Top 3 ERP Software Industry Predictions for the Next 5 Years

ERP or Enterprise Resource Planning is chiefly about managing resources in the most effective ways. Businesses of varying sizes benefit from ERP software chiefly through enriched and simplified business interaction with employees, suppliers, and clients. With technological advancements continuing at high speed, it has become crucial for businesses to embrace novel technologies.

Predicting the future of any industry is difficult — but when it comes to something as diverse as the ERP software industry, things acquire more complexity. Here are three key predictions for the future of the ERP industry over the next five years.

1. User-Friendly ERP Systems

Today's generation is used to simple, intuitive programs and it is not possible to make them work with old-fashioned and primitive systems. Real estate ERP systems that are user-friendly and come with clear and concise dashboards are bound to attract attention. Easy implementation would also take up a significant position — everyone loves systems that can be set up with little hassle.

2. Cloud Would Be the Chosen One for ERP Systems

A study pointed out that by 2018, as much as 30% of service-providing organisations would have a significant part of their ERP systems moved to cloud ERP. Cloud computing is advancing rapidly, and within a short time, we can expect to see all real estate, manufacturing, and construction ERP systems move to the cloud. Though on-site ERP systems are quite unlikely to go extinct, more hybrid and cloud ERP software solutions are making their presence felt now.

3. More SMBs Would Begin Using ERP Systems

In recent years, the bigger organisations had a significant advantage over small and medium-sized businesses. However, with ERP software and mobile technologies becoming significantly more cost-effective and easy to deploy, small to medium-sized business houses are no longer far behind. Cloud ERP is expected to level the playing field between SMBs and larger Fortune 500 organisations. With costs dropping substantially, ERP software is becoming significantly more accessible to businesses of all sizes.

What trends do you believe would rule the ERP software industry in the coming years?