICATIONFinance and Accounting
Human Resource Management
Supply Chain Management
Customer Relationship Management (CRM)
Inventory Management
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSSAP, Oracle, Microsoft, Infor, Epicor, Sage, Workday, Unit4, IFS, Acumatica, Syspro, QAD, NetSuite, Plex Systems, Deltek, Odoo, Ramco Systems, Epicor Software, SYSPRO, Infor CloudSuite.

Market outlook: 

The ERP software market, which was estimated to be worth $45 billion in 2023, is poised to grow significantly over the next decade. This market is projected to reach $80.9 billion by 2032 and is growing at a strong CAGR of around 6.73%. This growth trajectory highlights the increasing adoption of ERP solutions across industries driven by the need to streamline operations, improve productivity and improve decision making. Integration of modern technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Internet of Things (IoT) into ERP systems is also a major driver of market growth. In addition, the demand for cloud-based ERP solutions that offer greater flexibility and scalability is expected to drive market growth. As businesses continue to prioritize digital transformation, the ERP software market is expected to continue to grow, reflecting its critical role in modern business management.

ERP Software Market

Size, by Product, - (USD Billion)

On-Premise ERP

Cloud-Based ERP

Hybrid ERP

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:


The Forecast Market

Size for in USD:

$80.9 billionB


Key players:

  1. SAP

  2. Oracle

  3. Microsoft

  4. Infor

  5. Epicor

  6. Sage

  7. Workday

  8. Unit4

  9. IFS

  10. Acumatica

  11. Syspro

  12. QAD

  13. NetSuite

  14. Plex Systems

  15. Deltek

  16. Odoo

  17. Ramco Systems

  18. Epicor Software

  19. SYSPRO

  20. Infor CloudSuite

Competitive Analysis:

Competition in the ERP software market is characterized by the presence of many key players, each competing for market share through innovative solutions and strategic initiatives. The market is led by giants like SAP, Oracle and Microsoft, which are known for their comprehensive and versatile ERP offerings that address various industry needs. Companies such as Infor, Epicor and Sage continue to strengthen their market positions with specialized ERP systems tailored to specific industries. The cloud-based ERP segment is particularly dynamic as players such as Workday, Acumatica and NetSuite are gaining momentum thanks to their scalable and flexible solutions. Emerging competitors such as Odoo and Ramco Systems are also making significant strides with cost-effective and user-friendly platforms. The competitiveness of the market is strengthened by continuous developments in the field of artificial intelligence, Internet of Things and machine learning, which encourages constant innovation. Strategic partnerships, acquisitions and geographic expansion are common strategies of these companies to improve their competitive advantage and expand their market area..

Recent Developments:

San Francisco Jun 04, 2024 SAS, a leader in data and AI, today announced at Snowflake’s annual user conference, Snowflake Data Cloud Summit 2024, that it has begun the private preview of SAS Data Maker in Snowflake Marketplace. In the latest addition to SAS Data Maker previews, the offering as a Snowflake Native App will provide powerful synthetic data generation experiences that users can trust, natively within joint customers’ Snowflake accounts.

Austin, Texas—June 24, 2024 Oracle has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Analytics and Business Intelligence Platforms. Oracle was recognized based on its Ability to Execute and Completeness of Vision. A complimentary copy of the report is available here.

ERP Software Market

Share, by end user, (USD Billion)

Analytica Global 45 billion%




IT and Telecom

Other End-Users


80.9 billion

Total Market Size

USD (Billion),




Market segmentation:

By Type:

On-Premise ERP: These systems are installed locally on a company's own servers and infrastructure. They offer full control over data and customization but require significant upfront investment and ongoing maintenance.

Cloud-Based ERP: These solutions are hosted on the vendor's servers and accessed via the internet. They offer greater flexibility, scalability, and lower upfront costs, with the vendor handling maintenance and updates.

Hybrid ERP: Combines elements of both on-premise and cloud-based ERP, allowing businesses to transition to the cloud at their own pace while maintaining certain applications on-premise.

