Asia Pacific Enterprise Resource Planning (ERP) Software Market Size, Share & COVID-19 Impact Analysis, By Enterprise Type (Small & Medium Enterprises (SMEs) and Large Enterprises), By Deployment (Cloud, On-premise, and Hybrid), By Business Function (Financial Management, Human Capital Management, Supply Chain Management, Customer Management and Others (Sourcing & Procurement)), By End-user (Manufacturing, BFSI, IT & Telecom, Retail & Consumer Goods, Healthcare & Life Sciences, Transportation & Logistics, Government, and Others), and Regional Forecasts, 2023-2030

Asia Pacific is the third largest region in the global Enterprise Resource Planning (ERP) software market. It is projected to grow at a CAGR of 9.0% during the forecast period. The global Enterprise Resource Planning (ERP) software market is projected to grow from USD 44.47 billion in 2022 to USD 71.34 billion by 2030.

The rising number of start-ups and SMEs adopting cloud-based ERP software, the expansion of ERP vendors across the region, and the increasing manufacturing setups offer lucrative opportunities for the Asia Pacific ERP software market growth.

Our report on the Asia Pacific Enterprise Resource Planning software market covers the following countries/regions - China, India, Japan, Southeast Asia, Australia, and the Rest of Asia Pacific.

LATEST TRENDS

Increase of Mobility to Fuel the Demand for the Software

The use of mobile devices is increasing in the Asia Pacific, and Enterprise Resource Planning software vendors are responding by providing mobile applications that enable employees to access critical business information and perform their work on the go. Moreover, mobile ERP applications can improve productivity, reduce response time, and provide real-time visibility into business operations. These factor will boost the Asia Pacific ERP software market share.

DRIVING FACTORS

Growth of the Manufacturing Industry to Drive Market Growth

Asia Pacific has many manufacturing hubs, such as China, India, and Southeast Asia. Enterprise Resource Planning (ERP) software allows manufacturers to manage their production processes, inventory, and supply chain more efficiently and streamlined. In addition, manufacturing companies in the region are increasingly focusing on quality control, and ERP software can help to support this effort. Hence, by providing real-time data on product quality, such systems can help companies identify and address quality issues more quickly, reducing waste and improving customer experience.

RESTRAINING FACTORS

High Implementation Costs of the Software to Impede the Growth

The cost of implementing and maintaining ERP software can be a significant barrier for many companies in the Asia Pacific, particularly for Small And Medium-sized Enterprises (SMEs). While the benefits of ERP systems are clear, the upfront and ongoing costs can be a significant financial burden for some organizations, hindering the market of the region.

KEY INDUSTRY PLAYERS

In terms of the competitive landscape, this market depicts the presence of emerging and established companies established in Asia Pacific. In addition, the aim toward higher investments in these solutions and government support enabled the organizations to deliver enhanced ERP solutions.

LIST OF KEY MARKET COMPANIES PROFILED:

• Tigernix Pte Ltd. (Singapore)
• Synergix Technologies (Singapore)
• Focus Softnet Pvt. Ltd. (India)
• IFS AB (Sweden)
• Deskera Holdings Ltd. (Singapore)
• HashMicro (Singapore)
• 3i Infotech Ltd. (India)
• Rorko (India)
• Accentuate Pte Ltd. (Singapore)
• ERPNext (India)

KEY INDUSTRY DEVELOPMENTS:

• In August 2022: Ramco Systems expanded its highly developed Logistics-ERP software, resulting in 1% increase in its stock price. This Enterprise Resource Planning software solution acceptance at Freight Specialists effectively automated its corporate services and functions across the region.
• In August 2021: Acumatica, a provider of cloud and browser-based Enterprise Resource Planning software, announced its rapid expansion across Asia Pacific to develop support channels and better serve consumers in South Asia.

REPORT COVERAGE

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The research report on the Asia Pacific market includes key areas to understand the industry better. Additionally, the research provides insights into the most recent market trends and analyses of technologies implemented worldwide. Further, it highlights the growth restrictions and elements, allowing the reader to understand the market.

Report Scope & Segmentation