Sweden 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, BFSI, He
Description
The Sweden ERP Software Market size was valued at USD 1.99 billion in 2024 and is projected to grow to USD 2.40 billion by 2025. Additionally, the industry is expected to continue its growth trajectory, reaching USD 4.62 billion by 2030, with a CAGR of 14% from 2025 to 2030.
The growth of Sweden’s banking, financial services, and insurance (BFSI) sector is another key driver of ERP adoption, as financial institutions increasingly prioritize integrated platforms to manage operations, meet regulatory requirements, and gain better financial visibility. According to the International Monetary Fund (IMF), Sweden’s overall financial assets totalled approximately USD 7.35 trillion in 2024, an amount equivalent to 12 times the nation’s GDP. This vast and intricate financial ecosystem requires sophisticated ERP solutions to optimize data management, automate reporting, and support digital transformation across the BFSI landscape.
However, the ERP market in Sweden faces several challenges. Small and medium-sized enterprises (SMEs) exhibit reluctance to transition from traditional systems due to concerns about the high costs, complexity, and long implementation timelines associated with ERP solutions. Additionally, frequent updates and changes in data governance and compliance regulations create uncertainty for both ERP vendors and users, potentially delaying decision-making and adoption across sectors.
On the other hand, the integration of Internet of Things (IoT) technology with ERP systems is rapidly emerging as a key growth catalyst, offering real-time data visibility and enhanced operational control. IoT-enabled ERP platforms enable businesses to track inventory, monitor equipment performance, and forecast maintenance needs, greatly improving operational efficiency in sectors such as manufacturing and logistics. In March 2025, Epicor Software Corporation introduced Epicor Kinetic 2025, a next-generation ERP solution featuring advanced IoT capabilities for real-time monitoring and predictive maintenance in manufacturing environments. This innovation underscores the transformative impact of IoT on ERP functionality and highlights the rising demand for intelligent, connected enterprise solutions.
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.
The growth of Sweden’s banking, financial services, and insurance (BFSI) sector is another key driver of ERP adoption, as financial institutions increasingly prioritize integrated platforms to manage operations, meet regulatory requirements, and gain better financial visibility. According to the International Monetary Fund (IMF), Sweden’s overall financial assets totalled approximately USD 7.35 trillion in 2024, an amount equivalent to 12 times the nation’s GDP. This vast and intricate financial ecosystem requires sophisticated ERP solutions to optimize data management, automate reporting, and support digital transformation across the BFSI landscape.
However, the ERP market in Sweden faces several challenges. Small and medium-sized enterprises (SMEs) exhibit reluctance to transition from traditional systems due to concerns about the high costs, complexity, and long implementation timelines associated with ERP solutions. Additionally, frequent updates and changes in data governance and compliance regulations create uncertainty for both ERP vendors and users, potentially delaying decision-making and adoption across sectors.
On the other hand, the integration of Internet of Things (IoT) technology with ERP systems is rapidly emerging as a key growth catalyst, offering real-time data visibility and enhanced operational control. IoT-enabled ERP platforms enable businesses to track inventory, monitor equipment performance, and forecast maintenance needs, greatly improving operational efficiency in sectors such as manufacturing and logistics. In March 2025, Epicor Software Corporation introduced Epicor Kinetic 2025, a next-generation ERP solution featuring advanced IoT capabilities for real-time monitoring and predictive maintenance in manufacturing environments. This innovation underscores the transformative impact of IoT on ERP functionality and highlights the rising demand for intelligent, connected enterprise solutions.
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.
Table of Contents
- 1. Introduction
- 1.1 Report Description
- 1.2 Research Methodology
- 1.2.1 Secondary Research
- 1.2.2 Data Analysis Framework
- 1.2.3 Market Size Estimation
- 1.2.4 Forecasting
- 1.2.5 Primary Research And Data Validation
- 2. Sweden Erp Software Market By Component
- 2.1 Overview
- 2.2 Software Market
- 2.3 Service Market
- 3. Sweden Erp Software Market By Deployment
- 3.1 Overview
- 3.2 On Premise Market
- 3.3 Cloud Market
- 3.4 Hybrid Market
- 4. Sweden Erp Software Market By Business Function
- 4.1 Overview
- 4.2 Enterprise Asset Management (Eam) Market
- 4.2.1 Record Assets (Asset Mgmt)
- 4.2.2 Analytics And Bi
- 4.2.3 Disposal Of Assets
- 4.2.4 Others
- 4.3 Financial Management System Market
- 4.3.1 Core Financials
- 4.3.2 Corporate Performance Mgmt (Cpm)
- 4.3.3 Financial Consolidation
- 4.3.4 Others
- 4.4 Human Capital Management (Hcm) Market
- 4.4.1 Talent Management
- 4.4.2 Administrative Hr
- 4.4.3 Workforce Management
- 4.4.4 Others
- 4.5 Manufacturing And Operations Market
- 4.5.1 Production Planning And Scheduling Products
- 4.5.2 Production Ops And Control Products
- 4.5.3 Manufacturing Information Mgmt Products
- 4.5.4 Others
- 4.6 Supply Chain Management (Scm) Market
- 4.6.1 Inventory Management
- 4.6.2 Warehouse Management
- 4.6.3 Transportation Management
- 4.6.4 Procurement
- 4.6.5 Contract Management
- 4.7 Others Market
- 5. Sweden Erp Software Market By Application
- 5.1 Overview
- 5.2 Manufacturing Market
- 5.3 Bfsi Market
- 5.4 Healthcare Market
- 5.5 Retail And Distribution Market
- 5.6 Government Market
- 5.7 It And Telecom Market
- 5.8 Construction Market
- 5.9 Aerospace And Defense Market
- 5.10 Other Industries Market
- 6. Sweden Erp Software Market By End User
- 6.1 Overview
- 6.2 Small And Medium Sized Enterprise Market
- 6.3 Large Enterprise Market
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
