The global Human Resource Management (HRM) tools market is experiencing robust growth, driven by the increasing need for efficient workforce management, automation of HR processes, and the rising adoption of cloud-based solutions. The market, estimated at $25 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033, reaching approximately $70 billion by 2033. This expansion is fueled by several key factors: the growing preference for cloud-based HRM systems offering scalability and cost-effectiveness, the increasing demand for analytics-driven insights to improve workforce productivity and decision-making, and the rising adoption of artificial intelligence (AI) and machine learning (ML) for tasks like recruitment and employee engagement. Significant investments by major players like ADP, Workday, and Oracle are further boosting market innovation and expansion. The market segmentation reveals substantial opportunities within the large enterprise segment, which accounts for a significant share of market revenue, due to their greater budget capacity and complex HR needs. However, the SME segment also presents significant potential for future growth, driven by the increasing affordability and accessibility of cloud-based solutions. While the North American market currently holds the largest market share, rapid digitalization in regions like Asia Pacific is expected to fuel significant regional growth in the coming years. The market's growth, however, faces certain constraints. Data security and privacy concerns remain a major challenge, alongside the high initial investment costs for some solutions, potentially hindering wider adoption among smaller businesses. The integration complexities of HRM tools with existing enterprise resource planning (ERP) systems can also impede implementation. Furthermore, resistance to change within organizations and the need for robust employee training are significant factors impacting market growth. Overcoming these challenges through enhanced security measures, affordable pricing models, and streamlined integration solutions is crucial for sustainable market growth and wider adoption. The continued innovation in areas like AI-powered recruitment, employee experience platforms, and predictive analytics will shape the future landscape of the HRM tools market.

The global Human Resources Information System (HRIS) software market is experiencing robust growth, driven by the increasing need for efficient talent management, enhanced employee self-service capabilities, and the rising adoption of cloud-based solutions. The market's expansion is fueled by several key factors, including the growing complexity of HR functions, the need for improved data analytics to support strategic decision-making, and the increasing pressure on organizations to optimize workforce costs. The shift towards remote work models accelerated by recent global events has further intensified the demand for flexible and accessible HRIS solutions. Large enterprises are driving a significant portion of the market due to their complex HR needs and substantial budgets for software investments. However, SMEs are also increasingly adopting HRIS solutions, recognizing their potential to improve operational efficiency and streamline HR processes. Competition is intense, with established players like SAP, Oracle (NetSuite), and Workday competing alongside smaller, specialized vendors offering niche solutions. The market is segmented by deployment model (cloud-based and on-premises) and target user (large enterprises and SMEs). Cloud-based solutions are gaining significant traction due to their scalability, cost-effectiveness, and accessibility. While on-premises solutions maintain a presence, particularly in highly regulated industries, the trend is clearly towards cloud adoption. Geographic distribution shows strong growth across North America and Europe, with emerging markets in Asia-Pacific showing promising potential for future expansion. The overall market exhibits a healthy Compound Annual Growth Rate (CAGR), indicating sustained growth prospects throughout the forecast period. The future of the HRIS software market hinges on technological advancements, such as the integration of artificial intelligence (AI) for talent acquisition and performance management, and the increasing use of machine learning for predictive analytics. Furthermore, the increasing demand for enhanced security features to protect sensitive employee data will continue to shape the market landscape. The integration of HRIS with other enterprise resource planning (ERP) systems is also a key trend, fostering greater data integration and improving overall business efficiency. Potential restraints include the high initial investment costs associated with implementing some HRIS solutions, the need for ongoing maintenance and support, and the complexities involved in data migration and integration. Nevertheless, the long-term prospects for the HRIS software market remain positive, driven by continued technological innovation and the persistent need for organizations to optimize their human capital management strategies. Considering the market's current trajectory and anticipated trends, we can project sustained growth for the foreseeable future.

Global Enterprise Resource Planning Technologies market size earned $56.15 B in 2023 and is expected to hit $120.95 B by 2032, with a projected CAGR of 8.9%.

