Cloud-based ERP Market Worth $32,184 Million by 2023 | Global Opportunity Analysis and Industry Forecast
Request Sample: https://www.alliedmarketresearch.com/request-sample/4577
North America market generated the highest share of revenue in the global cloud-based ERP market in 2016 owing to technological advancements and a rise in applications of cloud-based ERP in manufacturing, government, and retail fields. The Asia-Pacific cloud-based ERP market is expected to grow at the highest rate, followed by LAMEA during the forecast period. Need for transparent and modernized manufacturing processes in diverse industries is expected to drive the growth of cloud-based ERP software in Asia-Pacific.
The software segment contributed the highest share in 2016. This segment accounted for $8,211 million in 2016 and is projected to grow at the CAGR of 12.8% during the forecast period. The cloud-based ERP market for managed services is projected to grow at the highest rate of 14.8%.
Other functions segment generated maximum share of revenue in 2016 and is expected to dominate the market throughput the forecast period at the CAGR of 16.8%. Cloud-based ERP market for finance is expected to witness highest CAGR of 17.7% during the forecast period, followed by retail.
Access Full Summary at : https://www.alliedmarketresearch.com/cloud-based-enterprise-resource-planning-erp-market
The cloud-based ERP market is in its growth phase and is expected to grow at a CAGR of 13.6% during the forecast period. Rapid adoption of cloud-deployments in SMEs across various countries, increase in need for operational efficiency and transparency among various industry verticals, and growth in focus of organizations toward advanced technological solutions to help them in key decision-making drive the growth of the global cloud-based ERP market.
Key Findings of the Cloud-based ERP Market:
• The software segment accounted for the highest share of the global cloud-based ERP industry by component in 2016, growing at a CAGR of 12.8% from 2017 to 2023.
• The professional services segment by services generated the highest revenue share in 2016 and is projected to grow at a rate of 16.8%.
• The North America cloud-based ERP market generated the highest share, valued at $5,375 million, in terms of revenue in 2016.
• The cloud-based ERP market in finance is expected to witness growth during the forecast period.
The key players profiled in the report are as follows:
• IBM Corporation
• Oracle Corporation
• SAP SE
• Sage Group Plc
• Epicor Software Corporation
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cloud-based ERP Market Worth $32,184 Million by 2023 | Global Opportunity Analysis and Industry Forecast here
News-ID: 1175756 • Views: 184
More Releases from Allied Analytics LLP
Global Mining Automation Market Growth Analysis By Size, Share, Demand, Opportun …
According to a new report by Allied Market Research, titled, "Global Mining Automation Market by Technique and Type: Global Opportunities Analysis and Industry Forecast, 2017-2023," the mining automation market was valued at $2,193 million in 2016, and is projected to reach at $3.81 billion by 2023, growing at a CAGR of 7.9% from 2017 to 2023. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/4591 Mining automation involves use of process
Server Microprocessor Market Expected to Reach $16 Billion with 2.1% CAGR by 202 …
According to a new report published by Allied Market Research, titled, Server Microprocessor Market by Design and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global server microprocessor market was valued at $14 billion in 2016, and is projected to reach at $16 billion by 2023, growing at a CAGR of 2.1% from 2017 to 2023. The x86 segment contributed nearly 79% share to the global market in
Packaging Robots Market Expected to Reach $4.65 billion Globally by 2023 - Allie …
“Packaging Robots Market by Global Opportunity Analysis and Industry Forecast, 2017 - 2023", projects that the global Packaging Robots Market would reach USD 4.65 billion, registering a CAGR of 9.6% during the forecast period. Vacuum gripper type dominated the global packaging robots market and is expected to maintain the trend till 2023. However, Asia-Pacific is expected to dominate the market throughout the forecast period due to increase in demand for
Global Lathe Machines Market Expected to Reach $12,012 Million by 2022 : Allied …
The global lathe machines market is segmented based on type, mode of operation, end-user industry, and geography. By type, the lathe machine is classified into horizontal lathes and vertical lathes. The horizontal lathes segment was the most dominant type in 2015 and is estimated to grow at the highest rate during the forecast period. Horizontal lathes are machine tools used for glass working, metal working & spinning, and wood turning.
More Releases for ERP
VAT Enabled ERP Software - AxolonERP
VAT Complaint ERP in UAE The end of the fiscal year of 2016-17 brought a novel taxation scheme in the UAE and Saudi Arabia – VAT. The VAT or Value Added Tax changed the way enterprises of all types and scales worked as far as accounting and finance management is concerned. The invoicing; inventory management; investment and asset planning and billings of all kinds experienced changes and the need of the
ERP System: Order Tracking
Pathak Technosys can provide you with ERP System too. WE have created one of the Order tracking system for our Client. An order tracking system is important because it's a key component of the overall customer experience, which is gaining more and more importance in the B2B space. Wysetek is an Application prepared for tracking your orders. It is basically an ERP system for maintaining the orders received and order delivered in
Itech Solutions: - Best erp systems
Itech Solutions ERP Lite is the best Software provider settled in Bangalore since 2009. Our Software additionally provides a specialized software popularly called ERP Software for Real-estate, Retail, Health care, Manufacturing and Education. In Simple words associate ERP is the incorporated programming arrangement as well as all the practical bureaus of the enterprise. Erp Lite software contains of coordinated elements of Accounts and Finance administration, Sales, marketing and CRM Management,
Visibility Launches the ERP Connection
The ERP Connection blog provides unique insight into Enterprise Resource Planning and more. ANDOVER, MA – August 9, 2011 – Visibility Corporation has launched the ERP Connection blog, to share a unique perspective on ERP systems, implementations, and other humorously related topics. Authored by the staff at Visibility, the ERP blog will have a primary focus on the manufacturing industry, while mixing in personal tales of adventure. The ERP
abas ERP sales boom
Production-, manufacturing-, distribution companies, and automotive suppliers, selected abas ERP to move towards an economic recovery Karlsruhe, Germany, January 04th 2011 – The IFO Business Climate Index confirms that business development in many industries is again rapidly increasing. In comparison to 2009, ABAS has again seen a significant rise in sales. Especially mid-market custom manufacturers and automotive suppliers seeking technological and organizational changes while moving towards an economic recovery and increasing
Abecor Sistemes selected abas ERP
Barcelona, Spain / Karlsruhe, Germany – Abecor Sistemes S.L. focuses on industrial engineering and the automation of industrial processes. Located in Barcelona, local software partner ABAS Business Solutions Ibérica S.L. will ensure a smooth and successful implementation. Abecor’s (abecor.com) business portfolio includes PLC programming and process management for various industries such as, paper, chemistry, and cellulose. Abecor’s experience and professionalism allows them to offer concrete solutions and adapt them to