Press release
Global Cloud Based ERP Market: Industry Outlook, Growth Prospects, Key Opportunities, Size, Share And Latest Trends Forecast To 2032
Cloud Based ERP Global Market
Cloud Based ERP Market Size, Growth Rate, And Forecast
The global cloud-based ERP market size grew from $40.49 billion in 2022 to $43.91 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cloud-based ERP market size is expected to grow to $65.89 billion in 2027 at a CAGR of 10.7%.
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Cloud Based ERP Market Drivers
The growing digitization, IoT adoption, and cloud computing environment all contributed to the expansion of the cloud-based ERP market. Cloud ERP provides real-time information, helps to gain vital business insights instantly, can improve decision-making in a business and enables better interaction between devices. Also, cloud-based ERP is an affordable option that enables employees to access the system from any device in small to mid-sized businesses.
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Cloud Based ERP Market Segments
1) By Component: Solution, Service
2) By Organization Size: Small And Medium-sized Enterprises, Large Enterprises
3) By Development Model: Private Cloud, Public Cloud, Hybrid Cloud
4) By End-Use Industry: Automotive, Aerospace And Defense, Retail, Banking And Financial Services, IT And Telecommunication, Education, Government And Public Sectors, Other End-Use Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Cloud Based ERP market.
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Cloud Based ERP Market Key Players
Major competitors in the Cloud Based ERP market include SAP SE, Microsoft Corporation, Oracle Corporation, IBM Corporation, Infor Inc., Sage Group plc, Aptean, Epicor Software Corporation
The Table Of Content For The Cloud Based ERP Market Include:
1. Executive Summary
2. Cloud-Based ERP Market Characteristics
3. Cloud-Based ERP Market Trends And Strategies
4. Cloud-Based ERP Market - Macro Economic Scenario
5. Cloud-Based ERP Market Size And Growth
……
27. Cloud-Based ERP Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cloud-Based ERP Market
29. Cloud-Based ERP Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Cloud Based ERP Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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