About Manufacturing ERP
Enterprise Resource Planning is the abbreviation for Enterprise Resource Planning. To offer a connected business, an ERP system consolidates all fundamental business operations into a single database and connects them into a single system. Manufacturing ERP is different than genetic ERP. Manufacturing ERP provides more advanced functionality focused on more manufacturing-specific needs. It also integrated manufacturing processes with business processes. It has manufacturer features that help to simplify and automate critical business and production operations. Asia Pacific is the largest market for the manufacturing ERP followed by North America due to large manufacturing activity.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IQMS (United States), QAD Inc. (United States), OptiProERP Software (United States), Oracle (United States), Odoo (Belgium), Shoptech Software (United States), Cority (Canada), Fishbowl (United States), Striven (United States) and SYSPRO (South Africa) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Manufacturing ERP market by and Region.
On the basis of geography, the market of Manufacturing ERP has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Pricing Option, the sub-segment i.e. One-Time Payment will boost the Manufacturing ERP market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Automotive will boost the Manufacturing ERP market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Manufacturing ERP market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Bill of Materials will boost the Manufacturing ERP market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction Of Mobile ERP
Market Growth Drivers:
Need To Efficiently Manage Business Processes and Increasing Complexities in Manufacturing Process
Challenges:
Manufacturing ERP Needs to Constantly Updated to Work Well and Reluctance By Small Manufacturers to Adopt Manufacturing ERP
Restraints:
Complex Initial Installation of Manufacturing ERP
Opportunities:
Growing Manufacturing Activity in Developing Nations Will Boost the Demand of Manufacturing ERP and Increasing Digitization of Manufacturing Processes Will Increase the Demand of Manufacturing ERP
Market Leaders and their expansionary development strategies
In September 2023, Oracle and Mastercard announced a new partnership to help enterprise customers automate end-to-end business-to-business (B2B) payment transactions. The partnership lets Oracle directly connect Oracle Fusion Cloud Enterprise Resource Planning (ERP) with banks to streamline and automate the B2B finance and payment process. Moreover, many companies desire simpler commercial payment experiences. Y.
On 8th June 2021, Volta Trucks, a full-electric commercial vehicle manufacturer, will implement QAD Adaptive ERP and other QAD Adaptive Applications solutions, including Enterprise Quality Management System, QAD DynaSys Digital Supply Chain Management, QAD Sourcing, and QAD Supplier Management, according to QAD Inc., a leading provider of next-generation manufacturing and supply chain solutions in the cloud.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturing ERP Developers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.