Evolving Odoo ERP Market: This is what Researchers say!
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Evolving Odoo ERP Market: This is what Researchers say!

Evolving Odoo ERP Market: This is what Researchers say!

Regardless of how many employees you have, an ERP solution is highly essential for companies to get significant ROI and sustain in the market. Today, you may often hear one name from company owners’ mouths when talking about ERPs, and it ‘s–Odoo. In the Enterprise software market, Odoo may be a new technology. However, it has a large customer base and one of SMEs favorites.

Odoo is an example of such an enterprise software that has become an inclusive suite of ERP apps, which was started as an ERP solution to take on the SAP/NetSuite/Dynamics but in open-source environments. Odoo integrates billing, accounting, procurement, inventory management, e-commerce, manufacturing, and more. The platform has seen significant developments in the Asian and European markets over the past few years. Odoo is now one of the most popular open-source ERP alternatives on the market. It possesses over 14,000 apps/plugins for third parties in their app store, apart from its fundamental modules. Each one is tailor-made for various user needs.

The Odoo market has now reached significant levels of developments within a short span of time. Let’s dive into the researchers’ findings. As of 2017 market research, the total ERP market size is $35 billion globally. Besides, the Indian ERP market has around $2.4 billion of the total share. Here, Open source ERP possesses 1-2% of the total. Moreover, Odoo share is 50% of open source ERP that is $ 175 million or 1225 crores in Indian money. According to this result, India possess 87.5 crores of the global Odoo share.

The ERP software expert states that Odoo ERP provider companies will continue in the future with higher Growth rate. In addition, e-commerce services and CRM services will be the most evolving platform with Odoo in the future.

Conclusion

Although Odoo or Open ERPs have a lot to express on the table, the use of ERP in India was very reluctant in the beginning. But now, it’s undoubtedly intriguing how Indian organizations used ERPs and how they are getting at a successful pace of development in this rapidly changing and competitive market. This gives the best Odoo providers like Indglobal Digital Private Ltd. better confidence and strength to go forward with cutting-edge Odoo services in India. Indglobal is a leading ERP software company in India who provides the most preferred and reliable Odoo Solutions for SMEs and Large Enterprises.

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