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Enterprise Resource Planning (ERP) Market to Reach $117.09 Billion, Globally, by 2030 at 10.0% CAGR: Allied Market Research

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PORTLAND, Ore., Sept. 23, 2024 /PRNewswire/ — The rise in the need for operational efficiency and transparency in business processes and the increase in demand for ERP software from small & medium enterprises boost the growth of the global market. In addition, the surge in adoption of cloud and mobile applications is positively impacting the growth of the market.

Allied Market Research published a report, titled, “Enterprise Resource Planning (ERP) Market by Component (Software and Services), Deployment Model On-premise, Cloud and Hybrid), Enterprise Size (Large Enterprises, Medium Enterprises, and Small Enterprises), Business Function (Finance, Human Resource (HR), Supply Chain, Customer Management, Inventory Management, Manufacturing Module, and Others) and Industry Vertical (Manufacturing, BFSI, Healthcare, Retail & Distribution, Government & Utilities, IT & Telecom, Construction, Aerospace & Defense and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030″. According to the report, the “enterprise resource planning (ERP) market” was valued at $43.72 billion in 2020, and is projected to reach $117.09 billion by 2030, growing at a CAGR of 10.0% from 2021 to 2030.

The rise in the need for operational efficiency and transparency in business processes and the increase in demand for ERP software from small & medium enterprises boost the growth of the global market. In addition, the surge in adoption of cloud and mobile applications is positively impacting the growth of the market. However, the availability of open-source ERP applications and the high implementation cost of ERP software technology hamper the growth of the ERP market. On the contrary, the rise in the application of ERP solutions in small & medium enterprises and the rapid transformation of modern business models are expected to offer remunerative opportunities for the expansion of the enterprise resource planning market during the forecast period.

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The software segment held the highest market share in 2020. 

By component, the software segment dominated the market in 2020, The demand for ERP software surged as businesses across industries increasingly sought to streamline operations, integrate various business functions, and enhance decision-making through centralized data management. However, the services segment is expected to witness the largest CAGR of 10.7%, this growth is driven by the increasing need for consulting, customization, implementation, and ongoing support as businesses adopt more complex ERP systems.  As organizations transition to cloud-based and AI-powered ERP solutions, they require professional services for seamless integration with existing systems, data migration, training, and system optimization.

The on-premise segment held the highest market share in 2020.

By deployment model, the on-premise segment accounted for the largest share in 2020. This dominance is attributed to several key factors. Many organizations, particularly those in regulated industries such as finance, healthcare, and manufacturing, prefer on-premise solutions due to their ability to provide greater control over data security and compliance.  However, the cloud segment is expected to witness the largest CAGR of 11.6%. This anticipated growth is driven by several key factors. First, the increasing demand for flexibility and scalability in business operations has led many organizations to adopt cloud-based ERP solutions, which allow for easy updates and expansion without the need for significant hardware investments. 

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Regional Insights: The North America region held the highest market share in 2020. 

By region, the enterprise resource planning (ERP) market was dominated by North America in 2020. North America, particularly the United States, has a highly developed technological infrastructure and a strong presence of leading ERP vendors, which facilitates the adoption of advanced ERP solutions across various industries. 

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Key Industry Developments 

In July 2024, Eton Solutions launched an enterprise resource planning (ERP) platform – AtlasFive, for managing family offices in India.In July 2024, SAP and its partner SGN Software Pvt Ltd launched a flagship Cloud ERP offering designed for small and mid-sized organizations.In May 2024, Forterro launched Fortee, its entry-level cloud-based ERP solution. Fortee has been designed specifically for the needs of SME discrete manufacturers and industrial startups and is based on 15 years of cloud-ERP learning.

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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SOURCE Allied Market Research

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Orderful Raises $15M Growth Round Led by NewRoad Capital Partners to Transform B2B Integration with Modern EDI Solutions

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Orderful secures $15M to expand its modern EDI platform, enabling faster, smarter B2B integrations with AI and self-service solutions.

SAN FRANCISCO, Nov. 15, 2024 /PRNewswire-PRWeb/ — Orderful, a pioneering company revolutionizing business-to-business (B2B) integration with its industry-leading Electronic Data Interchange (EDI) platform, announced today that it has raised $15 million in a growth round led by NewRoad Capital Partners. The round also saw participation from new investors 9Yards, Flume Ventures, and NFI Ventures, alongside existing investors Andreessen Horowitz and GLP Partners.

