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Research Outline
Prepared for Bar W. | Delivered December 24, 2019
Market Sizes - ERP, Procurement, and B2B Transactions
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Goals
To determine the global market sizes for procurement software, enterprise resource planning (ERP) software, and the entire value of business-to-business transactions in 2010, 2015, 2019, and projected to 2025 along with their respective CAGR.
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Early Findings
Publicly available data and insights exist on the size and growth of the procurement and enterprise resource planning (ERP) software markets. Although not all years are directly available due to the format of reporting preferred by individual market research bodies, all insights fall within one year of the requested years. Below are some of our findings:
ERP Software
The global market size for enterprise resource planning (ERP) software market was valued at
$16.5 billion
in 2010. The market grew by
8.1%
between 2009 and 2010.
In 2015, the global ERP software market was worth
$27.75 billion
, growing at a rate of
6.1%
per annum between 2012 and 2017.
The global ERP market increased to
$35.81 billion
in 2018 and is projected to reach
$78.4 billion
by 2026, expanding at a CAGR of
10.2%
from 2019 to 2026.
Procurement Software
The global procurement software market was estimated at
$4.3 billion
in 2016, gaining
9.9%
year-on-year.
In a recent report by IDC, the worldwide procurement software market reached a total of
$5.1 billion
in 2018, growing at a rate of
12.3%
year-on-year.
According to
Market Insider
, the global procurement market is expected to reach USD
9.3 billion
by 2025, expanding at a CAGR of
7.3%
from 2019 to 2025.
B2B Transactions
A report by
ResearchGate
estimates the worldwide trade volume for B2B firm at
$12.3 trillion
for 2010.
Summary Of Our Early Findings Relevant To The Goals
In our initial hour of research, we were able to determine the market sizes and growth rates for both ERP software and procurement software for 2010, 2015, 2019, and 2025.
Due to time constraints, we were not able to determine the market size and growth rate for the global procurement software market in 2010 as well as the total value of business-to-business transactions in 2015, 2019, and 20225.
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