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Southeast Asia ERP Software Market Research Report: Information By Component (Software and Service), Deployment Model (On-premise, Cloud and Hybrid), Enterprise Size (Small, Medium and Large Enterprise), Business Model (Human Resource, Manufacturing And Financing Model, Inventory Management, Customer Management), End-users (Automotive, Healthcare, Hospitality, Aerospace & Defense, Electronics & Technology, Food & Beverage, Construction & Home Improvement, Industrial Machinery & Components, Pharmaceuticals) - Forecast Till 2032.


ID: MRFR/ICT/11034-HCR | 128 Pages | Author: Ankit Gupta| July 2024

Southeast Asia ERP Software Market Overview


Southeast Asia ERP Software Market Size was valued at USD 0.6 Billion in 2022. The ERP software market industry is projected to grow from USD 0.7 Billion in 2023 to USD 1.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.20% during the forecast period (2023 - 2032). The primary market drivers propelling the growth of the Southeast Asian ERP software market are the growing prevalence of mobile and cloud applications, the need for data-driven decision-making, operational efficiency, and transparency in business operations.


Figure 1: Southeast Asia ERP Software Market Size, 2022-2032 (USD Billion)


Southeast Asia ERP Software Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


ERP Software Market Trends


Growing need for digitalization and automation to accelerate market growth


The growing need for digitalization and automation in corporate processes in the commercial sector is expected to fuel growth in the Southeast Asia ERP software market CAGR. A business must make sure that the resources at its disposal are being used effectively in order for it to run successfully. Automation increases productivity in businesses because automated procedures are quicker and more effective. They are less likely to make mistakes, which allows the company to save time and resources that can be used for other crucial duties. Additionally, because digitalization makes real-time information available, it facilitates better decision-making by helping to identify emerging business trends and new needs. Moreover, because ERP software is so highly configurable and uses cutting-edge technologies like artificial intelligence, cloud computing, and machine learning to produce outcomes, it is tailored to the unique needs of enterprises. The Southeast Asia sector might anticipate more revenue as a result of organizations searching for ways to further simplify operational components.


Moreover, there are several small, medium, and large businesses in Southeast Asia. The number of businesses in the region has increased significantly over the last several years, as has their share of the countries' GDP. As per the Asian Development Bank's figures, the proportion of micro, small, and medium-sized firms (MSMEs) to the total number of enterprises in Southeast Asia for the period of 2010 to 2019 was 97.2%. In this region, MSMEs made up 41.1% of the country's GDP during that same time frame. On the other side, the Association of Southeast Asian Nations (ASEAN) reports that between 2010 and 2019, trade in services among ASEAN members increased from USD 440609.66 million to USD 844567.98 million. Additionally, in order to improve and optimize their operational flow and further reduce operating costs, businesses in Southeast Asia are calling for more enterprise applications, such as ERP software. This demand is a result of the region's expanding industrial sector and growing trade. During the projected period, this factor is anticipated to propel the growth of the market in Southeast Asia. Thus, driving the ERP software market revenue.


ERP Software Market Segment Insights


ERP Software Component Insights


The Southeast Asia ERP Software market segmentation, based on component includes Software and Service. The service category led the market in 2022 because these services cut down on the expenses and time needed to optimize systems during the initial stages of implementation. Resource management, project planning, and customer relationship management are the main uses of ERP software in the services sector. A primary advancement in this regard is the advent of cloud-based ERP systems tailored to service-oriented businesses, which enhance scalability and enable remote work.


ERP Software Deployment Model Insights


The Southeast Asia ERP Software market segmentation, based on deployment model, includes On-premise, Cloud and Hybrid. The on-premise category generated the most income. The on-premise deployment approach is expected to lead the market during the projected period because of its benefits, which include strong data security and ongoing control inside an organization. Furthermore, because they are unaware of the benefits of cloud-based business solutions, many developing countries prefer to use on-premise solutions.


Figure 2: Southeast Asia ERP Software Market, by Deployment Model, 2022 & 2032 (USD Billion)


Southeast Asia ERP Software Market, by Deployment Model


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


ERP Software Enterprise Size Insights


The Southeast Asia ERP Software market segmentation, based on enterprise size, includes Small & Medium Enterprise and Large Enterprise. The small & medium enterprise category generated the most income. It is anticipated that important elements including lower production costs, improved operational effectiveness, and on-time product delivery will boost demand for the product. ERP software usage in the industrial sector has been made easier by enhanced data access, a simpler supply chain, and better customer relationship management.


