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His avenue came as it emerged beloved Mitt Romney had not won Iowa's caucuses, as initially thought, because of a botch on the vote count.
A resurgent Newt Gingrich, meanwhile, faces embarrassment afterwards his ex-wife claimed he capital an accessible marriage.
The four actual contenders face a crisis TV agitation on Thursday.
Former Massachusetts Governor Mitt Romney, above House of Representatives Speaker Mr Gingrich, adept Texas Congressman Ron Paul and Christian bourgeois Rick Santorum attempt in a potentially acute primary acclamation in South Carolina on Saturday.
Mr Romney is the beloved in the state-by-state chase for the Republican Party's choice to claiming Democratic President Barack Obama for the White House this November.
'Newt's not perfect'
When Mr Perry entered the chase in August, he briefly attempt to the advanced of the backpack afore gaffes and poor agitation performances set him back.
Continue account the capital story
Perry: Area did it all go wrong?
1 Oct: Raises eyebrows afterwards adage he would accede sending US troops into Mexico to action biologic war
28 Oct: An almighty activated accent by Perry in New Hampshire prompts him to abjure belief he was bashed or on medication
10 Nov: In a debate, Mr Perry cannot bethink the name of a third government administration he would annihilate if elected
29 Nov: Mistakenly refers to the minimum voting age as 21 (it's 18)
6 Dec: Is angrily criticised for a attack ad advancing gays in the aggressive and claiming accouchement can't bless Christmas
8 Dec: Corrects himself afterwards adage US had been at war with Iran, rather than Iraq
9 Dec: Says eight justices sit on the Supreme Court (the cardinal is nine)
3 Jan: Reconsiders his attack afterwards flopping in Iowa, alone to change his mind, distributing a photo of himself in able-bodied attire, giving a thumb-up
11 Jan: Attacks Romney as a "vulture" capitalist, afflictive bourgeois clamor that he should not criticise the free-market system
16 Jan: His acknowledgment in a TV agitation that Turkey is disqualified by "Islamic terrorists" is apparent as yet addition gaffe
The Texas governor told media on Thursday: "I've appear to the cessation that there is no applicable aisle advanced for me in this 2012 campaign.
"Therefore today I am suspending my attack and acknowledging Newt Gingrich."
Mr Perry said Mr Gingrich was a "conservative visionary", adding: "Newt is not perfect, but who amid us is?"
Recent assessment acclamation accept apparent Mr Gingrich accent Mr Romney's lead.
However, Mr Gingrich's ex-wife, Marianne, has fabricated potentially damaging claims in a TV account to be advertisement in abounding on
In an extract of her animadversion on the Nightline programme, the above Mrs Gingrich says her ex-husband capital her to allotment him with Callista Bisek, the woman who would become his third wife.
"He was allurement to accept an accessible alliance and I refused," she said.
She claims he conducted the extramarital activity in the bedchamber of their Washington accommodation while she was away, and would alarm her at night to say he admired her, while administration the bed with his again lover.
The account could aching Mr Gingrich in South Carolina, area religious and cultural conservatives are a big allotment of the Republican base.
Mr Perry had briefly reconsidered his attack afterwards finishing fifth in Iowa's first-in-the-nation nominating contest, afore ploughing on.
He skipped the abstinent New England accompaniment of New Hampshire to focus on South Carolina. But his bulletin bootless to booty off alike in that bourgeois southern state.
His abandonment follows on the heels of above Utah Governor Jon Huntsman, Minnesota Congresswoman Michele Bachmann and aftermost month, Georgia agent Herman Cain.
Mr Perry had faced calls in contempo canicule to angle abreast as rivals warned the bourgeois vote would breach beyond the candidates, ultimately benefiting Mr Romney.
Mr Romney's Mormon acceptance and political almanac as governor of the abstinent accompaniment of Massachusetts is beheld with suspicion by some bourgeois Republicans.
Also on Thursday, the final after-effects of the Iowa caucuses were certified as a breach accommodation amid Mr Romney and Mr Santorum, a above Pennsylvania senator, because of missing data.
Mr Romney had initially been declared the champ of the 3 January nominating challenge by eight votes.
But the final calculation shows Mr Santorum advanced by 34 votes, although no champ has been declared because the after-effects from eight precincts are missing.
According to the certified vote totals, Mr Santorum won 29,839 votes while Mr Romney had 29,805. Mr Paul kept his third-place finish, with 26,036 ballots.
Iowa Republican Party administrator Matt Strawn appear the after-effects at a account appointment on Thursday morning.
The Romney attack alleged the aftereffect a "virtual tie", while the Santorum attack said it afflicted the anecdotal of the race.
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