Enterprise resource planning (ERP) refers to integrated software applications that allow organizations to use a system of integrated applications to manage core business functions such as inventory management, financials, manufacturing, project management, and customer relationship management. ERP systems provide a unified interface for viewing all the data related to a business's key operations in a single application and a single shared database, facilitating improved communication, process automation, and decision-making. The growing need amongst organizations to simplify business processes, integrate data across multiple business functions, enhance operational efficiency, and gain real-time access to business-critical information is expected to drive the demand for ERP solutions globally.

The Global Enterprise Resource Planning Market is estimated to be valued at US$ 100 Bn in 2024 and is expected to exhibit a CAGR of 15% over the forecast period 2024 To 2030.

Key Takeaways

Key players operating in the Enterprise Resource Planning are SAP, Oracle, Epicor, Microsoft, Infor, IBM, NetSuite, Unit4, Syspro, Sage Group plc.

Growing demand for automated business processes and cloud-based Enterprise Resource Planning Market Trends solutions from SMEs present significant growth opportunities for vendors in the market. Adoption of ERP solutions help organizations gain actionable insights, streamline operations and focus more on growth.

Major ERP vendors are focusing on global expansions by establishing partnerships with local players and strengthening their presence across emerging economies in Asia Pacific, Middle East & Africa and Latin America to tap into the growth opportunities in these regions. Increasing digitalization and Industralization in developing countries will further drive the adoption of ERP systems in the coming years.

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