Cloud ERP Market Forecast: Industry Insights and Growth Projections"

Cloud ERP Market Overview

The cloud ERP market was estimated to be worth USD 72.20 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 12.6% to reach USD 165.69 billion by 2030.

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Cloud ERP Market Scope and Methodology:

The report describes the competitive landscape, identifies key competitors and their market positions, and provides an in-depth overview of the Cloud ERP industry. It also covers new product developments and technological trends in the market. Detailed data on revenue, sales volume, and average prices are provided for the entire Cloud ERP market and its sub-segments benefiting companies, new entrants, and industry-related companies in the Cloud ERP market. Cloud ERP Market analysis identifies current market trends that affect growth and potential.

The report includes both qualitative and quantitative research, with a focus on data interpretation, pattern recognition, and deep understanding. Market segments and sectors are studied using a hierarchical approach that examines the strategies of Cloud ERP industry-leading companies. The report also includes information on import/export activities, market dynamics, values, costs, revenue and gross margins.

Cloud ERP Market Regional Insights

In a regional analysis, the Cloud ERP market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Regions are categorized into countries such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia and South Korea.

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Cloud ERP Market Segmentation

by Component

Solution

Services

by Function

Accounting and Finance

Sales and Marketing

Inventory and Order Management

Human Capital Management

The market is divided into four segments: human capital management, sales and marketing, inventory and order management, and accounting and finance. The accounting and finance sector led the market in 2023 and is anticipated to continue to retain the biggest share of the cloud ERP market during the forecast period. This section contains a number of fundamental elements that are necessary for sound financial administration, including the general ledger, accounts payable, accounts receivable, budgeting and forecasting, and cash flow management. Businesses may improve accuracy, expedite financial procedures, and gain real-time insight into their financial health with the help of these solutions. The general ledger, which painstakingly documents every transaction, acts as the main repository for an organization's financial data.

by Vertical

Manufacturing & Services

BFSI

Healthcare

Retail

Government Utilities

Other

Manufacturing & Services, BFSI, Healthcare, Retail, Government Utilities, and Other are the market's divisions. The Cloud ERP market share is anticipated to be highest during the forecast period, with the manufacturing and services category dominating the market in 2023. In the Cloud ERP (Enterprise Resource Planning) industry, the Manufacturing & Services category refers to the particular subset of industries that produce things and offer a range of services. Businesses involved in production, distribution, supply chain management, inventory control, and service delivery are included in this category. This comprises businesses that produce tangible things in a variety of industries, including consumer goods, electronics, automotive, aerospace, industrial equipment, and more.

by Organization Size

SMEs

Large enterprises

Cloud ERP Market Key Players

 North America:

1. Oracle Corporation - Redwood City, California, USA

2. SAP SE - Walldorf, Germany (with a significant presence in North America)

3. Microsoft Corporation - Redmond, Washington, USA

4. Workday, Inc. - Pleasanton, California, USA

5. Infor - New York City, New York, USA

6. Salesforce - San Francisco, California, USA

7. Epicor Software Corporation - Austin, Texas, USA

8. NetSuite (Oracle NetSuite) - San Mateo, California, USA

9. Plex Systems, Inc. - Troy, Michigan, USA

10. Acumatica - Bellevue, Washington, USA

11. Cisco - San Jose, California

Europe:

12. Sage Group plc - Newcastle upon Tyne, United Kingdom

13. Unit4 - Utrecht, Netherlands

14. IFS - Linköping, Sweden

15. Exact Software - Delft, Netherlands

16. Visma - Oslo, Norway

Asia-Pacific:

17. Zoho Corporation - Chennai, India

18. Ramco Systems - Chennai, India

19. Deskera - Singapore

20. IFS (Asia-Pacific Division) - Singapore

21. Yonyou (Yonyou Software Co., Ltd.) - Beijing, China

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Key questions answered in the Cloud ERP Market are:

What is Cloud ERP?

What was the Cloud ERP market size in 2023?

What is the growth rate of the Cloud ERP Market?

Which is the fastest-growing region in the Cloud ERP market?

Which are the factors expected to drive the Cloud ERP market growth?

What is the CAGR at which the Cloud ERP market will grow during the forecast period?

What growth strategies are the players considering to increase their presence in Cloud ERP?

What are the upcoming opportunities and trends for the Cloud ERP Market?

What are the different segments of the Cloud ERP Market?

What are the recent industry trends that can be implemented to generate additional revenue streams for the Cloud ERP Market?

What segments are covered in the Cloud ERP Market?

Who are the key players in the Cloud ERP market?

Who are the leading companies and what are their portfolios in Cloud ERP Market?

 Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)

Past Pricing and price curve by region (2018 to 2022)

Market Size, Share, Size & Forecast by Different Segment | 2024−2030

Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region

Market Segmentation – A detailed analysis by segment with their sub-segments and Region

Competitive Landscape – Profiles of selected key players by region from a strategic perspective

Competitive landscape – Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis

PORTER’s analysis

Value chain and supply chain analysis

Legal Aspects of Business by Region

Lucrative business opportunities with SWOT analysis

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