ERP software market share

Enterprise resource planning (ERP) software has been around for over 40 years, according to Allied Market Research, the global ERP market is expected to be worth over $60 billion by 2024. They predict that this value will reach $117.09 billion by 2030, so it is essential for a business to have a management system and confirm that its existence will continue to grow in the future to revolutionize management, optimize processes and improve business profits. New technologies being developed by ERP solution providers during this period are:

1. Cloud ERP Deployment: More and more businesses are switching from on-premise ERP to cloud ERP because of its outstanding benefits such as low cost, quick deployment, easy support, anytime-anywhere-multi-device system access, no need to hire employees to build an IT team to manage the system, which is costly, more responsibility but not very effective.
2. IoT- Internet of Things: ERP system thanks to IoT application can get instant data from production equipment such as drilling machines, saws, CNC, ... Instead of having to use manual counting before, now it is possible to manage instant production data, production efficiency increases and the ability to analyze and judge is also better, limiting errors in the production process.
3. AI- Artificial Intelligence: Thanks to the big data collected by ERP, technology companies develop AI to better serve users, automate many steps that ERP has covered for cases that arise frequently and continuously, or apply robots to perform when the data is connected accurately and completely.

Here are the 5 ERP software with the largest market share in the world:

1. Oracle ERP Cloud: Founded in 1977, it’s no surprise that Oracle ERP Cloud is one of the most prominent players in the ERP market today. This fully featured system is powered by advanced technologies like artificial intelligence and machine learning, automating routine tasks and providing guided actions to users. Currently, Enlyft says Oracle ERP has a 5.75% market share, giving the company significant ERP market size.
2. SAP Business One: SAP has been dominating the market since 1972. SAP Business One’s market share is 2.38%, a small but notable ERP market size. SAP Business One has extensive customization options and the ability to create complex business analytics, designed for small and medium-sized businesses and serves a variety of industries, including accounting, manufacturing, retail, and distribution. SAP Business One runs on both the SAP HANA and Microsoft SQL Server platforms.
3. Sage 100 Cloud: holds 3.51% of the ERP software market share and caters to medium and large organizations. The system comes with features like automated data collection, Microsoft Outlook integration, and inventory advisor, which can provide inventory status checks, quality forecasting, and more.
4. SAP S/4HANA: With a market share of 2.03%, SAP S/4HANA is typically used by large companies with more than 1,000 employees and revenues of more than $1,000 million. Similar to SAP Business One, SAP S/4HANA is an ERP that leverages AI and machine learning, but the two systems certainly have their differences. SAP S/4HANA is designed specifically for large enterprises and includes the SAP Fiori user experience (UX). SAP Fiori UX provides users with easy-to-use apps that are accessible from any device, as well as the ability for developers to build their own apps using the Fiori framework.
5. Infor ERP: Infor CloudSuite Financials, Infor LN, Infor M3, Infor Cloudsuite Industrial, and Infor Distribution SX.e account for 0.45% of the ERP software market and are typically used by companies with 50-200 employees and revenues between $10 million and $50 million. The five industry-specific solutions include Infor CloudSuite Financials, Infor LN, Infor M3, Infor Cloudsuite Industrial, and Infor Distribution SX.e. These versatile ERP solutions can be deployed in the cloud or as self-hosted solutions and can work for small, medium, and large businesses. They cater to the finance, supply chain, distribution, and manufacturing verticals. All Infor ERP cloud solutions are hosted through Amazon Web Services (AWS). Infor ERP has an impressive business intelligence (BI) and analytics platform, Infor Birst, that provides insights into financial and operational processes as well as performance management. Another benefit is mobile accessibility. Infor ERP offers multiple native apps for Android and iOS devices.

Infor ERP software with full features at affordable cost, modern technology and platform suitable for manufacturing and business industries. We are the pioneers in providing and implementing Infor ERP system solutions in Vietnam with more than 15 years of experience. If you need a comprehensive business management system at a good cost, please contact us for advice and demo of Infor ERP solution. (Reference source: Selecthub.com)