Enterprise Resource Planning Technologies Market Trend, Share, Growth, Size, Analysis, Forecast 2032

Enterprise Resource Planning Technologies Market Overview

The global Enterprise Resource Planning Technologies market size accrued earnings worth approximately USD 56.15 Billion in 2023 and is predicted to gain revenue of about USD 120.95 Billion by 2032, is set to record a CAGR of nearly 8.9% over the period from 2024 to 2032.

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Assessment of enterprise resource planning technologies market dynamics gives a brief insight into the drivers and restraints along with the impact they have on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the enterprise resource planning technologies market on a global level.

The report gives a transparent view of the enterprise resource planning technologies market. We have included a detailed competitive scenario and portfolio of leading vendors operative in the enterprise resource planning technologies market. To understand the competitive landscape in the enterprise resource planning technologies market, an analysis of Porter’s Five Forces model has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

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Enterprise Resource Planning Technologies Market Growth Dynamics

The increasing use of the internet and growing competition among various retailers for offering their products and services online is driving the global enterprise resource planning technologies market. An enterprise resource planning system helps retailers in planning, streamlining store operations, managing inventory effectively, and customer retention. Digitalization in various developing countries is fuelling the demand for enterprise resource planning solutions. In 2017, global e-commerce sales were nearly USD 2.3 trillion as compared to USD 1.3 trillion in 2014. This upsurge was due to the increasing use of various mobile applications for online shopping. Thus, it is projected that the retail sector is likely to contribute significantly toward the enterprise resource planning technologies market over the forecast timeframe.

Emerging countries in the Asia Pacific region, such as India and China, are in the process of data digitalization. Government initiatives to use technology in providing services to its citizens will propel the market. The “Digital India” initiative taken by the Indian government witnessed increased investments in 2017 as compared to the overall investments made in 2016. Investments made in the first nine months of 2017 were USD 7.4 billion as compared to about USD 4.5 billion in 2016. Thus, the global enterprise resource planning technologies market is likely to grow over the estimated time period. However, combining data in case of acquisition might hinder the future of enterprise resource planning technology vendors and service providers. It is expected that the automation of various manufacturing processes is projected to open new avenues for the enterprise resource planning technologies market in the future.

Enterprise Resource Planning Technologies Market: Report Scope

Enterprise Resource Planning Technologies Market Segmentation Analysis

The study provides a crucial view of the enterprise resource planning technologies by segmenting the market based on deployment, application, organization size, end-use industry, and region. All the segments of enterprise resource planning technologies market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By deployment, the global enterprise resource planning technologies market is bifurcated into cloud, on-premises, and hybrid.

By application, this global market is divided into customer relationship management, supply chain management, supplier relationship management, finance and accounting management, human resource management, risk management, project portfolio management, and manufacturing.

By organization size, the global enterprise resource planning technologies market is bifurcated into small- and medium-sized enterprises (SMEs) and large enterprises. IT and telecom, BFSI, government sector, retail, manufacturing, healthcare, transportation, and others form the end-user industry segment of global enterprise resource planning technologies market.

This market’s regional segmentation comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe with its further division into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, South Korea, India, Brazil, and Argentina, among others.

North America is likely to hold a considerable share of the global enterprise resource planning technologies market over the forecast timeframe, owing to the flourishing IT industry in the U.S and the presence of established market players in the region. Various government initiatives to promote digitalization are also likely to drive this regional market. Asia Pacific enterprise resource planning technologies market is anticipated to register substantial growth over the forecast timeline. China and India are expected to be the major regional contributors.

Some of the major players operating in the global enterprise resource planning technologies market are

• Oracle Corporation
• Microsoft Corporation
• IBM Corporation
• SAP SE
• Infor
• Sage Group Plc
• NetSuite Inc.
• SYSPRO
• Unit4
• and TOTVS S.A., among others.

This report segments the global enterprise resource planning technologies market into:

Global Enterprise Resource Planning Technologies Market: Deployment Segments

• Cloud
• On-Premises
• Hybrid

Global Enterprise Resource Planning Technologies Market: Application Segments

• Customer Relationship Management
• Supply Chain Management
• Supplier Relationship Management
• Finance & Accounting Management
• Human Resource Management
• Risk Management
• Project Portfolio Management
• Manufacturing

Global Enterprise Resource Planning Technologies Market: Organization Size Segments

• Small- and Medium-Sized Enterprises (SMEs)
• Large Enterprises

Global Enterprise Resource Planning Technologies Market: End-Use Industry Segments

• IT & Telecom
• BFSI
• Government Sector
• Retail
• Manufacturing
• Healthcare
• Transportation
• Others

Global Enterprise Resource Planning Technologies Market: Regional Segments

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa