Global ERP Software Market Research Report— Forecast till 2026

Global ERP Software Market Research Report— Forecast till 2026

$4450 – $6250

The global ERP Software Market is expected to register a CAGR of 8.2% to reach USD 66,389.7 million during the review period.

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Description

Global ERP Software Market Research Report— Forecast till 2026

Market Overview
The global ERP Software Market is expected to register a CAGR of 8.2% to reach USD 66,389.7 million during the review period. The Enterprise resource management software is used to improve business performance and to detect and remove issues such as unnecessary assets. The global ERP software market is attributed to the adoption of advanced technologies such as IoT, AI, and Big Data Analytics. However, the effect of the COVID-19 pandemic is expected to impact positively on the Global ERP Software Market during the forecast period.
The global ERP Software Market Research is anticipated to exhibit notable market growth during the forecast period owing to the rising adoption of cloud & mobile applications. The global market growth is driven by the rising use of ERPs, in small and medium-sized enterprises to attain increased collaboration, simplified compliance, productivity, and risk management. Furthermore, the various advantages of integrating ERP software with wearable technology, such as information transfer in real-time, minimized errors, real-time access to data, and faster decision-making are set to create various lucrative opportunities for market development. However, the global market growth is expected to hider due to the rising cost and requirement of a long time for the implementation process.
Market Segmentation
The global ERP software market has been categorized by deployment, function, vertical, organization size.
In terms of deployment type, the global ERP software market has been bifurcated into on-premises and cloud. Based on function, the global market has been divided into the supply chain and product management, sales & marketing, accounting & finance, and human resource.
The organization size segment classifies the global ERP software market into large enterprises and small & medium enterprises. In terms of vertical, the global market has been segmented into manufacturing, retail, BFSI, IT & telecom, aerospace & defense, education, and others.
Regional Analysis
Geographically, the global ERP software market has been categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
North America is likely to the global market owing to the largest share of 33.4% in 2019, with a market valuation of USD 12.754.2 million. The region is expected to register a CAGR of 7.6% during the review period owing to the rise in the adoption of ERP software to improve transparency and operational efficiency. Moreover, the increasing demand for data-driven decision-making and the growing adoption of a cloud-based deployment model is expected to propel market growth.
Europe is expected to register the second-largest market of global ERP Software Market owing to the rising adoption of ERP by midsize and businesses. The market is expected to reach USD 10.734.1 million to witness a CAGR of 28.1%.
Key Players
The major market players of the global ERP Software market Research report include Microsoft Corporation, IBM Corporation, Epicor Software Corporation, Oracle Corporation, SAP SE, Yonyou, Infor, Sage Software plc, Plex Systems Inc., NetSuite Inc, Intuit Inc, TOTVS, Unit4, Workday Inc, and Kingdee International Software Group (HK) Ltd.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENT
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 DEFINITION 19

