Market by Enterprise Size (Large Enterprises, Medium Enterprises, Small Enterprises) Deployment (On-Premise, Cloud, Hybrid) Application (Finance, Human Resource (HR), Supply Chain, Customer Management, Inventory Management, Manufacturing Module, Other Applications) Vertical (Retail, Manufacturing, Banking, Financial Services, & Insurance (BFSI), Government, IT and Telecom, Healthcare, Military and Defense, Other Verticals) and Country Outlook | Forecast 2024-2032
As per Triton’s research report, the Asia-Pacific enterprise resource planning (ERP) market is projected to advance in terms of revenue at a CAGR of 12.08% during the forecasting period 2024-2032.
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Asia-Pacific is home to numerous manufacturing firms due to the accessibility of resources and low labor costs. Many enterprises in this region have adopted on-premise enterprise resource planning solutions to enhance productivity and business performance. Besides, advancements in IT infrastructure are expected to boost the demand for cloud-based ERP software. Further, small and medium-sized enterprises (SMEs) and start-ups in the region favor cloud-enabled ERP solutions due to their lower cost compared to on-premise alternatives. As per estimates, SMEs account for around 98% of all enterprises in the region, employing approximately 50% of the workforce. This growth significantly contributes to the ERP market’s expansion.
The countries analyzed in this region include:
China dominates the regional market share, recording around $5.25 billion in 2023
The Chinese government actively promotes industry digitization through policies and initiatives encouraging advanced technology adoption, including ERP systems. The ‘Made in China 2025’ initiative, for example, highlights IT integration in manufacturing to boost operational efficiency and competitiveness.
Small and medium-sized enterprises (SMEs) are increasingly implementing ERP systems to streamline operations, improve decision-making, and maintain competitiveness. As per the Chinese Ministry of Commerce, around 60% of Chinese SMEs have adopted some form of ERP system to improve their operational efficiency and decision-making processes.
Rapid technological advancements such as AI-powered analytics and hyper-automation facilitate efficient data processing, real-time insights, and customized user experiences, enhancing the appeal of ERP systems. A study by the China Academy of Information and Communications Technology (CAICT) found that approximately 30% of new ERP systems in China incorporate AI-powered analytics.
Market Forecast for Japan & India
The Japanese ERP software market is witnessing various innovations aimed at expanding new business areas and reforming indirect material procurement to reduce costs and enhance operational efficiency. In November 2021, Oracle Corporation Japan announced its collaboration with Honda Motor to improve procurement efficiency using Oracle Fusion Cloud Enterprise Resource Planning (ERP). Moreover, Honda and its subsidiaries now utilize Oracle Fusion Cloud Procurement, a component of Oracle Cloud ERP, to centralize indirect material purchases for their Japanese operations, which were previously managed independently by each company. Such developments by major companies create novel opportunities for other players in the enterprise resource planning market.
India is experiencing significant opportunities for digital transformation. Many companies are opting to manage enterprise computing in the cloud, facilitating transformation-as-a-service. This approach allows companies to streamline and expedite their digital advancements beyond mere technical upgrades. For example, SAP’s ‘RISE with SAP’ cloud ERP solution is being widely adopted by Indian businesses. Additionally, government support is another factor supporting the adoption of enterprise resource planning solutions. For instance, recently, The University of Jammu took a significant step towards enhancing transparency, efficiency, and accountability by implementing the Samarth ERP (Enterprise Resource Planning) system, aligning with the Government of India’s Digital India campaign.
The market is sectioned into enterprise size, application, deployment, and vertical. The enterprise size segment includes large, medium, and small enterprises.
Small enterprises, defined as those with up to 250 employees, have increasingly adopted ERP systems in recent years. ERP software provides these organizations with comprehensive access to integrated applications, streamlining various back-office activities. For small businesses, ERP software enhances sales, aids in setting manufacturing production goals, and helps produce high-quality components demanded by customers. Additionally, ERP systems are known to reduce operational costs by around 11%.
The major companies providing solutions in the enterprise resource planning market include Epicor Software Corporation, IBM Corporation, IFS AB, Infor Inc, and Microsoft Corporation.
