FOCUS ON CONTROL TECHNOLOGIES
turnaround time and high production capability provide transparency, allowing managers to gain better insights and make effective decisions. A centralised solution can manage a variety of business processes including finance and accounting, sales and marketing, and procurement and supply chain.
ERP market growth
According to analyst Grand View Research, the global ERP software market size was estimated at US $ 64.83- billion in 2024 and is projected to reach US $ 123.41 billion by 2030, growing at a CAGR of 11.7 % from 2025 to 2030. The increasing demand for data-driven decision-making and streamlined operations across various industries is driving market growth.
“ The increasing adoption of mobile and cloud applications is a major growth driver for the ERP software industry, as these technologies enable unprecedented accessibility, flexibility and scalability. Mobile ERP apps allow employees to access critical data and perform tasks from anywhere, significantly enhancing productivity by enabling real-time decision-making and‘ on-the-go’ task management. Cloud-based ERP solutions reduce infrastructure costs and provide scalable, subscription-based options, making ERP systems more affordable and accessible to small and medium-sized businesses. Cloud ERP also enables seamless data
sharing across departments, fostering better collaboration and allowing businesses to quickly adapt to changes,” outlined the analyst.
The analyst expects the cloud segment to grow at a CAGR of 13.5 % over the forecast period due to the increasing demand for digital transformation across industries. Companies are looking to modernise their processes and adopt digital solutions to stay competitive, and cloud ERP offers an efficient, scalable and flexible option. With cloud ERP, organisations can remotely manage core business functions such as finance, HR, procurement and supply chain management without investing heavily in IT infrastructure.
“ By integrating data from multiple departments, ERP software supports seamless collaboration and enables faster adaptation to market changes. Companies can leverage ERP data for better forecasting, resource allocation and overall decisionmaking, positioning themselves more competitively in their respective markets.
This trend is particularly prominent in industries undergoing rapid digitalisation such as retail, healthcare and manufacturing,” added Grand View Research.
The analyst confirmed, in its report, that the manufacturing segment accounted for the largest revenue share of over 19.0 % in 2024.
“ The rise of Industry 4.0 has emphasised smart manufacturing, where ERP systems facilitate the seamless integration of machines and systems on the production floor. Cloudbased ERP solutions also play a significant role in the ERP software industry’ s growth as they provide scalability, flexibility and remote accessibility, making them ideal for manufacturers with multiple plants or geographically dispersed operations,” highlighted Grand View Research.
ERP process examples
■ Inventory management: From MRO to equipment spares, ERP can act as a centralised resource for inventory tracking, data analysis and replenishment strategy.
■ Supply chain: ERP enables visibility and organisation for vendor performance tracking and can draw on data from internal and external sources to assist with more efficient supply chain planning and management.
■ Maintenance: Manufacturing ERP software facilitates effective maintenance by centralising scheduling, ticketing and work order management, while also enabling powerful data tracking and analytics to improve maintenance effectiveness.
■ Equipment performance tracking: ERP modules can store, track and analyse equipment performance data from sensors and reports, enabling more informed, proactive, targeted maintenance.
■ Quality assurance: Enterprise resource planning software can track QA results, creating vast data stores over time that can play a role in the early identification of maintenance needs.
■ Purchasing: With ERP, purchasing and requisition can be easily organised and can operate with visibility into other relevant areas of the operation.
■ HR: In addition to manufacturing operations and support, ERP can also be applied to HR functions such as performance reviews, goal tracking and more.
■ CAD-to-BOM capability: An ERP with CAD-to-BOM integration automatically converts CAD designs into bills of materials( BOMs). This feature saves hours of repetitive data entry, prevents mistakes and ensures that engineering changes flow seamlessly into production.
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