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Industry Landscape
The ERP industry is undergoing significant transformation, moving away from monolithic on-premise systems towards agile, cloud-native, and composable solutions. Demand for real-time insights, integration capabilities, and reduced TCO is driving this shift. Businesses prioritize flexibility and scalability to adapt to rapid market changes and embrace digital transformation initiatives. AI and automation are increasingly integrated into ERP offerings.
Total Assets Under Management (AUM)
ERP Software Market Size in United States
~US$50.6 Billion (2023)
(10.1% CAGR)
- Cloud ERP adoption is a primary driver.
- Demand for industry-specific solutions is increasing.
- Integration with emerging technologies like AI and IoT fuels growth.
Total Addressable Market
US$65.8 Billion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI for ERP
Generative AI can automate complex ERP tasks, create tailored reports, and provide proactive insights by analyzing vast datasets.
Hyperautomation
Combining AI, ML, RPA, and other technologies to automate increasingly complex business processes end-to-end within ERP systems.
Composable Business Architecture
An approach that enables rapid assembly and reassembly of modular business capabilities, directly supporting agile ERP solutions.
Impactful Policy Frameworks
California Consumer Privacy Act (CCPA) 2018 (amended by CPRA 2020)
The CCPA grants California consumers new rights regarding the collection and sale of their personal information, expanded by the CPRA to include sensitive personal information and establish the CPPA.
ERP providers like Ompnt must ensure their platforms facilitate data privacy compliance, including data subject access rights and data deletion, which impacts data management and integration strategies for US businesses.
NIST Cybersecurity Framework 2.0 (2024)
NIST CSF 2.0 provides updated guidance for organizations to manage and reduce cybersecurity risks, emphasizing governance, supply chain risk, and broader applicability.
Ompnt must align its cloud-native ERP security features and internal practices with NIST CSF 2.0 to ensure robust data protection and secure operations, critical for enterprise adoption.
SEC Cybersecurity Disclosure Rules (2023)
The SEC adopted new rules requiring public companies to disclose material cybersecurity incidents within four business days and annually report on their cybersecurity risk management, strategy, and governance.
While not directly regulating Ompnt, these rules increase the demand for transparent, secure, and auditable ERP systems that can support client compliance with incident reporting and risk disclosure requirements.
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