North America ERP Software Market by Component (Software, and Services), Deployment (On-Premise, Cloud, and Hybrid), Business Function (Enterprise Asset Management, Financial Management, Human Capital Management, and Others), Application (Manufacturing, B

The North America ERP Software Market size was valued at USD 38.20 billion in 2024 and is projected to grow to USD 43.32 billion by 2025. Additionally, the industry is expected to continue its growth trajectory, reaching USD 60.08 billion by 2030, with a CAGR of 6.76% from 2025 to 2030.

The rapid growth of the retail and distribution industry, particularly through e-commerce, is driving a significant increase in demand for Enterprise Resource Planning (ERP) systems in Canada. In 2022, more than 27 million Canadians, approximately 75% of the population, engaged in online shopping, a figure projected to rise to 77.6% by the end of 2025, according to the U.S. International Trade Administration. This surge in digital commerce has created an urgent need for robust ERP solutions capable of managing complex backend functions such as inventory control, order fulfillment, and customer service. By providing real-time data analytics and automating key operational workflows, ERP platforms enable retailers to streamline supply chains and deliver faster, more reliable service. As e-commerce continues to expand, ERP systems have become essential for sustaining competitiveness and efficiency within Canada's evolving retail and distribution sectors.

However, smaller enterprises in Canada face significant hurdles in ERP integration. Many of these businesses rely on outdated infrastructure that complicates the implementation of modern ERP platforms. High costs associated with customization, lengthy deployment cycles, and a shortage of qualified ERP professionals contribute to adoption delays and limited use of advanced system features. While government initiatives offer financial assistance to support digital transformation, technical barriers remain a major impediment to broader ERP deployment, especially among SMEs, thereby slowing the overall pace of modernization in the region.

On the other hand, the integration of Internet of Things (IoT) technology with ERP systems is becoming a powerful enabler of operational efficiency and market expansion. IoT-enabled ERP platforms provide businesses with real-time visibility into inventory, equipment conditions, and maintenance requirements, driving significant improvements in productivity and responsiveness, particularly in manufacturing and logistics. A prime example is the March 2025 launch of Epicor Kinetic 2025 by Epicor Software Corporation. This next-generation ERP solution incorporates advanced IoT capabilities for continuous monitoring and predictive maintenance within industrial environments. Such advancements demonstrate the evolving functionality of ERP systems and highlight the growing demand for smart, connected enterprise solutions across Canada’s dynamic business landscape.

Segment Overview

The ERP software industry is segmented on the basis of component, deployment, business function, application, end users, and region.

 By component, the market is divided into software and services.

 By deployment, the market is divided into on-premises, cloud, and hybrid.

 By business function, the market is divided into enterprise asset management, financial management system, human capital management, manufacturing and operations, supply chain management, and others.

 By application, the market is segmented into manufacturing, BFSI, healthcare, retail and distribution, government, IT and telecom, construction, aerospace and defence, and other industries.

 By end-users, the market is segmented into small and medium-sized enterprises and large enterprises.

Key Benefits
• The report provides quantitative analysis and estimations of the ERP software market from 2025 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a detailed analysis of the ERP software market trends, including the current and future trends to depict the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the ERP software market is provided in the report.
• The competitive analysis of the market players along with their market share in the ERP software market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• The value chain analysis in the market study provides a clear picture of the roles of stakeholders. Show more