South Korea ERP Software Market Size, Share, and COVID-19 Impact Analysis By Enterprise Type (Small & Medium Enterprises (SMEs) and Large Enterprises), By Deployment (Cloud & Hybrid and On-premise), By Business Function (Financial Management, Human Capital Management, Supply Chain Management, Customer Management and Others), By End-user (Manufacturing, BFSI, IT & Telecom, Retail & Consumer Goods, Healthcare & Life Sciences, Transportation & Logistics, Government, and Others), and South Korea ERP Software Market Insights, Industry Trend, Forecasts to 2035

South Korea ERP Software Market Insights Forecasts to 2035

• The South Korea ERP Software Market Size Was Estimated at USD 1.76 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 9.04% from 2025 to 2035
• The South Korea ERP Software Market Size is Expected to Reach USD 4.56 Billion by 2035

According to a research report published by Spherical Insights and Consulting, The South Korea ERP Software Market Size is anticipated to reach USD 4.56 Billion by 2035, growing at a CAGR of 9.04% from 2025 to 2035. The growing digital transformation in many industries is driving notable trends in the South Korean ERP software industry. South Korean businesses are actively seeking to increase decision-making, increase efficiency, and streamline operations.  

Market Overview

Software programs that assist businesses in managing, integrating, and optimizing critical business operations are included in the ERP (Enterprise Resource Planning) software industry. This covers tasks including supply chain management, project management, risk management, accounting, and procurement. ERP systems essentially offer a consolidated platform for integrating several corporate activities, including sales, production, HR, and finance. ERP systems save time and money by automating jobs, streamlining procedures, and minimizing manual data entry. Better decision-making based on timely and accurate information is made possible by ERP's real-time data and reporting features. ERP may improve customer service by offering a unified picture of client data and enhancing order management. There is an increasing need for industry-specific ERP platforms that address certain operational and regulatory requirements as businesses shift away from one-size-fits-all systems. It is anticipated that the incorporation of automation and artificial intelligence (AI) into ERP systems would lead to a shift in the user experience, providing vendors with chances to create conversational and helpful user interfaces. Governments frequently enact laws requiring companies to adhere to specific standards; as a result, ERP adoption rises as companies try to meet these demands and optimize operations. ERP software is being used more and more by government organizations to increase operational efficiency, improve citizen service delivery, and increase transparency.

Report Coverage

This research report categorizes the market for South Korea ERP software market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea ERP software market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each South Korea ERP software market sub-segment.

Driving Factors

The greater accessibility, flexibility, and scalability, cloud-based ERP solutions are becoming more and more popular among companies of all kinds. By offering insights into consumer behavior and preferences, ERP solutions help to develop customer-centric methods. ERP systems improve operational efficiency and decision-making through automation features and analytics capabilities. ERP solutions that automate and integrate key activities like finance, HR, supply chain, and CRM are becoming more and more necessary as businesses embrace digital-first operations.

Restraining Factors

The small and medium-sized businesses (SMEs), ERP deployment can be mainly costly. This covers the price of the software, any necessary maintenance or upgrades, and implementation services. Many businesses continue to use antiquated systems that are challenging to participate with modern ERP programs. Inefficiencies and data silos may result from this. Data fragmentation from poor integration might make it challenging to obtain a comprehensive picture of the company.

Market Segmentation

The South Korea ERP Software Market share is classified into enterprise type, deployment, business function, and end-user.

• The large enterprises segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea ERP software market is segmented by enterprise type into small & medium enterprises (SMEs) and large enterprises. Among these, the large enterprises segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The largest market share was attained by the large enterprise segment. The improved operational efficiency, lower manufacturing costs, and the central collection of data for widespread distribution are anticipated to raise demand for the product among large organizations.

• The cloud & hybrid segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea ERP software market is segmented by deployment into cloud & hybrid and on-premise. Among these, the cloud & hybrid segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Its low infrastructure costs and compatibility with mobile and tablet devices. Cloud solutions give companies the ability to store data online and offer tools for data restoration in the case of a data breach or loss. Significant players are investing in hybrid ERP solutions, and hybrid helps expand the availability of big data through cloud computing and the growing need for improved end-user experiences.

• The financial management segment dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea ERP software market is segmented by business function into financial management, human capital management, supply chain management, customer management and others. Among these, the financial management segment dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period. The package of financial management features from SAP SE, for instance, provides planning, budgeting, forecasting, and optimized financial procedures. To ensure adherence to government data, operational, and accountability laws, financial service providers increasingly fully rely on innovative, scalable technologies. 

• The IT & telecom segment held a majority share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea ERP software market is segmented by business function into manufacturing, BFSI, IT & telecom, retail & consumer goods, healthcare & life sciences, transportation & logistics, government, and others. Among these, the IT & telecom segment held a majority share in 2024 and is expected to grow at a significant CAGR during the forecast period. When integrated into a single platform, ERP software facilitates the simplification of back-end office activities. Additionally, it facilitates better collaboration across a variety of channels and gives management a comprehensive picture of the process. Therefore, it is anticipated that the growing use of ERP software in telecom and IT will boost market expansion.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea ERP software market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Samsung SDS
• Hanil Networks
• TmaxSoft
• NKIA
• WareValley
• JINSEUNG Information Technology
• Bizentro
• Soleo
• BIZENI
• Aprocni
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea ERP software market based on the below-mentioned segments:

South Korea ERP Software Market, By Enterprise Type

• Small & Medium Enterprises (SMEs)
• Large Enterprises

South Korea ERP Software Market, By Deployment

• Cloud & Hybrid
• On-premise

South Korea ERP Software Market, By Business Function

• Financial Management
• Human Capital Management
• Supply Chain Management
• Customer Management
• Others

South Korea ERP Software Market, By Business Function

• Manufacturing
• BFSI
• IT & Telecom
• Retail & Consumer Goods
• Healthcare & Life Sciences
• Transportation & Logistics
• Government
• Others