Cloud ERP Market- COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Market Share and Forecast, 2021 – 2027

Cloud ERP Market was valued at US$ 27.7 Bn. in 2020 and is expected to reach US$ 52.84 Bn. by 2027, at a CAGR of 9.65% during a forecast period.

Cloud ERP Market Overview:

Cloud ERP Market was valued at US$ 27.7 Bn. in 2020. Cloud ERP is also known as software as a service, which allows users to use ERP software (Enterprise Resource Planning) that is hosted on shared computer resources through the internet. Through the internet, the cloud ERP system provides access to software applications such as processing power, disc storage, and memory. Computing resources are advantageous to medium and small businesses in particular since they allow access to applications at a reasonable rate without the usual upfront fees for software and hardware. Cloud ERP Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

COVID-19 Impact on Cloud ERP Market:

Businesses are efficiently embracing the cloud to develop robust and disaster-resistant systems anywhere on the planet in order to support a remote workforce while also protecting data and business application integrity. Travel restrictions and project delays will have a negative impact on the IT consulting and professional services business. These trends are expected to drive up demand for public cloud services, particularly SaaS-based industry-specific apps such as collaboration and other productivity and business continuity solutions. As a result of the rising mobility of the workforce as a result of lockdowns, as well as the need for security to avoid expensive network downtime costs, cloud services have become increasingly popular around the world.

Cloud ERP Market Dynamics:

Growing demand among enterprises to improve operational efficiency and streamline business processes: Businesses all over the world are concentrating on optimizing their business processes in order to increase operational efficiency while keeping track of running costs. Businesses are looking for a centralized solution to manage a variety of business activities, including finance and accounting, sales and marketing, procurement, and supply chain management. Cloud ERP gives businesses the flexibility and scalability they need to optimize their processes and increase efficiency. Cloud ERP is one of the most important tools a company can utilize to stay ahead of the competition by assisting them in running their organization. Cloud ERP ensures timely delivery of accurate financial data, improved financial performance, quick data-driven decisions, improved quality and inventory controls, simplified software, hardware, and network infrastructure, easy adoption of common standards across plants and business units, quick integration of acquired technologies, and more stable operating performance. Cloud ERP Market 1 The advent of big data and analytics: In today's digitally connected world, companies have access to a significant amount of data, which they acquire from whatever source they can. Every business activity creates specialized data in a certain format, and enterprises collect massive amounts of data from their day-to-day activities. Enterprises are using analytics-based solutions to draw conclusions and make data-driven decisions in order to handle such a fluctuating and massive stream of data. As organizations seek analytics-based solutions, big data and analytics provide a new revenue stream for cloud ERP vendors. Companies that use analytics to their advantage are twice as likely to rank in the top quarter for financial performance, five times more likely to make timely judgments, and three times more likely to execute their decisions and plans, according to a recent poll. Vendors are also developing cloud ERP solutions that include analytics as a feature. Limited customization options for SaaS-based ERP: SaaS and PaaS are the two types of cloud ERP offered by vendors; both are classified as cloud ERP. Although cloud-based solutions give businesses more flexibility and scale, they often limit customised choices. Customizations are now included in the basic product set of SaaS-based models. Enterprises that demand extensive modification, particularly in relation to major capabilities, may find it difficult to make these customizations on a SaaS-based ERP system. Human capital management and customer relationship management (CRM) are examples of cloud ERP systems; nevertheless, only a few suppliers offer a single suite of solutions that meets the majority of user needs. These restrictions are limiting cloud ERP adoption and limiting industry growth.

Cloud ERP Market segment analysis:

Based on Function, during the forecast period, the financial segment is expected to have the greatest CAGR of xx%. For multinational companies, this section is designed to be comprehensive, integrated, and highly scalable. The importance of finance in a business is highlighted by aspects such as ledger and analytics, payables and assets, and customer invoices. Financial data is gathered and reports, such as ledgers, trail balance data, and overall balance sheets, are generated by the Cloud ERP. For the forecasted time, these characteristics will boost the financial segment. Cloud ERP Market 2 Based on Vertical, the highest market share was held by Banking, Financial Services, and Insurance (BFSI). The banking and insurance industries, which collect enormous amounts of data from a variety of sources, can be credited with the causes. The involvement of sensitive data, such as high-income group (HNI) account details, trading operations, and other essential data, is a driving driver for this industrial vertical. Cloud ERP Market 3 Based on Enterprise Size, Due to constant R&D expenditure, particularly on ERP workshops, training, and education of its staff, the large enterprise is expected to have the highest CAGR during the forecast period. The usage of cloud ERP solutions in large organizations is increasing as a result of their affordability.

Cloud ERP Market Regional Insight:

North America region held largest market share of xx% in 2020. Owing to technical improvements and an increase in cloud-based ERP solutions in industry, government, and retail during the forecast period, additionally Due to the growing use of cloud-based solutions, an increase in IoT adoption, and the presence of a large number of businesses, the market is expected to grow. The Asia-Pacific cloud-based ERP market is expected to grow at the fastest, followed by LAMEA. In Asia-Pacific, the demand for transparent and modernized manufacturing processes is projected to boost the growth of cloud-based ERP software. The objective of the report is to present a comprehensive analysis of the Cloud ERP market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Cloud ERP market dynamics, structure by analyzing the market segments and projects the Cloud ERP market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Cloud ERP market make the report investor’s guide.

