Leading global ERP software market share by company 2024

As of September 2023, Microsoft Dynamics 365 Business Central dominates the global enterprise resource planning (ERP) software market, with a share of over 87 percent and over two million domains. This software application is a comprehensive business management offering of Microsoft for small and medium-sized businesses that helps customers to upgrade their legacy ERP systems to a cloud-based solution.

What is an ERP?

ERP software is a core business application that integrates several other software applications in the growing enterprise software market, sized at 913 billion U.S. dollars in 2023. Such integration helps organizations manage business processes by integrating data or applications from different departments, including finance, accounting, customer relationship management, and human resources. Such integration gives organizations a centralized data view and helps make better operational decisions. 

Benefits of ERP

Some significant benefits of ERP software include improved scalability, efficiency, productivity, visibility, transparency, reduced costs, improved customer service, enhanced decision-making, and improved compliance boosted by software as a service (SaaS) on the cloud. Over half of the IT decision-makers agree that SaaS is one of the biggest growth areas for the cloud, providing organizations an easy option to deploy new software applications and migrate from legacy systems easily.