The global enterprise resource planning (ERP) software market is forecast to grow to around *** billion U.S. dollars by 2026. SAP and Oracle are two of the leading vendor in the market. Enterprise resource planning (ERP) Enterprise resource planning (ERP) refers to the business process management software that allows businesses to integrate different aspects of business operations in one database, application and user interface. It is a type of enterprise software, which also includes human resource management (HRM) systems, customer relationship management (CRM), office suites, etc. The market is forecast to witness growth in the coming year – overall IT spending on enterprise software is projected to grow to *** billion U.S. dollars by 2020. In comparison to other IT segments such as data center systems and hardware devices, enterprise software has a more consistent growth pattern, signaling businesses’ steady and high demand of software support.

The global Comprehensive Human Resources (HR) Services market, valued at $7137 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 12.6% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing adoption of cloud-based HR solutions enhances efficiency and reduces operational costs for businesses of all sizes. Furthermore, a growing emphasis on employee engagement and retention strategies, coupled with the rising complexity of labor laws and regulations across diverse geographical regions, are significantly boosting demand for comprehensive HR services. The shift towards gig economies and remote work models necessitates sophisticated HR solutions for managing diverse workforces effectively. Technological advancements like AI-powered recruitment tools and data analytics platforms for performance management further contribute to market growth. Segmentation reveals a strong presence across various sectors, including automobile, finance, and healthcare, with recruitment services and employee management services dominating the types segment. The Asia-Pacific region, particularly China and India, is anticipated to witness substantial growth due to rapid economic expansion and a burgeoning workforce. However, challenges such as high implementation costs for advanced HR technologies and potential data security concerns could somewhat restrain the market’s overall expansion. The competitive landscape is fragmented, with numerous global players and regional firms vying for market share. Large multinational companies like ADP, ManpowerGroup, and Randstad dominate the global market, leveraging their established brand recognition and extensive service portfolios. However, smaller, specialized firms are thriving by offering niche services tailored to specific industry needs or geographical markets. The market is witnessing increased mergers and acquisitions, as larger firms seek to consolidate their market position and expand their service offerings. Future growth will likely be influenced by the adoption of emerging technologies such as blockchain for secure data management and the increasing integration of HR services with other enterprise resource planning (ERP) systems. The market's continued expansion will depend on successful navigation of evolving regulatory frameworks, and ongoing adaptation to shifting workforce dynamics and technological innovations.

Europe Business Software Market size was valued at USD 59.76 Billion in 2024 and is projected to reach USD 103.54 Billion by 2032, growing at a CAGR of 7.10% from 2026 to 2032.

Demand For Digital Transformation: The adoption of business software is being driven by enterprises seeking to modernize operations and enhance efficiency. The Europe Business Software market is projected to expand as organizations prioritize automation, data analytics, and cloud-based solutions. According to the European Commission's Digital Economy and Society Index (DESI) 2023, only 41% of EU enterprises have achieved a basic level of digital intensity, while the EU target is 90% by 2030. Investments In Cloud Computing: A shift toward cloud-based business software is being observed due to scalability, cost-effectiveness, and remote accessibility.

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Enterprise Resource Planning (ERP) Software Market Size 2025-2029

The enterprise resource planning (ERP) software market size is valued to increase USD 37.66 billion, at a CAGR of 10.7% from 2024 to 2029. Increased operational efficiency associated with ERP software will drive the enterprise resource planning (ERP) software market.

Major Market Trends & Insights

North America dominated the market and accounted for a 39% growth during the forecast period.
By Type - Cloud-based segment was valued at USD 19.49 billion in 2023
By End-user - Manufacturing segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 146.28 billion
Market Future Opportunities: USD 37664.70 billion
CAGR : 10.7%
North America: Largest market in 2023

Market Summary

The market represents a dynamic and continually evolving landscape, underpinned by core technologies and applications that streamline business operations. Notable technologies include cloud deployment, mobile access, and embedded data analytics, which have gained significant traction due to their ability to enhance operational efficiency. However, the market also faces challenges, such as the increasing number of cyberattacks on ERP software, which pose a significant threat to data security.
According to recent reports, the cloud-based ERP market is projected to account for over 50% of the total ERP software market share by 2025, underscoring the growing preference for flexible and scalable solutions. Despite these challenges, opportunities abound, particularly in areas such as supply chain optimization, workforce management, and real-time reporting.

