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 report, the North America enterprise resource planning (ERP) market is anticipated to register revenue growth at a CAGR of 8.66% during the forecast period 2024-2032.
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The enterprise resource planning market in North America continues to grow significantly, fueled by advancements in technology and the increasing need for efficient business processes. Moreover, this growth is attributed to the rising demand for operational efficiency and data-driven decision-making capabilities within organizations. The World Bank highlights that the overall economic recovery in North America post-pandemic has been stronger compared to other parts of the world, which supports the ongoing investments in ERP solutions​. Additionally, the collaboration between organizations such as the United Nations Development Programme (UNDP) and the World Bank in leveraging data and technology for sustainable development underlines the importance of ERP systems in enhancing operational efficiencies and achieving development goals​.
The countries considered in this region include:Â
The United States dominates the studied market, recording around $11.70 billion in 2023
ERP software is a critical component of the US economy, especially within the manufacturing sector. As per industry sources, ERP systems provide the essential backbone for the integration of processes and information necessary for daily operations and strategic planning in manufacturing.Â
Data from the US Bureau of Labor Statistics (BLS) indicates that ERP systems positively impact productivity. In Q1 2024, labor productivity in the nonfarm business sector rose by 0.2%, demonstrating how advanced systems like ERP enhanced output per hour worked. This modest increase is crucial for maintaining economic stability and growth amid changing economic conditions.
As per the US Census Bureau’s 2022 Economic Census, businesses are increasingly investing in ERP solutions to streamline operations, manage resources efficiently, and support data-driven decision-making processes. This trend is particularly pronounced in sectors such as manufacturing, wholesale, and retail trade.Â
Market Forecast for Canada
The enterprise resource planning (ERP) market in Canada is experiencing notable growth as businesses increasingly adopt integrated systems to streamline operations and enhance efficiency. According to Statistics Canada, the adoption of ERP systems is becoming more widespread owing to the need for improved data management, operational efficiency, and regulatory compliance​. For instance, in 2023, Canadian enterprises invested significantly in ERP solutions, reflecting a broader trend toward digital transformation across various sectors, particularly manufacturing, wholesale trade, and professional services.Â
Additionally, the industrial capacity utilization rate in Canada stood at around 78.5% in the first quarter of 2024, suggesting a stable yet growing demand for efficient resource management tools​. Furthermore, initiatives to enhance digital infrastructure and provide incentives for technology adoption have facilitated further growth for the enterprise resource planning market.Â
The market is segmented into vertical, deployment, enterprise size, and application. The vertical segment further includes automotive, manufacturing, retail, BFSI, government, healthcare, IT and telecom, military and defense, and other verticals.Â
The manufacturing sector, an early adopter of traditional ERP systems, has experienced significant transformation through software deployment and customization. Manufacturers are transitioning from on-premise ERP systems to cloud-based models to meet production demands more efficiently. Cloud deployment reduces hardware and maintenance costs, allowing manufacturers to redirect resources to value-added activities in the era of smart manufacturing. This shift is particularly beneficial for small-scale manufacturing units, which are expected to drive market growth through cloud-based ERP adoption.
The notable companies in the enterprise resource planning market include Oracle Corporation, Syspro Ltd, QAD Inc, SAP SE, and Workday Inc.Â
Oracle Corporation provides an extensive array of cloud applications, platform services, and engineered systems. Its offerings include software and hardware products such as database and middleware software, application software, cloud infrastructure, computer servers, storage, networking products, and related support services. Oracle’s cloud technologies encompass database and middleware software, web-based applications, virtualization, clustering, large-scale systems management, and infrastructure. It offers solutions in data warehousing, business analytics, enterprise resource planning (ERP), etc. Oracle operates worldwide, with headquarters in Redwood Shores, California, US.
Latest from the Company:Â
In April 2024, Oracle unveiled Oracle Cloud Federal Financials, a specialized addition to Oracle Fusion Cloud Enterprise Resource Planning (ERP). This solution aims to help US federal agencies automate financial processes and integrate AI and generative AI to enhance productivity, cut costs, strengthen controls, and improve service quality for constituents.
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 North America 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 NA enterprise resource planning market’s growth during the upcoming years
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Market by Technology (Data ana ..
