The global ERP software market is estimated to reach $157,07-billion by 2033, registering a CAGR of 9,5% from 2026 to 2033, according to a new report by Grand View Research.
The growing application of ERP software in the retail, banking, utility, healthcare, and government sectors is expected to drive market demand. Organisations gain from the software’s increased operations, improved decision-making, and efficiency.
As a result, the ERP software industry is expected to experience a significant increase in the forecast period offering a wide range of benefits to the stakeholders.
The cloud deployment of ERP software accounts for maximum revenue in 2025. Additionally, a growing volume of sizable data and an increase in the advantages of cloud technology in terms of data & remote accessibility, cheap maintenance, security, and efficiency are gaining ground in the market.
Additionally, this market is anticipated to expand more quickly due to advantages including quicker implementation and ease of installation.
Due to the widespread usage of ERP software for various financial management activities such as asset management, investment, cash flow management, and accounting, the finance function is expected to hold the greatest part of the market in 2025.
In addition, the growing demand for organisations to adopt ERP software solutions and track and record client payments, sales, and invoices encourage the category’s expansion.
ERP software is widely used in the manufacturing and services segment in business activities such as inventory management, daily operations monitoring, customer services, day-to-day performance management, and production scheduling.
With the rising adoption of IT infrastructure, the verticals such as healthcare, aerospace & defense, and government utilities are expected to capture a significant market share.
Additional highlights from the ERP Software Market Report include:
- The cloud-based ERP solutions are anticipated to grow sizably over the forecast period. Businesses are gaining an understanding of the benefits of SaaS models for their growth.
- The supply chain segment is expected to grow with the fastest CAGR in response to the increasing adoption of ERP solutions in managing, managing, and maintaining supply chains.
- The small & medium-sized enterprises segment is expected to portray a high growth rate from 2026 to 2033. As the number of start-ups increases and government support for digital transformation and solutions rises, the segment is expected to grow.
- The government segment is anticipated to grow significantly, with the fastest CAGR over the forecast period. The rising need to streamline business operations and increasing dependency on data-driven decision-making are factors poised to drive segment growth in the forecast period.