Enterprise Resource Planning (ERP) Software Procurement Intelligence expected to grow at a CAGR of 11% from 2023 to 2030
Enterprise Resource Planning (ERP) Software Procurement Intelligence The enterprise resource planning (ERP) software category is expected to grow at a CAGR of 11% from 2023 to 2030. The North American region accounts for the largest share of the category. Growth is being fueled by an increase in the use of mobile and cloud apps, as well as by the demand for operational efficiency and transparency in company operations. According to the Oracle Netsuite 2022 report, businesses keep converting to cloud-based ERP. It also states that to further automate, increase visibility, and improve customer experiences, ERP is merging with other technologies like social media and Internet of Things (IoT) devices. One of the top ERP trends for 2023 is the two-tier ERP. Industrial clouds are gaining prominence steadily. An industry cloud is a combination of infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS). Industry clouds are witnessin...