Meticulous Research®—a leading global market research company, published a research report titled, ‘Enterprise Resource Planning Market by Module (Finance and Accounting Module, Human Capital Management), Enterprise Size (Medium Enterprises, Small Enterprises), Deployment Mode (Cloud-based ERP, On-premise ERP), Sector, and Geography - Global Forecast to 2030.’
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The ERP market is set to reach a valuation of $90.7 billion by 2030, with an impressive CAGR of 14.4% projected from 2023 to 2030. This growth is largely driven by the growing need for enhanced operational efficiency and transparency in business processes. The increasing adoption of ERP software for data-driven decision-making and the rise of mobile and cloud applications further support market expansion. However, challenges such as the availability of open-source alternatives and high upfront and maintenance costs remain. Meanwhile, the rising demand for cloud-based ERP solutions among small and medium-sized enterprises, coupled with government-led digitization initiatives, presents lucrative opportunities. Nonetheless, concerns over security threats to cloud-based ERP systems pose a significant hurdle to market growth.
The global ERP market is meticulously segmented by module, enterprise size, deployment mode, sector, and geography, providing a detailed analysis of industry dynamics at both regional and country levels.
Key Players:
Leading companies in the global ERP market include SAP SE, Oracle Corporation, Microsoft Corporation, Sage Group plc, Infor Equity Holdings LLC, Hewlett Packard Enterprise (HPE) Company, Epicor Software Corporation, NetSuite, Inc., International Business Machines Corporation (IBM), Tyler Technologies, Ramco Systems, Acumatica, Inc., Workday, Inc., and Deltek, Inc.
Module:
The ERP market is divided into modules such as finance and accounting, human capital management, sourcing and procurement, sales, manufacturing, logistics and supply chain management, customer service, R&D and engineering, enterprise asset management, and others.
Enterprise Size:
The market categorizes enterprises into large, medium, and small. Large enterprises are expected to hold the largest market share due to the demand for robust, AI-enhanced ERP systems to streamline global operations. Conversely, small enterprises are projected to experience the highest growth rate during the forecast period.
Deployment Mode:
Deployment modes include cloud-based, on-premise, and hybrid ERP solutions. Cloud-based deployments are predicted to lead the market owing to their cost-effectiveness and mobile device compatibility. However, hybrid ERP solutions are anticipated to show the highest growth rate, combining the advantages of both on-premise and cloud-based models.
Sector:
The sector-wise segmentation covers industries such as BFSI, energy & utilities, telecommunications, education, healthcare, HORECA, pharmaceuticals, consumer electronics, automotive, aerospace & defense, life sciences, professional services, oil and gas, and others. The automotive sector is expected to hold the largest market share, driven by ERP software's role in optimizing production processes and inventory management.
Geography:
Geographically, the analysis includes Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America is expected to lead the market due to widespread ERP adoption across businesses of all sizes. However, the Asia-Pacific region is forecasted to witness the highest growth rate during the forecast period, driven by increasing access to ERP functionalities via smartphone applications.
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