The COVID-19 pandemic has influenced the global business landscape. One of the industries that experienced a substantial surge in demand post-COVID-19 is the Enterprise Resource Planning (ERP) market.
The global ERP market is experiencing growth driven by the increasing demand for operational efficiency and transparency in business operations, as well as a rising need for ERP software from small and medium enterprises. Moreover, the increase in the adoption of cloud and mobile applications is contributing positively to the growth of the ERP market.
According to the report published by Allied Market Research, the global ERP market was worth $43.72 billion in 2020 and is expected to be worth $117.09 billion by 2030, rising at a CAGR of 10.0% from 2021 to 2030. The report provides an in-depth examination of evolving market patterns, the value chain, primary market segments, significant investment opportunities, regional conditions, and the competitive environment.
ERP solutions have always played a significant role in enhancing operational efficiency, streamlining processes, and providing real-time data analytics for informed decision-making.
However, aligned with the global trends, the Indian ERP market is also witnessing significant momentum, making these systems more essential than ever. Let's explore key reasons for the increased demand for ERP systems after the COVID-19 pandemic.