Press release
Cloud-based Enterprise Resource Planning Market Expected to Reach 40500 Mn US$ by 2025
Enterprise resource planning is a business application, which is useful for enterprises to integrate their business functionalities to achieve high efficiency and productivity. Cloud-based deployment platform has given a significant boost to the enterprise application software during the last few years. Furthermore, it focuses on adoption of cloud-based ERP in various industry verticals such as manufacturing, healthcare, retail, government, BFSI, telecom, and others.
The major factors that drive the growth of the market are increase in number of SMEs, need for obtaining higher operative efficiency and realization of competitive advantages achieved through implementation of cloud enterprise resource planning, rapid change in business models, and development in the cloud trend.
In 2017, the global Cloud-based Enterprise Resource Planning (ERP) market size was 14700 million US$ and it is expected to reach 40500 million US$ by the end of 2025, with a CAGR of 13.6% during 2018-2025.
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The key players covered in this study
IBM Corporation
Oracle Corporation
SAP SE
Infor
Aptean
Microsoft
Sage Group Plc
Epicor Software Corporation
Syspro
Unit4
Market segment by Type, the product can be split into
Finance
HR
Supply Chain
Others
Market segment by Application, split into
Manufacturing & Services
BFSI
Healthcare
Retail
Government
Aerospace & Defense
IT & Telecom
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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