The global cloud ERP market revenue was around US$ 63.18 billion in 2022 and is estimated to reach US$ 213.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 14.5% during the forecast period from 2023 to 2031.
Cloud enterprise resource planning (ERP) is business management software that utilizes cloud-based platforms to provide businesses with more adaptable systems. The software combines planning, product development, manufacturing, sales processes, and marketing. Technology aids companies to run smoothly and without many challenges. It is broadly utilized in various industries, including aerospace and defense, manufacturing, telecommunications and information technology, retail, public administration and public sectors, banking, healthcare, and other insurance and financial services.
Market Driving Factors
Surging the use of ERP systems to perform core business functions drives market growth. Organizations have adopted cloud ERP for the best cloud ERP solutions models to determine which model best aligns with their business developments, strategy, workloads, and security needs. Some benefits of cloud ERP systems for businesses include avoiding supporting all computer platforms, including data server and hardware platforms, reducing services and support because the Cloud ERP already offers it, and substituting paying in advance for application software licensing. This will promote the use of cloud ERP services and solutions for important business operations.
Increasing investments by the government can create opportunities in the market. Governments in various regions are developing several initiatives to support enterprise digital transformation. As a result, businesses establish procedures for conducting business, depend on government guidance when adopting advanced technology, and cease doing unnecessary tasks.
The surge in initiatives for digital transformation is estimated to boost the market. Businesses are increasingly emphasizing digital transformation efforts to improve agility, operational efficiency, and customer experience. Cloud ERP systems play an important role in this transformation. Moreover, cloud ERP is price-efficient. Cloud ERP lowers the need for initial capital investment in software and hardware, lowering the total price of ownership. This makes it an attractive choice for businesses looking to optimize their IT expenditure.
High operating and implementation prices will hamper the market expansion.
Regional Analysis
In 2022, North America dominated the market in terms of the largest share and is estimated to maintain its dominance over the forecast period. The growth is largely attributed to the surge in adoption of hybrid cloud strategies, wherein regional companies integrate both on-premises and cloud infrastructures. In addition, cloud ERP solutions promote seamless interaction with hybrid configurations, enabling organizations to combine the management of on-premises systems with cloud scalability. When combined with cutting-edge analytics, cloud ERP empowers businesses to extract valuable insights from their data, allowing them to create confident and well-informed decisions. Thus, this factor drives the market growth.
The Asia-Pacific is estimated to be the fastest region in the market. This is due to the rapidly advancing region in terms of e-commerce and digital adoption. Additionally, increased internet penetration and a notable rise in the adoption of ERP applications across the region benefit the market. Furthermore, countries like India, Japan, and China are witnessing an increased demand for transformation spurred by the constant Industry 4.0 revolution, which is catalyzing widespread digital transformation efforts.
Segmentation Insights
Deployment Type Insight
The hybrid cloud segment is estimated to dominate the market during the projection period. Businesses are surging adopting the hybrid cloud strategy to address problems that are difficult to overcome with traditional IT systems. This approach serves as a bridge between enterprises and IT, improving agility and efficiency while swiftly delivering IT services at a competitive price. In addition, the hybrid cloud empowers organizations to optimize performance by intelligently allocating workloads according to their specific requirements. This flexibility enables them to respond to new business demands promptly. Companies leveraging a hybrid cloud can easily extend their workloads on the cloud, allowing rapid prototyping, quicker testing, and product releases, unhindered by restrictions of their on-premise infrastructure. Therefore, this factor creates a growth opportunity for the market.
Enterprise Size insight
The large enterprise segment dominates the market in terms of the major share. This is due to the imperative for scalability, automation to improve efficiency, unified data management, and streamlined monitoring processes. Given the substantial amount of data managed by large enterprises from many sources, the adoption of cloud ERP enables organizations to centralize customer data, improve data accuracy, and deliver valuable insights. This is predicted to be a main driver for the segment growth.
Function Insight
The finance segment is estimated to dominate the market. This is due to the integration of machine learning and Artificial Intelligence (AI) has transformed financial forecasting. Cloud ERP systems now employ AI algorithms to scrutinize trends, historical data, and external factors, resulting in more valuable and accurate financial projections. This advancement substantially contributes to the segment.
