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Global Cloud ERP Market Size BY DEPLOYMENT MODEL | VERTICAL |ORGANIZATION SIZE | Forecast to 2025
Verified Market Research
According to Verified Market Intelligence, the global cloud ERP market was valued at USD 20.3 billion in 2016 and is projected to reach USD 44.22 billion by 2025, growing at a CAGR of 9.65% from 2017 to 2025.
ERP stands for Enterprise Resource Planning which stores all the databases with a unique code specific to an organization. With growing advancement, industries and enterprises are now opting for cloud ERP which is based on cloud computing platform and enables the users to access software applications such as processing power and disk storage that are operated using common computing resources. The global cloud ERP market is flourishing in large enterprises and industries as it uses a common source or platform for ERP software.
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Increasing demand for cloud ERP from SMEs and growing adoption of cloud and mobile application are key factors driving the global cloud ERP market. Apart from this, difficulty in finding availability of open source ERP applications might restrain the global cloud ERP market from growing at a faster pace.
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Competitive Landscape:
The major players in the market are as follows:
• Oracle Corporation
• Microsoft Corporation
• IBM
• Sage Software, Inc.
• Intacct Corporation
• Plex Systems, Inc.
• SAP SE
• Infor
• Epicor Software Corporation
• Com
• Ramco Systems
GLOBAL CLOUD ERP MARKET, BY DEPLOYMENT MODEL
• Private Cloud
• Public Cloud
• Hybrid Cloud
GLOBAL CLOUD ERP MARKET, BY VERTICAL
• Healthcare and life sciences
• Manufacturing
• Retail and consumer goods
• Banking, Financial Services, and Insurance
• Telecommunication and ITES
• Government and public sector
• Education
GLOBAL CLOUD ERP MARKET, BY ORGANIZATION SIZE
• Large Companies
• Small and Mid-sized Businesses
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To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team at Verified Market Intelligence.
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Our aim is to save your Time and Resources, providing you with the required Research Data, so you can only concentrate on Progress and Growth. Our Data includes research from various industries, along with all necessary statistics like Market Trends, or Forecasts from reliable sources. Verified Market Research’ has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data.
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