Discrete Manufacturing ERP Market, Size, Share, Growth, and Industry Analysis, by Type (On Premise ERP and Cloud-Based ERP), By Application (Private Enterprise and Government Agency), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Discrete Manufacturing ERP Market Report Overview

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The global discrete manufacturing ERP market size was USD 4514.5 million in 2020 and is projected to touch USD 11609.84 million by 2031, exhibiting a CAGR of 11.5% during the forecast period.

Discrete manufacturing ERP is a manufacturing software solution that provides integrated tools and processes to improve efficiency, productivity, and quality in the manufacturing process. Marking quality, creating parts and maintaining stock are some of the key features of this system. Discrete manufacturing ERP deals with the integration of manufacturing software, source files, and related assets through an ERP (enterprise resource planning) platform to provide a set of integrated tools to help manufacturers manage the production process.

A discrete manufacturing ERP system allows for the integration of manufacturing information. This allows for continuous feedback in manufacturing to ensure that products are manufactured on time and within specification. With this integration, a company can improve business operations, eliminate manual processes, and streamline inventory management, all while reducing costs through improved manufacturing efficiencies. With the slightest oversight, ERP systems can be easily accessed and misused, but a highly accurate system is designed to allow manufacturers to manage their entire fabrication process.

COVID-19 Impact: The Combined Impact of the Economic Crisis Hampered Market Growth.

The global COVID-19 pandemic has been unprecedented and staggering, with the discrete manufacturing ERP market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to discrete manufacturing ERP market growth and demand returning to pre-pandemic levels once the pandemic is over.

During the COVID-19 pandemic, many industries were affected and had to shut down. Smaller manufacturing firms are being forced to close down due to potential travel restrictions, and larger companies have seen workers contract the disease. The resulting labor shortage has impacted suppliers who rely on manual labor when some factories have had to shut down completely. This especially affected the discrete manufacturing ERP market because such technology is used in this industry. It is important for companies to continue operating during the pandemics and not want others to take their jobs or market share.

LATEST TRENDS

"Technological Advancement Lead a Rise in Market Demand."

The discrete manufacturing ERP market is constantly evolving. In order to stay ahead of the competition, it is important to be aware of the latest trends. Cloud-based solutions are becoming more popular. Mobile solutions, big data, and the Internet of things are the other booming trends in this industry. Cloud-based solutions offer many benefits, such as easy access from anywhere, reduced IT costs, and enhanced security. Many companies are switching to cloud-based solutions, and the trend is likely to continue in the future. As new technologies emerge, it also supports the existing one to be a better version of it.

Discrete Manufacturing ERP Market Segmentation

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• By Type

Based on type; the market is divided into On Premise ERP and Cloud-Based ERP

Cloud-Based ERP is the leading part of this segment.

• By Application

Based on application; the market is divided into Private Enterprise and Government Agency

Private Enterprise is the leading part of the application segment.

DRIVING FACTORS

"Operational Efficiency Lead to an Increase in Market Demand"

There are many factors that are driving this particular market. One of the primary drivers of this market's growth is the need for improved operational efficiency and reduced costs. In a highly competitive global market, manufacturers are looking for any advantage they can get to improve their bottom line. An ERP system can provide that competitive edge by streamlining operations and improving visibility into the manufacturing process. An ERP system helps to improve the smooth running of a business, so when it comes to the efficiency of this system, there are a lot of market players that focus on this.

"Need for a Smoothly Business Environment Leads to Increase Market Growth"

Other drivers of discrete manufacturing ERP market growth include the need for compliance with regulatory requirements and the need for better visibility into the supply chain. In today's complex manufacturing environment, an ERP system can provide the insights needed to make informed decisions and keep the manufacturing process running smoothly. If an organization is considering an ERP system for their discrete manufacturing business, be sure to consider all of the factors that are driving market growth. With the right system in place, they can improve operational efficiency, reduce costs, and stay ahead of the competition.

RESTRAINING FACTORS

"High Price Impede the Market Growth"

One of the restraining factors is the high cost of these systems. They can be very expensive to license, implement, and maintain. This can be a deterrent for companies, especially small and medium-sized businesses, who may not have the budget for this type of software. Another restraining factor is the complexity of these systems. They can be difficult to implement and use and may require extensive training for employees. This can be time-consuming and expensive, and may lead to a lot of frustration for users if the system is not used properly. due to the lack of industry-specific functionality in some ERP systems. While these systems may have a lot of features, they may not be tailored specifically to the needs of the discrete manufacturing industry. This can make it difficult for companies to find a system that meets their specific needs.

Discrete Manufacturing ERP Market Regional Insights

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"North America to Lead Market Owing to Its Dominance in Number of End-Use Industries"

Due to the presence of major end-use industries such as automotive, aerospace & defense, and food & beverage, North America is the leading region for discrete manufacturing ERP market share. In addition, the region has a well-developed manufacturing infrastructure and a skilled workforce. The automotive industry is the largest end-use industry for it. The increasing demand for vehicles equipped with advanced safety features, such as airbags and ABS, is driving the automotive industry's need for efficient manufacturing processes. The aerospace & defense industry and the food & beverage industry are the other major end-use industries for discrete manufacturing ERP, accounting for the region’s leading market share.

KEY INDUSTRY PLAYERS

"Well-known Players in the Market to Accelerate Market Growth"

This market's information was studied using data from a variety of sources. Trade publications, statistics from professional associations, academic studies, and government reports are a few examples of these sources. Information is acquired from producers, distributors, sellers, retailers, micro-experts, and other market participants in addition to these primary sources. Details regarding industry participants and their regional activities are provided in the report. A few examples of information gathering and reporting methods include partnerships, technological developments, acquisitions, mergers, and the expansion of industrial facilities.

List of Market Players Profiled

• SAP (Germany)
• Epicor (U.S.)
• Sage Group (U.K.)
• NetSuite(Oracle) (U.S.)
• Microsoft (U.S.)
• Infor (U.S.)
• QAD Inc (U.S.)
• abas Software AG (Germany)
• ECi Software Solutions (U.S.)
• SYSPRO (South Africa)
• Global Shop Solutions (U.S.)
• Visibility (U.S.)

REPORT COVERAGE

The study contains a complete analysis of the market's present status, taking into account all significant elements like raw materials, technology, and equipment, as well as supply and demand, production capacity, and industry chain analysis. The market potential and market hazards related to the emergence of particular categories are assessed in this study. Additionally, the major market drivers and restraints are assessed to determine how they will affect the market's growth. The effectiveness of significant enterprises is assessed over time, and their effects on market dynamics are investigated.