Global Cloud ERP Market Research Report
Global Cloud ERP Market
The GMI Research forecasts that the Cloud ERP Market is witnessing an upsurge in demand over the forecast period. This is mainly due to growing demand for cloud-based solutions for improving operational efficiency and business processes, including sales and marketing, accessibility from permissible mobile devices, increasing digitization, and adoption of IoT.
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Introduction of the Cloud ERP Market
Cloud ERP (Enterprise Resource Planning) is a type of software that operates on a cloud computing platform and is implemented by enterprises to manage information across the organization. It helps in effective operation of business applications including financial management, logistics, sales, supply chain management and inventory management.
Key Players of the Global Cloud ERP Market:
- Acumatica, Inc.
- Ramco Systems Limited
- Sage Group Plc
- SAP SE
- International Business Machines Corporation
- Epicor Software Corporation
- Plex Systems
- Koch Industries, Inc.
- Microsoft Corporation
- Oracle Corporation
Cloud ERP Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The crucial drivers augmenting the growth of the cloud ERP market include rapid digitalization and acquisition of IoT, mobile devices, and cloud computing environment, the growing emergence of big data and data analytics, and surging demand for cloud-based solutions to improve the operational efficiency and business processes like marketing and sales, supply chain and procurement, accounting and financial information across enterprises. Also, several advantages offered by cloud ERP which include the availability of real-time data, flexible implementation, protection of business data stored on its servers, accessibility from permissible mobile devices, such as laptops, cell phones, and tablets, reduction in the upfront cost of purchasing and installing hardware and software, and scalability in terms of data storage capacity will further stimulate the cloud ERP market growth.
Also, the surging trend of services like BYOD (bring your own device) and work from home will increase the shift of workload to cloud environment for better resource utilization, decreasing IT capital expenses, and availability of on-premise data, thereby strengthening the cloud ERP market share. In accordance with BSA, the Software Alliance, along with a member of the International Intellectual Property Alliance, the cloud computing demand is predicted to represent 60 percent of growth by 2020. This is likely to pave the way for market growth.
However, the huge cost associated with the cloud-based ERP system compared to an on-premise ERP system will curb the market share. Moreover, fewer customization capabilities than on-premises infrastructure and expanding concerns related to data theft and data loss may constrain market growth.
Cloud ERP Market Segmentation:
Segmentation by Business Function Type:
- Finance and Accounting
- Sales and Marketing
- Inventory Management
- Others
Segmentation by Organization Size:
- Small and Medium Enterprises
- Large Enterprises
Segmentation by Industry Vertical:
- BFSI
- Telecom
- Healthcare and Life Sciences
- Manufacturing
- Government and Public Sector
- Aerospace and Defence
- Retail
- Education
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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