Market Insights Technology Software Enterprise Software

Enterprise Resource Planning Software - Americas

Americas

The Enterprise Resource Planning Software market in the Americas is estimated to generate a revenue of US$30.04bn by 2024.
With an expected annual growth rate of 3.16% between 2024 and 2029, the market volume is projected to reach US$35.10bn by 2029.
In terms of average Spend per Employee, the Enterprise Resource Planning Software market is predicted to reach US$59.58 in 2024.
When compared globally, United States is anticipated to generate the highest revenue, amounting to US$26,700.00m in 2024.
In the Americas, the use of Enterprise Resource Planning software is rapidly growing, with companies in the United States leading the way in its adoption.

Key regions: United Kingdom, China, Australia, Canada, United States

Market

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Analyst Opinion

The Enterprise Resource Planning Software market in Americas has been experiencing significant growth in recent years.

Customer preferences: Businesses in the Americas are increasingly turning to Enterprise Resource Planning (ERP) software to streamline their operations and improve efficiency. ERP software offers a range of benefits, including improved data management, increased visibility across the organization, and enhanced collaboration between departments. Additionally, businesses are looking for software solutions that can be customized to meet their specific needs and integrate with other systems they use.

Trends in the market: In the United States, the ERP software market is being driven by the manufacturing and healthcare industries. Manufacturing companies are looking to improve their supply chain management and reduce costs, while healthcare providers are seeking to improve patient care and outcomes. In Canada, the ERP software market is being driven by the retail and wholesale industries, as businesses seek to improve inventory management and customer service.In Latin America, the ERP software market is growing rapidly, with Brazil and Mexico leading the way. This growth is being driven by a range of factors, including the increasing adoption of cloud-based software solutions, the growth of e-commerce, and the need for businesses to comply with local tax regulations.

Local special circumstances: In Brazil, the ERP software market is being driven by the country's complex tax system, which requires businesses to comply with a range of regulations. ERP software can help businesses manage their taxes more efficiently and reduce the risk of non-compliance. Additionally, the country's growing e-commerce sector is driving demand for ERP software that can help businesses manage their online sales channels.In Mexico, the ERP software market is being driven by the country's growing manufacturing sector. As more businesses look to improve their supply chain management and reduce costs, ERP software is becoming an increasingly popular solution. Additionally, the country's complex tax system is also driving demand for ERP software that can help businesses manage their taxes more efficiently.

Underlying macroeconomic factors: The growth of the ERP software market in the Americas is being driven by a range of macroeconomic factors, including the increasing adoption of cloud-based software solutions, the growth of e-commerce, and the need for businesses to comply with local tax regulations. Additionally, businesses are looking for software solutions that can help them improve efficiency and reduce costs, which is driving demand for ERP software across a range of industries. Overall, the ERP software market in the Americas is expected to continue to grow in the coming years, as businesses increasingly turn to technology solutions to improve their operations.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.