Market Overview:
The global cloud ERP market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cloud-based ERP solutions from SMEs and large enterprises across different regions. Cloud-based ERP solutions offer several benefits such as reduced costs, increased efficiency, and improved decision making. These benefits are driving the adoption of cloud-based ERP solutions among businesses of all sizes. The finance segment is expected to hold the largest share of the global cloud ERP market in 2018 owing to its ability to manage financial operations effectively and improve decision making. The marketing segment is projected to grow at the highest CAGR during the forecast period due to its ability to manage customer relationships effectively and increase sales productivity.
Product Definition:
Cloud ERP is the usage of cloud-based software to manage a company's finances and operations. It can include modules for accounting, human resources, sales, and marketing. Cloud ERP delivers these applications over the internet instead of installing them on local servers. This allows companies to access their data and applications from any computer or mobile device with an internet connection. The advantages of Cloud ERP include lower upfront costs, automatic updates and backups, scalability, and mobility.
Finance:
Finance is the part of ERP that helps in managing money and financial transactions. It provides a complete view of the financial statement such as balance sheets, income statements, cash flow statements, and others. In an organization if all these components are not well managed then it may lead to many other problems such as poor decision making which may affect the organizations growth factor.
Marketing:
Cloud ERP is a complete enterprise resource planning solution that helps businesses manage their inventory, sales, purchases and other functions. It also helps them optimize their operations by streamlining processes and integrating data from different systems into one platform. Cloud ERP marketing includes promotional activities such as advertising or public relations which are done to promote the new product or service in the market so that more people can benefit from it.
Application Insights:
The service providers offer solutions to their customers in various industries such as IT, telecom, BFSI and others. The application sectors analyzed in this study are Small & Medium-sized Enterprises (SMEs) and Large enterprises. SMEs accounted for the largest market share of over 70% in 2017 owing to the increasing penetration of cloud computing services among these companies. The human resource segment is anticipated to witness a lucrative CAGR over the forecast period owing to an increase in demand for efficient HR processes that can be managed effectively from remote locations with minimal effort.
The marketing segment also holds considerable growth potential due to its effectiveness at handling digital marketing activities such as e-mailing, online advertising and social media management efficiently by tracking online activity and delivering customized content accordingly.
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 small and medium enterprises (SMEs) in the region, which require cloud-based ERP solutions to manage their business efficiently. Furthermore, technological advancements such as mobile computing, social media and big data have revolutionized SMEs' businesses in North America. As a result, these SMEs are increasingly adopting cloud-based ERP systems to simplify their operations and enhance productivity.
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to increasing investments by various governments for developing digital infrastructure coupled with growing adoption of advanced technologies among enterprises operating across various industries within APAC countries for improving operational efficiency along with reducing costs associated with paper-based processes & manual data entry methods used earlier.
Growth Factors:
- Increased demand for cloud-based ERP solutions from small and medium businesses (SMBs) due to the growing trend of cloud adoption.
- The need for agility and scalability in order to meet the demands of a digital economy has led many large enterprises to move their ERP systems to the cloud.
- Rapid innovation in Cloud ERP technology, with new features and functionality being released on a regular basis.
- Growing demand for integrated Cloud ERP solutions that can manage multiple business processes simultaneously, such as financials, HR, procurement, etcetera.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud ERP Market Research Report
By Type
Finance, Marketing, Sales, Operations, Human Resource
By Application
SMEs, Large Enterprises
By Companies
Microsoft, Oracle, SAP SE, Infor, Sage Software, Epicor Software Corporation, Intacct Corporation, Financialforce.Com, Plex Systems, Ramco Systems
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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Cloud ERP Market Report Segments:
The global Cloud ERP market is segmented on the basis of:
Types
Finance, Marketing, Sales, Operations, Human Resource
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
SMEs, Large Enterprises
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:
- Microsoft
- Oracle
- SAP SE
- Infor
- Sage Software
- Epicor Software Corporation
- Intacct Corporation
- Financialforce.Com
- Plex Systems
- Ramco Systems
Highlights of The Cloud ERP 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:
- Finance
- Marketing
- Sales
- Operations
- Human Resource
- By Application:
- SMEs
- Large Enterprises
- 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 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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
Frequently Asked Questions?
Cloud ERP is a software platform that helps businesses manage their operations and data in the cloud. It provides a centralized platform for managing all aspects of an organization's business, including customer relationships, sales, marketing, finance, and operations. Cloud ERP can help businesses save time and money by automating tasks such as billing and accounting.
Some of the key players operating in the cloud erp market are Microsoft, Oracle, SAP SE, Infor, Sage Software, Epicor Software Corporation, Intacct Corporation, Financialforce.Com, Plex Systems, Ramco Systems.
The cloud erp market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cloud ERP Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cloud ERP Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cloud ERP Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cloud ERP Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cloud ERP Market Size & Forecast, 2020-2028
4.5.1 Cloud ERP Market Size and Y-o-Y Growth
4.5.2 Cloud ERP Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Finance
5.2.2 Marketing
5.2.3 Sales
5.2.4 Operations
5.2.5 Human Resource
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cloud ERP Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cloud ERP Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Finance
9.6.2 Marketing
9.6.3 Sales
9.6.4 Operations
9.6.5 Human Resource
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Finance
10.6.2 Marketing
10.6.3 Sales
10.6.4 Operations
10.6.5 Human Resource
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Finance
11.6.2 Marketing
11.6.3 Sales
11.6.4 Operations
11.6.5 Human Resource
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Finance
12.6.2 Marketing
12.6.3 Sales
12.6.4 Operations
12.6.5 Human Resource
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Finance
13.6.2 Marketing
13.6.3 Sales
13.6.4 Operations
13.6.5 Human Resource
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cloud ERP Market: Competitive Dashboard
14.2 Global Cloud ERP Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microsoft
14.3.2 Oracle
14.3.3 SAP SE
14.3.4 Infor
14.3.5 Sage Software
14.3.6 Epicor Software Corporation
14.3.7 Intacct Corporation
14.3.8 Financialforce.Com
14.3.9 Plex Systems
14.3.10 Ramco Systems