Epicor Software Corporation develops specialized business software tailored for manufacturing, distribution, retail, and services industries. Its comprehensive offerings encompass enterprise resource planning (ERP), supply chain management (SCM), manufacturing execution systems (MES), human capital management (HCM), financial management, and service management. Additionally, Epicor provides business process and systems consulting, implementation services, and custom solution development. With headquarters in the US, the company has operations across multiple regions, including Asia-Pacific.
Latest from the Company:
In May 2024, the company launched its new Epicor Grow Portfolio, which redefines the role of AI-powered ERP software in supporting supply chain industries and their employees.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the enterprise resource planning market revenue growth in the Asia-Pacific and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the APAC enterprise resource planning market’s growth during the upcoming years
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Market by Technology (Data ana ..
VIEW REPORT1. ASIA-PACIFIC
ENTERPRISE RESOURCE PLANNING MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE ENTERPRISE RESOURCE PLANNING MARKET
2.1.1. COVID-19
IMPACT
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. KEY
BUYING IMPACT ANALYSIS
2.3.1. COMPATIBILITY
2.3.2. COST-EFFECTIVENESS
2.3.3. EASE
OF USE
2.3.4. SECURITY
2.4. KEY
MARKET STRATEGIES
2.4.1. CONTRACTS
& AGREEMENTS
2.4.2. PRODUCT
LAUNCHES
2.4.3. ACQUISITIONS
2.4.4. BUSINESS
DIVESTMENTS & EXPANSIONS
2.5. MARKET
DRIVERS
2.5.1. INCREASING
NEED TO DEVELOP COMPETITIVE STRATEGIES AND REAL-TIME DECISION MAKING
2.5.2. GROWING
DEMAND FOR EFFICIENCY
2.5.3. RAPID
ADOPTION OF ERP BY SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)
2.6. MARKET
CHALLENGES
2.6.1. EASY
AVAILABILITY OF OPEN-SOURCE ERP SOFTWARE
2.6.2. RISE
IN COMMON VULNERABILITIES AND EXPOSURES (CVE)
2.6.3. ELEVATED
EXPENSES ASSOCIATED WITH ERP SOLUTIONS
2.7. MARKET
OPPORTUNITIES
2.7.1. INCREASE
IN DEMAND FOR ERP
2.7.2. INTEGRATION
OF ERP WITH BIG DATA AND INTERNET OF THINGS (IOT)
2.8. ANALYST
PERSPECTIVE
3. ASIA-PACIFIC
ENTERPRISE RESOURCE PLANNING MARKET – BY ENTERPRISE SIZE
3.1. LARGE ENTERPRISES
3.2. MEDIUM
ENTERPRISES
3.3. SMALL
ENTERPRISES
4. ASIA-PACIFIC
ENTERPRISE RESOURCE PLANNING MARKET – BY DEPLOYMENT
4.1. ON-PREMISE
4.2. CLOUD
4.3. HYBRID
5. ASIA-PACIFIC
ENTERPRISE RESOURCE PLANNING MARKET – BY APPLICATION
5.1. FINANCE
5.2. HUMAN
RESOURCE (HR)
5.3. SUPPLY
CHAIN
5.4. CUSTOMER
MANAGEMENT
5.5. INVENTORY
MANAGEMENT
5.6. MANUFACTURING
MODULE
5.7. OTHER
APPLICATIONS
6. ASIA-PACIFIC
ENTERPRISE RESOURCE PLANNING MARKET – BY VERTICAL
6.1. AUTOMOTIVE
6.2. RETAIL
6.3. MANUFACTURING
6.4. BANKING,
FINANCIAL SERVICES, & INSURANCE (BFSI)
6.5. GOVERNMENT
6.6. IT AND
TELECOM
6.7. HEALTHCARE
6.8. MILITARY
AND DEFENSE
6.9. OTHER
VERTICALS
7. ASIA-PACIFIC
ENTERPRISE RESOURCE PLANNING MARKET – BY COUNTRY OUTLOOK
