Market Insights Technology Software Enterprise Software

Enterprise Resource Planning Software - Australia

Australia

Revenue in the Enterprise Resource Planning Software market is projected to reach US$0.89bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.72%, resulting in a market volume of US$1.03bn by 2028.
The average Spend per Employee in the Enterprise Resource Planning Software market is projected to reach US$63.94 in 2024.
In global comparison, most revenue will be generated in the United States (US$26,440.00m in 2024).

Key regions: Australia, South Korea, China, United States, Japan

Market

Region

Region comparison

Currency

Analyst Opinion

The Enterprise Resource Planning (ERP) software market in Australia has been experiencing steady growth over the past few years.

Customer preferences: Australian businesses have been increasingly adopting cloud-based ERP solutions due to their flexibility and cost-effectiveness. Small and medium-sized enterprises (SMEs) are also showing interest in ERP solutions as they are becoming more affordable and easier to implement. Additionally, there is a growing demand for mobile ERP solutions in Australia as businesses look to improve their operational efficiency and productivity.

Trends in the market: One of the major trends in the ERP market in Australia is the shift towards cloud-based solutions. Many businesses are looking for ERP systems that can be accessed from anywhere and at any time, which has led to an increase in the adoption of cloud-based solutions. Another trend is the integration of artificial intelligence (AI) and machine learning (ML) into ERP systems. This enables businesses to automate their processes and make data-driven decisions.

Local special circumstances: The Australian government has been promoting the adoption of digital technologies by businesses through various initiatives. This has led to an increase in the adoption of ERP solutions, as businesses look to modernize their operations and stay competitive. Additionally, the country's strong economy and stable political environment have created a conducive environment for businesses to invest in ERP solutions.

Underlying macroeconomic factors: The Australian economy has been performing well in recent years, with a stable GDP growth rate and low unemployment. This has led to an increase in business confidence and investment in technology solutions. Additionally, the country's proximity to Asia has made it an attractive destination for businesses looking to expand their operations in the region. This has led to an increase in demand for ERP solutions, as businesses look to streamline their operations and improve their competitiveness.

Methodology

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.