About Cloud ERP
Cloud enterprise resource planning (ERP) is a software as a service (SaaS) which allows users to software applications that run on shared computing resources includes memory, disk storage, and processing power over the internet. It also provides organisations access to their business-critical applications at any time from any location. High penetration of cloud based deployment model across the globe is boosting the cloud ERP market growth in upcoming year.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 8.1% |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cloud 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.
Oracle (United States), SAP (Germany), Microsoft (United States), Infor (United States), Unit4 (Netherlands), Workday (United States), Sage Software (United Kingdom), Epicor (United States), QAD Inc (United States), Plex Systems (United States) and Acumatica (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Deltek (United States), Rootstock Software (United States), IQMS (United States) and Ramco Systems (India).
Segmentation Overview
AMA Research has segmented the market of Global Cloud ERP market by Type (Private Cloud, Public Cloud and Hybrid Cloud), Application (Oil and Gas, Transportation, Manufacturing, Financial Services, Healthcare, Retail and Other) and Region.
On the basis of geography, the market of Cloud 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). If we see Market by Organization Size, the sub-segment i.e. SMEs will boost the Cloud ERP market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component Type, the sub-segment i.e. Solution will boost the Cloud ERP market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Growth in Adoption of Cloud-Based ERP in Manufacturing, Government, and Retail Sector
Market Growth Drivers:
Growing Demand Among Enterprises to Improve Operational Efficiency and Streamline Business Processes and Increasing Adoption of Cloud-Based Solutions
Challenges:
Integration Issue With Legacy and On-Premises Systems
Restraints:
Limited Customization Options for SaaS-Based ERP and High Capex of PaaS-Based ERP
Opportunities:
Advent of Big Data and Analytics and Various Government Initiatives to Increase Digitalization Among Organizations in Developing Economies
Market Leaders and their expansionary development strategies
In October 2018, Blackbaud, a leading cloud software vendor, formed a partnership with Microsoft in developing cloud solutions targeting non-profit organizations.
n April 2019, Oracle enhanced its NetSuite portfolio with the addition of planning and budgeting service. The new service would be integrated with NetSuite, enabling enterprises to analyze performance in real time. and In March 2019, Oracle added AI capabilities to its cloud ERP portfolio. The new capabilities include expense reporting assistant and project management digital assistant.
Key Target Audience
Cloud ERP Service Providers, Cloud Service & Solution Providers, Government & Private Organization, End User 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.