Press release
Cloud-Based ERP Market: Escalating to $46.14 billion in 2025 with CAGR 5.8%, Driven by Rising Demand for Industry-Specific Solutions and Advanced Analytics
Cloud-Based ERP Market Size
Shaping the Future Through Advancements in Cloud-Based ERP: Market Insights and Key Trends for 2024-2029.
What Is The Projected Market Size Of The Global Cloud-Based ERP Market And Its Growth Rate?
• The cloud-based ERP market size is showing strong growth, expected to escalate from $43.61 billion in 2024 to $46.14 billion in 2025 at a CAGR of 5.8%.
• Growth in the historic period can be attributed to transition to cloud computing, need for scalability in enterprise resource planning (ERP), cost reduction and resource optimization, increased mobility and accessibility of data, growing awareness of software as a service (SaaS) models.
• The cloud-based ERP market size shows potential for rapid growth in the next few years, with a projected size of $73.91 billion in 2029 at a CAGR of 12.5%.
• The forecasted growth can be attributed to a rise in demand for industry-specific cloud ERP solutions, growing emphasis on cybersecurity in cloud-based ERP, expansion of cloud ERP in SMEs, advanced analytics, and hybrid cloud adoption.
What Is Driving The Growth In The Cloud-Based ERP Market?
The growth of the cloud-based ERP market is largely driven by growing digitization, IoT adoption, and a thriving cloud computing environment. Cloud ERP provides real-time information, facilitates vital business insights instantly, improves decision-making, and enables better interaction between devices. Furthermore, this cost-effective option allows employees in small to mid-sized businesses to access the system from any device. As per a study by McKinsey, companies investing in advanced technologies during this period reported significant operational efficiencies and enhanced customer engagement metrics. Particularly, businesses utilizing AI and machine learning witnessed a 20% increase in productivity on average.
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Who Are the Key Players Driving Cloud-Based ERP Market Growth?
• 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
What Are The Key Trends In The Cloud-Based ERP Market?
• Industry-specific solutions
• Mobile ERP
• Blockchain integration
• Continuous updates and improvements
• Focus on user experience
What Are The Segments Of The Global Cloud-Based ERP Market?
• 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
Which Region Leads The Cloud-Based ERP Market?
North America led the cloud-based ERP market in 2024, with Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa also contributing significantly.
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What Is Covered In The Cloud-Based ERP Market Global Market Report?
- Market Size Analysis: Analyze the Cloud-Based ERP Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cloud-Based ERP Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cloud-Based ERP Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cloud-Based ERP Market .
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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