Global Enterprise Resource Planning Software Market | Technavio estimates incremental growth of $19.52 billion over 2020-2024

LONDON–(BUSINESS WIRE)–The enterprise resource planning software market is expected to grow USD 19.52 billion, growing at a CAGR of nearly 9% during the forecast period.

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The increasing concentration of modern SMEs is one of the major factors propelling the growth of the market. However, factors such as the growing threat of open source software will hamper growth.

More details:

Enterprise Resource Planning Software Market: Type of Landscape

By type, the market witnessed maximum growth in the cloud-based ERP software segment in 2019. The segment is driven by low upfront costs of cloud-based ERP solutions, which encourages SMBs to invest in new such solutions. Market growth in the segment will be significant over the forecast period.

Enterprise Resource Planning Software Market: Geographic Landscape

By geography, North America will witness lucrative growth over the forecast period. Around 34% of the overall market growth is expected to come from North America. Factors such as increasing need for business process efficiency and transparency through digital transformation are crucial in driving the growth of the market in North America.

The United States and Canada are the top markets for enterprise resource planning software in North America. However, market growth in this region will be slower than market growth in other regions.

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Companies covered:

  • Acumatica inc.

  • Epicor Software Corp.

  • IFS AB

  • info inc.

  • Microsoft Corp.

  • Oracle Corp.

  • Sage Group Plc

  • Inc.

  • SAP SE

  • ServiceNow Inc.

What our reports offer:

  • Market share assessments for regional and country segments

  • Strategic recommendations for new entrants

  • Covers market data for 2019, 2020, through 2024

  • Market Trends (Drivers, Opportunities, Threats, Challenges, Investment Opportunities and Recommendations)

  • Strategic recommendations in key business segments based on market estimates

  • Competitive landscaping mapping key common trends

  • Company profiling with detailed strategies, financials and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio offers three forecast scenarios (optimistic, probable and pessimistic) considering the impact of COVID-19. Technavio’s extensive research has had a direct and indirect impact on market research reports on COVID-19.

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Main topics covered:


Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market Outlook: Forecast for 2019 – 2024

Five forces analysis

  • Summary of the five forces

  • The bargaining power of buyers

  • Bargaining power of suppliers

  • The threat of new entrants

  • The threat of substitutes

  • Threat of rivalry

  • Market state

Market segmentation by type

  • Market segments

  • Comparison by type

  • Cloud-based – Market size and forecast 2019-2024

  • On-site – Market size and forecast 2019-2024

  • Market Opportunity by Type

Customer landscape

Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • North America – Market size and forecast 2019-2024

  • Europe – Market size and forecast 2019-2024

  • APAC – Market size and forecast 2019-2024

  • MEA – Market size and forecast 2019-2024

  • South America – Market size and forecast 2019-2024

  • Main leading countries

  • Market Opportunity by Geography

  • Market Drivers – Demand Driven Growth

  • Market challenges

  • Market trends

Supplier Landscape

  • Supplier Landscape

  • Landscape disturbance

Vendor analysis

  • Suppliers Covered

  • Positioning on the supplier market

  • Acumatica inc.

  • Epicor Software Corp.

  • IFS AB

  • info inc.

  • Microsoft Corp.

  • Oracle Corp.

  • Sage Group Plc

  • Inc.

  • SAP SE

  • ServiceNow Inc.


  • Report scope

  • Currency conversion rates for the US dollar

  • Research methodology

  • Abreviations list

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.