ERP Software Business Model Insights

The Southeast Asia ERP Software market segmentation, based on business model, includes Human Resource Model, Manufacturing Model, Financing Model, Inventory Management, Customer Management and Others. The financing model category generated the most income. It accurately and dependably keeps track of every activity and keeps everything in order. Demand is predicted to rise as more financial operations, including asset management, investing, accounting, and cash flow management, are managed simply and easily.


ERP Software End-users Insights


The Southeast Asia ERP Software market segmentation, based on end-users, includes Automotive, Healthcare, Hospitality, Aerospace & Defense, Electronics & Technology, Food & Beverage, Construction & Home Improvement, Clothing, Consumer Goods & Retail, Agribusiness, Industrial Machinery & Components, Pharmaceuticals & Life Sciences and Others. The healthcare category generated the most income. The primary requirement of hospitals and healthcare organizations is the effective management of patient records, which is anticipated to increase demand for software in the sector.


ERP Software Regional Insights


The Southeast Asia market will keep expanding with openness in corporate procedures because of the expanding industrial sector and small- and medium-sized business applications. ERP solutions have been used on-premises by numerous businesses in an effort to boost output and enhance operations. The increasing number of startups and the expanding need for cloud-based solutions are projected to drive market growth. Moreover, government utility assistance will drive increased demand for the ERP software market share over the projection period. In addition, the market was driven by factors including the growing industrial sector, the growing use of cloud-based solutions, and the emergence of SMEs (small and medium-sized enterprises).


ERP Software Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the ERP software market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, ERP software industry must offer cost-effective items.


Key Companies in the ERP software market include




  • MicroChannel Services




  • ERP Logic




  • JMC Technologies Pte Ltd




  • Accenture




  • Atos SE




  • Capgemini




  • ABEO Management Corporation




  • AFON Pte Ltd.




  • Inecom Pte Ltd.




  • Integrated Information Systems Pte Ltd




ERP Software Market Segmentation


ERP Software Component Outlook




  • Software




  • Service




ERP Software Deployment Model Outlook




  • On-premise




  • Cloud




  • Hybrid




ERP Software Enterprise Size Outlook




  • Small & Medium Enterprise




  • Large Enterprise




ERP Software Business Model Outlook




  • Human Resource Model




  • Manufacturing Model




  • Financing Model




  • Inventory Management




  • Customer Management




  • Others




ERP Software End-users Outlook




  • Automotive




  • Healthcare




  • Hospitality




  • Aerospace & Defense




  • Electronics & Technology




  • Food & Beverage




  • Construction & Home Improvement




  • Clothing, Consumer Goods & Retail




  • Agribusiness




  • Industrial Machinery & Components




  • Pharmaceuticals & Life Sciences




  • Others



Report Attribute/Metric Details
Market Size 2022 USD 0.6 Billion
Market Size 2023 USD 0.7 Billion
Market Size 2032 USD 1.2 Billion
Compound Annual Growth Rate (CAGR) 7.20% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Component, Deployment Model, Enterprise Size, Business Model, End-users and Region
Countries Covered Southeast Asia
Key Companies Profiled MicroChannel Services, ERP Logic, JMC Technologies Pte Ltd, Accenture, Atos SE, Capgemini, ABEO Management Corporation, AFON Pte Ltd., Inecom Pte Ltd., Integrated Information Systems Pte Ltd
Key Market Opportunities Presence of a large number of domestic and international businesses Combining cloud computing, AI, and sophisticated analytics
Key Market Dynamics Growing IT industry aided by digitalization Growing demand for automation and digitalization


Frequently Asked Questions (FAQ) :

The Southeast Asia ERP Software market size was valued at USD 0.6 Billion in 2022.

The market is projected to grow at a CAGR of 7.20% during the forecast period, 2023-2032.

The key players in the market are MicroChannel Services, ERP Logic, JMC Technologies Pte Ltd, Accenture, Atos SE, Capgemini, ABEO Management Corporation, AFON Pte Ltd., Inecom Pte Ltd., Integrated Information Systems Pte Ltd.

The service category dominated the market in 2022.

The financing model category had the largest share in the market.

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