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

Managed Print Services Market Size, Share, & Growth Analysis - 2020-2027

Image
  Managed Print Services Market The Managed Print Services Market is estimated to reach USD 70 billion by 2027, growing at a CAGR of 8.2% over the forecast period (2020-2027). The factors driving the growth of Managed Print Services Market includes digital transformation across the industry verticals such as Banking, Financial Services, and Insurance (BFSI), Healthcare and Telecommunication, emerging need to reduce paper wastage and growing trend of Bring Your-Own Device (BYOD). According to the report published by Environmental Paper Network, the consumption of paper worldwide has drastically increased by 400% over the last four decades, on an average a citizen in the United States uses more than 700 pounds of paper every year, which will boost the Managed Print Services Market Growth in the approaching years. Moreover, the growing adoption of Cloud Computing and Big Data Analytics by the major organizations, increasing investments by the leading players on research and development
Read more

Crypto Asset Management Market size, share & Trends Forecast 2028

Image
  The Crypto Asset Management Market was estimated around USD 315 million in 2020 and is predicted to grow at a CAGR of 21.1%, over the forecast period (2021-2028). The factors driving growth of the market includes rise in the number of institutional investors and wealth managers investing first time in crypto currency, surge in the volumes of online transactions around the world, emerging need to secure cryptocurrency assets, Government initiatives promoting digitalization and improvements in the living standards. Cryptocurrency asset management platforms allow investors to manage different wallets in one spot, simplifies the management of the developing crypto asset for seasoned traders, and helps users to increase their portfolio, are some of the features pushing the Crypto Asset Management Market size . Moreover, increasing adoption of cryptocurrency across industry verticals such as Healthcare, Retail and Commerce, BSFI, advancements in Internet of Things (IoT) and Artificial Inte
Read more

Liquefied petroleum gas Market Size, Share, Growth 2027

Image
  Liquefied Petroleum Gas Market The Liquefied Petroleum Gas Market is expected to grow at a faster CAGR over the forecast period (2020-2027). The factors driving the growth of Liquefied Petroleum Gas Market includes increasing use of liquefied petroleum gas as a substitute to fossil fuels, growing demand for natural gas and oil around the world and rising awareness amongst consumers about the benefits of liquefied petroleum gas. According to the report published by Statista, the Global Oil and Gas Storage Market was estimated around USD 929 million in 2019 and is expected to reach more than USD 1 billion by the end of 2026, which will boost the Global Liquefied Petroleum Gas Market in the approaching years. Moreover, growing emphasis on using cleaner sources of energy, increasing application of liquefied petroleum gas in households and restaurants for cooking and heating food and strict regulations imposed by Government reduce the carbon emission levels, are some of the additional fa
Read more