ERP Software for Retail Market Trends and Forecast
The future of the global ERP software for retail market looks promising with opportunities in the large enterprise and SMEs markets. The global ERP software for retail market is expected to grow with a CAGR of 8.1% from 2024 to 2030. The major drivers for this market are increasing demand for integrated solutions to manage retail operations, growing emphasis on real-time analytics and insights to optimize supply chain management and enhance customer experience, and rising adoption of cloud-based ERP solutions for scalability, flexibility, and cost-effectiveness in retail operations.
• Lucintel forecasts that on premise ERP is expected to witness the higher growth over the forecast period.
• Within this market, large enterprise is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States – Oracle announces partnership with major retailers to deploy cloud-based ERP solutions, aiming to streamline operations and enhance data analytics capabilities. The government provides grants for small retailers to adopt ERP software, targeting improved efficiency and competitiveness in the retail sector.
India – TCS launches customized ERP solutions for retail chains, targeting increased market share in the growing Indian retail market. The government offers tax incentives for retailers investing in digital transformation, encouraging adoption of ERP systems for better compliance and efficiency.
United Kingdom – SAP unveils industry-specific ERP software for retail businesses, targeting enhanced customer engagement and personalized shopping experiences. The government allocates funding for retail technology innovation, aiming to boost productivity and competitiveness in the sector.
China – Alibaba Cloud partners with leading retailers to deploy ERP solutions tailored for the Chinese retail market, focusing on supply chain optimization and digital transformation. The government provides subsidies for retailers investing in ERP software to drive modernization and efficiency in the retail industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
ERP Software for Retail by Segment
The study includes a forecast for the global ERP software for retail by type, application, and region.
ERP Software for Retail Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• On Premise ERP
• Cloud-Based ERP
ERP Software for Retail Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Large Enterprises
• SMEs
ERP Software for Retail Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of ERP Software for Retail Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ERP software for retail companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ERP software for retail companies profiled in this report include-
• Oracle
• Microsoft
• Sage
• Infor
• Workday
• Epicor
• Totvs
Recent Development in the ERP Software for Retail Market
SAP: Launches SAP S/4HANA Retail, an industry-specific ERP solution, enabling retailers to streamline operations, enhance customer engagement, and drive digital transformation.
Oracle: Introduces Oracle Retail Cloud Services, providing retailers with a comprehensive suite of cloud-based ERP solutions for seamless integration and scalability.
Microsoft Dynamics: Enhances Dynamics 365 Commerce with ERP capabilities, offering retailers a unified platform for managing operations, sales, and customer data.
NetSuite: Expands SuiteCommerce with ERP functionalities, enabling retailers to unify online and offline operations for improved efficiency and customer experience.
Features of the Global ERP Software for Retail Market
Market Size Estimates: ERP software for retail market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: ERP software for retail market size by type, application, and region in terms of value ($B).
Regional Analysis: ERP software for retail market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the ERP software for retail market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ERP software for retail market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for ERP software for retail market?
Answer: The global ERP software for retail market is expected to grow with a CAGR of 8.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the ERP software for retail market?
Answer: The major drivers for this market are increasing demand for integrated solutions to manage retail operations, growing emphasis on real-time analytics and insights to optimize supply chain management and enhance customer experience, and rising adoption of cloud-based ERP solutions for scalability, flexibility, and cost-effectiveness in retail operations.
Q3. What are the major segments for ERP software for retail market?
Answer: The future of the global ERP software for retail market looks promising with opportunities in the large enterprise and SMEs markets.
Q4. Who are the key ERP software for retail market companies?
Answer: Some of the key ERP software for retail companies are as follows:
• Oracle
• Microsoft
• Sage
• Infor
• Workday
• Epicor
• Totvs
Q5. Which ERP software for retail market segment will be the largest in future?
Answer: Lucintel forecasts that on premise ERP is expected to witness the higher growth over the forecast period.
Q6. In ERP software for retail market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the ERP software for retail market by type (on premise ERP and cloud-based ERP), application (large enterprises and SMEs), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to ERP Software for Retail Market Market, ERP Software for Retail Market Market Size, ERP Software for Retail Market Market Growth, ERP Software for Retail Market Market Analysis, ERP Software for Retail Market Market Report, ERP Software for Retail Market Market Share, ERP Software for Retail Market Market Trends, ERP Software for Retail Market Market Forecast, ERP Software for Retail Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.