Cloud-Based ERP Global Market At a 9.7% CAGR Projected Expansion to $64.56 Billion Market Value By 2028 | Oracle Corporation, IBM Corporation, Infor Inc., Sage Group plc, Deltek Inc.

"The new report published by The Business Research Company, titled ""Cloud-Based ERP Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the cloud-based erp market size has grown strongly in recent years. It will grow from $41.72 billion in 2023 to $44.63 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The cloud-based erp market size is expected to see strong growth in the next few years. It will grow to $64.56 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.

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Growing Digitization And IOT Adoption Fuels Cloud-Based ERP Market Growth
The growing digitization, IoT adoption, and cloud computing environment all contributed to the expansion of the cloud-based ERP market share. 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. For instance, In January 2021, in a global survey, Software AG, an enterprise software company, announced that results of their global survey stated that 97% of global IT directors reported that their companies went through digital transformation in 2020 and also listed the areas of focus such as Cloud computing (67%), 5G (51%), AI (43%), and Integration (43%) that are of interest in 2021.

Technological Advancements Drive The Evolution Of Cloud-Based Erp Market
Advancements in technology are significantly shaping the cloud-based ERP market. Advancements in technology are strengthening the growth of cloud-based ERP solutions and services. 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. For instance, in September 2021, Yonyou, a China-based cloud service, and enterprise resource planning (ERP) solutions provider launched the next-generation cloud ERP to enhance the business innovation platform. The newly launched Yonyou BIP is the upgraded architecture '1+3+X', shifting from 'All-in-One Suite' to 'Integrated Service Cluster' to enhance the ERP solutions in HR, Business and Finance, covering ten major line-of-businesses sales and marketing, and financial services.

The cloud-based erp market covered in this report is segmented -
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

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Major companies operating in the cloud-based erp market report are SAP SE, Microsoft Corporation, Oracle Corporation, IBM Corporation, Infor Inc., Sage Group plc, Aptean, Epicor Software Corporation, Acumatica Inc., Ramco Systems Limited, Deltek Inc., Plex Systems Inc., Syspro, Unit4 N. V., QAD Inc., Workday Inc, Netsuite Inc., Daffodil Software Ltd, Certinia (FinancialForce Inc. ), IQMS (Dassault Systemes SE), Rootstock Software (The Danville Group Inc. ), IFS AB, Genius Solutions Inc., OpenPro Inc., Koch Industries Inc., Sapphire Systems (Kechie ERP), Brahmin Solutions LLC, Method Integration Inc., Deskera Holdings Limited, Blue Link Associates Limited, Brightpearl Limited

Contents of the report:
1. Executive Summary
2. Cloud-Based ERP Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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