CATEGORY

ERP Software

ERP is a business process management software which integrates several enterprise functional modules or applications into a unified system.

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ERP Software Market Monitoring Dashboard


Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

ERP Software Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in ERP Software category is 11.00%

Payment Terms

(in days)

The industry average payment terms in ERP Software category for the current quarter is 57.5 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    ERP Software Suppliers


    21,339
    Total Suppliers
    1,112
    Diverse Suppliers
    62
    Normalized Supplier Rating
    ERP Software Supplier

    Find the right-fit erp software supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    ORACLE CORPORATION
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    4
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    44

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    62
    Social
    37
    Governance
    46
    6 Domains Performance (/100)
    Business behaviour
    46
    Human rights
    47
    Community Environment
    87
    Corporate governance
    46
    Human resources
    27
    Security Scorecard
    55

    Threat indicators
    F
    50
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    F
    53
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    C
    75
    Application Security
    Detecting common website application vulnerbilities
    F
    58
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    90
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    F
    48
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    F
    32
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    oracle.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    32
    Human Rights Issues
    0
    Production Supply Chain Issues
    1
    Environmental Non Compliance Flags
    33
    Corruption Issues
    3
    Regulatory Non Compliance Flags
    20
    Fraud Issues
    2
    Labor Health Safety Flags
    16
    Regulatory Issues
    15
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    56
    Discrimination Workforce Rights Issues
    16
    esg controversies critical severity
    No

    ERP Software market frequently asked questions


    As per Beroe's industry reports, in 2016, the global ERP software market was worth $31.9 billion. The market will continue to follow an upward trajectory to reach a valuation of $42 billion at a CAGR of 7-7.3 percent by 2020.

    The APAC and Latin American regions are expected to be driving the ERP software market growth in the near future.

    The pricing models followed in the ERP software market are fixed pricing, time, and material-based pricing.

    Business operations, system response time, maintenance, and support are the KPIs in the ERP software market.

    As per the ERP software market report by Beroe, North America leads the market with a 58% market share, followed by Europe at 20%, APAC at 16%, LATAM at 4%, and MEA at 2%.

    The ERP software market share according to its adoption by enterprises are manufacturing (21%), BFSI (16%), Telecom (13%), Government (12%), Healthcare (11%), Retail (11%), Aerospace, and Defense (9%), Others (7%).

    ERP Software market report transcript


    Global ERP Software Market Outlook

    • The global ERP market was valued at $38 billion in 2019. The growth rate is expected to be stagnated in 2020 due to the reduction in new projects & IT spends. The Cloud ERP market is estimated to grow at a CAGR of 10 percent till 2025
    • APAC and Latin America are expected to be the growth driving markets in the future. Supply is more consolidated, with the top five suppliers holding over 50 percent of the market share globally

    ERP Supply Trends and Insights

    Global/Regional Supplier

    • Global suppliers are developing user-friendly interfaces and functionalities, moving away from the existing high degree of complexity in software

    • Upward trend, portraying increase in cloud deployment of ERP over on-premise solution, owing to cost savings and ease of access to applications through cloud and mobile devices
    • ERP vendors are investing heavily in increasing business intelligence, big data and analytics capabilities, where ERPs will not only be used for data reporting, but also enable the customers in robust and intelligent decision-making
    • Enabling flexibility in deployment options. Hybrid cloud model in which an organization combines on-premise applications with cloud applications in its broader ERP package
    • Global suppliers are enhancing their service capabilities inorganically through M&A in order to secure ERP contracts from large buyers

    Tier-II/Local Supplier

    • Vendors are highly fragmented in the mid-market segment

    • Tier-II market players follow a vertical strategy, in which they limit their expertise to focus only on a few specific industries.
    • Increased trend towards globalization, where suppliers are building a greater amount of international presence, either directly or through channel partners
    • The mid-market segment has seen growth in increasing the number of SaaS ERP, due to reduced implementation and operational costs
    • Open-source ERP vendors are evolving with a focus to reduce TCO and also enable customization without access to source code Engagement Trends

    Engagement Trends

    Most adopted model (globally): Multi-vendor engagement is being practiced to achieve spend visibility, cost savings and risk minimization.
    Contract length: 1.5 – 3 years

    • Preferred Phase (Support and Maintenance)
    • Pricing strategy (Fixed pricing)
    • Preferred Phase (Implementation)
    • Benefit (High knowledge retention)
    • Pricing strategy (Time and Material)
    • Benefit (Achieve greater spend visibility)

    Sources: Beroe analysis, Primary Expert 1, techtarget.com, cio.com

    Global ERP Market Analysis

    • ERP penetration for large organizations is medium outside Europe and North America
    • SMBs in APAC and Latin America are witnessing increasing adoption due to the efforts of large global buyers to consolidate the supply base

    Global ERP Drivers and Constraints Drivers Constraints

    Hybrid ERP

    • A hybrid ERP system is a perfect combination of in-house ERP supplemented by cloud-based ERP application. It is becoming popular among organizations who want to improve ERP functionality but do not want to change or add the in-house legacy system

    • Hybrid ERP allows organizations to have a smaller section of functionalities of on-premise solutions, such as financial and manufacturing, and the rest of the applications on the cloud. Gartner predicts that at least one-third of service-centric organizations will move the bulk of their ERP applications to the cloud

    SaaS adoption in ERP

    • SaaS-based ERP solutions are gaining popularity in the mid-market segment, where it proves to be cost effective in terms of implementation, reduced operational cost, increased business agility and the ease of start-up and maintenance

    • Revenues, generated out of selling traditional ERP systems, have been declining since 2013 to a level which has already been surpassed by the total revenue from cloud-based SaaS solutions. It is predicted that traditional ERP vendors' SaaS revenue will soon surpass their revenue from the legacy ERP sales

    IoT and ERP

    • It has been estimated that by 2018, over 30 percent of data will be machine-generated, with 15–35 billion devices fueling this growth

    • The ERP system will be integrated with the real-time unstructured data (produced from machines) to the structured data from business operations. The legacy ERP, compounded with its business intelligence skills, will be empowered with real-time data through IoT, in order for the organizations to make actionable decision
    • Lack of feature and function fits between the customers and ERP providers is the predominant constraint faced by ERP buyers .In several cases, customers do not find the ERP packages that will solve their business requirements
    • Availability of alternatives for increasing the level of systems integration
    • High switching cost and process integration involved, making it tough for the organizations to switch suppliers
    • Enterprises that follow decentralized decision-making find it difficult to implement, as ERP systems are not easy to change once they are configured and installed
    • Lower ROI and high ERP failure rates
    • Large enterprises' resistance to OCM

    Market Share of Key Global Suppliers

    • SAP, as the pioneer in the ERP software industry, is estimated to be leading in terms of global supplier market share with 25 percent, followed by Oracle and Infor, each with 17 percent, respectively
    • Tier-III and Tier-II solutions, comprised of regional and country-level suppliers, hold 22 percent and 9 percent, respectively

    Why You Should Buy This Report

    The report gives you, insight into the supply trends, core modules and functionalities, global ERP market industry drivers and constraints and Porter’s five force analysis of the global ERP software market.
    It gives you ranking and information of key supplier along with SWOT analysis of SAP, Oracle, Microsoft, etc. The report gives the best pricing and delivery models and cost-effective opportunities in the ERP market.