7.1. CHINA
7.1.1. CHINA
ENTERPRISE RESOURCE PLANNING MARKET FORECAST & PROSPECTS
7.2. JAPAN
7.2.1. JAPAN
ENTERPRISE RESOURCE PLANNING MARKET FORECAST & PROSPECTS
7.3. INDIA
7.3.1. INDIA
ENTERPRISE RESOURCE PLANNING MARKET FORECAST & PROSPECTS
7.4. SOUTH
KOREA
7.4.1. SOUTH
KOREA ENTERPRISE RESOURCE PLANNING MARKET FORECAST & PROSPECTS
7.5. ASEAN
COUNTRIES
7.5.1. ASEAN
COUNTRIES ENTERPRISE RESOURCE PLANNING MARKET FORECAST & PROSPECTS
7.6. AUSTRALIA
& NEW ZEALAND
7.6.1. AUSTRALIA
& NEW ZEALAND ENTERPRISE RESOURCE PLANNING MARKET FORECAST & PROSPECTS
7.7. REST
OF ASIA-PACIFIC
7.7.1. REST
OF ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET FORECAST & PROSPECTS
8. COMPETITIVE
LANDSCAPE
8.1. EPICOR
SOFTWARE CORPORATION
8.1.1. OVERVIEW
8.1.2. PRODUCT
PORTFOLIO
8.1.3. KEY
STRENGTHS
8.1.4. KEY
CHALLENGES
8.2. IBM
CORPORATION
8.2.1. OVERVIEW
8.2.2. PRODUCT
PORTFOLIO
8.2.3. KEY
STRENGTHS
8.2.4. KEY
CHALLENGES
8.3. IFS AB
8.3.1. OVERVIEW
8.3.2. PRODUCT
PORTFOLIO
8.3.3. KEY
STRENGTHS
8.3.4. KEY
CHALLENGES
8.4. INFOR
INC
8.4.1. OVERVIEW
8.4.2. PRODUCT
PORTFOLIO
8.4.3. KEY
STRENGTHS
8.4.4. KEY CHALLENGES
8.5. MICROSOFT
CORPORATION
8.5.1. OVERVIEW
8.5.2. PRODUCT
PORTFOLIO
8.5.3. KEY
STRENGTHS
8.5.4. KEY
CHALLENGES
8.6. ORACLE
CORPORATION
8.6.1. OVERVIEW
8.6.2. PRODUCT
PORTFOLIO
8.6.3. KEY
STRENGTHS
8.6.4. KEY
CHALLENGES
8.7. QAD
INC
8.7.1. OVERVIEW
8.7.2. PRODUCT
PORTFOLIO
8.7.3. KEY
STRENGTHS
8.7.4. KEY
CHALLENGES
8.8. SAP SE
8.8.1. COMPANY
OVERVIEW
8.8.2. PRODUCT
PORTFOLIO
8.8.3. KEY
STRENGTHS
8.8.4. KEY
CHALLENGES
8.9. SYSPRO
LTD
8.9.1. COMPANY
OVERVIEW
8.9.2. PRODUCT
PORTFOLIO
8.9.3. KEY
STRENGTHS
8.9.4. KEY
CHALLENGES
8.10. WORKDAY
INC
8.10.1. COMPANY
OVERVIEW
8.10.2. PRODUCT
PORTFOLIO
8.10.3. KEY
STRENGTHS
8.10.4. KEY
CHALLENGES
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC
ENTERPRISE RESOURCE PLANNING MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $
MILLION)
TABLE 2: LIST OF CONTRACTS
& AGREEMENTS
TABLE 3: LIST OF PRODUCT
LAUNCHES
TABLE 4: LIST OF ACQUISITIONS
TABLE 5: LIST OF BUSINESS
DIVESTMENTS & EXPANSIONS
TABLE 6: ASIA-PACIFIC
ENTERPRISE RESOURCE PLANNING MARKET, BY ENTERPRISE SIZE, 2024-2032 (IN $
MILLION)
TABLE 7: ASIA-PACIFIC
ENTERPRISE RESOURCE PLANNING MARKET, BY DEPLOYMENT, 2024-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC
ENTERPRISE RESOURCE PLANNING MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC
ENTERPRISE RESOURCE PLANNING MARKET, BY VERTICAL, 2024-2032 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC
ENTERPRISE RESOURCE PLANNING MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $
MILLION)
FIGURE
1: KEY BUYING IMPACT ANALYSIS
FIGURE
2: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY ENTERPRISE SIZE, 2023
& 2032 (IN %)
FIGURE
3: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY LARGE ENTERPRISES,
2024-2032 (IN $ MILLION)
FIGURE
4: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY MEDIUM ENTERPRISES,
2024-2032 (IN $ MILLION)
FIGURE