2.2 SCOPE OF THE STUDY 19

2.3 RESEARCH OBJECTIVE 19

2.4 MARKET STRUCTURE 20

3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
4.1 INTRODUCTION 28

4.2 DRIVERS 29

4.2.1 INCREASE IN THE ADOPTION OF ERP SOFTWARE TO BOOST TRANSPARENCY AND OPERATIONAL EFFICIENCY 29

4.2.2 SURGING DEMAND FOR DATA-DRIVEN DECISION-MAKING 29

4.2.3 GROWING ADOPTION OF CLOUD-BASED DEPLOYMENT MODEL 29

4.3 RESTRAINT 30

4.3.1 HIGH COST OF IMPLEMENTING ERP SOFTWARE 30

4.4 OPPORTUNITY 30

4.4.1 RAPID TECHNOLOGICAL ADVANCEMENTS 30

4.4.2 EASY TO USE SOFTWARE APPLICATION 30

4.5 CHALLENGE 30

4.5.1 INTEGRATION WITH EXISTING IT INFRASTRUCTURE 30

4.5.2 TRAINING EMPLOYEES IN AN ORGANIZATION 31

4.6 IMPACT OF COVID-19 31

4.6.1 ENABLED OPERATING REMOTELY WITH ENHANCED EFFICIENCY 31

4.6.2 SURGE IN ADOPTION OF DIGITAL PLATFORM 31

5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS 32

5.1.1 ERP SOFTWARE PROVIDERS 32

5.1.2 SYSTEM INTEGRATORS 32

5.1.3 END USERS 32

5.2 PORTER’S FIVE FORCES MODEL 33

5.2.1 THREAT OF NEW ENTRANTS 33

5.2.2 BARGAINING POWER OF SUPPLIERS 33

5.2.3 THREAT OF SUBSTITUTES 34

5.2.4 BARGAINING POWER OF BUYERS 34

5.2.5 INTENSITY OF RIVALRY 34

6 GLOBAL ERP SOFTWARE MARKET, BY DEPLOYMENT
6.1 OVERVIEW 35

6.2 ON-PREMISES 35

6.3 CLOUD 35

7 GLOBAL ERP SOFTWARE MARKET, BY FUNCTION
7.1 OVERVIEW 37

7.1 SUPPLY CHAIN AND PRODUCT MANAGEMENT 37

7.2 SALES AND MARKETING 37

7.3 ACCOUNTING AND FINANCE 37

7.4 HUMAN RESOURCE 38

8 GLOBAL ERP SOFTWARE MARKET, BY VERTICAL
8.1 OVERVIEW 40

8.2 MANUFACTURING 40

8.3 RETAIL 40

8.4 BFSI 40

8.5 IT & TELECOM 40

8.6 AEROSPACE & DEFENSE 41

8.7 EDUCATION 41

8.8 OTHERS 41

9 GLOBAL ERP SOFTWARE MARKET, BY ORGANIZATION SIZE
9.1 OVERVIEW 43

9.2 SMALL AND MEDIUM ENTERPRISES 43

9.3 LARGE ENTERPRISESS 43

10 GLOBAL ERP SOFTWARE MARKET, BY REGION
10.1 OVERVIEW 45

10.2 NORTH AMERICA 47

10.2.1 NORTH AMERICA ERP SOFTWARE MARKET, BY COUNTRY, 2018–2026 (USD MILLION) 48

10.2.2 NORTH AMERICA ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 49

10.2.3 NORTH AMERICA ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 50

10.2.4 NORTH AMERICA ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 51

10.2.5 NORTH AMERICA ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 52

10.2.6 US 52

10.2.6.1 US ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 52

10.2.6.2 US ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 53

10.2.6.3 US ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 53

10.2.7 CANADA 54

10.2.7.1 CANADA ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 54

10.2.7.2 CANADA ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 55

10.2.7.3 CANADA ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 55

10.2.7.4 CANADA ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 56

10.2.8 MEXICO 56

10.2.8.1 MEXICO ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 56

10.2.8.2 MEXICO ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 57

10.2.8.3 MEXICO ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 57

10.3 EUROPE 59

10.3.1 EUROPE ERP SOFTWARE MARKET, BY COUNTRY, 2018–2026 (USD MILLION) 60

10.3.2 EUROPE ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 61

10.3.3 EUROPE ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 62

10.3.4 EUROPE ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 63

10.3.5 EUROPE ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 64

10.3.6 GERMANY 64

10.3.6.1 GERMANY ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 64

10.3.6.2 GERMANY ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 65

10.3.6.3 GERMANY ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 65

10.3.6.4 GERMANY ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 66

