Cloud Based ERP Market Size, Share, Trends, Growth And Forecast 2023-2032
The Business Research Company's Cloud Based ERP Global Market Report 2023 identifies the growing digitization, IoT adoption, and cloud computing environment as the major driver for the cloud-based ERP market's growth in the forecast period. The growing digitization, IoT adoption, and cloud computing environment.
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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Major competitors in the cloud-based ERP market are SAP SE, Microsoft Corporation, Oracle Corporation, IBM Corporation, Infor Inc., Sage Group plc, Aptean, Epicor Software Corporation, Acumatica, Inc., Ramco Systems Limited, Deltek, Plex Systems, Syspro, Unit4, QAD Inc., Workday, Inc., Netsuite Inc., Daffodil Software Ltd., FinancialForce, IQMS (Dassault Systemes), Rootstock Software, IFS AB, Genius Solutions, Inc., OpenPro, Inc., and Koch Industries, Inc.
A key trend in the cloud-based ERP market includes advancements in technology. These cloud-based ERP system technologies will aid in optimizing workflow, improving decision-making and communication, enabling better device interaction, monitoring employee performance, being easily accessible to users, and providing digital assistance to an organization.
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The cloud-based ERP market is segmented -
•By Component: Solution, Service
•By Organization Size: Small And Medium-sized Enterprises, Large Enterprises
•By Development Model: Private Cloud, Public Cloud, Hybrid Cloud
•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.
The Business Research Company's "Global Cloud Based ERP Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
26. Africa Cloud-Based ERP Market
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
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