The market for open-source ERP software has grown at a moderate rate in recent years, and it is expected to grow at a CAGR of more than 3.25% during the forecast period. The proficiency and simplicity of features in business initiatives, the proliferation of cloud and portable application options, and the need for a famous economic boom in information-driven evolution are the primary drivers of the development of the open-source ERP software market.

Furthermore, the popularity of cloud-based ERP floods during the COVID-19 pandemic is expected to have an impact on the ERP market's development.
Small and medium-sized enterprises (SMEs) that want to upgrade or customize their ERP system without paying a large license or support fee will benefit from open-source ERP. The majority of open-source ERP software systems can also be used as open-source databases and operating systems with no licensing requirements. Another reason open-source ERP is used is that it is complete source content with no vendor lock-ins or dependencies for software implementation.
Traditional ERP technology has been around for a long time, but the diversification of cutting-edge innovations such as IoT, AI, and comprehensive data research has grown and powered business growth. Organizations can identify and manage issues such as unused resources by combining ERP and IoT-based devices. Similarly, IoT innovation in cycle mechanization keeps plant activities on schedule without the need for human intervention.
During the COVID-19 pandemic, cloud-based ERP programming required a surge to assist organizations in dealing with interruptions. Furthermore, ERP programming arrangements effectively function business-wide measures through a variety of highlights, for example, distant access, automated data purchases, application improvement, and the process moves control.
Pandemics also prevent organizations around the world from relocating their actual workplaces to remote locations. This factor resulted in the flood of ERP programming requirements, which subsequently met the development of the ERP market.

Overview of the Open-Source ERP Industry
The open-source ERP market is highly fragmented, with numerous competitors such as Odoo, and others. To gain market share, market participants engage in strategic activities such as partnerships, product development, mergers, and acquisitions. Some of the market's most significant developments include:

Deltek Inc announced Deltek Payments, a new offering for US-based businesses to help ERP customers digitally transform and modernize their payment processes, in September 2021.

Market Research on Open Source ERP
Summit Partners invested USD 215 million in Odoo, a Belgian provider of open-source ERP software. With this financing, Odoo becomes the first unicorn to emerge from Wallonia, the region of Belgium where it is based.
In April 2021, Samsung Electronics launched its N-ERP (Next-Generation - Enterprise Resource Planning) system in Southeast Asia, Southwest Asia, and China. The newly launched ERP system enables real-time connection of systems within and outside the company by utilizing open API.

Industry Reports created Open-Source ERP Industry Report
Statistics for the 2023 Open Source ERP market share, size, and revenue growth rate. The Open Source ERP analysis includes a market forecast for 2028 as well as a historical overview.