“We like to invest in companies with strong domain expertise that are solving big legacy problems and delivering on what they promise to the market. Orderful exceeds expectations in all of these areas.” Gregoire Lehmann, Principal at NewRoad Capital Partners

Orderful is changing the status quo in the B2B integration space by offering a fast, modern EDI software-as-a-service platform that drastically simplifies the way businesses connect and exchange data. Orderful customers connect once to their API platform and can go live with new EDI connections in less than 2 weeks, which is 10x faster than competitors. This year, Orderful launched its Web EDI Fulfillment product, a solution for companies of all sizes to start trading EDI without speaking with a sales representative. Orderful is the first EDI company in the world to provide this product experience.

Orderful is also the first company to integrate artificial intelligence (AI) into its platform to manage and resolve EDI errors in real-time. The AI-based recommendation engine drastically reduces the time and effort required to go-live and manage trading partners. Hundreds of leading companies, including NFI, Koch Industries, Pepsi Logistics, G-III Apparel Group, Liquid Death, and Continental Mills, are leveraging Orderful’s platform to gain a competitive edge in their respective markets. With its latest funding, Orderful is poised to accelerate growth and further enhance its product offerings.

New Partnership and Strategic Insights

As part of the investment, Gregoire Lehmann, Principal at NewRoad Capital Partners, will join Orderful’s board of directors. Josh Jewett, Operating Partner at NewRoad and former Chief Information Officer (CIO) at Family Dollar and Dollar Tree, will join as a board observer. Their deep expertise in supply chain and retail technology will provide invaluable insights as Orderful continues to scale. “Orderful is fundamentally changing the way companies trade EDI. Their approach to simplifying EDI is a game changer. We like to invest in companies with strong domain expertise that are solving big legacy problems and delivering on what they promise to the market. Orderful exceeds expectations in all of these areas.” said Gregoire Lehmann, Principal at NewRoad Capital Partners.

“Having spent years in the retail industry, I understand the pain points of traditional EDI systems. Orderful’s innovative approach is precisely what the industry needs to move forward. The labor expense, delays, transaction fees, cumbersome interfaces, and poor error handling are all gone with their model. I’m excited to contribute to their journey,” added Josh Jewett, Operating Partner at NewRoad Capital Partners.

“NFI has always been at the forefront of innovation in logistics, and Orderful has been a critical partner in helping us streamline our EDI processes. Their platform has enabled us to be more agile and responsive, giving us a significant competitive advantage,” said Dave Broering, President of Integrated Logistics at NFI.

Looking Ahead

“We are thrilled to partner with NewRoad Capital Partners, whose industry expertise and extensive network will be invaluable as we continue to scale Orderful,” said Erik Kiser, CEO of Orderful. “The enthusiasm and support from our investors, both new and existing, are a testament to the impact Orderful is making in the B2B integration space. We are excited to continue growing at this pace and look forward to the opportunities ahead.” David Ulevitch, General Partner at Andreessen Horowitz, reflected on Orderful’s journey, “From the beginning, we saw the potential in Orderful’s vision to modernize EDI. Their progress has been incredible, and we’re excited to see how they will continue to innovate and lead in this space.”

Orderful is growing faster than any EDI company in its category, and this capital will enable the company to continue this momentum as it targets more enterprise customers in the retail and supply chain space.

With this new funding, Orderful plans to accelerate product development, expand its global reach, and continue to deliver cutting-edge solutions that empower businesses to thrive in an increasingly interconnected world.

About Orderful

Orderful is the modern EDI Platform revolutionizing how logistics providers, retailers, manufacturers, and technology companies manage their EDI trading partnerships and transactions in real-time. Its simplified integrations, pre-connected network, and user-friendly self-service approach minimize errors with customers onboarding new partners. Orderful has been recognized as a best-in-class EDI provider by industry leaders like G2 and SourceForge. To learn more, visit https://www.orderful.com/.

Media Contact

Gem Nwanne, Orderful, 1 855-965-1887, gem@orderful.com, https://www.orderful.com/

Twitter, LinkedIn

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SOURCE Orderful

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30 Years After the Passing of Daddy Bruce Randolph, His Legacy of Feeding Families on Thanksgiving Is in Jeopardy Due to Lack of Funding. Epworth Foundation Issues an Urgent Call for Donations

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DENVER, Nov. 15, 2024 /PRNewswire/ — With just one week left before the annual Denver Feed-A-Family event in honor of Daddy Bruce Randolph, the Epworth Foundation faces a critical shortfall in funding. To meet its ambitious goal of providing 7,500 Thanksgiving meal baskets, the organization needs to raise $400,000 but is far short of its goal. This significant gap puts thousands of families at risk of going without a meal this holiday season.

