Africa 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, Healthcare, Retail & Distribution, Government, IT & Telecom, and Others), and End Users (Small & Medium Enterprises, and Large Enterprises) – Trends and Forecast, 2025–2030.
Industry: ICT & Media | Publish Date: 15-Oct-2025 | No of Pages: N/A | No. of Tables: N/A | No. of Figures: N/A | Format: PDF | Report Code : IC3591
Industry Outlook
The Africa ERP Software Market size was valued at USD 768.7 million in 2024 and is projected to grow to USD 969.5 million by 2025. Additionally, the industry is expected to continue its growth trajectory, reaching USD 2239.7 million by 2030, with a CAGR of 18.23% from 2025 to 2030.
The ERP software market development in Africa is driven by the modernization of the BFSI sector, where rising digital adoption and increased banking activity underscore the need for efficient, scalable enterprise platforms. The manufacturing sector is also contributing to ERP adoption, supported by industrial expansion and regional trade initiatives.
However, widespread implementation faces hurdles, including high upfront costs, limited access to skilled professionals, and uneven infrastructure. Despite these challenges, IoT integration with ERP systems is creating new opportunities, enhancing real-time data insights and operational control across key industries such as manufacturing and logistics.
BFSI Sector Modernization Drives ERP Market Expansion
Africa ERP Software market share ranks third and records the second-fastest growth rate in the industry, largely fuelled by the expansion of the banking and financial services sector. In 2024, South African banks reported a 5.4% increase in lending and an 8.7% rise in deposit-taking, supported by strong capital positions.
Additionally, digital banking adoption surged, with nearly 21 million digitally active users by year-end. These trends highlight the sector’s increasing dependence on ERP systems to improve operational efficiency, manage compliance, and support digital scalability across financial institutions.
Manufacturing Sector Increases ERP Market Growth
The growing manufacturing sector in Africa is significantly contributing to the rise in ERP adoption. In Q4 2024, the sector recorded a year-on-year growth of 2.92%, with countries like South Africa, Nigeria, and Egypt showing strong contributions to GDP through industrial activity.
Supportive government policies, infrastructure investment, and initiatives like the African Continental Free Trade Area (AfCFTA) are driving industrial growth. ERP systems are becoming essential tools for managing complex supply chains, maintaining regulatory standards, and improving productivity in this evolving manufacturing landscape.
High Upfront Costs Hinders ERP Adoption
Despite positive momentum, ERP implementation across Africa faces notable barriers. High upfront costs make ERP systems less accessible to many businesses, particularly SMEs. There is also a shortage of skilled professionals who deploy and maintain ERP solutions effectively.
Additionally, inconsistent internet connectivity and infrastructure in several regions create technical challenges that limit the scalability and efficiency of ERP software deployment across the continent.
IoT Integration Presents Opportunities in the ERP Market
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 advanced operational control. IoT-enabled ERP platforms empower businesses to track inventory, monitor equipment performance, and anticipate maintenance needs, dramatically improving efficiency in sectors such as manufacturing and logistics.
In March 2025, Epicor Software Corporation launched Epicor Kinetic 2025, a next-generation ERP solution featuring advanced IoT capabilities for real-time monitoring and predictive maintenance in manufacturing environments. This innovation showcases the transformative potential of IoT in expanding ERP functionalities and underscores the growing market demand for intelligent, connected enterprise solutions.
Competitive Landscape
The market players operating in the global Africa ERP software industry SAP SE, Microsoft Corporation, Oracle NetSuite, Sage Group plc, Workday, Inc., Xero Limited, Ramco Systems, Tally Solutions Private Limited, Odoo, SYSPRO, Acumatica, Inc., Infor, Rockwell Automation, Tricor Group, Ortez and others.
Africa ERP Software Market Key Segments
By Component
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Software
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Service
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By Deployment
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On Premise
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Cloud
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Hybrid
By Business Function
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Enterprise Asset Management (EAM)
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Record Assets (Asset Mgmt)
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Analytics & BI
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Disposal of Assets
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Others
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Financial Management System
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Core Financials
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Corporate Performance Mgmt (CPM)
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Financial Consolidation
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Others
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Human Capital Management (HCM)
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Talent Management
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Administrative HR
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Workforce Management
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Others
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Manufacturing and Operations
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Production Planning and Scheduling Products
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Production Ops and Control Products
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Manufacturing Information Mgmt Products
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Others
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Supply Chain Management (SCM)
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Inventory management
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Warehouse management
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Transportation management
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Procurement
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Contract Management
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Others
By Application
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Manufacturing
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BFSI
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Healthcare
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Retail & Distribution
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Government
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IT & Telecom
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Construction
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Aerospace Defense
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Other Industries
By End Users
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mall and Medium-Sized Enterprise
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Large Enterprise
By Country
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South Africa
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Nigeria
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Kenya
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Egypt
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Morocco
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Ghana
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Others
Key Players
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Microsoft Corporation
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Oracle NetSuite
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Sage Group plc
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Xero Limited
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Ramco Systems
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Tally Solutions Private Limited
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Odoo
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SYSPRO
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Acumatica, Inc.
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Infor
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Rockwell Automation
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Tricor Group
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Ortez
Report Scope and Segmentation:
|
Parameters |
Details |
|
Market Size in 2025 |
USD 969.5 Million |
|
Revenue Forecast in 2030 |
USD 2239.7 Million |
|
Growth Rate |
CAGR of 18.23% from 2025 to 2030 |
|
Analysis Period |
2024–2030 |
|
Base Year Considered |
2024 |
|
Forecast Period |
2025–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
|
|
Countries Covered |
06 |
|
Companies Profiled |
15 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
About the Author
Sikha Haritwal is a researcher with more than 3 years of experience. She has been keeping a close eye on several industry verticals, including Banking, Financial Services, and Insurance (BFSI), personal care products, and consumer electronics. She has avid interest in writing news articles and hopes to use blog as a platform to share her knowledge with others. When she is not following industry updates and trends, she spends her time reading, writing poetry, cooking, and photography.
About the Reviewer
Supradip Baul is the CEO and Founder of Next Move Strategy Consulting, driving the firm’s mission to provide data-driven insights and strategic intelligence. With extensive experience in market research and consulting, he has helped global organizations make informed decisions and achieve sustainable growth.
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