Cloud ERP Market Scope: Inquire before buying

Cloud ERP Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2019 Market Size in 2020: US $ 27.7 Bn
Forecast Period 2021 to 2027 CAGR: 9.65 % Market Size in 2027: US $ 52.8 Bn.
Segments Covered: by Component • Solution • Services
by Function • Accounting • Finance • Sales and Marketing • Inventory and Order Management • Human Capital Management
by Vertical • Manufacturing & Services • BFSI • Healthcare • Retail • Government Utilities • Other
by Organization Size • Large enterprises • Medium enterprises • Small enterprises

Cloud ERP Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Cloud ERP Market Key Players

Oracle (US) • SAP (Germany) • Microsoft (US) • Infor (US) • Unit4 (Netherlands) • Workday (US) • Sage Software (UK) • Epicor (US) • QAD Inc. (US) • Plex Systems (US) • Acumatica (US) • Deltek (US) • Rootstock Software (US) • IQMS (US) • Ramco Systems (India) • IBM, Microsoft • Aptean • Syspro • RF-SMART • Secure ERP • Planview • Mindover Software • ERP Advisors Group

Frequently Asked Questions:

1. Which region has the largest share in Cloud ERP Market? Ans: North America region holds the highest share in 2020. 2. What is the growth rate of Cloud ERP Market? Ans: The Cloud ERP Market is growing at a CAGR of 9.65 % during forecasting period 2021-2027. 3. What segments are covered in Cloud ERP market? Ans: Cloud ERP Market is segmented into component, function, verticals, organization size, and region. 4. Who are the key players in Cloud ERP market? Ans: The important key players in the Cloud ERP Market are – Oracle (US), SAP (Germany), Microsoft (US), Infor (US), Unit4 (Netherlands), Workday (US), Sage Software (UK), Epicor (US), QAD Inc. (US), Plex Systems (US), Acumatica (US), Deltek (US), Rootstock Software (US), IQMS (US). 5. What is the study period of this market? Ans: The Cloud ERP Market is studied from 2020 to 2027.
1. Global Cloud ERP Market: Research Methodology 2. Global Cloud ERP Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Cloud ERP Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Cloud ERP Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Cloud ERP Market Segmentation 4.1. Global Cloud ERP Market, by Component (2020-2027) • Solution • Services 4.2. Global Cloud ERP Market, by Function (2020-2027) • Accounting • Finance • Sales and Marketing • Inventory and Order Management • Human Capital Management 4.3. Global Cloud ERP Market, by Vertical (2020-2027) • Manufacturing & Services • BFSI • Healthcare • Retail • Government Utilities • Other 4.4. Global Cloud ERP Market, by Organization size(2020-2027) • Large enterprises • Medium enterprises • Small enterprises Cloud • On-Premises 5. North America Cloud ERP Market(2020-2027) 5.1. North America Cloud ERP Market, by Component (2020-2027) • Solution • Services 5.2. North America Cloud ERP Market, by Function (2020-2027) • Accounting • Finance • Sales and Marketing • Inventory and Order Management • Human Capital Management 5.3. North America Cloud ERP Market, by Vertical (2020-2027) • Manufacturing & Services • BFSI • Healthcare • Retail • Government Utilities • Other 5.4. North America Cloud ERP Market, by Organization size(2020-2027) • Large enterprises • Medium enterprises • Small enterprises Cloud • On-Premises 5.5. North America Cloud ERP Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Cloud ERP Market (2020-2027) 6.1. European Cloud ERP Market, by Component (2020-2027) 6.2. European Cloud ERP Market, by Function (2020-2027) 6.3. European Cloud ERP Market, by Vertical (2020-2027) 6.4. European Cloud ERP Market, by Organization size(2020-2027) 6.5. European Cloud ERP Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Cloud ERP Market (2020-2027) 7.1. Asia Pacific Cloud ERP Market, by Component (2020-2027) 7.2. Asia Pacific Cloud ERP Market, by Function (2020-2027) 7.3. Asia Pacific Cloud ERP Market, by Vertical (2020-2027) 7.4. Asia Pacific Cloud ERP Market, by Organization size(2020-2027) 7.5. Asia Pacific Cloud ERP Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Cloud ERP Market (2020-2027) 8.1. Middle East and Africa Cloud ERP Market, by Component (2020-2027) 8.2. Middle East and Africa Cloud ERP Market, by Function (2020-2027) 8.3. Middle East and Africa Cloud ERP Market, by Vertical (2020-2027) 8.4. Middle East and Africa Cloud ERP Market, by Organization size(2020-2027) 8.5. Middle East and Africa Cloud ERP Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Cloud ERP Market (2020-2027) 9.1. Latin America Cloud ERP Market, by Component (2020-2027) 9.2. Latin America Cloud ERP Market, by Function (2020-2027) 9.3. Latin America Cloud ERP Market, by Vertical (2020-2027) 9.4. Latin America Cloud ERP Market, by Organization size(2020-2027) 9.5. Latin America Cloud ERP Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Oracle (US) 10.1.1. Financial Overview 10.1.2. Global Presence 10.1.3. Capacity Portfolio 10.1.4. Business Strategy 10.1.5. Recent Developments 10.2. SAP (Germany) 10.3. Microsoft (US) 10.4. Infor (US) 10.5. Unit4 (Netherlands) 10.6. Workday (US) 10.7. Sage Software (UK) 10.8. Epicor (US) 10.9. QAD Inc. (US) 10.10. Plex Systems (US) 10.11. Acumatica (US) 10.12. Deltek (US) 10.13. Rootstock Software (US) 10.14. IQMS (US) 10.15. Ramco Systems (India) 10.16. IBM, Microsoft 10.17. Aptean 10.18. Syspro 10.19. RF-SMART 10.20. Secure ERP 10.21. Planview 10.22. Mindover Software 10.23. ERP Advisors Group

About This Report

Report ID31769
Category Information Technology & Telecommunication
Published DateJune 2019
Updated DateNov 2021
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