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In 2019, the global ERP software market grew by 9%, resulting in a worldwide value of approximately $39 billion in total software revenue.
The ERP market remains in a phase of rapid expansion, with total market size expected to exceed $49.5 billion by 2025.
Revenue growth occurred for ERP in all areas in 2019, with strong growth for administrative ERP with financial management software (FMS) growth at 7%and human capital management (HCM) growth at 10%.
Defense & aerospace, retail and government utility sectors are driving a significant portion of ERP market growth.
The ERP market size in North America is worth over $10 billion.
Asia-Pacific is an emerging ERP market expected to achieve a compound annual growth rate (CAGR) of 9.8% through 2027.
In a survey of IT decision-makers, 53% said ERP was an investment priority, in addition to CRM.
50% of companies are soon acquiring, upgrading or planning to update ERP systems soon.
The global ERP software market is expected to reach $78.4 billion by 2026.
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