ERP Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Enterprise Resource Planning (ERP) Market report is segmented by offering (solutions and services), function (HR, supply chain, finance, and marketing), deployment (on-premise and hybrid), organization size (small and medium enterprises and large enterprises), industry verticals (BFSI, IT & telecom, government, retail, and e-commerce, manufacturing, oil, gas, and energy), organization size (small and medium enterprises, large enterprises), and geography (North America (United States and Canada), Europe (United Kingdom, Germany, France, Greece, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, Southeast Asia (Indonesia, Philippines, Malaysia, Singapore, and Rest of Southeast Asia), Rest of Asia-Pacific), Latin America (Brazil, Argentina, Mexico, Rest of Latin America), Middle East & Africa (Saudi Arabia, GCC, United Arab Emirates, Rest of GCC), South Africa, Rest of Middle East and Africa)). The market size and forecasts are provided in terms of value (USD) for all the above segments.

ERP Market Size

ERP Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 65.25 Billion
Market Size (2029) USD 103.95 Billion
CAGR (2024 - 2029) 9.76 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

ERP Market Major Players

*Disclaimer: Major Players sorted in no particular order


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ERP Market Analysis

The Enterprise Resource Planning Market size is estimated at USD 65.25 billion in 2024, and is expected to reach USD 103.95 billion by 2029, growing at a CAGR of 9.76% during the forecast period (2024-2029).

ERP software aids in planning, budgeting, forecasting, and reporting an organization's financial results. The growing need for supplier-relationship management and customer-relationship management, due to a steep surge in the number of businesses worldwide and the requirement for cloud-based ERP platforms, is augmenting the market's growth rate.

The increasing adoption of innovative and advancing technologies, broadening the value of existing ERP systems, minimizing third-party dependencies, more highly secured resources, advancing financial systems, and other notable factors are driving the demand for ERP software, especially cloud-based.

The enterprise resource planning (ERP) industry is being driven in part by the growing need for a customer-centric strategy. Businesses are realizing more and more how crucial it is to put the customer at the heart of their operations in order to increase customer satisfaction, loyalty, and overall business success. ERP systems are essential to reaching this objective because they offer a full range of integrated applications that let businesses increase productivity, optimize workflows, and provide better customer service.

Demand for mobile-friendly ERP solutions has increased due to the widespread use of mobile devices. By enabling people to approve workflows, access vital company data, and make decisions while on the move, mobile ERP apps help improve operational agility. For instance, users of smartphones or tablets can access essential ERP capabilities with SAP ERP mobile apps. This facilitates real-time decision-making, improves teamwork, and increases adaptability to shifting company needs.

ERP systems that aren't flexible may find it difficult to evolve and adapt as businesses alter or expand. This restriction may make it more difficult for companies to introduce new product lines, enter new markets, or adapt to organizational structure changes. For instance, a business that is expanding quickly could find it difficult to scale its ERP system to handle higher transaction volumes, which could cause problems with performance and create bottlenecks in the business.

The rise of the" business online" concept in the post-COVID-19 era increases the demand for contactless transactions, making manufacturing SMEs struggle to compete. This has created the need for ERP for manufacturing companies to enable them to run all activities in real time.

ERP Market Trends

Large Enterprises to Witness Highest Market Growth

  • Large enterprises have a staff size of more than 250 employees. The growing need for streamlining and coordination to establish effective communication between various departments and employees propels the adoption of ERP software among large enterprises. ERP helps large organizations easily share information and data in real time.
  • Single-tenant cloud-based ERP software systems are becoming more suitable for large companies. In this system, each user has a separate software instance hosted on the dedicated hardware of the public infrastructure, gaining a higher level of control and expanded customization capabilities.
  • Most ERP solutions, including SAP solutions, have been developed for large corporations to help them track their regional operations. Large manufacturing companies using ERP successfully manage and automate their production and supply chain activities, augmenting segment growth.
  • Furthermore, the high cost of complex ERP solutions makes them affordable only for large enterprises with high IT budgets. Implementing an ERP project requires a large team of technical experts and consulting services in large companies. Large enterprises, therefore, must hire ERP specialists to complete their projects. Additionally, big corporations implement ERP solutions across multiple sites, adding complexity.
Enterprise Resource Planning (ERP) Market : Number of Large Enterprises in the European Union in 2022, by Country

North America to Hold the Largest Market Share

  • Some of the most popular ERP solutions in the United States include Oracle NetSuite, Oracle ERP Cloud, and Microsoft Dynamics 365. The increasing adoption of ERP software in the United States is attributed to large enterprises such as Oracle and Microsoft, among others, as well as the need for businesses to gain a competitive edge in the market by integrating business functions.
  • Moreover, these companies provide ERP software solutions built for mid and large-sized companies to assist them in complex functions such as finance and operations. Many providers offer mature ERP solutions owing to their decades of expertise and industry knowledge, promoting demands for such solutions in the United States.
  • ERP solutions such as Oracle Netsuite, Oracle ERP Cloud, Microsoft D365, and Acumatica target small and mid-market companies looking to upgrade their basic accounting system and evolve through digital transformation. Others have defined a prominent niche in the marketplace, focusing on manufacturing distribution organizations and offering cost-effective solutions with a very high return on investment (ROI).
  • ERP software benefits Canadian organizations by reducing duplicated data entry by integrating business processes. Increasing customer demand to reduce time and increase the accuracy of business functionalities is driving the need for ERP solutions in Canada. Toronto and Montreal are rising as central hubs for business and tech advancements in Canada. The areas are witnessing many established and emerging players in the regional ERP market.
Enterprise Resource Planning : Market CAGR (%), By Region, Global

