NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET FORECAST 2020-2028

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NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET FORECAST 2020-2028

The enterprise resource planning (ERP) market of North America is estimated to record a CAGR of 5.01% over the forecast period, 2020-2028. ERP software has been adopted by different types of businesses to face competition in the North American market. One of the important factors surging the ERP market growth is the businesses getting converted from on-premise to cloud-enabled ERP software, which has low implementation and maintenance costs. In order to study the growth prospects of the North American enterprise resource planning (ERP)  market further, the market region is divided into the US and Canada. In the US, one of the main forces propelling the ERP adoption is the increasing demand for internal process efficiency mainly through digital methods.

NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET FORECAST 2020-2028

North America Enterprise Resource Planning (Erp) Market by Deployment (on-premise, Cloud, Hybrid) by Organization Size (Large Enterprises, Medium Enterprises, Small Enterprises) by Business Functions (Finance, Human Resource (Hr), Supply Chain, Customer Management, Inventory Management, Manufacturing Module, Other Business Functions) by End User (Retail, Manufacturing, Banking, Financial Services & Insurance (Bfsi), Government, It & Telecommunication, Healthcare, Military and Defense, Other End Users) by Geography.

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The enterprise resource planning (ERP) market of North America is estimated to record a CAGR of 5.01% over the forecast period, 2020-2028. ERP software has been adopted by different types of businesses to face competition in the North American market. One of the important factors surging the ERP market growth is the businesses getting converted from on-premise to cloud-enabled ERP software, which has low implementation and maintenance costs.

In order to study the growth prospects of the North American enterprise resource planning (ERP)  market further, the market region is divided into the US and Canada. In the US, one of the main forces propelling the ERP adoption is the increasing demand for internal process efficiency mainly through digital methods. As per the IFS AB report, 41% of the companies invest in ERP solutions to enhance their internal process efficiency. The manufacturing and logistics vendors are adopting augmented reality (AR) and artificial intelligence (AI) technologies to sensor the data collected from robots and machines. This is encouraging the ERP vendors to develop industry-specific ERP software. Though the adoption of ERP in US hospitals has grown considerably in the last decade, about 60% of the total number of US hospitals do not have an ERP solution installed at present. Currently, near about 200 hospitals are installing, contracting, or planning to purchase the ERP solution, thereby driving the market growth.

Epicor Software Corporation, headquartered in Austin, Texas, the US, is a major player of industry-specific business software operating in Europe, America, and the Asia Pacific. The company is mainly dependent on ERP products, and the decline of on-premises software affects the company’s revenue. The company entails 20,000 customer base in 150 countries around the world.

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  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • PARENT MARKET ANALYSIS: ENTERPRISE APPLICATION MARKET
    • DEVELOPMENT OF ENTERPRISE RESOURCE PLANNING (ERP)
    • MARKET DEFINITION
    • KEY DRIVERS
      • NEED FOR CONTINUOUS IMPROVEMENT OF BUSINESS PROCESSES & OPERATIONAL EFFICIENCY
      • INCREASING FOCUS ON REAL-TIME DECISION-MAKING & COMPETITIVE STRATEGIES
      • RAPID ADOPTION OF CLOUD BASED ERP SOLUTIONS
    • KEY RESTRAINTS
      • HIGH COSTS ASSOCIATED WITH ERP SOLUTIONS
      • PRESENCE OF LARGE NUMBER OF OPEN-SOURCE ERP VENDORS
      • VULNERABILITIES IN ERP APPLICATIONS
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    • PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
    • KEY BUYING CRITERIA
      • COMPATIBILITY
      • COST-EFFECTIVENESS
      • EASE OF USE
      • SECURITY
  1. MARKET BY DEPLOYMENT
    • ON-PREMISE
    • CLOUD
    • HYBRID
  2. MARKET BY ORGANIZATION SIZE
    • LARGE ENTERPRISES
    • MEDIUM ENTERPRISES
    • SMALL ENTERPRISES
  3. MARKET BY BUSINESS FUNCTIONS
    • FINANCE
    • HUMAN RESOURCE (HR)
    • SUPPLY CHAIN
    • CUSTOMER MANAGEMENT
    • INVENTORY MANAGEMENT
    • MANUFACTURING MODULE
    • OTHER BUSINESS FUNCTIONS
  4. MARKET BY END USER
    • RETAIL
    • MANUFACTURING
    • BANKING, FINANCIAL SERVICES & INSURANCE (BFSI)
    • GOVERNMENT
    • IT & TELECOMMUNICATION
    • HEALTHCARE
    • MILITARY AND DEFENSE
    • OTHER END USERS
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
  1. COMPANY PROFILES
    • DESKERA HOLDINGS LTD
    • EPICOR SOFTWARE CORPORATION
    • INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
    • INDUSTRIAL AND FINANCIAL SYSTEMS, IFS AB
    • INFOR INC.
    • IQMS (ACQUIRED BY DASSAULT SYSTEMES)
    • MICROSOFT CORPORATION
    • ORACLE CORPORATION
    • PLEX SYSTEMS INC. (ACQUIRED BY FRANCISCO PARTNERS)
    • QAD INC
    • RAMCO SYSTEMS LIMITED (RSL)
    • THE SAGE GROUP PLC
    • SAP SE
    • SYSPRO (PTY) LTD.
    • UNIT4 N.V. (ACQUIRED BY ADVENT INTERNATIONAL)
    • WORKDAY INC

