Global Cloud-Based ERP Market Projected to Grow at 12.2% CAGR, Reaching $72.58 Billion by 2029

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Cloud-Based ERP Industry Market Size Be by 2025?
The market for cloud-based ERP has seen substantial growth in recent years. The market is projected to expand from a worth of $43.61 billion in 2024 to $45.86 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.2%. This growth in the historical period is due to a shift towards cloud computing, the demand for scalability in Enterprise Resource Planning (ERP), the need to optimize costs and resources, improving mobility and data accessibility, and a rising understanding of Software as a Service (SaaS) models.

What's the Long-Term Growth Forecast for the Cloud-Based ERP Market Size Through 2029?
In the coming years, the cloud-based ERP market is set to experience a surge, expanding to $72.58 billion by 2029 with an annual compound growth rate of 12.2%. This anticipated expansion within the forecast period could be linked to the increased demand for industry-specific cloud ERP solutions, the rising focus on cybersecurity for cloud-based ERP, the extension of cloud ERP into SMEs, high-end analysis, and hybrid cloud adoption. Key trends set to dominate the forecasted period feature industry-specific solutions, mobile ERP, the fusion of blockchain, regular updates and enhancements, with a core emphasis on user experience.

View the full report here:
https://www.thebusinessresearchcompany.com/report/cloud-based-erp-global-market-report-

What Are the Key Growth Drivers Fueling the Cloud-Based ERP Market Expansion?
The rise in digitization, the adoption of IoT, and the prevalence of cloud computing have all played significant roles in the growth of the cloud-based ERP market share. Cloud ERP offers timely data, contributes to obtaining crucial business understanding immediately, aids in business decision-making, and promotes improved interaction among devices. Furthermore, for small to mid-sized businesses, cloud-based ERP is a cost-effective solution that allows staff to access the system from any device. For instance, a McKinsey study revealed that firms who made investments in cutting-edge technologies during this era noted substantial enhancements in their operational efficiencies and customer engagement measures. Remarkably, those employing AI and machine learning experienced an average productivity enhancement of 20%.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5869&type=smp

What Are the Key Trends Driving Cloud-Based ERP Market Growth?
Technological progress is having a significant impact on the cloud-based ERP market, bolstering the proliferation of cloud-based ERP products and services. These ERP systems, powered by the cloud, work to enhance workflows, bolster decision-making and dialogue, improve appliance interaction, monitor worker performance, provide user accessibility, and present digital support to corporations. For example, in January 2023, ELO Digital Office GmbH, a software company based in Germany, introduced three specially designed integration solutions for ERP and CRM systems. This represents an extensive addition to ELO's offering, featuring interfaces for SAP S/4HANA cloud systems, SmartWe CRM from CAS Software AG, and abas ERP from abas Software GmbH. These integrations aim to enable smooth coordination between ELO's ECM Suite and these premier software platforms, allowing users to archive documents, transfer metadata, and begin document-based operations directly from their ERP or CRM systems.

How Is the Cloud-Based ERP Market Segmented?
The cloud-based erpmarket 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

Subsegments:
1) By Solution: ERP Software, Business Intelligence And Analytics Tools, Customer Relationship Management (CRM) Integration, Inventory And Asset Management Solutions
2) By Service: Implementation Services, Training And Support Services, Consulting Services, Maintenance And Upgrades

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=5869&type=smp

Which Companies Are Leading the Charge in Cloud-Based ERP Market Innovation?
Major companies operating in the cloud-based erp market include 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

Which Regions Are Leading the Global Cloud-Based ERP Market in Revenue?
North America was the largest region in the cloud-based ERP market in 2024. The regions covered in the cloud-based erp market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5869

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.