CAGR of 9.96% in the enterprise resource planning software market

Analysis of the main players in the market

  • Acumatica Inc. – The company offers enterprise resource planning under the Acumatica Cloud ERP brand.
  • Epicor Software Corp. – The company offers enterprise resource planning and enterprise management platforms for bistrack, cms automotive, eagle and others.
  • IFS World Operations AB – The company offers agile enterprise resource planning software for customer relationship management, finance, human capital management, and more.

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Enterprise Resource Planning Software Market 2021-2025: Segmentation

  • Type
  • Geography
    • North America
    • Europe
    • APAC
    • AEM
    • South America

By type, the cloud-based segment will witness significant growth in its market share over the forecast period. The growth of this segment is driven by the low initial costs of cloud-based ERPs.

By geography, North America is expected to account for 34% of market growth over the forecast period. An increase in the need for business process efficiency and transparency through digital transformation will drive the growth of the ERP software market by North America during the forecast period.

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Drivers and Challenges

Enterprise Resource Planning Software Market is Driven by growing demand for ERP software from SMBs, growing demand for cloud-based applications, and increased operational efficiency associated with ERP software. However, factors such as increase in the number of cyberattacks on ERP software may hamper market growth.

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Enterprise Resource Planning Software Market Scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 9.96%

Market Growth 2021-2025

$24.69 billion

Market structure

Fragmented

Annual growth (%)

8.50

Regional analysis

North America, Europe, APAC, MEA and South America

Successful market contribution

North America at 34%

Main consumer countries

United States, Canada, China, United Kingdom and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Acumatica Inc., Epicor Software Corp., IFS World Operations AB, Koch Industries Inc., Microsoft Corp., Oracle Corp., Sage Group Plc, Salesforce.com Inc., SAP SE and ServiceNow Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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