What will be the Size of the Enterprise Resource Planning (ERP) Software Market during the forecast period?

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How is the Enterprise Resource Planning (ERP) Software Market Segmented and what are the key trends of market segmentation?

The enterprise resource planning (ERP) software industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Cloud-based
  On-premises


End-user

  Manufacturing
  BFSI
  Healthcare
  IT and telecom
  Others


Business Segment

  Finance & Accounting
  Human Resources (HR)
  Supply Chain Management (SCM)
  Customer Relationship Management (CRM)
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By Type Insights

The cloud-based segment is estimated to witness significant growth during the forecast period.

The global ERP software market is experiencing significant growth, with the cloud-based segment leading the way. In 2024, cloud-based ERP solutions accounted for approximately 65% of the market share. This trend is driven by the increasing adoption of cloud computing technology, which offers benefits such as scalability, flexibility, and cost savings. Moreover, the ERP software market is witnessing continuous evolution, with advancements in areas like user interface design, project management tools, sales order management, risk management software, data warehousing solutions, software development lifecycle, business intelligence dashboards, system maintenance procedures, modular software design, and ERP system integration. These developments are enhancing the functionality and efficiency of ERP systems.

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The Cloud-based segment was valued at USD 19.49 billion in 2019 and showed a gradual increase during the forecast period.

The market is expected to grow at a steady pace in the coming years. According to recent estimates, the global ERP software market is projected to expand by around 15% by 2027. Factors contributing to this growth include the increasing demand for business process automation, customizable workflows, procurement module functionality, data migration strategies, data analytics capabilities, production planning software, disaster recovery planning, compliance management systems, real-time data processing, inventory management systems, IT infrastructure needs, and financial management modules. In conclusion, the ERP software market is undergoing a technological shift, with cloud-based solutions leading the charge. The market is expected to continue growing, driven by the increasing adoption of advanced technologies and the evolving needs of businesses across various sectors.

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Regional Analysis

North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that s

The market size of the Mobile Enterprise Application Development Platform Market is categorized based on Deployment Type (Cloud-Based, On-Premise) and Application Type (Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Supply Chain Management (SCM), Human Resource Management (HRM), Project Management) and End-User Industry (BFSI, Healthcare, Retail, Manufacturing, Telecommunications) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The global school Enterprise Resource Planning (ERP) software market is experiencing robust growth, driven by increasing demand for streamlined administrative processes, enhanced data management, and improved communication within educational institutions. The market, estimated at $5 billion in 2025, is projected to experience a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033, reaching an estimated market value of approximately $12 billion by 2033. This growth is fueled by several key factors, including the rising adoption of cloud-based solutions, the increasing need for data-driven decision-making in education, and government initiatives promoting digitalization in schools. Furthermore, the integration of various educational modules, such as student information systems (SIS), finance management, and human resource management (HRM) within a single platform, offers significant operational efficiencies and cost savings to schools. Key players like Entab, Lead, Edunext, Schoollog, VGES, Edusys, NetSuite, Skyward, DreamClass, PowerSchool, FRONTLINE, Harris, and Teachmint are shaping the market landscape through innovative product offerings and strategic partnerships. However, the market faces challenges such as the high initial investment cost of implementing ERP systems, the need for robust technical support and training, and concerns around data security and privacy. Despite these challenges, the long-term benefits of improved efficiency, enhanced data insights, and better communication outweigh the initial hurdles, making the school ERP software market a lucrative and rapidly expanding sector poised for continued growth in the coming years. Segmentation within the market includes solutions categorized by deployment (cloud-based, on-premise), school size (primary, secondary, higher education), and functionality (SIS, finance, HR).