By Application:

Finance and Accounting: Manages financial transactions, accounts payable/receivable, budgeting, and financial reporting.

Human Resource Management: Handles employee data, payroll, recruitment, training, and performance management.

Supply Chain Management: Oversees procurement, inventory, logistics, and supplier relationships to streamline operations.

Customer Relationship Management (CRM): Manages customer interactions, sales processes, and marketing campaigns to enhance customer satisfaction and loyalty.

Inventory Management: Tracks and manages inventory levels, orders, sales, and deliveries.

By End User:

Manufacturing: ERP systems optimize production processes, manage supply chains, and ensure quality control.

Retail: Helps manage inventory, sales, customer relationships, and supply chains.

Healthcare: Facilitates patient records management, billing, supply chain logistics, and regulatory compliance.

BFSI (Banking, Financial Services, and Insurance): Manages financial transactions, customer data, compliance, and risk management.

IT and Telecom: Supports service management, customer support, billing, and resource planning.

Government and Public Sector: Streamlines administrative processes, budgeting, procurement, and citizen services.

ERP Software Market

Size, by Product, - (USD Billion)


The Market will Grow

At the CAGR of:


The Forecast Market

Size for in USD:

$80.9 billionB


Regional Analysis:

North America is the dominant region:

North America is the most dominant region in the ERP software market due to high adoption rate and strong presence of major industry players such as SAP, Oracle and Microsoft. The region's advanced IT infrastructure supports the smooth implementation and integration of complex ERP systems for the needs of both large enterprises and SMEs. North American companies are pioneers in the adoption of innovative business practices and digital transformation projects, which greatly increases the demand for ERP solutions aimed at improving and simplifying operations. In addition, the strong economic environment of the United States and Canada creates a favorable environment for the growth of the ERP market. The region's strong focus on cloud computing, with many companies transitioning from on-premises ERP solutions to cloud-based ERP solutions, further strengthens North America's leadership in the global ERP software market.

Porter’s Analysis:

Threat of new entrants: The ERP market requires large investments in research and development, infrastructure and customer support, creating barriers to entry. Established brands like SAP and Oracle benefit from strong brand loyalty and high customer switching costs.

Bargaining Power of Suppliers: Suppliers in the ERP software market, such as technology providers and data centers, have relatively low bargaining power due to multiple software options and technological advances.

Bargaining Power of Buyers: Customers in the ERP market have moderate to high bargaining power due to their ability to compare offers, negotiate prices and choose between different deployment models (cloud, on-premises, hybrid) and customization elections.

Threat of Substitute Products or Services: Substitute products include custom ERP solutions, industry-specific software, and integrated business software. Despite these capabilities, ERP systems provide extensive functionality to meet the diverse needs of an organization and limit immediate risk.

Industry Competition: Fierce competition among major players such as Microsoft, Infor and Salesforce drives innovation, product differentiation and competitive pricing strategies. This competition encourages continuous development of ERP technology and services that benefit customers, but also increases pressure on profitability and market share.

Key Benefits to Stakeholders:

  • ERP Software Market analysis includes in-depth information on major industry players.

  • Porter's five forces analysis helps to analyze the potential of buyers and suppliers and the competitive situation of the industry in strategy formulation.

  • The report includes an in-depth analysis of the ERP Software Market forecast from 2024 to 2032.

  • The report highlights the current global chlorine dioxide trends and the future scenario of the ERP Software Market from 2024 to 2032 to understand prevailing opportunities and potential investment pockets.

  • Key drivers, restraints, and opportunities along with their detailed impact analysis are explained in the ERP Software Market study.

Key Market Drivers:

Digital Transformation: Companies across industries are increasingly adopting digital transformation initiatives, which is driving the demand for ERP systems to automate processes, improve efficiency and enable data-driven decision making.

Cloud Implementation: The shift to cloud-based ERP solutions continues to accelerate, offering scalability, cost-effectiveness and improved accessibility compared to traditional on-premise implementations.

