Technology & Media
The global enterprise resource planning (ERP) market size reached US$ 50.4 Billion in 2023. As per the analysis by IMARC Group, the top enterprise resource planning (ERP) companies are heavily investing in developing systems with integrated AI capabilities, enabling businesses to automate routine tasks, identify trends and patterns in data, and improve decision-making, thus providing a boost to the market. Additionally, several leading players are developing mobile applications that enable users to access their ERP system from their smartphones and tablets, thus providing users with real-time access to critical data, enabling them to make informed decisions from anywhere, which is creating a positive market outlook. Moreover, the increasing adoption of cloud-based ERP solutions is augmenting the market as it allows companies to access ERP systems over the Internet, reducing the need for on-premises hardware and IT staff. In line with this, the growing popularity of remote working culture is acting as another growth-inducing factor as ERP systems provide this flexibility by enabling employees to access data and applications from any device and any location. Besides, the increasing use of advanced technologies, such as artificial intelligence, machine learning, and the Internet of Things (IoT) is propelling the demand for ERP systems that can integrate and analyze data from these technologies to improve business processes and decision-making. Besides, the increasing adoption of ERP to manage accounting, investments, and assets is fuelling the demand. The market is further driven by other factors, such as the rising awareness among the masses about the benefits of ERP, continuous technological advancements, and the proliferation of the Internet. On account of these factors, the market is expected to reach US$ 101.0 Billion by 2032, exhibiting a growth rate (CAGR) of 7.9% during 2024-2032.
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The global Enterprise Resource Planning (ERP) market has several major Epicor Software Corporation (KKR & Co. Inc.), International Business Machines Corporation, Kronos Incorporated (Hellman & Friedman LLC), Microsoft Corporation, Oracle Corporation, SAP SE, The Sage Group Plc, TOTVS S.A, Unit4 (Advent International), Workday Inc., Yonyou Network Technology Co. Ltd. More information about these companies has been provided below.
Establishment: |
1972 |
Headquarters: |
Texas, United States |
Website: |
https://www.epicor.com/en-in/ |
Epicor Software Corporation is a global enterprise software company that provides industry-specific software to businesses. It offers a wide range of software solutions, including enterprise resource planning (ERP) software, customer relationship management (CRM) software, supply chain management (SCM) software, human capital management (HCM) software, and financial management software to different industries, such as manufacturing, distribution, retail, hospitality, and services. The company has implemented various measures to reduce energy consumption and resource usage across its operations. It also offers volunteer opportunities for employees to participate in community service projects. Additionally, the company has integrated sustainable design principles into its product development process, with a focus on reducing environmental impact and improving resource efficiency.
Establishment: |
1911 |
Headquarters: |
New York, United States |
Website: |
https://www.ibm.com/in-en |
International business machines corporation (IBM) is a multinational technology company. It offers a wide range of products and services across various industries, including cloud computing, artificial intelligence, blockchain, cybersecurity, and data analytics. The company has a strong commitment to sustainability and social responsibility. It has set ambitious environmental goals, such as achieving net-zero greenhouse gas emissions in the upcoming future. Besides, it has a strong commitment to philanthropy and supports a variety of charitable initiatives, such as disaster relief efforts, education programs, and healthcare initiatives. Additionally, it has an ethics and compliance program to ensure that employees comply with these values and adhere to the highest ethical standards.
Establishment: |
1977 |
Headquarters: |
Massachusetts, United States |
Website: |
https://www.ukg.com/ |
Kronos Incorporated is a leading provider of workforce management software and services. It offers a range of products and services to help organizations manage their workforce more efficiently, including time and attendance tracking, scheduling, payroll processing, and HR management. The company is committed to sustainability and social responsibility and has implemented various initiatives to reduce its environmental impact and promote ethical business practices. Besides, it has integrated advanced analytics, artificial intelligence (AI), and machine learning into its software solutions to help organizations make data-driven decisions about their workforce. The company has also developed mobile applications that allow employees to access their work schedules, request time off, and track their time and attendance from their mobile devices.
Establishment: |
1975 |
Headquarters: |
Washington, United States |
Website: |
https://www.microsoft.com/en-in |
Microsoft Corporation is an American multinational technology company. Its product portfolio includes dynamics 365 Finance, dynamics 365 supply chain management, dynamics GP, dynamics 365 business central, and dynamics NAV. The company is committed to implementing circular economy principles in its operations and products. It is working to reduce waste, increase the use of recycled materials, and design products that can be easily repaired and recycled. Additionally, the company has a strong commitment to diversity and inclusion, both within the company and in the broader tech industry. It has set targets for increasing representation of underrepresented groups in its workforce and has implemented several programs to support diversity and inclusion.
