Discrete Manufacturing ERP Market to Reach USD 111.77 Billion by 2030
Discrete Manufacturing ERP Market Size, Share & Trends Analysis Report By Component (Software, Services), By Deployment (On-Premise, Cloud), By Organization Size (Large Enterprises, Small & Medium Enterprises), By Region, And Segment Forecasts, 2022 - 2030The global discrete manufacturing ERP market size is projected to reach USD 11177.09 million by 2028, from USD 5144.81 million in 2022, at a CAGR of 13.8% during the forecast period. The increasing demand for real-time data and analytics in manufacturing is one of the key factors driving the growth of the discrete manufacturing ERP market.
Discrete manufacturing ERP systems are used to integrate and automate various business processes in discrete manufacturing industries, such as planning, production, inventory management, quality control, and customer relationship management. These systems help manufacturers to improve efficiency, productivity, and profitability.
The increasing demand for real-time data and analytics in manufacturing is one of the key factors driving the growth of the discrete manufacturing ERP market. Real-time data and analytics can help manufacturers to make better decisions about production, inventory, and quality control. This can lead to improved efficiency, productivity, and profitability.
The increasing adoption of cloud-based ERP systems is another key factor driving the growth of the discrete manufacturing ERP market. Cloud-based ERP systems offer a number of advantages over traditional on-premises ERP systems, such as lower costs, easier scalability, and better security.
The large enterprises segment is expected to hold the largest share of the discrete manufacturing ERP market during the forecast period. Large enterprises have complex business requirements and need a comprehensive ERP system to manage their operations. Discrete manufacturing ERP systems can help large enterprises to improve efficiency, productivity, and profitability.
The Asia Pacific region is expected to be the fastest-growing market for discrete manufacturing ERP during the forecast period. The growth of the Asia Pacific market is attributed to the increasing demand for manufacturing products in the region. The growing middle class in the region is also driving the demand for manufacturing products.
The following are some of the key players in the discrete manufacturing ERP market:
- SAP SE
- Oracle Corporation
- Microsoft Corporation
- Infor
- Epicor Software Corporation
- Sage Group plc
- IFS AB
- Dassault Systèmes
- SSA Global Technologies
- Software AG
These companies offer a wide range of discrete manufacturing ERP solutions to meet the needs of different businesses. They also offer a variety of services, such as implementation, training, and support.
The discrete manufacturing ERP market is a competitive market. The key players are constantly innovating to offer new features and capabilities to their customers. They are also expanding their geographic reach to tap into new markets.
The following are some of the key trends in the discrete manufacturing ERP market:
- Increasing adoption of cloud-based ERP systems
- Increasing demand for real-time data and analytics
- Growing focus on sustainability
- Increasing demand for mobile ERP solutions
These trends are expected to drive the growth of the discrete manufacturing ERP market during the forecast period.