"Smart Strategies, Giving Speed to your Growth Trajectory"

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

Last Updated: October 21, 2024 | Format: PDF | Report ID: FBI107427

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The U.S. Enterprise Resource Planning (ERP) software market size was valued at USD 12.06 billion in 2022. The market is projected to grow from USD 12.43 billion in 2023 to USD 15.89 billion by 2030, exhibiting a CAGR of 3.6% during the forecast period.


The market holds the most revenue in the U.S. owing to the high implementation of cloud-based and hybrid ERP systems to improve operational efficiency. The vendors in the country are utilizing this chance to renovate their business models to encourage ERP. For instance,



  • Infor declared a "Three for Free" suite for smaller providers in the U.S. For a limited time, SMEs in the country can obtain a subscription to Infor CloudSuite Distribution for three free user licenses.


In the scope, we have considered Enterprise Resource Planning software offered by key companies such as Oracle Corporation, IBM Corporation, FinancialForce, Workday, Inc., Microsoft Corporation, Brahmin Solutions, Infor, Deltek, Acumatica, Inc., and Epicor.


COVID-19 IMPACT


Increasing Need to Manage Business Processes amid COVID-19 Pandemic to Strengthen the Market Growth


The outbreak of COVID-19 is foreseen to offer favorable opportunities for the U.S. enterprise resource planning software market during the forecast period. A surge in demand for cloud-driven ERP solutions from small and medium-sized businesses is projected to provide opportunities for investors in this market. Further, throughout the post-pandemic, companies in the country focused on solutions that support advanced planning and mitigate the impact of similar events in the future, fueling market growth.


LATEST TRENDS


Request a Free sample to learn more about this report.


Integration of ERP with Other Business Systems to Surge the Demand for the Solution


Integration of other business systems, such as Customer Relationship Management (CRM) and Supply Chain Management (SCM) software, is a growing trend in the U.S. By integrating ERP systems with other systems, organizations can streamline their processes, reduce manual tasks, and gain a more comprehensive view of their operations. Hence, the abovementioned factor will increase the demand for solutions during the forecast period.


DRIVING FACTORS


Rising Demand for Cloud-based ERP Solutions to Drive the Market Growth


Enterprise Resource Planning (ERP) software is a business software that helps organizations manage and integrate their core business processes. Many organizations in the U.S. are moving their IT infrastructure to the cloud, which can provide cost savings, scalability, and flexibility. The U.S. market, software providers in the country are offering cloud-based solutions that can help organizations take advantage of these benefits without needing on-premise hardware and maintenance. For instance,



  • Epicor Software's Annual Insights Report shows that approximately 94% of essential medium-sized businesses in the U.S. are implementing the cloud, up from the 25% that acknowledged the cloud as a strategic priority in 2020. Additionally, 94% believed the cloud would support future-proof their businesses.


Moreover, cloud-based ERP systems allow organizations to access their data and applications from anywhere with an internet connection, which will fuel the market growth.


RESTRAINING FACTORS


Integration with Legacy Systems to Impede the Growth


Many organizations in the U.S. have legacy systems that are difficult to integrate with modern ERP systems. Hence, the above factor can create data silos and lack of visibility into certain areas of the organization, hindering market growth in the country.


SEGMENTATION


By Enterprise Type Analysis


Implementing ERP Solutions for Managing Complex Business Process to Boost the Market


The market is bifurcated into SMEs and large enterprises based on enterprise type.


Among them, large enterprises is anticipated to hold the highest revenue share throughout the forecast period owing to the need to manage complex business processes for large enterprises. Additionally, the increasing spending capacity of large enterprises in the U.S. on adopting the latest technologies and software solutions enables the implementation of cloud-based Enterprise Resource Planning software, boosting segment growth.


Small and medium enterprises segment is expected to grow at the highest CAGR during the forecast period due to factors including reduced production cost, operational efficiency, and on-time product delivery are anticipated to boost demand for Enterprise Resource Planning solutions over the forecast period for SMEs.


By Deployment Analysis


Rise in Demand for Cloud-based Software for Maintaining Data Proficiency to Drive Market Growth


Based on deployment, we have considered it into cloud, on-premise, and hybrid.


