Enterprise resource planning is a collective set of computer programs with shared business applications that cater to the needs of an entire organization rather than an individual user. It provides services such as automated billing system, human resource management, customer relationship management, finance, supply chain, and others. Over the past few years, the cloud-based deployment model for enterprise resource planning software has gained a significant momentum owing to cost-effective advantages of cloud platform and easy deployment. In addition, the role of cloud enterprise resource planning has changed from a back-office management to business process enhancement, which urged companies to modify their internal processes. This changing dynamic has significantly increased the demand for cloud enterprise resource planning solution among large- and small- & medium-sized organizations worldwide.
Low cost and limited expenditure on hardware or software drive the market growth. In addition, the need for process automation, growth toward price-sensitive cloud deployments, and rise in need of regulatory compliances for data sovereignty also boost the market. Further, rapid changes in business models and developments in cloud trend are expected to offer considerable growth opportunities for the cloud enterprise resource planning market.
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The cloud-based ERP market is segmented based on component, function, end user, industry vertical, and region. By component, the market is categorized into software and services. Services segment is further studied across professional and managed services. As per function the market is segmented into finance, HR, supply chain, and others. Based in end user the market is segmented into large, mid-size, and small organization. Based on industry vertical, it is classified into manufacturing & services, BFSI, healthcare, retail, government, aerospace & defense, IT & telecom, and others. Based on region, the cloud-based ERP market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.
In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.
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It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.
KEY BENEFITS FOR STAKEHOLDERS
In-depth analysis of the global cloud-based ERP market along with its dynamics is provided to understand the market scenario.
Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.
Porter’s Five Forces analysis examines the competitive structure of the cloud-based ERP market and provides a clear understanding of the factors that influence the market expansion.
A detailed analysis of the geographical segments enables identification of profitable segments for market players.
Comprehensive analysis of the trends, subsegments, and key revenue pockets are provided in the report.
Detailed analysis of the key players operating in the global cloud-based ERP market and their business strategies are anticipated to assist stakeholders to take informed business decisions.
The key players profiled in the report are as follows:
IBM Corporation
Oracle Corporation
SAP SE
Infor
Aptean
Microsoft
Sage Group Plc
Epicor Software Corporation
Syspro
Unit4
KEY MARKET SEGMENTS
By Component
Software
Services
By Function
Finance
HR
Supply Chain
Others
By End User
Large Organization
Mid-size Organization
Small Organization
By Industry Vertical
Manufacturing & Services
BFSI
Healthcare
Retail
Government
Aerospace & Defense
IT & Telecom
Others
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By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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