Market Insights Technology Software Enterprise Software

Enterprise Resource Planning Software - Worldwide

Worldwide

Revenue in the Enterprise Resource Planning Software market is projected to reach US$49.38bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2028) of 4.78%, resulting in a market volume of US$62.36bn by 2028.
The average Spend per Employee in the Enterprise Resource Planning Software market is projected to reach US$14.19 in 2023.
The global market share of Infor was 0.00% in 2020.
In global comparison, most revenue will be generated in the United States (US$25,300.00m in 2023).

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

Market

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Currency

Analyst Opinion

Companies’ needs for data insights, customer analyses, and all kinds of business processes have strongly increased due to digitization and data that is collected online. This development drives the demand for Enterprise Software especially Business Intelligence (BI) Software. Next to BI, Enterprise Resource Planning (ERP), Customer Relationship Management (CRM) and Supply Chain Management (SCM) Software is included in the Enterprise Software segment. In general, Enterprise Software supports the digitization processes of companies and accounts for almost half of total software revenues. CRM is the leading Enterprise Software segment as customer orientation is of great importance in digital business environments in order to stand out from the competition.

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.