Global Cloud ERP for Product-Centric Companies Market by Type (SaaS, Cloud-Based Solutions, Others), By Application (SME (Small and Medium Enterprises), Large Enterprise) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global cloud ERP for product-centric companies market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based solutions and growing need for real-time information among product-centric companies. In addition, the rising trend of digital transformation is also fueling the growth of this market. The global cloud ERP for product-centric companies market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into SaaS, cloud-based solutions, and others. The SaaS segment is expected to hold a major share in this market owing to its advantages such as low cost and easy implementation. Based on application, it can be classified into SME (small and medium enterprises) and large enterprise segments.



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Product Definition:

A Cloud ERP is software that allows companies to manage their finances, operations, and customer relationships from a secure web-based platform. It is important for product-centric companies because it allows them to manage their inventory and keep track of customer orders in real time. This helps them to make better decisions about production and inventory management, as well as improve customer service.

SaaS:

Software as a Service (SaaS) is a model that delivers computing services over the internet. It's an approach of delivering software applications through a service-oriented architecture, which includes four major components: cloud, application server, database server and middleware. The SaaS business model has been evolving for more than two decades from web-based email and document storage to today’s advanced offerings including customer relationship management systems, enterprise resource planning systems and financial accounting software.

Cloud-Based Solutions:

Cloud-based solutions are software services that are delivered and managed remotely over the internet. The service is provided using either a subscription or pay-per-use model. Cloud computing offers shared resources, common platforms, and an economy of scale to its users which has resulted in high adoption by various industries such as BFSI, healthcare & life sciences among others.

Application Insights:

The software as a service (SaaS) segment dominated the global cloud ERP for product-centric companies market in 2017. This is attributed to factors such as increasing demand from SMEs and MNCs, growing adoption of SaaS solutions by large enterprises, and rapid growth of the internet infrastructure in developing countries. For instance, according to Microsoft Corporation's 2016 Annual Report, over 60% of Small & Medium-sized Businesses (SMBs) across the globe use Microsoft Office 365.

Cloud-based solutions are expected to emerge as a prominent segment over the forecast period owing to several benefits offered by these solutions such as easy access from any device with an internet connection and reduced costs associated with implementation and maintenance compared to on premises installations. Furthermore, reduction in time required for system updates will encourage more organizations toward adopting cloud based ERP systems at an early stage while waiting for their respective migration deadline set by Oracle Corporation or SAP SE.

Regional Analysis:

The North American region dominated the global market in 2017. The growth can be attributed to the presence of a large number of product-centric companies in this region. Furthermore, increasing investments by prominent players for developing cloud-based solutions is expected to drive demand over the forecast period.

Asia Pacific is anticipated to witness significant growth over the next eight years owing to an increase in spending on cloud computing and related infrastructure by companies operating across various industry verticals including manufacturing, retail, healthcare & life sciences and others. This will lead to increased adoption of ERP systems across all sizes and types of organizations thereby driving demand for solutions globally.

Growth Factors:

Increased demand for cloud-based ERP solutions from product-centric companies due to the benefits of cloud computing, such as scalability, flexibility and cost-effectiveness.
The growing trend of BYOD (Bring Your Own Device) and increasing adoption of mobile devices by employees in product-centric companies is driving the demand for cloud ERP solutions that are accessible from anywhere at any time.
Rapid advancements in technology are resulting in new features and functionality being added to cloud ERP solutions, which is attracting more customers to these platforms.
Cloud ERP providers are offering a wider range of services beyond just software provisioning, such as implementation support, training and consulting services, which is helping them win over more customers.
The increasing number of SaaS (Software as a Service) providers is making it easier for product-centric companies to find a suitable cloud ERP solution that meets their specific needs


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Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud ERP for Product-Centric Companies Market Research Report
By Type
SaaS, Cloud-Based Solutions, Others
By Application
SME (Small and Medium Enterprises), Large Enterprise
By Companies
Infor, QAD, OptiProERP, Oracle, Introv Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.

Global Cloud ERP for Product-Centric Companies Market Report Segments:
The global Cloud ERP for Product-Centric Companies market is segmented on the basis of:
Types
SaaS, Cloud-Based Solutions, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SME (Small and Medium Enterprises), Large Enterprise
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Infor
QAD
OptiProERP
Oracle
Introv Limited



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Highlights of The Cloud ERP for Product-Centric Companies Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
SaaS
Cloud-Based Solutions
Others
By Application:
SME (Small and Medium Enterprises)
Large Enterprise
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Cloud ERP for Product-Centric Companies Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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Correctly Positioning New Products
Market Entry Strategies
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Understanding Competition Scenario
Product & Brand Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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