Key Highlights
• Companies use enterprise resource planning (ERP) solutions to help them manage their business and processes more efficiently. Currently, the business operations of ERP solutions have evolved from small service and planning operations to the integration of all business processes, including key responsibilities such as recruiting and decision making. ERP software consists of several software modules, each focused on a specific business area such as purchasing, inventory management, accounting, finance, and human resources. This model can be modified to meet the needs of the organization. However, the availability of open ERP applications and the high cost of ERP software technologies hinder the growth of the ERP market. On the contrary, the increasing use of ERP solutions for SMEs today and the rapid change of business models should provide positive results for the expansion of the working capital technology business during the forecast period.
• The market size of the worldwide Process ERP Software Market surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• In January 2021, SAP SE acquires Signavio GmbH, process management and business intelligence. The acquisition of Signavio by SAP Business Process Intelligence can help improve and transform an organization's business processes at scale.
• The need for transparent business processes and operational efficiency has driven companies around the world to adopt a variety of business models. Advances in technology have reduced the complexity of enterprise resource development software systems and allowed third-party applications to better manage business processes. According to PwC's 22nd annual Global CEO Survey, 80% of CEOs believe the product market will have a significant impact on their organizations and business models in the coming years. Companies around the world are trying to improve their business processes to increase efficiency while reducing costs. Organizations are looking for solutions to solve many business problems, including sales and marketing, purchasing and supply chain management. Integrated ERP software makes work easier and more efficient. Data entry is no longer required and companies can view all data on a unified platform. This cloud-based software can make complex processes such as multi-step planning simple and easy.
Scope of the Application Profile
Key Players
• IBM Corporation (US)
• Capgemini (France)
• Cognizant (US)
• Oracle (US)
• Wipro Limited (India)
• Accenture (Ireland)
• Tata Consultancy Services Limited (India)
• HCL Technologies Limited (Noida)
• NTT DATA, Inc. (Japan)
• DXC Technology Company (US)
Segmentation
By Organization Size
• Large Enterprises
• Small & Medium-Sized Enterprises
By Deployment
• Public Cloud
• Private Cloud
• Hybrid Cloud
• On-Premises
By Business Process
• Finance & Accounting
• Sales & Marketing
• Customer Service & Support
• Operations & Management
• Reporting & Analytics
• Procurement & Supply Chain Management
• Other Processes
By Industry
• BFSI
• IT & Telecommunication
• Manufacturing
• Healthcare & Pharma
• Government Institutes
• Other Industries
What to Expect from Application Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Process ERP Software market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Process ERP Software market.
3. Leading company profiles reveal details of key Process ERP Software market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Process ERP Software market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• In July 2022, Introduce partners with Syntellis commercial service providers to help healthcare users access the Syntellis Axiom Healthcare Suite. The package provides EPM tools with data-driven insights to improve company performance.
• In February 2022, SAP SE and IBM Corporation collaborate to bring enterprise resource planning (ERP) to the cloud. Through this partnership, IBM offers SAP S/4HANA on the IBM Cloud for SAP customers. SAP S/4HANA is the right ERP solution for most organizations.
• In November 2021, Oracle Corp. announced that it will help Honda Motor improve its production in Japan using Oracle Fusion Cloud ERP. 4,000 suppliers and 25,000 employees use the Oracle Fusion cloud provisioning platform.
• In October 2021: Microsoft Corporation acquires Clear Software Business Process Solutions to develop ERP software to automate business operations.
• In January 2021, SAP SE acquires Signavio GmbH, process management and business intelligence. The acquisition of Signavio by SAP Business Process Intelligence can help improve and transform an organization's business processes at scale..
Segment Insights
By Organisation
The main market segment contains the largest market share. Factors such as improved efficiency, reduced production costs and centralized data collection for distribution should increase demand for products by large companies during the forecast period. For example, SYSPRO software helps large companies manage global and multi-enterprise operations through accessible tools. In addition, full compliance with government regulations promotes supply across multiple industries, increasing efficiency and reducing operational complexity. In addition, the SME segment is expected to grow at the highest CAGR over the forecast period. Cloud ERP is available to help SMEs improve their business processes and increase cost effectiveness so they can stay competitive in the market. In addition, expanding SMEs need appropriate knowledge management and demand is expected to increase.
By Deployment
The cloud segment will hold the largest market share during the forecast period. Lower cost and ability to integrate with mobile phones and tablets are expected to drive the cloud market segment during the forecast period. Cloud solutions allow businesses to store data on the Internet and provide tools to recover that data in case of data loss or breach. In addition, the hybrid segment is expected to grow at the highest CAGR over the forecast period. The main factors driving the growth of the hybrid deployment model are the availability of big data from cloud computing, the increasing demand for better user experience, and key players investing in hybrid ERP solutions.