5: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY SMALL ENTERPRISES,
2024-2032 (IN $ MILLION)
FIGURE
6: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY DEPLOYMENT, 2023 &
2032 (IN %)
FIGURE
7: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY ON-PREMISE, 2024-2032
(IN $ MILLION)
FIGURE
8: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY CLOUD, 2024-2032 (IN $
MILLION)
FIGURE
9: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY HYBRID, 2024-2032 (IN $
MILLION)
FIGURE
10: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY APPLICATION, 2023
& 2032 (IN %)
FIGURE
11: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY FINANCE, 2024-2032 (IN
$ MILLION)
FIGURE
12: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY HUMAN RESOURCE (HR),
2024-2032 (IN $ MILLION)
FIGURE
13: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY SUPPLY CHAIN,
2024-2032 (IN $ MILLION)
FIGURE
14: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY CUSTOMER MANAGEMENT,
2024-2032 (IN $ MILLION)
FIGURE
15: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY INVENTORY MANAGEMENT,
2024-2032 (IN $ MILLION)
FIGURE
16: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY MANUFACTURING MODULE,
2024-2032 (IN $ MILLION)
FIGURE
17: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY OTHER APPLICATIONS,
2024-2032 (IN $ MILLION)
FIGURE
18: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY VERTICAL, 2023 &
2032 (IN %)
FIGURE
19: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY AUTOMOTIVE, 2024-2032
(IN $ MILLION) 2024-2032 (IN $ MILLION)
FIGURE
20: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY RETAIL, 2024-2032 (IN
$ MILLION)
FIGURE
21: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY MANUFACTURING,
2024-2032 (IN $ MILLION)
FIGURE
22: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY BANKING, FINANCIAL
SERVICES, & INSURANCE (BFSI), 2024-2032 (IN $ MILLION)
FIGURE
23: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY GOVERNMENT, 2024-2032
(IN $ MILLION)
FIGURE
24: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY IT & TELECOM,
2024-2032 (IN $ MILLION)
FIGURE
25: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY HEALTHCARE, 2024-2032
(IN $ MILLION)
FIGURE
26: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY MILITARY AND DEFENSE,
2024-2032 (IN $ MILLION)
FIGURE
27: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY OTHER VERTICALS,
2024-2032 (IN $ MILLION)
FIGURE
28: ASIA-PACIFIC ENTERPRISE RESOURCE PLANNING MARKET, BY COUNTRY OUTLOOK, 2023
& 2032 (IN %)
FIGURE
29: CHINA ENTERPRISE RESOURCE PLANNING MARKET 2024-2032 (IN $ MILLION)
FIGURE
30: JAPAN ENTERPRISE RESOURCE PLANNING MARKET 2024-2032 (IN $ MILLION)
FIGURE
31: INDIA ENTERPRISE RESOURCE PLANNING MARKET 2024-2032 (IN $ MILLION)
FIGURE
32: SOUTH KOREA ENTERPRISE RESOURCE PLANNING MARKET 2024-2032 (IN $ MILLION)
FIGURE
33: ASEAN COUNTRIES ENTERPRISE RESOURCE PLANNING MARKET 2024-2032 (IN $
MILLION)
FIGURE
34: AUSTRALIA & NEW ZEALAND ENTERPRISE RESOURCE PLANNING MARKET 2024-2032
(IN $ MILLION)