Cloud ERP Market Forecast 2024-2030: Advances in Enterprise Resource Planning and Cloud-Based Solutions

Cloud ERP Market Soars to New Heights, Predicted to Reach USD 165.69 Billion by 2030

Digital Transformation Fueling Growth:

The surge in digital transformation initiatives plays a pivotal role in propelling the Cloud ERP Market forward. Businesses are leveraging Cloud ERP solutions to integrate and automate critical processes like finance, supply chain management, human resources, and customer relationship management. Migrating to the cloud not only streamlines operations but also provides cost advantages, with a total cost of ownership up to 50-60% lower compared to on-premise solutions over a decade.

Cloud ERP Market Outlook:

The Cloud ERP market's future trajectory has been projected based on region, type, and application, incorporating sales and revenue data. The Cloud ERP market research underscores aspects such as market share, primary suppliers, distributors, evolving price trends, and the intricate raw material supply chain. By offering these insights, the market report furnishes companies with profound understanding of the dynamics prevalent within the global Cloud ERP industry.

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Cloud ERP Market Scope and Research Methodology:

The core focus of the Cloud ERP market report centers on illuminating the dynamics encompassing drivers, restraints, challenges, and opportunities. This comprehensive insight into market dynamics is presented both regionally and by segment, rendering the report an indispensable resource for potential investors. Data collection for the report was achieved through the synergy of primary and secondary research methodologies, ensuring the Cloud ERP market report's authenticity and accuracy.

The process of arriving at the total market size involved segmenting the market into various categories, each verified through primary research achieved by conducting extensive interviews with influential individuals within the Cloud ERP industry. Employing a bottom-up approach, the report estimated both regional and global Cloud ERP market sizes.

In addition, secondary research identified significant Cloud ERP industry key players, whose revenues were determined through a combination of primary and secondary research. The secondary research phase encompassed data collection from official databases of diverse organizations, government sources, industry journals, white papers, annual reports, and suppliers within the Cloud ERP industry. Meanwhile, primary research involved conducting in-depth interviews with industry experts and opinion leaders.

Cloud ERP Market Segmentation:

by Component

Solution
Services

by Function

Accounting and Finance
Sales and Marketing
Inventory and Order Management
Human Capital Management

The market is divided into four segments based on function: inventory and order management, human capital management, sales and marketing, and accounting and finance. The market was led by the Accounting and Finance segment in 2023, and during the forecast period, this category is anticipated to hold the greatest share of the Cloud ERP market. This section covers a number of fundamental elements that are necessary for sound financial management, including cash flow management, budgeting and forecasting, accounts payable, accounts receivable, and general ledger. With the use of these tools, organisations may improve accuracy, expedite financial procedures, and gain real-time insight into their financial health. The general ledger methodically records every transaction and acts as the organization's principal repository for financial data.

by Vertical

Manufacturing & Services
BFSI
Healthcare
Retail
Government Utilities
Other

The market is divided into Manufacturing & Services, BFSI, Healthcare, Retail, Government Utilities, and Other segments based on Vertical. Throughout the course of the forecast period, the manufacturing and services category is anticipated to maintain its dominant market position in Cloud ERP, having done so in 2023. Within the Cloud ERP (Enterprise Resource Planning) market, the Manufacturing & Services category deals with a particular group of industries that produce goods and offer a range of services. Businesses involved in production, distribution, supply chain management, inventory control, and service provision are included in this category. This comprises businesses that produce tangible things in a variety of industries, including consumer goods, industrial equipment, automotive, aerospace, and electronics.

by Organization Size

SMEs
Large enterprises

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Cloud ERP Market Key Players:

North America:

1. Oracle Corporation - Redwood City, California, USA
2. SAP SE - Walldorf, Germany (with a significant presence in North America)
3. Microsoft Corporation - Redmond, Washington, USA
4. Workday, Inc. - Pleasanton, California, USA
5. Infor - New York City, New York, USA
6. Salesforce - San Francisco, California, USA
7. Epicor Software Corporation - Austin, Texas, USA
8. NetSuite (Oracle NetSuite) - San Mateo, California, USA
9. Plex Systems, Inc. - Troy, Michigan, USA
10. Acumatica - Bellevue, Washington, USA
11. Cisco - San Jose, California

Europe:

12. Sage Group plc - Newcastle upon Tyne, United Kingdom
13. Unit4 - Utrecht, Netherlands
14. IFS - Linköping, Sweden
15. Exact Software - Delft, Netherlands
16. Visma - Oslo, Norway

Asia-Pacific:

17. Zoho Corporation - Chennai, India
18. Ramco Systems - Chennai, India
19. Deskera - Singapore
20. IFS (Asia-Pacific Division) - Singapore
21. Yonyou (Yonyou Software Co., Ltd.) - Beijing, China

Cloud ERP Market Regional Analysis:

The Cloud ERP market report is segmented into key regions, such as North America, Asia Pacific, Europe, Middle East and Africa, and South America. Furthermore, the report includes market size, CAGR, import and export, and country-level analysis, integrating the demand and supply forces of the Cloud ERP market in these countries.

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Key Questions answered in the Cloud ERP Market Report are:

What is the expected CAGR of the Cloud ERP market during the forecast?
What is the expected Cloud ERP market size during the forecast period?
Which regional Cloud ERP market is expected to hold the largest share during the forecast period?
What are the market segments?
Which production technology is utilized for Cloud ERP?
What trends are driving the market growth?
Who are the global key players in the Cloud ERP market?
What is the global market status of the Cloud ERP market?
What was volume, manufacture value, price, and revenue of Cloud ERP market?

Key Offerings:

Market Overview
Market Share
Market Size
Forecast by Revenue
Market Dynamics - Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation - A detailed analysis by segments, sub-segments and region
Competitive Landscape - Top Key Vendors and Other Prominent Vendors

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