VIEW REPORT1. NORTH
AMERICA 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. NORTH
AMERICA ENTERPRISE RESOURCE PLANNING MARKET – BY ENTERPRISE SIZE
3.1. LARGE
ENTERPRISES
3.2. MEDIUM
ENTERPRISES
3.3. SMALL
ENTERPRISES
4. NORTH
AMERICA ENTERPRISE RESOURCE PLANNING MARKET – BY DEPLOYMENT
4.1. ON-PREMISE
4.2. CLOUD
4.3. HYBRID
5. NORTH
AMERICA 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. NORTH
AMERICA 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. NORTH
AMERICA ENTERPRISE RESOURCE PLANNING MARKET – BY COUNTRY OUTLOOK
7.1. UNITED
STATES
7.1.1. UNITED
STATES ENTERPRISE RESOURCE PLANNING MARKET FORECAST & PROSPECTS
7.2. CANADA
7.2.1. CANADA
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: NORTH AMERICA
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: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY ENTERPRISE SIZE, 2024-2032 (IN $
MILLION)
TABLE 7: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY DEPLOYMENT, 2024-2032 (IN $ MILLION)
TABLE 8: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 9: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY VERTICAL, 2024-2032 (IN $ MILLION)
TABLE 10: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $
MILLION)
FIGURE 1: KEY BUYING IMPACT
ANALYSIS
FIGURE 2: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY ENTERPRISE SIZE, 2023 & 2032 (IN %)
FIGURE 3: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY LARGE ENTERPRISES, 2024-2032 (IN $
MILLION)
FIGURE 4: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY MEDIUM ENTERPRISES, 2024-2032 (IN $
MILLION)
FIGURE 5: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY SMALL ENTERPRISES, 2024-2032 (IN $
MILLION)
FIGURE 6: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY DEPLOYMENT, 2023 & 2032 (IN %)
FIGURE 7: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY ON-PREMISE, 2024-2032 (IN $ MILLION)
FIGURE 8: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY CLOUD, 2024-2032 (IN $ MILLION)
FIGURE 9: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY HYBRID, 2024-2032 (IN $ MILLION)
FIGURE 10: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 11: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY FINANCE, 2024-2032 (IN $ MILLION)
FIGURE 12: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY HUMAN RESOURCE (HR), 2024-2032 (IN $
MILLION)
FIGURE 13: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY SUPPLY CHAIN, 2024-2032 (IN $ MILLION)
FIGURE 14: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY CUSTOMER MANAGEMENT, 2024-2032 (IN $
MILLION)
FIGURE 15: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY INVENTORY MANAGEMENT, 2024-2032 (IN $
MILLION)
FIGURE 16: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY MANUFACTURING MODULE, 2024-2032 (IN $
MILLION)
FIGURE 17: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $
MILLION)
FIGURE 18: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY VERTICAL, 2023 & 2032 (IN %)
FIGURE 19: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY AUTOMOTIVE, 2024-2032 (IN $ MILLION)
2024-2032 (IN $ MILLION)
FIGURE 20: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY RETAIL 2024-2032 (IN $ MILLION)
FIGURE 21: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY MANUFACTURING, 2024-2032 (IN $ MILLION)
FIGURE 22: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY BANKING, FINANCIAL SERVICES, &
INSURANCE (BFSI), 2024-2032 (IN $ MILLION)
FIGURE 23: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY GOVERNMENT, 2024-2032 (IN $ MILLION)
FIGURE 24: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY IT & TELECOM, 2024-2032 (IN $
MILLION)
FIGURE 25: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY HEALTHCARE, 2024-2032 (IN $ MILLION)
FIGURE 26: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY MILITARY AND DEFENSE, 2024-2032 (IN $
MILLION)
FIGURE 27: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY OTHER VERTICALS, 2024-2032 (IN $
MILLION)
FIGURE 28: NORTH AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 29: UNITED STATES
ENTERPRISE RESOURCE PLANNING MARKET 2024-2032 (IN $ MILLION)
FIGURE 30: CANADA ENTERPRISE
RESOURCE PLANNING MARKET 2024-2032 (IN $ MILLION)