Artificial Intelligence and IoT Integration: Integrating artificial intelligence (AI) and the Internet of Things (IoT) into ERP systems improves predictive analytics, automation and real-time data, allowing companies to optimize operations and innovate faster.

Globalization: Multinational companies need ERP solutions that support complex global operations, including managing multiple currencies, regulatory compliance and standardized processes across regions.

ERP Software Market TO (USD BN)

ERP Software Market



ERP Software Market

Analytica Global 80.9 billion%

Key Opportunities:

Cloud Adoption: Continued shift from on-premise ERP solutions to cloud-based solutions driven by benefits such as scalability, cost-effectiveness and accessibility.

Integration with emerging technology: Use artificial intelligence (AI), machine learning (ML), Internet of Things (IoT) and analytics to enhance ERP capabilities for predictive insight, automation and real-time decision making.

Industry-Specific Solutions: Developing custom ERP solutions in specialized industries such as healthcare, retail and manufacturing to meet specific regulatory requirements, operational challenges and customer requirements.

Global expansion: Expanding ERP offerings to emerging markets in Asia Pacific, Latin America and Africa, where digital transformation initiatives are accelerating and demand for business solutions is growing.

Improved user experience: Innovative user interfaces, mobile usability and intuitive features improve user adoption and satisfaction, increasing the value proposition of ERP systems.

Key Limitations:

High implementation costs: ERP systems often require significant upfront investments in software licenses, hardware, customization and implementation services, which can be prohibitive for small and medium-sized enterprises (SMEs).

Complex implementation processes: Implementation of ERP systems is complex and time-consuming, involving data migration, process redesign and extensive training. This complexity can cause delays, cost overruns and business interruptions.

Integration Issues: Integrating ERP systems with existing IT infrastructure and legacy systems can be difficult, especially in large companies with disparate IT environments. Poor integration can lead to information silos and inefficiencies.

Limitations on customization: Although ERP systems offer extensive customization options, making significant changes to core functionality can be expensive and time-consuming. This limitation can prevent organizations from fully aligning ERP systems with their business processes.


In conclusion, the ERP software market offers promising prospects and significant growth opportunities driven by digital transformation, cloud-based adoption and integration with advanced technologies such as artificial intelligence and the Internet of Things. Major industry players such as SAP, Oracle and Microsoft continue to drive innovation and strategic expansion. Despite these opportunities, challenges such as high implementation costs, complex integration processes and personnel limitations remain significant barriers, especially for SMEs. Addressing these challenges is critical to unlocking the full potential of ERP systems to streamline operations and support global business expansion. As the market evolves, leveraging industry-specific solutions and improving the user experience will further enhance the value proposition of ERP software, ensuring continued growth and competitiveness in a dynamic global environment.

ERP Software Market - Global Outlook & Forecast 2024-2029

Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global

License Type

Single User

US$ 3350

Multi User

US$ 4950

Corporate User

US$ 6950

Get Sample to Email


Want to know more about the report or any specific requirement?


Our Clients Speak

We asked them to research ‘Ag equipment market’ all over the world, and their whole arrangement was helpful to us. Mordor Intelligence’s insightful analysis and reports contributed to our current analysis and in creating a future strategy. Besides, the te

Yosuke Mitsui

Senior Associate Construction Equipment Sales & Marketing

We asked them to research ‘Ag equipment market’ all over the world, and their whole arrangement was helpful to us. Mordor Intelligence’s insightful analysis and reports contributed to our current analysis and in creating a future strategy. Besides, the te

Yosuke Mitsui

Senior Associate Construction Equipment Sales & Marketing

Why choose us


We manage our resources 24/7 to identify issues and address them before they become problems

Quality & Reliability

We are committed to providing reliable and highly accurate data with an excellent quality control system

Global Outreach

6 Major regions and 40+ countries level analysis accomplished

Competitive Pricing

Our pricing strategy is highly competitive in the market, without compensating on the quality and the timeline of project delivery