Enterprise Resource Planning Software - Ghana

The Enterprise Resource Planning Software market in Ghana is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is set to reach US$21.63m in 2024.
Moreover, it is anticipated that the market will experience a steady annual growth rate of 5.64% (CAGR 2024-2029), resulting in a market volume of US$28.46m by 2029.
Furthermore, the average Spend per Employee in the Enterprise Resource Planning Software market is estimated to be US$1.43 in 2024.
This figure reflects the amount of money spent per employee on ERP software solutions.
In terms of global comparison, United States is expected to generate the highest revenue in the Enterprise Resource Planning Software market, with a projected revenue of US$26.70bn in 2024.
This indicates the dominant position of the United States in the global ERP software market.
Ghana's growing economy is driving increased adoption of Enterprise Resource Planning software, enabling local businesses to streamline operations and enhance productivity.

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.

For more information on the displayed data, use the info button right next to the boxes.

Financial applications, such as QuickBooks, Oracle NetSuite, and Xero
Asset management applications, such as Asset Panda, ManageEngine AssetExplorer, and GoCodes
Procurement software, such as SAP Ariba, Kissflow, and Procurify
Resource planning, such as Smartsheet, Float, and Hub Planner

SCM Software, such as Anvyl, Tada, and Magaya Supply Chain
BI software, such as Microsoft Power BI, SAS Business Intelligence, and MicroStrategy
CRM software, such as Salesforce Sales Cloud, Monday sales CRM, and HubSpot CRM

The Enterprise Resource Planning (ERP) Software market in Ghana has been experiencing steady growth in recent years.

Customer preferences: Ghanaian businesses are increasingly recognizing the need for ERP software to streamline their operations and increase efficiency. This is particularly true for small and medium-sized enterprises (SMEs) that are looking to compete with larger players in the market. ERP software allows businesses to integrate their various departments and functions, providing real-time visibility into their operations and enabling better decision-making.

Trends in the market: One of the key trends in the ERP software market in Ghana is the adoption of cloud-based solutions. Cloud-based ERP software is becoming increasingly popular due to its flexibility and scalability, allowing businesses to easily add or remove users as needed. Additionally, cloud-based solutions are often more cost-effective than traditional on-premise solutions, making them a more attractive option for SMEs.Another trend in the market is the increasing use of mobile ERP solutions. With the rise of mobile devices, businesses are looking for ERP software that can be accessed from anywhere, at any time. Mobile ERP solutions allow employees to access critical data and make decisions on the go, improving productivity and efficiency.

Local special circumstances: The Ghanaian market has unique characteristics that are influencing the development of the ERP software market. One of these is the dominance of the informal sector, which accounts for a significant portion of the country's economic activity. Many of these businesses are small and may not have the resources to invest in ERP software. As such, there is a need for ERP solutions that are affordable and tailored to the needs of small businesses.Another factor is the country's relatively low level of internet penetration. While the adoption of cloud-based ERP solutions is growing, there is still a significant portion of the population that does not have reliable internet access. This presents a challenge for businesses that are looking to implement cloud-based solutions.

Underlying macroeconomic factors: Ghana's economy has been growing steadily in recent years, with a focus on developing key sectors such as agriculture, manufacturing, and services. This growth has led to an increase in the number of businesses operating in the country, particularly SMEs. As these businesses look to compete in the market, there is a growing demand for ERP software to help them streamline their operations and improve efficiency.Additionally, the government of Ghana has been implementing policies aimed at promoting the growth of SMEs, including initiatives to improve access to finance and technology. These policies are likely to drive further growth in the ERP software market as more SMEs are able to invest in these solutions.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

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.