Enterprise Resource Planning Software - Eastern Asia

  • Eastern Asia
  • The Enterprise Resource Planning Software market in Eastern Asia is predicted to witness a significant surge in revenue, with projections indicating that it will reach US$3.08bn by 2024.
  • Furthermore, the market is expected to exhibit a steady annual growth rate (CAGR 2024-2029) of 3.28%, resulting in a substantial market volume of US$3.62bn by 2029.
  • In terms of spending, the average Spend per Employee in the Enterprise Resource Planning Software market is anticipated to reach US$3.37 in 2024.
  • This figure reflects the investment made by businesses in the region to streamline their operations and enhance efficiency through the utilization of ERP software.
  • When looking at the global landscape, it is noteworthy that United States will dominate the market in terms of revenue generation, with an estimated revenue of US$26,700.00m in 2024.
  • This highlights the strong presence and adoption of ERP software United States as a means to optimize business processes and drive growth.
  • In Eastern Asia, the adoption of ERP software in the enterprise sector is rapidly increasing, with Chinese companies leading the way in implementing advanced and customized solutions.

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

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Enterprise Resource Planning (ERP) Software market in Eastern Asia has been experiencing steady growth over the past few years.

Customer preferences:
In Eastern Asia, customers have been increasingly adopting ERP software to streamline their business processes and improve efficiency. The trend towards digitization and automation has been a major driver of this growth, as companies seek to optimize their operations and reduce costs. Additionally, the rise of e-commerce and the need for real-time data management has also contributed to the demand for ERP systems.

Trends in the market:
China has been the largest market for ERP software in Eastern Asia, with a growing number of small and medium-sized enterprises adopting these systems. Cloud-based ERP solutions have become increasingly popular in the region, as they offer greater flexibility and scalability. In Japan, there has been a shift towards mobile ERP systems, as companies seek to enable remote work and improve accessibility. South Korea has also seen growth in the ERP market, with a focus on solutions that integrate with other business software.

Local special circumstances:
One of the unique characteristics of the ERP market in Eastern Asia is the emphasis on localization. Many companies in the region prefer ERP systems that are tailored to their specific needs and language requirements. This has led to the development of local ERP providers that offer customized solutions for businesses in the region. Additionally, there is a strong focus on data security and privacy, which has led to the development of ERP systems that comply with local regulations and standards.

Underlying macroeconomic factors:
The growth of the ERP market in Eastern Asia is closely tied to the region's economic development. As countries in the region continue to grow and modernize, there is a greater need for efficient and effective business processes. Additionally, the increasing importance of data management and analytics has also contributed to the demand for ERP systems. The rise of cloud computing and mobile technology has also created new opportunities for ERP providers, as companies seek solutions that can be accessed from anywhere at any time. Overall, the ERP market in Eastern Asia is expected to continue growing in the coming years, as more companies recognize the benefits of these systems for their business 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.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)