Cloud ERP Market Research Report

Cloud ERP Market

Cloud ERP Market is predicted to witness a CAGR of 17.8% over the forecast period 2020-2027 touching a value of 140 billion by 2027. Factors such as growing need to upgrade operational efficiency, increasing adoption of cloud-based solutions, and the impact of coronavirus pandemic have driven the Cloud ERP market size.

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Cloud ERP services enables businesses to conduct tasks such as accounting, marketing, and managing client data, in a simpler way with better clarity increasing business efficiency. Increasing digitalization, accelerating penetration of the mobile devices, Internet of Things, cloud computing, and the advent of big data and data analytics are some crucial forces driving the global Cloud ERP market growth. Also, the increasing trend of remote working and bring your own device has helped businesses shift workload to cloud environment which ensures better use of resources, distant availability to the on-premises data, and reduced IT expenditure. However, Cloud-based ERP system is expensive than on-premise ERP system, which might hamper the market growth over the forecast period.

Leading players in the global Cloud ERP Market include Oracle Corporation, Microsoft Corporation, SAP SE, Koch Industries, Inc., Sage Group Plc, Plex Systems, Epicor Software Corporation, Ramco Systems Limited, International Business Machines Corporation, and Acumatica, Inc.

By component, the finance and accounting segment is predicted to witness a faster CAGR over the forecast period, as cloud ERP interprets financial information from sub-ledgers, ledgers, and balance sheets; and handles huge transaction volumes.

By industry vertical, the manufacturing segment is anticipated to hold a larger share over the forecast period. Cloud ERP system helps manage data operations in real-time, reduce infrastructure and logistics costs, and helps analyse market trend.

By region, North America is projected to hold a larger share in the coming years, owing to the ongoing technological advancements, and increasing adoption of cloud in retail, manufacturing, and banking sector.

Cloud ERP Market Segmentation:

Cloud ERP Market by Business Function Type

  • Finance and Accounting
  • Sales and Marketing
  • Inventory Management
  • Others

Cloud ERP Market by Organization Size

  • Small and Medium Enterprises
  • Large Enterprises

Cloud ERP Market by Industry Vertical

  • BFSI
  • Telecom
  • Healthcare and Life Sciences
  • Manufacturing
  • Government and Public Sector
  • Aerospace and Defence
  • Retail
  • Education
  • Others
Cloud ERP Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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