This year’s theme, “One Community, One Family,” embodies the foundation’s mission to bring nourishment and unity to those most in need. However, with funding levels far below what’s necessary, the Epworth Foundation urgently appeals to the community for help.

“We are at a crossroads,” said Xiomara Yanique, Program Director at the Epworth Foundation. “Without immediate support, we risk leaving many families without a Thanksgiving meal this year. Every dollar counts, and time is running out.”

The average cost of a meal basket is $55, which includes everything needed for a family meal serving 4-5 people. With current funding, the organization will be able to serve fewer than 1,000 families. The Epworth Foundation calls on local businesses, philanthropists, and community members to step in and help bridge this critical gap. Donations of any size are urgently needed and can be made directly on the foundation’s website.

A Call for Unity from Denver’s Mayor

Denver’s Mayor, Mike Johnston, expressed his concern and support for the initiative: “The Denver Feed-A-Family event has been a vital source of hope and comfort for our city’s most vulnerable families. I urge everyone to contribute. Together, we can ensure no family goes without a meal this Thanksgiving.”

How You Can Help

Donate Today: Visit www.epworthfoundation.org to make a contribution. You can sponsor one or more meal baskets or give any amount to help cover the cost of these essential meal kits.

Participate in Giving Tuesday: Join our community effort to honor Daddy Bruce Randolph’s legacy by supporting the cost of meal baskets for families in need.

Volunteer: There are still opportunities to lend a hand on distribution day, November 23rd.

For more information or to donate, please visit www.epworthfoundation.org.

Contact for Media:
Jackie Perry
Email: socialmedia@epworthfoundation.org
Phone: 904.866.3828

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SOURCE The Epworth Foundation

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The Merriest Grinchmas Ever Awaits with Grinch Décor from Gemmy

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Grinch-Inspired Decorations from Airblown® Inflatables to Life-Size Animatronics

DALLAS, Nov. 15, 2024 /PRNewswire/ — Fans of How the Grinch Stole Christmas! will be delighted with a feast of Grinch decorations to choose from this season. Gemmy’s expansive collection, from amazing Airblown® Inflatables and yard décor to life-size animated characters, is sure to grow hearts three sizes.

Grinch fans will be delighted with Gemmy’s expansive collection of decorations to choose from.

Airblown® Inflatables

Set the scene for a Merry Grinchmas with the Grinch inflatable lineup. Big or small, hanging or arched, Gemmy has you covered:

Craft a custom scene with adorable 4-ft tall characters: Grinch in Ugly Red Sweater and Cindy-Lou Who with gift.Warm hearts and add fun to your display with 6-ft and 6.5-ft options: Max and Grinch with red heart scene and Hanging Grinch with wreath.Welcome guests with whimsical 9-ft and 10-ft styles, perfect for parties and photo ops: sneaky Tiptoeing Grinch with gift sack, Merry Grinchmas Archway, and Grinch and Max with Naughty or Nice Sign.

Musical and Animated Merriment

For a multisensory experience, Grinch enthusiasts will love animated decor that plays “You’re A Mean One, Mr. Grinch”:

Life-Size Animated: Equipped with sound and motion features, these realistic characters are available in two styles—the charming 4-ft Animated Little Grinch and the 6-ft Animated Grinch in a Santa suit.EmoteGlow™: Featuring animated faces that light up and sing, this amazing technology is available in the adorable 6.3-in Kawaii Grinch (in-store only) and the Grinch Musical Light String with eight bulbs.

Indoor/Outdoor Lighting and Decor

Lighting and decor options are fantastic on their own or layered into the mix:

The 4-ft tall 3D Grinch Tinsel Sculpture features the Grinch holding colorful stockings and shines with 35 LED lights.Light up interior or exterior surfaces and walkways with the colorful Whirl-A-Motion™ Grinch Projection and festive Grinch Pathway Stakes.Perfect for indoor locations, battery-operated blow molds are available in two styles: 14-in Grinch and 12-in Max (in-store only).

Find this Grinch collection in-store and online at The Home Depot.

About Gemmy Industries
Gemmy Industries is a leader in the seasonal décor market, bringing festive fun and holiday cheer to homes everywhere. Dedicated to innovation and creative design, Gemmy has elevated industry standards and established recognizable brands like Airblown® Inflatable and LightShow® Lighting. For more information on products and retailers, visit www.gemmy.com. Connect with us on Instagram and Facebook.

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SOURCE Gemmy Industries

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