Establishment: |
1977 |
Headquarters: |
California, United States |
Website: |
https://www.oracle.com/in/corporate/ |
Oracle Corporation is an American multinational technology company that specializes in providing database software and technology, cloud services, and enterprise software products. It offers a wide range of products, including customer relationship management, supply chain management, and enterprise resource planning. The company has implemented several initiatives to reduce its energy consumption and carbon footprint, such as energy-efficient building design, server virtualization, and renewable energy sourcing. Additionally, it has established a supplier code of conduct that outlines ethical, social, and environmental standards for its suppliers. Besides, the company has established a waste reduction and recycling program in its offices and data centers.
Establishment: |
1972 |
Headquarters: |
Walldorf, Germany |
Website: |
https://www.sap.com/india/index.html |
SAP SE is a multinational software corporation that specializes in developing enterprise software to manage business operations and customer relations. The company offers a wide range of other software products and services, including analytics, mobile applications, and cloud-based solutions. It is committed to reducing its carbon footprint and has set ambitious targets to become carbon-neutral in the upcoming future. The company has launched several initiatives to provide access to digital education, including the SAP Young Thinkers program, which provides free software and teaching materials to educators and students. Besides, it is committed to promoting sustainability in its supply chain and has implemented measures to reduce the environmental impact of its operations.
Establishment: |
1981 |
Headquarters: |
Newcastle upon Tyne, United Kingdom |
Website: |
https://www.sage.com/en-us/ |
Sage Group Plc is a multinational enterprise software company that is focused on developing and providing software solutions for accounting, payroll, and enterprise resource planning (ERP) to small and medium-sized businesses (SMBs). Its product portfolio includes safe accounting, sage intacct, sage X3, sage business cloud, and sage pay. The company is known for its commitment to innovation, with a dedicated research and development team focused on developing new and innovative software solutions for SMBs. It encourages its employees to volunteer in their local communities and provides paid time off for volunteering. Besides, it is committed to promoting diversity and inclusion within its own organization and in the wider business community.
Establishment: |
1983 |
Headquarters: |
São Paulo, Brazil |
Website: |
https://en.totvs.com/ |
TOTVS S.A. is a multinational technology company that provides enterprise software solutions and services for various industries. It offers several products and services, including enterprise resource planning (ERP), human capital management (HCM), customer relationship management (CRM), supply chain management (SCM), business intelligence (BI), and data analytics. The company has implemented various initiatives to reduce energy consumption in its data centers and offices, such as virtualization, energy-efficient hardware, and server consolidation. Additionally, it is committed to ensuring that its suppliers operate in a sustainable manner. It has established a sustainable supply chain program that encourages its suppliers to comply with environmental and social responsibility standards.
Establishment: |
1984 |
Headquarters: |
Utrecht, Netherlands |
Website: |
https://www.adventinternational.com/ |
Advent International is a global private equity firm that specializes in buyouts of middle-market companies. Its product line includes unit4 financials, unit4 ERP, unit4 Prevero, unit4 PSA suite, and unit4 student management. The company has a strong focus on operational improvement and works closely with management teams to create value in its portfolio companies. It also has a strong commitment to environmental, social, and governance (ESG) considerations and has integrated ESG factors into its investment process. The company has a robust code of ethics and conduct that outlines its commitment to ethical business practices. Besides, it is committed to reducing its environmental impact by implementing sustainable practices and reducing its carbon footprint.
Establishment: |
2005 |
Headquarters: |
California, United States |
Website: |
https://www.workday.com/ |
Workday Inc. is a software technology company that specializes in providing cloud-based enterprise applications for finance and human resources (HR) functions. Its product portfolio includes human capital management (HCM), financial management, and enterprise planning. The company has implemented several measures to reduce its carbon footprint, including sourcing renewable energy for its data centers and offices, implementing energy-efficient technologies, and promoting sustainable practices among its employees. Additionally, it has implemented a supplier code of conduct that outlines its expectations regarding human rights, labor practices, environmental responsibility, and ethical conduct. Besides, the company has a strong commitment to social responsibility and has taken several initiatives to promote it.
Establishment: |
1988 |
Headquarters: |
Beijing, China |
Website: |
https://www.workday.com/ |
Yonyou Network Technology Co. Ltd. is an enterprise software company that provides enterprise resource planning (ERP), customer relationship management (CRM), and other enterprise management software solutions. It offers U8, an ERP system for small and medium-sized enterprises, and UFIDA, an ERP system for large enterprises. The company is committed to fulfilling its corporate social responsibility by supporting education, poverty alleviation, and disaster relief efforts. It has established the Yonyou Foundation to fund various social initiatives. Besides, the company provides a range of employee benefits, including health insurance, professional development opportunities, and work-life balance programs. Additionally, it provides a range of employee benefits, including health insurance, professional development opportunities, and work-life balance programs.
About Author:
Aditi Kumar Senior Content Writer at IMARC Services Private Limited Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels. |
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