Enterprise Resource Planning (ERP) System Market Outlook

The global Enterprise Resource Planning (ERP) System market size was valued at USD 52.5 billion in 2023 and is projected to reach USD 108.4 billion by 2032, exhibiting a CAGR of 8.7% during the forecast period. The growth of the ERP market is driven by the increasing demand for streamlined business processes and real-time data access across various industrial sectors. Businesses are increasingly recognizing the need to integrate various departmental functions such as supply chain management, human resources, finances, and customer service into cohesive platforms. This demand is further propelled by the technological advancements in cloud computing and digital transformation, enabling organizations to become more agile and responsive to market changes.

One of the primary growth factors for the ERP system market is the growing need for improving operational efficiency by centralizing business data and automating tasks. Companies are under increasing pressure to enhance productivity and reduce operational costs, and ERP systems provide a comprehensive solution by integrating processes across all departments. These systems help minimize redundancies, improve communication between departments, and provide a central repository for data, which aids in decision-making. Moreover, the rising awareness about the advantages of ERP systems, such as enhanced decision-making capabilities and improved compliance and risk management, is significantly contributing to market growth.

Another driver of market expansion is the increasing adoption of cloud-based ERP solutions. Cloud deployment offers several benefits, including reduced IT infrastructure costs, ease of accessibility, and scalability, making it a popular choice among small and medium enterprises (SMEs) that seek cost-effective and flexible solutions. The shift from traditional on-premises ERP systems to cloud-based models is not only driven by cost considerations but also by the need for businesses to adapt quickly to evolving technological landscapes and changing customer expectations. Furthermore, the ongoing trend of digital transformation across industries is fostering the adoption of ERP systems, as organizations strive to maintain a competitive edge by leveraging technology to enhance their operational capabilities.

The integration of advanced technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) into ERP systems is another significant growth factor. These technologies enhance the functionality of ERP systems by enabling automation, improving predictive analytics capabilities, and facilitating real-time data analytics. The incorporation of AI and ML into ERP solutions helps in optimizing supply chain operations, predicting market trends, and enhancing customer experiences, which are critical for industries like manufacturing, retail, and BFSI. As these technologies become more accessible and affordable, their integration into ERP systems is expected to create new opportunities and drive further market growth.

Regionally, North America holds a significant share of the ERP system market due to the early adoption of advanced technologies and the presence of major ERP vendors in the region. The Asia Pacific region is anticipated to witness the highest growth rate during the forecast period, driven by the rapid industrialization, growing digitalization, and increasing number of SMEs adopting ERP solutions in countries like China and India. Europe also represents a substantial market, with robust growth in the manufacturing and BFSI sectors. Meanwhile, Latin America and the Middle East & Africa are gradually embracing ERP technologies, spurred by economic development initiatives and increasing investments in IT infrastructure.

Component Analysis

The Enterprise Resource Planning (ERP) system market is primarily segmented by component into software and services. ERP software is the core of the system, encompassing modules that cover various business functions like finance, human resources, supply chain management, and customer relationship management. This software is the backbone that supports the integration of diverse business processes into a unified system, facilitating data sharing and decision-making across the organization. As businesses aim to keep up with the dynamic market environment, there is a growing demand for ERP software solutions that offer interoperability, configurability, and scalability. The software segment continues to dominate the market, driven by advancements in cloud-based technologies and the increasing adoption of AI and I

The global ERP software development services market is projected to reach a value of USD XXX million by 2033, expanding at a CAGR of XX% during the forecast period (2025-2033). This growth is driven by the increasing adoption of cloud-based ERP solutions, the need for real-time data visibility, and the growing complexity of business processes. ERP software development services provide businesses with the tools and expertise to implement, customize, and maintain their ERP systems. These services are essential for ensuring that ERP systems are aligned with business needs and that they are functioning optimally. The market for ERP software development services is segmented by type, application, company, and region. The type segment includes off-the-shelf solutions, customized development, and mixed mode. The application segment includes financial management, supply chain management, human resource management, and others. The company segment includes Belitsoft, Appinventiv, BairesDev, ScienceSoft, Itransition, XB Software, Chetu, Hdwebsoft, Innowise, CleverDev Software, Maticz, Andersen, Evince Development, Oodles Technologies Pvt. Ltd., Closeloop, Holycode, Software Planet Group, Luvina, Radixweb, Jellyfish Technologies, Zibtek, and Kingdee. The regional segment includes North America, South America, Europe, the Middle East & Africa, and Asia Pacific.

