Cloud ERP Market

Cloud ERP Market was valued at USD 42.2 billion in 2022 and is forecast to touch USD 135.6 billion in 2030, and the market is expected to grow at a whopping CAGR of 15.7% from 2023-2030.

To have an edge over the competition by knowing the market dynamics and current trends of “Cloud ERP Market”, request for Sample Report here

Major Cloud ERP Market Drivers

Increasing digitization and adoption of IoT, cloud computing environment, mobile devices; the rising advent of big data, and data analytics; and growing demand of cloud based solutions for improving operational efficiency and business processes including sales and marketing, procurement and supply chain, accounting and financial information among enterprises are some of the major factors expected to drive the growth of the cloud ERP market size. In addition, cloud ERP offer several advantages including real time data availability, accessibility from permissible mobile devices, including cell phones, tablets and laptops, protection of business data stored on its servers, reduction in upfront cost to purchase and install hardware and software, flexible implementation, and scalability in terms of data storage capacity, among others is further contributing to the market growth.

Moreover, growing trend of work from home  and BYOD (Bring Your Own Device) services is expected to increase the migration of workloads to cloud environment among organizations for remote accessibility to the on-premise data, improved resource utilization, and reducing IT capital expenses. This is expected to stimulate the demand for cloud based ERP systems. Furthermore, according to BSA, the Software Alliance, and a member of the International Intellectual Property Alliance, the demand for cloud computing is expected to represent 60 percent of growth through 2020. This likely to provide huge growth opportunities to the cloud ERP market share in the coming years.

Restraint in the Cloud ERP Market,                                                                                           

However, high cost of a cloud-based ERP system as compared to the cost of an on-premise ERP system is one of the major factors expected to restraint the growth of the market. Moreover, fewer customization abilities compared to on-premises infrastructure and rising concern for data theft and data loss may further hamper the market growth over the forecast period.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Business Function Type – Segment Analysis

Based on the, the finance and accounting segment is anticipated to account for a significant market share primarily due to the benefits of cloud ERP in analysing financial information from ledgers, sub ledgers, and balance sheet; handling high transaction volumes; and providing automatic billing and invoicing. Moreover, Oracle Financials ERP Cloud, Sage Intacct, SAP ERP, and Xero are some of the cloud based ERP systems used for financing and accounting application in enterprise.

Organization Size – Segment Analysis

Based on the organization type, the small and medium enterprises segment is anticipated to grow at a notable CAGR during the forecast period owing to the rapid adoption of cloud IT infrastructure and rising demand for automation to enhance their business productivity. In addition, rising number of SMEs and according to the World Bank Group, small and medium enterprises represent about 90% of businesses worldwide and estimated to provide 600 million jobs 2030, is projected to support the growth of the market in the coming years.

Industry Vertical – Segment Analysis

Based on the industry vertical, the manufacturing segment is projected to witness significant growth over the forecast period. This can be attributed to the rapid adoption of cloud ERP system owing its advantages including interpreting and managing data operations in real-time, displaying instant production status, reducing infrastructure and logistics costs, and providing market trend analysis. Moreover, Acumatica ERP software, Microsoft Dynamics 365, NetSuite ERP, SAP Business One, Epicor ERP are some of the significant Cloud ERP used in the manufacturing industry.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Based on region, North America is expected to account for a large market share owing to the rapid economic development, presence of enterprises with advanced IT infrastructure, and growing adoption of cloud and mobile technologies in manufacturing, banking, IT, healthcare, and retail sectors in the region. Moreover, large number of cloud ERP providers including Oracle Corporation, International Business Machines Corporation, Microsoft Corporation, and Koch Industries, Inc. in the region is further contributing to the market growth.

Top Market Players

Several cloud ERP market leaders, include, Oracle Corporation, International Business Machines Corporation, Microsoft Corporation, SAP SE, Koch Industries, Inc., Sage Group Plc, Plex Systems, Ramco Systems Limited, Epicor Software Corporation, and Acumatica, Inc. among others. 

Key Developments: 

• • In 2020, Koch Industries, Inc. completed the acquisition of the Infor from Golden Gate Capital. Infor is one of the leading software companies that develop SMB and Enterprise ERP software cloud products for industries including Manufacturing, Healthcare, Retail, and others

Segments covered in the Report:

The global Cloud ERP Market has been segmented on the basis of business function type, organization size, industry vertical, and key region. Based on business function type, the market is segmented into finance and accounting, sales and marketing, inventory management, and others. Based on organization size, the market is segmented into small and medium enterprises, and large enterprises. Based on the industry vertical, the market is segmented into BFSI, telecom, healthcare and life sciences, manufacturing, government and public sector, aerospace and defence, retail, education, and others. 

For detailed scope of the “Cloud ERP Market” report request a Sample Copy of the report

Market Segmentation

Global Cloud ERP Market by Business Function Type

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

Global Cloud ERP Market by Organization Size

• • Small and Medium Enterprises
  • Large Enterprises

Global Cloud ERP Market by Industry Vertical

• • BFSI
  • Telecom
  • Healthcare and Life Sciences
  • Manufacturing
  • Government and Public Sector
  • Aerospace and Defence
  • Retail
  • Education
  • Others

Global Cloud ERP Market by Region

• • North America Cloud ERP Market (Option 1: As a part of the free 25% customization)

    • By Business Function Type
    • By Organization Size
    • By Industry Vertical
    • US Market All-Up
    • Canada Market All-Up

  • Europe Cloud ERP Market (Option 2: As a part of the free 25% customization)

    • By Business Function Type
    • By Organization Size
    • By Industry Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Cloud ERP Market (Option 3: As a part of the free 25% customization)

    • By Business Function Type
    • By Organization Size
    • By Industry Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Cloud ERP Market (Option 4: As a part of the free 25% customization)

    • By Business Function Type
    • By Organization Size
    • By Industry Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Cloud ERP Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Oracle Corporation
  • International Business Machines Corporation
  • Microsoft Corporation
  • SAP SE
  • Koch Industries, Inc.
  • Sage Group plc
  • Plex Systems
  • Ramco Systems Limited
  • Epicor Software Corporation
  • Acumatica, Inc.