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Cloud Enterprise Resource Planning Market worth $326.07 billion by 2030, growing at a CAGR of 22.82% - Exclusive Report by 360iResearch
Cloud Enterprise Resource Planning Market | 360iResearch
The Global Cloud Enterprise Resource Planning Market to grow from USD 77.34 billion in 2023 to USD 326.07 billion by 2030, at a CAGR of 22.82%.
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Cloud ERP software is accessible over the Internet and delivers advanced functionality for all the core business functions in an organization. This software gives companies access to mission-critical sites at any time, from any location, and offers the infinite ability to scale and innovate. Cloud ERP systems deliver tremendous value to organizations, helping them boost productivity and gain insights. A cloud ERP system intelligently automates processes, provides AI and ML insights, and allows companies to innovate business models. Moreover, the rising demand to improve operational efficiency and streamline business processes and ongoing digital transformation in various industries is enhancing the adoption of cloud ERP solutions. However, data security and privacy threats and more time and cost required for cloud ERP implementation significantly impede cloud ERP utilization. In addition, integrating advanced technologies and innovative features of cloud ERP systems creates robust opportunities for developing and adopting cloud ERP systems.
The Americas have a significant landscape in the cloud enterprise resource planning market driven by the need for improved efficiency and cost reduction. Key sectors include manufacturing, healthcare, retail, and government agencies. Notable initiatives include investment in research and development by tech giants and the growing demand for cloud ERP systems among small to medium businesses (SMBs) seeking to optimize their operations with minimal upfront costs and companies increasingly focusing on data security and compliance amidst strict privacy regulations, further fueling the market growth. In the European Union (EU), digital transformation strategies are driving the adoption of cloud ERP solutions across industries. A rising number of startups entering the region contribute to increased investments in cloud-based technologies. The Middle East displays significant growth potential in cloud ERP adoption due to its ongoing digital transformation initiatives. The APAC has observed a developing landscape in the cloud ERP market, driven by strong government support for digital transformation initiatives and robust domestic demand from sectors including manufacturing, retail, and healthcare. Increasing internet penetration, thriving startup ecosystem, and government initiatives are now adopting cost-effective SaaS-based ERP solutions tailored to their needs. The rising skill gap in data analytics has also spurred investments in training programs to enhance workforce capabilities in utilizing these systems.
Market Segmentation & Coverage:
This research report categorizes the Cloud Enterprise Resource Planning Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Services and Solution. The Services is further studied across Managed Services and Professional Services. The Professional Services is further studied across Consulting, Implementation & Integration, and Support & Maintenance. The Services commanded largest market share of 66.83% in 2023, followed by Solution.
Based on Business Function, market is studied across Finance & Accounting, Human Capital Management, Inventory & Order Management, and Sales & Marketing. The Human Capital Management commanded largest market share of 34.22% in 2023, followed by Finance & Accounting.
Based on Organization Size, market is studied across Large Enterprises and Small and Medium-Sized Enterprises. The Large Enterprises commanded largest market share of 86.88% in 2023, followed by Small and Medium-Sized Enterprises.
Based on Vertical, market is studied across Aerospace & Defense, Banking, Financial Services, and Insurance, Education, Government & Public Sector, Healthcare, IT & Telecom, Manufacturing, and Retail. The IT & Telecom commanded largest market share of 21.67% in 2023, followed by Banking, Financial Services, and Insurance.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Colorado, Connecticut, Florida, Illinois, Michigan, Minnesota, New York, Ohio, Pennsylvania, Texas, and Washington. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.45% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Cloud Enterprise Resource Planning Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Cloud Enterprise Resource Planning Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Cloud Enterprise Resource Planning Market, highlighting leading vendors and their innovative profiles. These include abas Software GmbH, Acumatica, Inc., Azentio Software Private Limited, Dassault Systèmes SE, Deltek, Inc., ECI Software Solutions, Inc., Epicor Software Corporation, Frappe Technologies Pvt. Ltd., Genius Solutions, Global Shop Solutions, Inc., GUS Group, IFS World Operations AB, Infor, LionOBytes LLC, Microsoft Corporation, OpenPro, Inc., Oracle Corporation, QAD Inc., Ramco Systems Limited, Rockwell Automation, Inc., Rootstock Software, SAP SE, Synergy Technology Ltd., SYSPRO Proprietary Limited, The Sage Group PLC, TOPIX Business Software AG, Unit4 Group Holding B.V., Verpura GmbH, Workday, Inc., and Xentral ERP Software GmbH.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Cloud Enterprise Resource Planning Market, by Component
7. Cloud Enterprise Resource Planning Market, by Business Function
8. Cloud Enterprise Resource Planning Market, by Organization Size
9. Cloud Enterprise Resource Planning Market, by Vertical
10. Americas Cloud Enterprise Resource Planning Market
11. Asia-Pacific Cloud Enterprise Resource Planning Market
12. Europe, Middle East & Africa Cloud Enterprise Resource Planning Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Cloud Enterprise Resource Planning Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Cloud Enterprise Resource Planning Market?
3. What is the competitive strategic window for opportunities in the Cloud Enterprise Resource Planning Market?
4. What are the technology trends and regulatory frameworks in the Cloud Enterprise Resource Planning Market?
5. What is the market share of the leading vendors in the Cloud Enterprise Resource Planning Market?
6. What modes and strategic moves are considered suitable for entering the Cloud Enterprise Resource Planning Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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