Cloud ERP Market by Functions (Human Capital Management, Sales and Marketing, Inventory and Order Management, Finance and Accounting), End-use Industry (Automotive, Retail, Banking & Financial Services, Aerospace & Defense, IT and Telecommunication, Government, Education, and Public Sectors Others), Organization (Small & Medium Enterprises and Large Enterprises), and Region - Global Forecast to 2025 Read More

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Cloud ERP Market by Functions (Human Capital Management, Sales and Marketing, Inventory and Order Management, Finance and Accounting), End-use Industry (Automotive, Retail, Banking and Financial Services, Aerospace and Defense, IT and Telecommunication, Government, Education, and Public Sectors Others), Organization (Small and Medium Enterprises and Large Enterprises), and Region - Global Forecast to 2025

Report ID:MRICT - 104284 Pages: 150 Jun-2019 Formats*: PDF Category: Information and Communications Technology Delivery: 24 to 72 Hours

Owing to technological advancements and adaptation in cloud computing, cloud enterprise resource planning market is increasing at a significant pace. Cloud ERP is an enterprise resource planning (ERP) software that is programmed to provide a distributed computing platform, in place of on-premises inside an enterprise's remote location. It helps an enterprise to manage different services of its business such as procuring, inventory management, and customer relationship management (CRM). Cloud ERP services are being implemented on a large scale in organizations across several end-use industries. The Cloud ERP Market is projected to witness a massive growth during the forecast period due to the higher adaptation of cloud computing, increasing advanced digitalization technique, and financial applications. Reducing surplus task, government’s approach towards the adoption of advanced technologies, and enterprise’s need to establish business process are further driving the growth of this market.

Analysis of Market Segments

The global cloud ERP market is segmented by functions (human capital management, sales and marketing, inventory and order management , finance and accounting), end-use industry (automotive, aerospace & defense, retail, banking & financial services, IT and telecommunication, education, government and public sectors, others), component (solutions, services), organization (SME, large enterprises), and geography.

Based on components, the cloud ERP market is divided into solutions and services. Among these, services are expected to be the fastest growing segment in the market. This segment includes services such as professional services, sales forecasting, managed services, operation and integration services, advisory services, and support and maintenance services. It allows enterprises to tie the breach between legacy systems and modern applications, deploy ERP solution, and instruct the end user regarding the benefits of a cloud ERP solution. It also supports enterprises to retain their ERP solution in running. Various technological advancements and digitalization are producing high growth opportunities which gives a further push to the end-use industries such as banking & financial services, retail, government, and public sectors, automotive, and others.

Based on end-use industry, banking & financial services is projected to grow at the highest rate in the coming years. Cloud ERP offers flexibility, cost savings, and business permanency benefits to the merchants.

Cloud ERP Market

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Cloud ERP Market Key Players

The report contains a competitive landscape based on a wide assessment of the key strategic developments implemented by the leading market contributors in the industry over the forecast period. The key players profiled in the global cloud ERP market are Oracle (US), SAP SE (Germany), Microsoft Corporation (US), Infor (US), Unit4 (Netherlands), Workday (US), Sage Software (UK), QAD Inc (US), Plex Systems (US), Acumatica (US), Deltek (US), Rootstock Software (US), IQMS (US), and Ramco Systems (India).

Future Outlook

The growing trend towards the adoption of advanced technologies, cloud-based services with integrated business management, and on-demand access to computing services will encourage to drive the market. The end users in this market are more focusing on using Cloud ERP as a business strategy for fastening their growth. In the coming years, Cloud ERP will increase the efficiency, eliminating huge infrastructure cost and ensuring faster deployment.