ERP Industry Overview

Given the increasing digitization across all industry verticals, the ERP software market is semi-consolidated. Considering vendors’ market penetration and the ability to invest in new technologies, the competitive rivalry is expected to remain high. Some players include SAP SE, Intuit, Microsoft Corporation, and Constellation Software.

In June 2023, SAP and Bain partnered to help leaders drive cloud-enabled ERP transformation. The collaboration aimed to help executives maximize the impact of cloud-enabled ERP transformation. The partnership enables clients to reach their business goals faster and achieve their full ERP potential by combining solutions such as RISE with SAP and Bain's business-led transformation expertise.

In May 2023, Microsoft Corporation announced that Microsoft and SAP aim to deepen their longstanding partnership to help solve customers’ most fundamental business challenges. The companies aim to collaborate on integrating SAP SuccessFactors solutions with Microsoft 365 Copilot and Copilot for Microsoft Viva Learning, as well as Microsoft’s Azure OpenAI Service, to access powerful language models that analyze and generate natural language. The integrations enable new experiences to improve how organizations attract, retain, and skill their people.

ERP Market Leaders

  1. Microsoft Corporation

  2. SAP SE

  3. Intuit

  4. Constellation Software

  5. FIS

*Disclaimer: Major Players sorted in no particular order

Enterprise Resource Planning (ERP) Market Concentration
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ERP Market News

  • September 2023 - Oracle and Mastercard announced a new partnership to help enterprise customers automate end-to-end business-to-business (B2B) payment transactions. The partnership lets Oracle directly connect Oracle Fusion Cloud Enterprise Resource Planning (ERP) with banks to streamline and automate the B2B finance and payment process. Moreover, many companies desire simpler commercial payment experiences. Yet, disparate data, systems, and processes across the ecosystem hinder enterprises and their suppliers from transacting efficiently. To address these challenges and enable organizations to connect and share information across all trading parties, Oracle aims to leverage Mastercard’s innovative virtual card platform to help expedite end-to-end financial transactions for Oracle’s corporate customers and enable banks to offer value-added services inside Oracle Cloud ERP.
  • March 2023 - Microsoft Corporation has introduced Microsoft Dynamics 365 Copilot, the world's first copilot in CRM and ERP, bringing next-generation AI to every line of business. According to the company's recent survey on business trends, nearly 9 out of 10 workers hope to use AI to reduce repetitive tasks. With Dynamics 365 Copilot, organizations can empower their workers with AI tools built for sales, service, marketing, operations, and supply chain roles. These AI capabilities allow everyone to spend more time on the best parts of their jobs and less on mundane tasks.

Enterprise Resource Planning (ERP) Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 An Assessment of the Impact of Macroeconomics Trends


