Enterprise resource planning software, or ERP software, is a complete and integrated software system made to automate and streamline several business activities within an organization. In one centralized system, it enables businesses to manage and oversee all of their essential operations, including finance, human resources, supply chain management, manufacturing, customer relationship management, and more. Modules for financial administration, procurement and inventory management, production planning, sales and marketing, HR and payroll, and customer relationship management (CRM) are frequently included as key elements of ERP software. In order to give insights into the functioning of the organization, the software frequently incorporates tools for reporting, analytics, and business intelligence.

The global need for operational efficiency and transparency in business processes has driven companies to adopt diverse business models. With advancements in technology, the complexity of Enterprise Resource Planning (ERP) software systems has been reduced, allowing third-party applications to effectively manage corporate processes. Companies worldwide are focused on improving their business operations to enhance operational productivity and monitor costs. They seek integrated solutions to handle various aspects of their operations, including sales, marketing, procurement, and supply chain management. The integration of ERP software has simplified and streamlined business operations. Manual data entry is no longer required as all data is consolidated on a unified platform. Cloud-based ERP software enables the simplification of complex procedures, such as multi-step production planning, making them more manageable and efficient. 

Enterprises are increasingly adopting cloud-based enterprise resource planning (ERP) solutions and services. However, integrating these solutions with existing systems remains a significant challenge for companies due to implementation costs and the complexity of the systems. The successful execution of cloud-based ERP requires a robust integration with existing legacy systems. Some companies still rely on outdated technology and lack the resources to fully transition to the new cloud-based ERP, resulting in manual processes that lead to longer turnaround times and a higher likelihood of errors.

 

The global ERP software market has been significantly impacted by the COVID-19 epidemic. Companies realized the necessity for effective remote work capabilities and optimized processes as a result of significant disruptions to corporate operations. Due to this, the need for cloud-based ERP solutions that support remote access and collaboration surged. However, the epidemic also brought about difficulties including put off implementations, financial limitations, and market concerns. The adoption of ERP software was slowed down by the economic downturn and cost-cutting measures taken by many enterprises. However, the pandemic expedited the migration to cloud-based ERP solutions and emphasized the significance of digital transformation, opening the door for further industry expansion.

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Acumatica, Deltek, Epicor Software Corporation, Genius Solutions, Inc., Global Shop Solutions, Hewlett-Packard Development Company, IBM Corporation, Infor Inc., IQMS, Microsoft Corporation, MIE Track Pro, Net Suite Inc., OpenPro, Oracle Corporation, Plex System, QAD Inc., Ramco System, Sage Group, plc, SAP SE, SYSPRO, TOTVS S.A., Workday, Inc., others.

By Function: Based on the Function, Global ERP Software Market is segmented as; Customer Management, Finance, Human Resource, Inventory Management, Supply Chain Management, Others.

By Size: Based on the Size, Global ERP Software Market is segmented as; Large Enterprises, Medium Enterprises, Small Enterprises.

By Deployment: Based on the Deployment, Global ERP Software Market is segmented as; Cloud, Hybrid, On-Premises.

By End User: Based on the End User, Global ERP Software Market is segmented as; Aero-Space & Defense, Banking, Financial Services, and Insurance (BFSI), Construction, Government & Utilities, Healthcare & Life Sciences, IT & Telecom, Manufacturing, Transportation & Logistics, Others.

By Region: This report also provides the data for key regional segments of Asia Pacific, Europe, Middle East and Africa, North America, Latin America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.