Definition:
The Enterprise Resource Planning (ERP) Software market covers software applications that support organizations in managing, integrating, and optimizing important business activities related to resources such as people, finance, capital, materials, and orders. These software applications help organizations to streamline their internal business processes, increase efficiency, and make more informed decisions.
Products in the Enterprise Resource Planning Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.
Additional Information:
The Enterprise Resource Planning Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).
Key players in this market include SAP, Intuit Inc., Oracle, Infor, and Sage.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Jul 2024
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
The Enterprise Resource Planning (ERP) software market is a rapidly growing industry in the G7 countries. ERP systems are used by businesses to manage their day-to-day operations such as accounting, procurement, project management, and supply chain operations.
Customer preferences: In the G7 countries, businesses are increasingly adopting ERP systems to streamline their operations and gain a competitive advantage. The demand for cloud-based ERP solutions is on the rise as they offer greater flexibility and scalability, allowing businesses to adapt to changing market conditions. Additionally, businesses are looking for ERP systems that can integrate with other software solutions, such as customer relationship management (CRM) and human resources (HR) management systems, to create a seamless workflow.
Trends in the market: In the United States, the ERP market is expected to grow significantly due to the increasing adoption of cloud-based ERP systems. The healthcare industry is also expected to drive demand for ERP systems as healthcare providers seek to improve patient care and reduce costs. In Canada, the manufacturing industry is the largest user of ERP systems, with businesses looking to optimize their supply chain operations. The United Kingdom is expected to see growth in the ERP market as businesses prepare for Brexit and seek to streamline their operations. In Germany, the demand for ERP systems is being driven by the country's strong manufacturing industry. In Japan, the government's push for digitalization is expected to drive demand for ERP systems in various industries. In France, the ERP market is expected to grow as businesses seek to comply with new regulations such as the General Data Protection Regulation (GDPR).
Local special circumstances: In Canada, the ERP market is dominated by a few major players, with businesses often opting for solutions from established vendors. In the United States, there is a trend towards smaller, niche ERP vendors that offer specialized solutions for specific industries. In Japan, there is a preference for domestic ERP vendors due to language and cultural barriers. In Germany, the ERP market is highly competitive, with businesses often opting for solutions from local vendors.
Underlying macroeconomic factors: The growth of the ERP market in the G7 countries is being driven by several macroeconomic factors. The increasing adoption of cloud-based ERP solutions is being fueled by the rise of digitalization and the need for businesses to be more agile. Additionally, the trend towards globalization is leading businesses to seek out ERP systems that can manage operations across multiple countries and regions. The growing importance of data analytics is also driving demand for ERP systems that can provide valuable insights into business operations. Finally, the need for regulatory compliance is leading businesses to seek out ERP systems that can help them meet new regulations and standards.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights
These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.