About Cloud-based Enterprise Resource Planning (ERP)
Enterprise resource planning is a business application, which is useful for enterprises to integrate their business functionalities to achieve high efficiency and productivity. cloud-based deployment platform has given a significant boost to the enterprise application software during the last few years. Furthermore, it focuses on the adoption of cloud-based ERP in various industry verticals such as manufacturing, healthcare, retail, government, BFSI, telecom, and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
With advancements in technology like big data, predictive analytics, players in the market are focusing on offering advanced ERP solutions to compete effectively in the market. With the rise in data generated from ERP systems, big data analytics and predictive analytics are being used to simplify data extraction and data analytics, which helps in forecasting and scheduling. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cloud-based Enterprise Resource Planning (ERP) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), Infor (United States), Aptean (United States), Microsoft (United States), Sage Group Plc (United Kingdom), Epicor Software Corporation, Syspro (South Africa) and Unit4 (Netherlands) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cloud-based Enterprise Resource Planning (ERP) market by and Region.
On the basis of geography, the market of Cloud-based Enterprise Resource Planning (ERP) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
If we see Market by , the sub-segment i.e. will boost the Cloud-based Enterprise Resource Planning (ERP) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
The rapid growth in demand for cloud ERP in industries such as healthcare, retail, education, and telecom and Rising on-demand access to computing services
Market Growth Drivers:
High demand due to Low cost, greater reliability, adoption of cloud-based services with integrated business management and Increased penetration of new technology solutions within organizations
Restraints:
Technological Complexities regarding Cloud-based Enterprise Resource Planning (ERP)
Opportunities:
Advancements in technology such as internet of things (IoT), big data analytics, smart wearables, artificial intelligence (AI) and The adoption of IoT increases, the data generated by IoT devices would also increase exponentially.
Market Leaders and their expansionary development strategies
In February 2024, Codestone, a Poole, UK-based enterprise resource planning (ERP) and cloud database technologies company, acquired Cloud Business Limited, a Basingstoke, UK-based business consulting, digital transformation, and IT managed services.With the acquisition, Codestone aims to further enhance its offering of IT consulting and services in Microsoft Azure, Microsoft 365, and Cybersecurity, while bolstering its 24x7x365 UK-based managed services team.
In November 2023, SAP launched of the SAP Hong Kong Cloud ERP Experience Center to support midsize companies to modernize operations through cloud-based enterprise resource planning (ERP) technologies with embedded business artificial intelligence (AI).The Center will also introduce midsize companies to GROW with SAP, a complete offering specifically designed to empower them to adopt ready-to-run SAP S/4HANA Cloud to operate critical functions on one single platform with embedded business AI and automation capabilities.
Key Target Audience
Cloud-based Enterprise Resource Planning (ERP) Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.