Enterprise Resource Planning (ERP) Software Market Outlook

The global market size for Enterprise Resource Planning (ERP) software was valued at approximately USD 50 billion in 2023 and is projected to reach around USD 100 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period. This substantial growth is driven by the increasing need for business process efficiency, the rising adoption of cloud-based solutions, and the expanding deployment in small and medium-sized enterprises (SMEs).

One of the primary growth factors of the ERP software market is the increasing demand for improved operational efficiency and business agility. As organizations across various sectors strive to streamline their processes, reduce operational costs, and enhance decision-making capabilities, ERP systems provide a unified platform that integrates all critical business functions. This consolidation facilitates real-time data access and analytics, enabling businesses to respond more quickly to market changes and customer demands. Furthermore, the growing complexity of business operations necessitates advanced solutions like ERP to manage and optimize resources effectively.

Another significant driver is the rapid adoption of cloud-based ERP solutions. Cloud technology offers numerous advantages over traditional on-premises systems, including lower upfront costs, scalability, and ease of maintenance. As a result, many enterprises, particularly SMEs, are shifting towards cloud-based ERP solutions to leverage these benefits. The flexibility and accessibility of cloud ERP allow businesses to access their systems from anywhere, at any time, thus supporting remote work and global operations. Additionally, cloud providers often offer robust security measures and regular updates, ensuring that the ERP systems remain secure and up-to-date.

The increasing digital transformation initiatives across various industries are also propelling the ERP software market. Businesses are increasingly investing in advanced technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) to gain a competitive edge. ERP systems, with their ability to integrate and analyze data from these technologies, are becoming essential tools for digital transformation. For instance, AI-powered ERP solutions can provide predictive analytics, automate routine tasks, and enhance decision-making processes. Similarly, IoT-enabled ERP systems can offer real-time monitoring and control of manufacturing processes, supply chains, and other critical operations.

Regionally, North America is expected to dominate the ERP software market owing to the high adoption rate of advanced technologies and the presence of major ERP vendors in the region. However, the Asia Pacific region is anticipated to witness the highest growth rate during the forecast period. The rapid industrialization, increasing number of SMEs, and government initiatives supporting digitalization in countries like China and India are key factors driving the market growth in this region. Additionally, the growing awareness about the benefits of ERP systems among businesses in emerging economies is further contributing to the market expansion.

Component Analysis

The ERP software market can be segmented by component into software and services. The software segment holds the largest market share due to the critical role ERP systems play in integrating and managing business operations. ERP software encompasses various modules such as finance, human resources, supply chain, and customer relationship management, among others. These modules provide comprehensive solutions that help organizations streamline their processes, enhance collaboration, and improve overall efficiency. The continuous advancements in ERP software, including the integration of AI, ML, and IoT technologies, are further boosting the demand for this segment.

The services segment includes consulting, implementation, training, and support services that complement the ERP software. These services are essential for the successful deployment and utilization of ERP systems. Consulting services help businesses identify their specific needs and select the appropriate ERP solution. Implementation services ensure that the ERP system is customized and integrated seamlessly with existing processes. Training services equip employees with the necessary skills to use the ERP system effectively

