Market Description
Product-centric cloud enterprise resource planning (ERP) focuses on how organizations make, sell, and distribute physical goods. The key components focus on back-office administrative functions, shop floor management, planning capabilities, operational systems, and orchestration of orders. Vendors selected in the Constellation ShortListTM for this category offer 9 out of the 14 threshold criteria across a wide range of industries and geographies. The global ERP software and services market is expected to be $94.1 billion by 2030 at a 9.9% compound annual growth rate (CAGR).
Artificial intelligence (AI) and automation will drive most future advancements with a long-term goal of situational awareness. Organizations seek the ability to get to zero full-time equivalent (FTE) back-office organizations and autonomous processes. The goal is to determine when processes should be delivered with intelligent process automation, augmentation of machines with humans, augmentation of humans with machines, and human ingenuity and judgment.