End-Use Industry Insight
The IT & Telecom segment dominates the market in terms of the significant revenue share. This is due to the advent of 5G technology has ushered in new opportunities for the IT and telecom sectors. Cloud ERP providers have shifted their emphasis towards incorporating features that allow the effective management and optimization of 5G network resources. This strategic move ensures efficient service delivery and improves the customer experience.
The manufacturing segment is expected to dominate the market in terms of the fastest rate during the projection period. Immediate visibility into operations and effective data management are the main drivers of this rise. Cloud service models have the potential to provide manufacturers with significant benefits through the integration of advanced technologies like artificial intelligence (AI), machine learning (ML), big data analytics, and the Internet of Things (IoT).
Prominent Companies
Segmentation Outline
The global cloud ERP market segmentation focuses on Deployment Type, Enterprise Size, Function, End-Use Industry, and Region.
By Deployment Type
By Enterprise Size
By Function
By End-Use Industry
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL CLOUD ERP MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: CLOUD ERP MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL CLOUD ERP MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL CLOUD ERP MARKET, BY DEPLOYMENT TYPE
5.1 OVERVIEW
5.2 PUBLIC CLOUD
5.3 PRIVATE CLOUD
5.4 HYBRID CLOUD
6 GLOBAL CLOUD ERP MARKET, BY ENTERPRISE SIZE
6.1 OVERVIEW
6.2 LARGE ENTERPRISE
6.3 SMALL & MEDIUM ENTERPRISE
7 GLOBAL CLOUD ERP MARKET, BY FUNCTION
7.1 OVERVIEW
7.2 HUMAN RESOURCE
7.3 FINANCE
7.4 SUPPLY CHAIN
7.5 OTHERS
8 GLOBAL CLOUD ERP MARKET, BY END-USE INDUSTRY
8.1 OVERVIEW
8.2 IT & TELECOM
8.3 BFSI
8.4 MANUFACTURING
8.5 RETAIL
8.6 GOVERNMENT
8.7 OTHERS
9 GLOBAL CLOUD ERP MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO
9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3.1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA
10 GLOBAL CLOUD ERP MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES
10.4 COMPETITIVE DASHBOARD
10.5 PRODUCT MAPPING
10.6 TOP PLAYER POSITIONING, 2022
10.7 COMPETITIVE HEATMAP
10.8 TOP WINNING STRATEGIES
11 COMPANY PROFILES
11.1 ACUMATICA INC
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS
11.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.2 DELTEK, INC
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS
11.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.3 EPICOR SOFTWARE CORPORATION
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS
11.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.4 FINANCIALFORCE
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.5 IFS AB
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.6 INFOR
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS
11.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.7 MICROSOFT CORPORATION
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.8. NETSUITE INC
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.9 ORACLE CORPORATION
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.10 PLEX SYSTEMS, INC
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.11 RAMCO SYSTEMS LIMITED
11.11.1 OVERVIEW
11.11.2 FINANCIAL PERFORMANCE
11.11.3 PRODUCT OUTLOOK
11.11.4 KEY DEVELOPMENTS
11.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.12 ROOTSTOCK SOFTWARE
11.12.1 OVERVIEW
11.12.2 FINANCIAL PERFORMANCE
11.12.3 PRODUCT OUTLOOK
11.12.4 KEY DEVELOPMENTS
11.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.13 SAP SE
11.13.1 OVERVIEW
11.13.2 FINANCIAL PERFORMANCE
11.13.3 PRODUCT OUTLOOK
11.13.4 KEY DEVELOPMENTS
11.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.14 SAGE GROUP PLC
11.14.1 OVERVIEW
11.14.2 FINANCIAL PERFORMANCE
11.14.3 PRODUCT OUTLOOK
11.14.4 KEY DEVELOPMENTS
11.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.15 WORKDAY, INC
11.15.1 OVERVIEW
11.15.2 FINANCIAL PERFORMANCE
11.15.3 PRODUCT OUTLOOK
11.15.4 KEY DEVELOPMENTS
11.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
01
お客様のニーズに合わせてレポートをカスタマイズ可能
02
ベテランの市場調査員による専門的な分析
03
安全で簡単に利用できるオンライン決済方法
04
お客様のご要望に応じて、特定の章を購入することができます。
05
すべてのレポートに専門的な日本語翻訳を提供
06
包括的でわかりやすいレポートを迅速にお届けします。
07
購入後も継続的なサポートとアップデートが受けられます。
We Accept
Copyright ©2022 All rights reserved