Enterprise Resource Planning Software - South Africa

In 2024, the Enterprise Resource Planning Software market in South Africa is projected to generate a revenue of US$193.80m.
This indicates a promising growth potential for the market.
Looking ahead, the market is anticipated to witness an annual growth rate (CAGR 2024-2029) of 3.22%.
By 2029, the market volume is expected to reach US$227.10m.
Furthermore, it is worth noting that the average Spend per Employee in the Enterprise Resource Planning Software market is estimated to be US$7.71 in 2024.
This metric provides insights into the level of investment made by businesses in South Africa into ERP software for their employees.
In a global context, it is interesting to observe that United States is projected to generate the highest revenue in the Enterprise Resource Planning Software market.
In 2024, the revenue generated United States is estimated to be a staggering US$26.70bn.
This highlights the dominance of the US market in this segment.
Overall, these figures indicate the significant potential and growth opportunities available in the Enterprise Resource Planning Software market in South Africa, while also emphasizing the global prominence of the United States in this sector.
The adoption of cloud-based ERP software solutions in South Africa is rapidly increasing, driving efficiency and scalability for businesses.

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 South Africa has been growing steadily in recent years, with a significant increase in demand from various industries.

Customer preferences: South African businesses are increasingly adopting ERP software to streamline their operations, reduce costs, increase efficiency, and improve decision-making. The demand for cloud-based ERP solutions is also on the rise, as it offers flexibility, scalability, and cost-effectiveness. Moreover, businesses are looking for ERP solutions that are customizable, user-friendly, and offer real-time data insights.

Trends in the market: One of the major trends in the South African ERP software market is the increasing adoption of mobile ERP solutions. With the rise of mobile devices and remote work, businesses are looking for ERP solutions that can be accessed from anywhere, at any time. Another trend is the integration of artificial intelligence and machine learning capabilities in ERP software, which can help businesses automate their processes, improve forecasting, and enhance decision-making.

Local special circumstances: South Africa has a unique business landscape, with a diverse range of industries, including mining, agriculture, tourism, and financial services. Each industry has its own specific requirements and challenges, which require customized ERP solutions. Moreover, the country has a large number of small and medium-sized enterprises (SMEs), which are increasingly adopting ERP software to compete with larger players in the market.

Underlying macroeconomic factors: South Africa's economy has been facing several challenges in recent years, including high levels of unemployment, low economic growth, and political instability. However, the government has been implementing several initiatives to promote entrepreneurship and innovation, which has led to an increase in the number of startups and SMEs. Moreover, the country has a young and tech-savvy population, which is driving demand for digital solutions such as ERP software. The COVID-19 pandemic has also accelerated the adoption of ERP software, as businesses are looking for ways to adapt to the new normal and stay competitive in the market.

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.