10.3.7 UK 66

10.3.7.1 UK ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 66

10.3.7.2 UK ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 67

10.3.7.3 UK ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 67

10.3.7.4 UK ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 68

10.3.8 FRANCE 68

10.3.8.1 FRANCE ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 68

10.3.8.2 FRANCE ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 69

10.3.8.3 FRANCE ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 69

10.3.8.4 FRANCE ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 70

10.3.9 ITALY 70

10.3.9.1 ITALY ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 70

10.3.9.2 ITALY ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 71

10.3.9.3 ITALY ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 71

10.3.9.4 ITALY ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 72

10.3.10 SPAIN 72

10.3.10.1 SPAIN ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 72

10.3.10.2 SPAIN ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 73

10.3.10.3 SPAIN ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 73

10.3.10.4 SPAIN ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 74

10.3.11 REST OF EUROPE 74

10.3.11.1 REST OF EUROPE ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 74

10.3.11.2 REST OF EUROPE ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 75

10.3.11.3 REST OF EUROPE ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 75

10.3.11.4 REST OF EUROPE ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 76

10.4 ASIA-PACIFIC 77

10.4.1 ASIA-PACIFIC ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 78

10.4.2 ASIA-PACIFIC ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 79

10.4.3 ASIA-PACIFIC ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 80

10.4.4 ASIA-PACIFIC ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 81

10.4.5 CHINA 82

10.4.5.1 CHINA ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 82

10.4.5.2 CHINA ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 82

10.4.6 CHINA ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 83

10.4.7 CHINA ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 83

10.4.8 INDIA 84

10.4.8.1 INDIA ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 84

10.4.8.2 INDIA ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 84

10.4.9 INDIA ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 85

10.4.10 INDIA ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 85

10.4.11 JAPAN 86

10.4.11.1 JAPAN ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 86

10.4.11.2 JAPAN ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 86

10.4.12 JAPAN ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 87

10.4.13 JAPAN ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 87

10.4.14 REST OF ASIA-PACIFIC 88

10.4.14.1 REST OF ASIA-PACIFIC ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 88

10.4.14.2 REST OF ASIA-PACIFIC ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 88

10.4.15 REST OF ASIA-PACIFIC ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 89

10.4.16 REST OF ASIA-PACIFIC ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 89

10.5 MIDDLE EAST & AFRICA 90

10.5.1 MIDDLE EAST & AFRICA ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 90

10.5.2 MIDDLE EAST & AFRICA ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 91

10.5.3 MIDDLE EAST & AFRICA ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 92

10.5.4 MIDDLE EAST & AFRICA ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 93

10.6 SOUTH AMERICA 94

10.6.1 SOUTH AMERICA ERP SOFTWARE MARKET, BY DEPLOYMENT, 2018–2026 (USD MILLION) 94

