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.

Request For a FREE Sample Report on Cloud ERP Market

 

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.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

 


Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to...
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m...
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B...
Read more