The cloud segment leads the market with the highest CAGR owing to its growing adoption in the country. Moreover, the growing adoption of connected devices that efficiently manage business operations and deliver real-time insights enables business owners to opt for cloud-driven ERP solutions to process excessive data proficiently, fueling cloud adoption during the forecast period.


The on-premise model provides high data security and continuous organizational control. Thus, the rising need for benefits mentioned above for business proficiency across the country is expected to increase the demand for on-premise at a moderate rate.


By Business Function Analysis


To know how our report can help streamline your business, Speak to Analyst


Rise in Use of ERP Solutions to Strengthen Financial Transactions and Automate Business Processes to Drive the Market Expansion


Based on business function, the market is segmented into human capital management, financial management, customer management, supply chain management, inventory & work order management, and others.  


Financial management accounted for the largest market share in the country and is expected to continue its dominance throughout the forecast period due to increasing demand by companies to automate accounting and financial tasks.


The inventory & work order management segment is projected to grow at the highest CAGR owing to the rising demand for enterprise resource planning tools to prioritize and coordinate work orders efficiently and accurately. These aforementioned factors will boost the ERP software market share.


By End-user Analysis


Increasing Need for ERP Software across Industries to Propel Market Share


Based on end-user, the market is classified into BFSI, manufacturing, IT & telecom, retail & consumer goods, transportation & logistics, healthcare & life sciences, government, and others (aerospace & defense).


Healthcare & life sciences segment is expected to grow at the highest CAGR throughout the forecast period in the country owing to managing patient records effectively. Implementing this solution in hospitals and healthcare companies would provide benefits such as better patient care, cutting operational costs, and initiating better healthcare processes.


In addition, manufacturing is expected to hold a significant share owing to the rising need to monitor vendor performance and improve visibility throughout the supply chain, which is expected to drive segment growth.


KEY INDUSTRY PLAYERS


The key players in the country are providing a wide range of ERP software solutions across all business segments. Also, through collaborations, players gain expertise and expand their business by reaching a mass customer base. Additionally, the key players focus on market share expansion and customer reach through strategic acquisition.


LIST OF KEY COMPANIES PROFILED:



KEY INDUSTRY DEVELOPMENTS:



  • In May 2022, IBM Corporation extended its collaboration with SAP SE and planned to integrate SAP S/4HANA, an ERP software solution that supports consulting, hardware, software, and finance across 1,000 legal entities, over 120 countries, and numerous IBM business units. This collaboration will benefit the U.S. market growth.

  • In March 2021: Acumatica, Inc., a provider of cloud and browser-based ERP software, introduced a cloud-based Acumatica R1 software that offers best-in-class features and a robust user experience. Such initiatives by significant players in the country are expected to drive the market growth.


REPORT COVERAGE


To gain extensive insights into the market, Request for Customization


The research on the U.S. market includes key areas to understand the industry better. Additionally, the research provides insights into the most recent market trends and analysis of technologies implemented in the U.S. Further, it highlights the growth restrictions and elements, allowing the reader to understand the market.


REPORT SCOPE & SEGMENTATION


























































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 3.6% from 2023 to 2030



Unit



Value (USD Billion)



Segmentation



By Enterprise Type, Deployment, Business Function, and End-user



By Enterprise Type




  • Small & Medium Enterprises (SMEs)

  • Large Enterprises



By Deployment




  • Cloud

  • On-premise

  • Hybrid



By Business Function




  • Financial Management

  • Human Capital Management

  • Supply Chain Management

  • Customer Management

  • Inventory & Work Order Management

  • Others (Sourcing & Procurement)



By End-user




  • Manufacturing

  • BFSI

  • IT & Telecom

  • Retail and Consumer Goods

  • Healthcare & Life Sciences

  • Transportation & Logistics

  • Government

  • Others (Aerospace & Defense)






Frequently Asked Questions

The market is projected to reach USD 15.89 billion by 2030.

The market is projected to grow at a CAGR of 3.6% in the forecast period (2023-2030).

Rising demand for cloud-based ERP solutions to drive the market growth.

Oracle Corporation, IBM Corporation, FinancialForce, Workday, Inc., Microsoft Corporation, Brahmin Solutions, Infor, Deltek, Acumatica, Inc., and Epicor are the major market players in the U.S. market.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts
Speak to an Expert
  • 2019-2030
  • 2022
  • 2019-2021
  • 90
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X