Cloud ERP Market: Global Industry Analysis, Size, and Forecast, 2018-2027
Category: IT Software & Service | Publishing in: July 2021 | Pages: NA | Price (Single User License): US$ 4250
Cloud ERP Market Introduction
Enterprise resource planning (ERP) system enables end user organizations to plan and manage critical aspects of their business, from production, accounting, to supply chain management efficiently. Also, rising introduction and adoption of cost effective and scalable cloud based ERP solutions is changing the way enterprise operate and perform crucial business tasks. Cloud ERP solutions are designed to scale with existing IT infrastructure and to streamline critical business processes, thereby allowing enterprises to focus on their core activities.
Major ERP vendors are spending substantial amount and time on integrating smart technologies with ERP systems in order to disrupt the industry. Artificial intelligence and machine learning technologies are being integrated with ERP modules to make it intelligent. These technologies increase ERP system capability to automate intensely complex tasks that normally require human intelligence or intervention. Also, growing emphasis of both vendors and end users related to enhancing security layers on cloud has become another emerging trend in the cloud ERP market.
- Low upfront and operational cost
- Growing enterprise concern to focus on core business activities
- Enhanced mobility, accessibility, and usability
- Improved disaster recovery and system availability
- Security risks associated with confidential data
- Lack of control over cloud-based ERP modules and data
The cloud ERP market has been segmented on the basis of solution, organization size, deployment model, end user vertical, and region.
- Supply Chain
- Human Resource
- Inventory Management
- Other ERP Solutions
- Large Enterprise
- Small and Medium Enterprise
By Deployment Model
By End User Vertical
- Energy & Utility
- Aerospace & Defense
- Government & Education
- Transportation & Logistics
- IT & Telecom
- Other End users
Major regions and countries analysed in the global cloud ERP market are listed below:
- North America (US, Canada, Mexico)
- Western Europe (Germany, UK, France, Italy, Spain, Rest of Western Europe)
- Eastern Europe (Russia, Poland, Rest of Eastern Europe)
- Asia Pacific (Japan, China, India, ASEAN, Australia, Rest of Asia-Pacific)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Among these regions, North America is one of the largest regional markets in terms of revenue contribution to the overall cloud ERP market, followed by Europe. However, Asia Pacific is expected to emerge as one of lucrative market for major vendors owing to growing spending by SMBs on cloud ERP modules. End user organizations operating in emerging Asian countries such as India and China are increasingly spending on cloud computing technology, thus, fueling growth of the cloud ERP market in the region.
Cloud ERP Market Competitive Landscape
The cloud ERP market ecosystem consists of major participants such as cloud-based solutions and services providers, system integrators, networking service providers, and third party vendors. Prominent cloud based ERP solution providers operating in the global cloud ERP market are SAP SE, Microsoft Corporation, Oracle Corporation, Infor, NetSuite Inc., QAD Inc., Acumatica, Sage Group plc, Workday Inc., and Ramco Systems. These players are concentrating on offering customized solutions specific to client requirements and providing cost-effective service level agreements for customers.
This research report on cloud ERP market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.