Cloud ERP Market Release involving Oracle Corporation, Microsoft Corporation, and other Global Key Players by WMR
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.
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Cloud ERP is an approach to enterprise resource planning (ERP) that makes use of cloud computing platforms and services to provide a business with more flexible business process transformation. Enterprise resource planning is an industry including broad set of activities that helps a business manage the important parts of its business such as purchasing and inventory management. ERP applications can also include modules for the finance and human capital management aspects of a business and gives companies access to their business-critical applications at any time from any location.
1. Market Drivers
1.1 Increasing demand of ERP from small and medium enterprises
1.2 Adoption of Cloud and mobile applications
1.3 Need for operational efficiency and transparency in business processes
2. Market Restraints
2.1 Availability of Open-Source ERP Applications
2.2 Higher Operational Cost
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The global cloud ERP backup market is segmented on the basis of type, deployment model, verticals, organization size and region.
1. By Type:
1.2.1 Managed Service
1.2.2 Professional Service
2. By Deployment Model:
2.1 Private Cloud
2.2 Public Cloud
2.3 Hybrid Cloud
3. By Vertical:
3.1 Healthcare and life sciences
3.3 Retail and consumer goods
3.4 Banking, Financial Services, and Insurance
3.5 Telecommunication and ITES
3.6 Government and public sector
4. By Organization Size:
4.1 Large Companies
4.2 Small and Mid-sized Businesses
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5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Rest of the World
The major players in the market are as follows:
1. Oracle Corporation
2. Microsoft Corporation
4. Sage Software, Inc.
5. Intacct Corporation
6. Plex Systems, Inc.
7. SAP SE
9. Epicor Software Corporation
11. Ramco Systems
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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