The Business Research Company’s report on the Cloud-Based ERP Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the cloud-based erp industry?
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, according to a study by McKinsey, companies that invested in advanced technologies during this period reported significant improvements in their operational efficiencies and customer engagement metrics. Specifically, those utilizing AI and machine learning saw a 20% increase in productivity on average.
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What is the estimated market size of the cloud-based erp sector by 2029, based on current forecasts?
The cloud-based erp market size has grown strongly in recent years. It will grow from $43.61 billion in 2024 to $46.14 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The 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 is expected to see rapid growth in the next few years. It will grow to $73.91 billion in 2029 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to rise in demand for industry-specific cloud ERP solutions, growing emphasis on cybersecurity in cloud-based ERP, expansion of cloud ERP in small and medium-sized enterprises (SMEs), advanced analytics, hybrid cloud adoption. Major trends in the forecast period include industry-specific solutions, mobile ERP, blockchain integration, continuous updates and improvements, focus on user experience.
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#Who are the top players in the cloud-based erp market?
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
#What are the major trends in the 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 January 2023, ELO Digital Office GmbH, a Germany-based software company, launched three new integration solutions tailored for ERP and CRM systems. These solutions mark a significant expansion of ELO’s portfolio, offering interfaces for SAP S/4HANA cloud systems, SmartWe CRM from CAS Software AG, and abas ERP from abas Software GmbH. The integrations aim to facilitate seamless communication between ELO’s ECM Suite and these leading software environments, allowing users to store documents, transfer metadata, and initiate document-based processes directly from their ERP or CRM systems.
Which geography holds the highest cloud-based erp market share?
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
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How do different segments contribute to the overall expansion of the cloud-based erp market?
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
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
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How is the cloud-based erp market defined?
The cloud-based ERP refer to an enterprise resource planning (ERP) system that runs on a cloud platform, allowing organizations to access it over the internet as opposed to an on-premises network. Integrates various departments in an organization and automates essential financial and operational business functions for the smooth flow of communication and information by providing a central database.
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