In the context of office work, learning to handle an Enterprise Resource Planning (ERP) system is important as implementation costs for such systems and associated expectations are high. However, these expectations are often not met because the users are not trained adequately. Electronic Performance Support Systems (EPSS) are designed to support employees’ ERP-related problem-solving and informal learning. EPSS are supposed to enhance employees’ performance and informal workplace learning through task-specific and granular help in task performance and problem-solving. However, there is little empirical research on EPSS. Two survey studies addressed this research gap. In the first study, 301 people working in Human Resource (HR)-related positions and functions evaluated the learning potential of EPSS as well as potential advantages and obstacles concerning the implementation and use of EPSS. Though other measures are currently assessed as more important for learning, HR employees expect a strong increase in the significance of EPSS for employee learning. In the second study, 652 users of ERP software completed a questionnaire on characteristics of their daily work tasks, team characteristics, individual dispositions, their coping with ERP-related problems, and characteristics of EPSS. Findings indicate that the most frequently available and used approach when dealing with an ERP-related problem is consulting colleagues. Three EPSS types can be distinguished by their increasing integration into the user interface and their context-sensitivity (external, extrinsic, and intrinsic EPSS). While external and extrinsic EPSS are available to many users, intrinsic EPSS are less common but are used intensively if available. EPSS availability is identified to be a strong positive predictor of frequency of EPSS use, while agreeableness as well as the task complexity and information-processing requirements show small negative effects. Moreover, more intensive ERP users use EPSS more frequently. In general, ERP users value, features such as context-sensitivity, an integration of the EPSS into the ERP system’s user interface, the option to save one’s own notes, and information displayed in an extra window. It is expected that EPSS will play an important role in workplace learning in the future, along with other measures.

The U.S. Enterprise Resource Planning (ERP) Software Market size was valued at USD 12.06 USD Billion in 2023 and is projected to reach USD 15.45 USD Billion by 2032, exhibiting a CAGR of 3.6 % during the forecast period. Enterprise resource planning (ERP) is a type of software system that helps organisations automate and manage core business processes for optimal performance. ERP software coordinates the flow of data between a company’s business processes, providing a single source of truth and streamlining operations across the enterprise. It’s capable of linking a company’s financials, supply chain, operations, commerce, reporting, manufacturing, and human resources activities on one platform. ERP systems tie together a multitude of business processes and enable the flow of data between them. By collecting an organization’s shared transactional data from multiple sources, ERP systems eliminate data duplication and provide data integrity with a single source of truth. The U.S. Enterprise Resource Planning (ERP) Software Market is driven by the increasing demand of organizations to move their IT infrastructure to the cloud, providing cost savings, scalability, and flexibility. Cloud-based ERP systems allow organizations to access their data and applications from anywhere with an internet connection. Recent developments include: Increasing investment in research and development Strategic partnerships and acquisitions Expanding product portfolios Focus on industry-specific solutions. Key drivers for this market are: Increased Number of Relevant Partnerships and Collaborations to Achieve Advancements in Artificial Intelligence Technology. Potential restraints include: Integration with Legacy Systems to Impede the Growth. Notable trends are: Growing Implementation of Touch-based and Voice-based Infotainment Systems to Increase Adoption of Intelligent Cars.

Global Big Management is segmented by Application (Manufacturing, Retail, Healthcare, Finance, Information Technology), Type (Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Supply Chain Management (SCM), Business Intelligence (BI), Human Resource Management (HRM)) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Enterprise software has the largest share of the overall software market, with worldwide revenues amounting to over *** billion U.S. dollars in 2021, according to the Statista Technology Market Outlook. Due to the impact of the coronavirus (COVID-19) outbreak, the global software market growth slowed down considerably in 2020; however, the industry is expected to resume strong growth in 2021, with application development and enterprise software projected to mark the strongest revenue increase.

What is enterprise software?  

Enterprise software is the software primarily used to satisfy various business needs. It helps companies meet their goals by boosting enterprise productivity and efficiency – for example through helping to track and improve supply chains, interact with customers, or manage resources. There are a wide range of applications under the term “enterprise software”, with accounting software, office suites, human resource management (HRM) systems, and enterprise resource planning (ERP) being a few of them.

How do most global enterprises deploy their ERP solutions?  

Enterprise resource planning (ERP) is a type of software organizations used to manage day-to-day business activities like supply chain operations, accounting, or project management, among others. These software solutions can be deployed through different models. Most companies worldwide report on-premise solutions as their primary method for ERP deployment followed by cloud ERP systems and software-as-a-service solutions. Over ** percent of companies worldwide reported cost overruns in their ERP implementation projects as of 2021.