10.6.2 SOUTH AMERICA ERP SOFTWARE MARKET, BY FUNCTION, 2018–2026 (USD MILLION) 95

10.6.3 SOUTH AMERICA ERP SOFTWARE MARKET, BY VERTICAL, 2018–2026 (USD MILLION) 96

10.6.4 SOUTH AMERICA ERP SOFTWARE MARKET, BY ORGANIZATION SIZE, 2018–2026 (USD MILLION) 97

11 COMPETITVE LANDSCAPE
11.1 COMPETITIVE BENCHMARKING 99

11.2 VENDOR SHARE ANALYSIS 100

11.3 RECENT DEVELOPMENTS 100

11.3.1 PRODUCT DEVELOPMENT 100

11.3.2 PARTNERSHIPS/AGREEMENTS/CONTRACTS/COLLABORATIONS 100

12 COMPANY PROFILE
12.1 MICROSOFT 102

12.1.1 COMPANY OVERVIEW 102

12.1.2 FINANCIAL OVERVIEW 103

12.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 103

12.1.4 KEY DEVELOPMENTS 104

12.1.5 SWOT ANALYSIS 104

12.1.6 KEY STRATEGIES 104

12.2 IBM CORPORATION 105

12.2.1 COMPANY OVERVIEW 105

12.2.2 FINANCIAL OVERVIEW 106

12.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 106

12.2.4 KEY DEVELOPMENTS 107

12.2.5 SWOT ANALYSIS 107

12.2.6 KEY STRATEGIES 107

12.3 ORACLE 108

12.3.1 COMPANY OVERVIEW 108

12.3.2 FINANCIAL OVERVIEW 109

12.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 109

12.3.4 KEY DEVELOPMENTS 110

12.3.5 SWOT ANALYSIS 110

12.3.6 KEY STRATEGIES 111

12.4 SAP SE 112

12.4.1 COMPANY OVERVIEW 112

12.4.2 FINANCIAL OVERVIEW 112

12.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 113

12.4.4 KEY DEVELOPMENTS 113

12.4.5 SWOT ANALYSIS 114

12.4.6 KEY STRATEGIES 114

12.5 INFOR 115

12.5.1 COMPANY OVERVIEW 115

12.5.2 FINANCIAL OVERVIEW 115

12.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 116

12.5.4 KEY DEVELOPMENTS 116

12.5.5 SWOT ANALYSIS 117

12.5.6 KEY STRATEGIES 117

12.6 SAGE GROUP PLC 118

12.6.1 COMPANY OVERVIEW 118

12.6.2 FINANCIAL OVERVIEW 119

12.6.3 PRODUCTS OFFERED 119

12.6.4 KEY DEVELOPMENTS 120

12.6.5 SWOT ANALYSIS 120

12.6.6 KEY STRATEGIES 120

12.7 EPICOR SOFTWARE CORPORATION 121

12.7.1 COMPANY OVERVIEW 121

12.7.2 PRODUCTS OFFERED 121

12.7.3 KEY DEVELOPMENTS 121

12.7.4 KEY STRATEGIES 121

12.8 PLEX SYSTEMS 122

12.8.1 COMPANY OVERVIEW 122

12.8.2 FINANCIAL OVERVIEW 122

12.8.3 PRODUCTS OFFERED 122

12.8.4 KEY DEVELOPMENTS 122

12.8.5 KEY STRATEGIES 122

12.9 NETSUITE, INC. 123

12.9.1 COMPANY OVERVIEW 123

12.9.2 FINANCIAL OVERVIEW 123

12.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 124

12.9.4 KEY DEVELOPMENTS 124

12.9.5 KEY STRATEGIES 124

12.10 INTUIT INC. 125

12.10.1 COMPANY OVERVIEW 125

12.10.2 FINANCIAL OVERVIEW 126

12.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 126

12.10.4 KEY DEVELOPMENTS 127

12.10.5 SWOT ANALYSIS 127

12.10.6 KEY STRATEGIES 127

12.11 TOTVS 128

12.11.1 COMPANY OVERVIEW 128

12.11.2 FINANCIAL OVERVIEW 128

12.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 128

12.11.4 KEY DEVELOPMENTS 129

12.11.5 SWOT ANALYSIS 129

12.11.6 KEY STRATEGIES 129

12.12 UNIT4 130

12.12.1 COMPANY OVERVIEW 130

12.12.2 FINANCIAL OVERVIEW 130

12.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 130

12.12.4 KEY DEVELOPMENTS 130

12.12.5 KEY STRATEGIES 130

12.13 YONYOU 131

12.13.1 COMPANY OVERVIEW 131

12.13.2 FINANCIAL OVERVIEW 131

12.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 131

12.13.4 KEY DEVELOPMENTS 131

12.13.5 KEY STRATEGIES 131

12.14 KINGDEE INTERNATIONAL SOFTWARE GROUP (HK) LTD 132

12.14.1 COMPANY OVERVIEW 132

12.14.2 FINANCIAL OVERVIEW 132

12.14.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 133

12.14.4 KEY DEVELOPMENTS 133

12.14.5 SWOT ANALYSIS 133

12.14.6 KEY STRATEGIES 133

12.15 WORKDAY, INC 134

12.15.1 COMPANY OVERVIEW 134

12.15.2 FINANCIAL OVERVIEW 134

12.15.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 135

12.15.4 KEY DEVELOPMENTS 135

12.15.5 SWOT ANALYSIS 135

12.15.6 KEY STRATEGIES 135

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