Region:North America
Author(s):Sanjna Verma
Product Code:KROD226
Enterprise Resource Planning (ERP) systems are software solutions which help the organizations manage & integrate various business processes, including finance, human resources, supply chains, manufacturing, customer relationship management & more. The US Enterprise Resource Planning market is one of the largest in the world, given its size & complexity in the country’s economy. With the increasing importance of remote work & mobile capabilities, ERP systems were designed to be accessible from various devices allowing employees to access critical business data from everywhere.
ERP vendors have been incorporating technologies like Artificial Intelligence (AI), machine learning, Internet of Things & analytics into their platforms to provide enhanced insights & predictive capabilities. Many vendors have been placing more emphasis on user-friendly interfaces & intuitive designs to improve user adoption & satisfaction. They have also developed industry-specific solutions which cater to the unique needs & challenges of various sectors, such as manufacturing, healthcare, retail & more. Several major players have been dominant in the US market which includes SAP, Oracle, SYSPRO, Epicor, Acumatica etc.
US Enterprise Resource Planning Market has experienced consolidation over the past few years, with a few major ERP vendors dominating a significant portion of the market share. Companies like SAP, Oracle, Microsoft etc. have been recognized as leaders in the ERP space. However, the US Enterprise Resource Planning Market has experienced fragmentation with numerous ERP software providers, each focusing on different industries & niches.
By Type: Currently, the Cloud market has been dominating in the US Enterprise Resource Planning market in 2022. Cloud-based ERPs are gaining popularity because of its scalability, flexibility, cost-effectiveness & accessibility from anywhere with an internet connection. They also eliminate the need for on-premises infrastructure & maintenance.
By Application: In 2022, retail & manufacturing industries have been significantly using enterprise resource planning system software due to their complex supply chain management, inventory tracking, order & processing, production planning, data integration, customer relationship management, among other requirements. All in all, the integration, optimization of ERP systems makes it highly beneficial to manage their operations.
By Geography: The US Enterprise Resource Planning is divided into North, South, East & West regions.In 2022, the northern region of US has shown a significant rise in Enterprise Resource Planning activities due to the North region have a higher concentration of large enterprises that require comprehensive ERP solutions to manage their operations efficiently. Such businesses has driven the demand for ERP systems and services, followed by
Several large & well-known enterprise resources planning (ERP) vendors have a significant presence in the USA market. These vendors provide enterprise related solutions to various industries & business sizes. Some major players include SAP, Oracle, Microsoft Dynamics, Infor, Epicor. Cloud based ERP solutions have gained immense popularity due to its scalability, flexibility & scale of deployment. Vendors like NetSuite, Acumatica & Plex Systems offer cloud-based ERP solutions which cater to different industries. Many industries have unique needs that generic ERP solutions may fail to cater to. As a result, specialized ERP vendors have emerged to cater to specific sectors like healthcare, construction, aerospace & more. The ERP market has seen a rise of newer innovative players that leverage modern technology like artificial intelligence, machine learning & analytics to offer next generation ERP solutions. These players aim to provide improved user experiences, automation & real time insights.
US Enterprise Resource Planning market is expected to show increasing and is expected to grow at a CAGR of ~9% from 2022 to 2028 with rapid globalization & technological advancements in the enterprise resource planning industry, in order to compete with the global companies.
US Enterprise Resource Planning Market Segmentation |
|
By Type |
Cloud Mobile Social Two-tier |
By Application |
Manufacturing Retail Governance Retail Healthcare |
By Geography |
North South East West |
2.1 Taxonomy of the US Enterprise Resource Planning Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for the US Enterprise Resource Planning Market
2.5 Growth Drivers of the US Enterprise Resource Planning Market
2.6 Issues and Challenges of the US Enterprise Resource Planning Market
2.7 Impact of COVID-19 on the US Enterprise Resource Planning Market
2.8 SWOT Analysis
4.1 By Product Type, 2017 - 2022
4.2 By Application, 2017 - 2022
4.3 By Regional Split (North/East/West/South), 2017 - 2022
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles
5.3.1 SYSPRO
5.3.2 SAP
5.3.3 Oracle
5.3.4 Microsoft
5.3.5 IBM
5.3.6 Infor
5.3.7 Epicor
7.1 By Product Type, 2022 - 2028
7.2 By Application, 2022 - 2028
7.3 By Regional Split (North/East/West/South), 2022 - 2028
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Collating statistics on enterprise resource planning over the years, penetration of marketplaces and service providers ratio to compute revenue generated for enterprise resource planning services. We will also review service quality statistics to understand revenue generated which can ensure accuracy behind the data points shared.
Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Our team has approached multiple enterprise resource planning channels and understanded nature of product segments and sales, consumer preference and other parameters, which supported us validate statistics derived through bottom to top approach from enterprise resource planning providers.
The Enterprise Resource Planning market size reached US$ 15 billion in 2023 and is expected to reach US$ 25 billion by 2028 with a CAGR of 9% during the forecast period 2022-2028.
The ERP software which is mostly used in USA is Oracle Netsuite.
SAP, SYSPRO, Oracle, Microsoft, IBM, Infor, Epicor are market leader in ERP market.
Cloud ERP, Mobile ERP, Social ERP and Two-tier ERP are some common types of ERP.
Development and advancement of cloud and mobile applications and rise in demand from from small and medium enterprises are one of the key factors driving ERP software market.
The Manufacturing industry has been majorly using ERP system software due to their complex supply chain management, inventory tracking and order & processing.
The 5 components of ERP are Finance, Human Resources (HR), Manufacturing and Logistics, Supply Chain Management (SCM), and Customer Relationship Management (CRM).
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