TABLE LIST

TABLE 1: MARKET SNAPSHOT – ENTERPRISE RESOURCE PLANNING (ERP)

TABLE 2: DEVELOPMENT OF ENTERPRISE RESOURCE PLANNING (ERP)

TABLE 3: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY DEPLOYMENT, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 4: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY DEPLOYMENT, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 5: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY ORGANIZATION SIZE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 6: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY ORGANIZATION SIZE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 7: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY BUSINESS FUNCTIONS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 8: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY BUSINESS FUNCTIONS, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 9: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY END USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 10: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY END USER, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 11: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 12: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

FIGURE LIST 

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: VALUE CHAIN ANALYSIS

FIGURE 6: KEY BUYING CRITERIA

FIGURE 7: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, GROWTH POTENTIAL, BY DEPLOYMENT, IN 2019

FIGURE 8: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, ON-PREMISE, 2020-2028 (IN $ MILLION)

FIGURE 9: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, CLOUD, 2020-2028 (IN $ MILLION)

FIGURE 10: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, HYBRID, 2020-2028 (IN $ MILLION)

FIGURE 11: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, GROWTH POTENTIAL, BY ORGANIZATION SIZE, IN 2019

FIGURE 12: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, LARGE ENTERPRISES, 2020-2028 (IN $ MILLION)

FIGURE 13: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, MEDIUM ENTERPRISES, 2020-2028 (IN $ MILLION)

FIGURE 14: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, SMALL ENTERPRISES, 2020-2028 (IN $ MILLION)

FIGURE 15: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, GROWTH POTENTIAL, BY BUSINESS FUNCTIONS, IN 2019

FIGURE 16: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, FINANCE, 2020-2028 (IN $ MILLION)

FIGURE 17: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, HUMAN RESOURCE (HR), 2020-2028 (IN $ MILLION)

FIGURE 18: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, SUPPLY CHAIN, 2020-2028 (IN $ MILLION)

FIGURE 19: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, CUSTOMER MANAGEMENT, 2020-2028 (IN $ MILLION)

FIGURE 20: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, INVENTORY MANAGEMENT, 2020-2028 (IN $ MILLION)

FIGURE 21: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, MANUFACTURING MODULE, 2020-2028 (IN $ MILLION)

FIGURE 22: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, OTHER BUSINESS FUNCTIONS, 2020-2028 (IN $ MILLION)

FIGURE 23: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, GROWTH POTENTIAL, BY END USER, IN 2019

FIGURE 24: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, RETAIL, 2020-2028 (IN $ MILLION)

FIGURE 25: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, MANUFACTURING, 2020-2028 (IN $ MILLION)

FIGURE 26: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BANKING, FINANCIAL SERVICES & INSURANCE (BFSI), 2020-2028 (IN $ MILLION)

FIGURE 27: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, GOVERNMENT, 2020-2028 (IN $ MILLION)

FIGURE 28: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, IT & TELECOMMUNICATION, 2020-2028 (IN $ MILLION)

FIGURE 29: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, HEALTHCARE, 2020-2028 (IN $ MILLION)

FIGURE 30: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, MILITARY AND DEFENSE, 2020-2028 (IN $ MILLION)

FIGURE 31: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, OTHER END USERS, 2020-2028 (IN $ MILLION)

FIGURE 32: NORTH AMERICA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 33: UNITED STATES ENTERPRISE RESOURCE PLANNING (ERP) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 34: CANADA ENTERPRISE RESOURCE PLANNING (ERP) MARKET, 2020-2028 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
  1. MARKET BY DEPLOYMENT
    • ON-PREMISE
    • CLOUD
    • HYBRID
  2. MARKET BY ORGANIZATION SIZE
    • LARGE ENTERPRISES
    • MEDIUM ENTERPRISES
    • SMALL ENTERPRISES
  3. MARKET BY BUSINESS FUNCTIONS
    • FINANCE
    • HUMAN RESOURCE (HR)
    • SUPPLY CHAIN
    • CUSTOMER MANAGEMENT
    • INVENTORY MANAGEMENT
    • MANUFACTURING MODULE
    • OTHER BUSINESS FUNCTIONS
  4. MARKET BY END USER
    • RETAIL
    • MANUFACTURING
    • BANKING, FINANCIAL SERVICES & INSURANCE (BFSI)
    • GOVERNMENT
    • IT & TELECOMMUNICATION
    • HEALTHCARE
    • MILITARY AND DEFENSE
    • OTHER END USERS

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