    1. 5.1 Market Drivers

      1. 5.1.1 Rising Demand for Customer Centric Approach

      2. 5.1.2 Rapid Increase in Cloud and Mobile Application

      3. 5.1.3 Increase in Adoption of Data-intensive Approach and Decisions

    2. 5.2 Market Challenges

      1. 5.2.1 Lack of Flexibility and Integration Challenges

      2. 5.2.2 Maintenance Cost

    3. 5.3 Ecosystem Analysis

    4. 5.4 Analysis of Pricing and Pricing Model


    1. 6.1 By Offering

      1. 6.1.1 Solutions

      2. 6.1.2 Services

    2. 6.2 By Function

      1. 6.2.1 HR

      2. 6.2.2 Supply Chain

      3. 6.2.3 Finance

      4. 6.2.4 Marketing

      5. 6.2.5 Other Functions

    3. 6.3 By Deployment

      1. 6.3.1 On-premise

      2. 6.3.2 Hybrid

    4. 6.4 By Organization Size

      1. 6.4.1 Small and Medium Enterprises

      2. 6.4.2 Large Enterprises

    5. 6.5 By Industry Verticals

      1. 6.5.1 BFSI

        1. Use Cases

      2. 6.5.2 IT & Telecom

        1. Use Cases

      3. 6.5.3 Government

        1. Use Cases

      4. 6.5.4 Retail and E-commerce

        1. Use Cases

      5. 6.5.5 Manufacturing

        1. Use Cases

      6. 6.5.6 Oil, Gas, and Energy

        1. Use Cases

      7. 6.5.7 Other Industry Verticals

        1. Use Cases

    6. 6.6 By Geography

      1. 6.6.1 North America

        1. United States

        2. Canada

      2. 6.6.2 Europe

        1. United Kingdom

        2. Germany

        3. France

        4. Greece

        5. Rest of Europe

      3. 6.6.3 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. Australia

        5. Indonesia

        6. Philippines

        7. Malaysia

        8. Singapore

        9. Rest of Asia-Pacific

      4. 6.6.4 Latin America

        1. Brazil

        2. Argentina

        3. Mexico

        4. Rest of Latin America

      5. 6.6.5 Middle East and Africa

        1. Saudi Arabia

        2. GCC

          1. United Arab Emirates

          2. Rest of GCC

        3. South Africa

        4. Rest of Middle East & Africa


    1. 7.1 Company Profiles

      1. 7.1.1 SAP SE

      2. 7.1.2 Intuit

      3. 7.1.3 Microsoft Corporation

      4. 7.1.4 Constellation Software

      5. 7.1.5 FIS

      6. 7.1.6 Oracle Corporation

      7. 7.1.7 IBM

      8. 7.1.8 Infor Inc.

      9. 7.1.9 Adobe

      10. 7.1.10 Sage Group PLC

    2. *List Not Exhaustive




**Subject to Availability
***In the final study, Indonesia, Philippines, Malaysia, and Singapore will be considered under Southeast Asia, along with the rest of Southeast Asia.
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ERP Industry Segmentation

Software programs that integrate multiple company processes and operations into a unified platform are called enterprise resource planning or ERP. These processes include manufacturing supply chain management, finance, and human resources.

The ERP Market is Segmented By Offering (Solutions and Services), Function (HR, Supply Chain, Finance, and Marketing), Deployment (On-premise and Hybrid), Organization Size (Small and Medium Enterprises and Large Enterprises), Industry Verticals (BFSI, IT & Telecom, Government, Retail, and E-commerce, Manufacturing, Oil, Gas, and Energy), Organization Size (Small and Medium Enterprises, Large Enterprises), and Geography (North America (United States and Canada), Europe (United Kingdom, Germany, France, Greece, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, Southeast Asia (Indonesia, Philippines, Malaysia, Singapore, and Rest of Southeast Asia), Rest of Asia-Pacific), Latin America (Brazil, Argentina, Mexico, Rest of Latin America), Middle East & Africa (Saudi Arabia, GCC, United Arab Emirates, Rest of GCC), South Africa, Rest of Middle East and Africa)). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

By Offering
By Function
Supply Chain
Other Functions
By Deployment
By Organization Size
Small and Medium Enterprises
Large Enterprises
By Industry Verticals
Use Cases
IT & Telecom
Use Cases
Use Cases
Retail and E-commerce
Use Cases
Use Cases
Oil, Gas, and Energy
Use Cases
Other Industry Verticals
Use Cases
By Geography
North America
United States
United Kingdom
Rest of Europe
Rest of Asia-Pacific
Latin America
Rest of Latin America
Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of GCC
South Africa
Rest of Middle East & Africa
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Enterprise Resource Planning (ERP) Market Research FAQs

The Enterprise Resource Planning Market size is expected to reach USD 65.25 billion in 2024 and grow at a CAGR of 9.76% to reach USD 103.95 billion by 2029.

In 2024, the Enterprise Resource Planning Market size is expected to reach USD 65.25 billion.

Microsoft Corporation, SAP SE, Intuit, Constellation Software and FIS are the major companies operating in the Enterprise Resource Planning Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Enterprise Resource Planning Market.

In 2023, the Enterprise Resource Planning Market size was estimated at USD 59.45 billion. The report covers the Enterprise Resource Planning Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Enterprise Resource Planning Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Emerging trends in the Enterprise Resource Planning (ERP) Market are: a) Adoption of cloud-based ERP solutions b) Increased focus on mobile accessibility c) Incorporation of artificial intelligence (AI) d) Integration of Internet of Things (IoT) technologies

ERP Software Industry Report

The Global Enterprise Resource Planning (ERP) Market is witnessing remarkable growth, fueled by the need for operational efficiency and streamlined business processes in various sectors. This surge is largely due to digital transformation, pushing organizations to adopt ERP software to enhance decision-making, improve transparency, and foster data-driven strategies. The ERP market size is expanding, with a notable shift towards cloud-based solutions, especially among small and medium-sized enterprises, to cut costs and boost competitiveness. Mobile and cloud applications are elevating the ERP software market, offering flexibility for businesses to access data and manage operations remotely. The market caters to diverse business functions like financial management and supply chain management, with significant adoption in manufacturing, Banking, Financial Services and Insurance (BFSI), IT & telecom, and healthcare sectors to optimize processes. Key regions like North America, Europe, and the Asia Pacific are at the forefront of ERP software adoption, Due to technological advancements. Current ERP software trends focus on enhancing user experience, integrating cutting-edge technologies, and providing industry-specific solutions, addressing the evolving needs of global businesses. For detailed insights, Mordor Intelligence™ offers a comprehensive analysis, including market share, size, revenue growth rate, and a forecast outlook, available as a free report PDF download.

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ERP Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)