Market Note: Enterprise Resource Planning (ERP)

Written By Gideon Gartner

Market

The ERP market can be divided into two main segments: product-centric ERP and service-centric ERP. Product-centric ERP systems are designed for organizations that manufacture or distribute physical goods, focusing on features such as production planning, inventory management, and supply chain optimization. According to recent market research, the global product-centric ERP market size was valued at approximately $45 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8% from 2023 to 2030, reaching an estimated value of $85 billion by 2030.

On the other hand, service-centric ERP systems cater to organizations primarily focused on providing services, such as consulting firms, financial institutions, or IT service providers. These ERP systems emphasize features like customer relationship management, project management, and professional services automation. The global service-centric ERP market size was estimated at $35 billion in 2022 and is projected to grow at a CAGR of 10% from 2023 to 2030, reaching an estimated value of $75 billion by 2030. The combined global ERP market, encompassing both product-centric and service-centric segments, was valued at approximately $80 billion in 2022 and is expected to grow at a CAGR of 9% from 2023 to 2030, reaching an estimated value of $160 billion by 2030.

Product-Centric ERP Vendors:

  1. SAP

  2. Oracle

  3. Microsoft Dynamics

  4. Infor

  5. Epicor

  6. Sage

  7. Plex Systems

  8. IQMS

  9. QAD

  10. JD Edwards

  11. Kinetic (Epicor)

  12. SYSPRO

  13. Ramco ERP

  14. ABAS ERP

  15. ERPAG

  16. Genius ERP

  17. Prodsmart

  18. Deskera

Service-Centric ERP Vendors:

  1. SAP

  2. Oracle

  3. Microsoft Dynamics

  4. Infor

  5. NetSuite

  6. Workday

  7. Acumatica

  8. Deltek

  9. IFS

  10. Odoo

  11. Ramco Systems

  12. Visma

  13. Unit4

  14. Sage Intacct

  15. HashMicro

  16. Striven

  17. Deltek Vision

  18. Priority

  19. Brightpearl

  20. Microsoft Project

  21. IBM Maximo

  22. Kinaxis

  23. Pipefy

  24. MRPeasy

  25. Jobber

Please note that some vendors, such as SAP, Oracle, Microsoft Dynamics, and Infor, offer ERP solutions for both product-centric and service-centric organizations. These vendors provide a range of modules and functionalities that cater to the specific needs of each market segment.

SOURCES

Market Size & Growth

  • Fortune Business Insights (2024): "The global Enterprise Resource Planning (ERP) software market size is projected to grow from $81.15 billion in 2024 to $238.79 billion by 2032"

Cloud Adoption & Spending

  • Gartner Research (2021): "Worldwide end-user spending on public cloud services is forecast to grow 18.4% in 2021 to total $304.9 billion, up from $257.5 billion in 2020"

  • Gartner Analysis: "Cloud projected to make up 14.2% of the total global enterprise IT spending market in 2024 (up from 9.1% in 2020)"

Technology Market Growth

  • MarketsandMarkets Report: "The global NLP market is projected to grow from $11.6 billion in 2020 to $35.1 billion by 2026, at a CAGR of 20.3%"

  • Forrester Report: "The low-code market will grow from $13.8 billion in 2020 to $21.2 billion by 2022, at a CAGR of 40%"

Implementation Benefits

  • McKinsey & Company Report: "Predictive maintenance can reduce maintenance costs by 10-40% and decrease downtime by 50%"

Note: All data points are sourced from the provided document set. Some figures may need to be updated with more current market research.

Gideon Gartner https://GartnorGroup.com
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