Enterprise Resource Planning (ERP) is an integrated software solution that allows businesses to improve processes relating to planning, distribution, finance, marketing, human resources and more. With an ERP system in place, businesses can make more effective decisions based on real-time analytics, reduce waste and redundant tasks and improve the efficiency for better results using fewer resources. In short, ERP is a personalized software solution to integrate and streamline all business processes. It’s little wonder that the market is growing at an exponential rate as more companies look to utilize ERP to enhance their operations.
Projected Value of the ERP Market
According to a report by MarketResearchEngine.com, the global ERP market is expected to exceed $49 billion by 2020. The report provides an overview of the ERP and related technology markets, analysis global trends and presents the figure using data and projections.