The global enterprise resource planning (ERP) software market size was valued at $71.41 billion in 2023. The market is projected to grow from $81.15 billion in 2024 to $238.79 billion by 2032, exhibiting a CAGR of 14.4% during this period, a promising figure for the future ERP landscape.
Cloud-based ERP still ranks as one of the most revolutionary ERP trends, even though it is not a new one. Cloud computing introduced a new world of ERP, enabling SaaS options that drive more efficient work practices, save time, reduce the total cost of ownership, and help companies change how they work.
Open, flexible, and scalable cloud applications led the market to be dominated by SaaS ERP solutions. Many organisations that still use on-premise ERP are starting to understand how and why they are left behind. Highlighted by the pandemic, operational limitations, from inflexibility and costly scaling to lack of innovation and partial collaboration, forced many businesses to operate remotely, deeming on-premise solutions obsolete.
Many more companies are now moving massive amounts of ERP data into cloud storage because their obvious advantages have evaporated those reservations. As a result, the cloud computing market size is projected to reach USD 791.48 billion by 2028, exhibiting a CAGR of 17.9%.
2024 will see a further shift into the era of automation and embracing machine learning and AI in ERP. In a business world dominated by a culture of instant gratification, process automation tips the scales in favour of those who use it to “achieve more with less.”
In 2024 and beyond, the growing AI trend will echo across all ERP features, including industry-specific solutions, such as manufacturing and distribution. Artificial intelligence technologies, including machine learning, are helping organizations draw additional value from the ever-growing volumes of collected data. AI continues to empower companies to gather new, actionable insights, enhance their operational processes, and best use their reams of business data.
Dynamics does very favourably in the overall ERP the market share at 24.53%, followed by Workday at 14.34%, SAP ERP at 10.62% and SAP S/4 HANA at 9.56%. Microsoft have a robust ERP offering with their enterprise level F&O, and Business Central for small-medium businesses, as well as Customer Engagement (previously CRM). Dynamics is a popular choice for many organisations, particularly in the US, UK and Germany, as the wider Microsoft environment is a leading choice for many businesses, many of which are integrated/embedded into D365 and work seamlessly with the ERP/CE Offering.
We have worked with a number of clients on their D365 transformations, from UK businesses with annual revenues of less than £10 million, to global brands with £3b+ revenues implementing across 20+ countries, supplying them with the right permanent and contract talent to make each project a success.
One business was struggling halfway through a D365 implementation across 15 countries, the project was behind schedule and they didn’t have the right internal talent to deliver the project alongside their implementation partner. We partnered with them and over a 6 month period delivered 13 highly experienced D365 specialists, a mixture of perm and contract, most in the UK with some in Spain and Portugal, which are very small D365 markets and very hard to attract genuine specialist talent. The roles varied from Project/PMO Managers and Business Analysts, to Test Leads/Analysts, Technical Delivery Leads, Solution Architects and Cutover Managers, bringing the project back on track with highly experienced specialists who could bring expert knowledge to the programme.
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