Prepared for Bar W. | Delivered December 24, 2019
Market Sizes - ERP, Procurement, and B2B Transactions
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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.
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:
The global market size for enterprise resource planning (ERP) software market was valued at
in 2010. The market grew by
between 2009 and 2010.
In 2015, the global ERP software market was worth
, growing at a rate of
per annum between 2012 and 2017.
The global ERP market increased to
in 2018 and is projected to reach
by 2026, expanding at a CAGR of
from 2019 to 2026.
The global procurement software market was estimated at
in 2016, gaining
In a recent report by IDC, the worldwide procurement software market reached a total of
in 2018, growing at a rate of
, the global procurement market is expected to reach USD
by 2025, expanding at a CAGR of
from 2019 to 2025.
A report by
estimates the worldwide trade volume for B2B firm at
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.