Enterprise Resource Planning Software - Philippines

The projected revenue for the Enterprise Resource Planning Software market in the Philippines is expected to reach US$70.10m in 2024.
It is anticipated that there will be an annual growth rate of 6.95% (CAGR 2024-2029), leading to a market volume of US$98.10m by 2029.
In the same year, the average Spend per Employee in the Enterprise Resource Planning Software market is projected to be US$1.46.
In a global comparison, United States is expected to generate the highest revenue in the Enterprise Resource Planning Software market, with an estimated amount of US$26.70bn in 2024.
The Philippines is experiencing a surge in demand for cloud-based ERP software solutions to streamline business operations and improve efficiency.

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 Software market in Philippines has been experiencing steady growth in recent years.

Customer preferences: Philippine companies are increasingly adopting Enterprise Resource Planning (ERP) software to streamline their business processes and improve efficiency. ERP software provides a centralized database and real-time information, allowing companies to make informed decisions and respond quickly to changing market conditions. Additionally, cloud-based ERP solutions are becoming more popular as they offer flexibility, scalability, and cost-effectiveness.

Trends in the market: One of the key trends in the ERP market in Philippines is the adoption of mobile ERP solutions. As more employees work remotely or on-the-go, mobile ERP solutions allow them to access real-time data and make informed decisions from anywhere. Another trend is the integration of artificial intelligence (AI) and machine learning (ML) into ERP software. AI and ML can help companies automate routine tasks, improve accuracy, and identify patterns and insights that can inform strategic decision-making.

Local special circumstances: The Philippines has a growing economy and a large population of young, tech-savvy professionals. This has created a favorable environment for the adoption of ERP software, as companies seek to stay competitive and attract top talent. Additionally, the government has been promoting the use of technology in business through initiatives such as the Digital Transformation Strategy and the Philippine Innovation Act.

Underlying macroeconomic factors: The Philippines has a rapidly growing economy, with a Gross Domestic Product (GDP) growth rate of 6.2% in 2019. This growth is being driven by a number of factors, including a young and growing workforce, a strong services sector, and government investments in infrastructure. As the economy grows, more businesses are looking to adopt ERP software to improve their operations and stay competitive. Additionally, the Philippines has a large and growing outsourcing industry, which is driving demand for ERP solutions that can manage complex supply chains and global operations.

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.