ERP Trends to Watch in 2024

The growth of cloud-based ERP (Enterprise Resource Planning) systems has been exponential in recent years, revolutionizing the way businesses manage their operations. The global cloud ERP market is expected to grow 13.6% annually and reach $40.5 billion by 2025, per Statista. Industry experts estimate over 85% of the world’s data resides on-premises, creating tremendous opportunity for ERP channel partners with cloud migration expertise. The manufacturing, financial services, healthcare, and government sectors continue to persist as the predominant target industries for the software vendors and their channel partners. While industry giants like Oracle, SAP, and Microsoft Dynamics maintain their stronghold in the ERP sector, consolidation has been an ongoing trend in recent years.

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