‘Cloud ERP Market’ Latest Research Report provides an up-to-date analysis of the growth opportunities and trends in the market’s development up to 2032. With a focus on the Cloud ERP market, this report offers a thorough examination of the factors driving market growth as well as the restraints influencing its progress. By employing both qualitative and quantitative methodologies, this report presents a comprehensive analysis of the market landscape. It equips companies with valuable insights and data to make informed decisions about their business strategies and identify potential areas for growth. “Ask for Free Sample Report”
Market Overview
The comprehensive analyses of the most recent trends, growth prospects, and market growth drivers are offered to readers of the global market research reports. The COVID-19 effects on the Cloud ERP Market are also discussed in detail in the research, along with the market’s predicted compound annual growth rate (CAGR) from 2023 to 2032.
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Global Cloud ERP Market is valued at approximately USD 56.26 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 15.0% over the forecast period 2022-2029.
Cloud Enterprise Resource Planning (ERP) is a cloud-based software application that studies unstructured and structured databases to visualize and offer insights. The rising proliferation of cloud ERP solutions across verticals, increasing deployment of ERP systems to perform core business operations, and surging need for disaster recovery and backup services are prominent factors that are boosting the market demand across the globe.
The growing demand for cloud-based applications to process logic that is accessed via a web browser with a continual internet connection. According to Statista, the global market for cloud applications was valued at USD 133.6 billion in 2020, which is expected to grow to USD 168.6 billion by 2025. Therefore, the rising spending on the cloud is directly associated with the demand for cloud-based applications, thus, in turn, accelerating market expansion worldwide. Moreover, the emergence of big data and analytics in cloud ERP solutions, as well as the growing focus of government bodies on digitalization are leveraging various opportunities for market growth in the foreseen years. However, integration issues with legacy and on-premises ERP systems and security concerns associated with the adoption of cloud ERP solutions are hindering market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Cloud ERP Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the space in terms of revenue, owing to the early adoption of novel technologies, along with rapid incorporation of cloud ERP solutions with ERP improves the features or capabilities of solutions. Whereas, the Asia Pacific is expected to grow significantly during the forecast period. Factors such as increasing technological development such as IoT and predictive maintenance, growth of end-use verticals, as well as low cost of deployment and maintenance of cloud-based software are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
Microsoft Corporation
Oracle Corporation
SAP SE
IFS
Infor
Sage software
Plex systems
Ramco systems
Epicor Systems
Tally solutions
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Recent Developments in the Market:
- In August 2022, SAP SE announced the introduction of SAP S/4HANA Cloud that helps in automate SAP’s customer’s business processes wherever possible in which Robotic Process Automation is a primary base of this transformation. SAP S/4 HANA Cloud 2208 currently has 15 cloud studio bot templates that are available like creating Product Master data or automatic creation of Sales Order from unstructured data, which eventually leverages ML.
- In May 2020, Epicor’s ERP augmentation allows manufacturers to improve their business resilience. The new Epicor ERP release enables the workforce with new productivity levels via work simplification, automation of critical business processes, and increased access and visibility to ERP data.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Component:
Solution
Service
By Function:
Human Capital Management (HCM)
Sales and Marketing
Finance and Accounting
Order Management
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By Application:
Banking, Financial Services, and insurance
IT and ITeS
Government and Public Sector
Manufacturing
Retail and Consumer Goods
Healthcare and Life Sciences
Energy and Utilities
Other Verticals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report covers several key questions related to the global Cloud ERP market, including:
- What can be expected for the Cloud ERP market in the next decade?
- What are the primary drivers of growth in the global Cloud ERP market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Cloud ERP market vary based on the size of the end market?
- What is the breakdown of Cloud ERP by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Cloud ERP market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Cloud ERP Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Cloud ERP Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Cloud ERP Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Cloud ERP Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Cloud ERP Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Cloud ERP Market.
Our Cloud ERP Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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