Regional Insights
North America is a large market due to the growing need to do business in digital ways; Rapid changes in the business direction of cloud computing, more advanced business models, and increased penetration of new businesses are driving cloud business resource planning (ERP) practices. Region is well developed, and many well-known companies in the market are constantly developing new products, cooperating with other companies to expand their services to end product users. Such developments in the region increase the demand for the ERP market. According to Epicor Software's annual Insights Report, 94% of midsize and large businesses in the US have cloud computing. Additionally, 94% believe the cloud will help future-proof their business. Cloud ERP is one of the most important investments of companies in the region. ERP Warehouse Management Systems (WMS) etc. adoption is followed by cloud adoption.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 PROCESS ERP SOFTWAR MARKET
OVERVIEW, BY ORGANIZATION SIZE
6.1 Global Market Revenue & Share Analysis, By Organization
Size
6.1.1 Large Enterprises
6.1.2 Small & Medium-Sized Enterprises
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 PROCESS ERP SOFTWAR MARKET
OVERVIEW, BY DEPLOYMENT
7.1 Global Market Revenue & Share Analysis, By Deployment
7.1.1 Public Cloud
7.1.2 Private Cloud
7.1.3 Hybrid Cloud
7.1.4 On-Premises
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 PROCESS ERP SOFTWAR MARKET
OVERVIEW, BY BUSINESS PROCESS
8.1 Global Market Revenue & Share Analysis, By Business
Process
8.1.1 Finance & Accounting
8.1.2 Sales & Marketing
8.1.3 Customer Service & Support
8.1.4 Operations & Management
8.1.5 Reporting & Analytics
8.1.6 Procurement & Supply Chain Management
8.1.7 Other Processes
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 PROCESS ERP SOFTWAR MARKET
OVERVIEW, BY INDUSTRY
9.1 Global Market Revenue & Share Analysis, By Industry
9.1.1 BFSI
9.1.2 IT & Telecommunication
9.1.3 Manufacturing
9.1.4 Healthcare & Pharma
9.1.5 Government Institutes
9.1.6 Other Industries
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 PROCESS ERP SOFTWAR MARKET OVERVIEW,
BY REGION
10.1 Global Market Revenue & Share Analysis, By Region
10.1.1 North America
10.1.2 Europe
10.1.3 Asia Pacific
10.1.4 Middle East & Africa
10.1.5 South America
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4 Key Takeaways
11 NORTH AMERICA MARKET ANALYSIS
11.1 North America Market Revenue & Share Analysis, By
Organization Size
11.2 North America Market Revenue & Share Analysis, By
Deployment
11.3 North America Market Revenue & Share Analysis, By Business
Process
11.4 North America Market Revenue & Share Analysis, By Industry
11.5 North America Market Revenue & Share Analysis, By Country
11.5.1 US
11.5.2 Canada
11.5.3 Mexico
11.6 Key Takeaways
12 EUROPE MARKET ANALYSIS
12.1 Europe Market Revenue & Share Analysis, By Organization
Size
12.2 Europe Market Revenue & Share Analysis, By Deployment
12.3 Europe Market Revenue & Share Analysis, By Business
Process
12.4 Europe Market Revenue & Share Analysis, By Industry
12.5 Europe Market Revenue & Share Analysis, By Country
12.5.1 UK
12.5.2 Italy
12.5.3 Spain
12.5.4 Germany
12.5.5 France
12.5.6 Rest of Europe
12.6 Key Takeaways
13 ASIA PACIFIC MARKET ANALYSIS
13.1 APAC Market Revenue & Share Analysis, By Organization Size
13.2 APAC Market Revenue & Share Analysis, By Deployment
13.3 APAC Market Revenue & Share Analysis, By Business Process
13.4 APAC Market Revenue & Share Analysis, By Industry
13.5 APAC Market Revenue & Share Analysis, By Country
13.5.1 China
13.5.2 Japan
13.5.3 India
13.5.4 South Korea
13.5.5 Rest of APAC
13.6 Key Takeaways
14 MIDDLE EAST & AFRICA MARKET
ANALYSIS
14.1 MEA Market Revenue & Share Analysis, By Organization Size
14.2 MEA Market Revenue & Share Analysis, By Deployment
14.3 MEA Market Revenue & Share Analysis, By Business Process
14.4 MEA Market Revenue & Share Analysis, By Industry
14.5 MEA Market Revenue & Share Analysis, By Country
14.5.1 GCC
14.5.2 South Africa
14.5.3 Rest of MEA
14.6 Key Takeaways
15 SOUTH AMERICA MARKET ANALYSIS
15.1 SA Market Revenue & Share Analysis, By Organization Size
15.2 SA Market Revenue & Share Analysis, By Deployment
15.3 SA Market Revenue & Share Analysis, By Business Process
15.4 SA Market Revenue & Share Analysis, By Industry
15.5 SA Market Revenue & Share Analysis, By Country
15.5.1 Brazil
15.5.2 Argentina
15.5.3 Rest of SA
15.6 Key Takeaways
16 COMPETITIVE SCENARIO
16.1 Overview
16.2 Key Players Market Share Analysis
16.3 Recent Developments & Source Launches
16.4 Mergers & Acquisitions
16.5 Partnerships, Agreements & Collaborations
17 COMPANY PROFILES
17.1 Overview
17.2 Key players
17.2.1 IBM Corporation (US)
17.2.1.1 Business Overview
17.2.1.2 Product Offered
17.2.1.3 Financial Insights
17.2.1.4 Strategic Developments
17.2.1.4.1 New Product Launches
17.2.1.4.2 Agreements & Collaborations
17.2.1.5 Business Aspects (NOISE Analysis)
17.2.1.5.1 Key Strengths
17.2.1.5.2 Opportunities
17.2.1.5.3 Weaknesses & Competitive Threats
17.2.1.5.4 Needs & Improvements
17.2.2 Capgemini (France)
17.2.3 Cognizant (US)
17.2.4 Oracle (US)
17.2.5 Wipro Limited (India)
17.2.6 Accenture (Ireland)
17.2.7 Tata Consultancy Services Limited (India)
17.2.8 HCL Technologies Limited (Noida)
17.2.9 NTT DATA, Inc. (Japan)
17.2.10 DXC Technology Company (US)
18 DISCLAIMER
19 APPENDIX
