KnowledgePath Blog Types of ERP Systems: Exploring Enterprise Resource Planning and Different Deployment Options

Enterprise Resource Planning (ERP) systems are no longer just tools for industry giants—they’ve become the backbone of operational efficiency for businesses of all sizes. With the ERP market projected to double to $96 billion by 2032, driven by an annual growth rate of 7%, companies worldwide are scrambling to find solutions that unify processes, cut costs, and drive data-backed decisions. Yet, with a dizzying array of options—cloud-based, on-premise, industry-specific, open-source, and hybrid—how do you determine which ERP system aligns with your company’s unique needs?