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Market Size

Global Cloud ERP Market Size, Share, Trends, Forecast: By Component: Services, Solution; By Business Function: Finance and Accounting, Sales and Marketing, Inventory and Order Management; By Organisation Size: Large Enterprises, Small and Medium-Sized Enterprises; By Industry; Regional Analysis; Competitive Landscape; 2024-2032

Global Cloud ERP Market Size

The global cloud ERP market reached approximately USD 68.09 billion in 2023. The market is projected to grow at a CAGR of 15.4% between 2024 and 2032, reaching a value of around USD 247.04 billion by 2032.

 

Key Takeaways

  • The BFSI sector leverages cloud ERP for managing financial risk and ensuring compliance with ever-changing regulations.
  • Cloud ERP enables telecom companies to handle various billing models, including prepaid, postpaid, and usage-based billing.
  • The government and public sector is witnessing digitisation, leveraging cloud ERP for budgeting, procurement, and expenditure management.

 

Cloud ERP refers to a type of enterprise resource planning software (ERP) that operates on a provider's cloud computing platform instead of an onsite network of a particular enterprise. Organisations can access the ERP software and tools over the internet, which allows them to consolidate different business processes such as accounting, inventory management, procurement, and other functions into one cohesive system that provides a single data source. Cloud ERP allows companies to access business-essential information from any part of the world.

 

One of the major factors driving the cloud ERP market growth is its growing usage by various organisations around the globe. These organisations are seeking efficient strategies for improved functioning, which would help them conduct various business operations comprehensively in the ERP software. Cloud ERP services offer a centralised system to businesses, allowing them to carry out multiple tasks such as accounting, marketing, and managing client data, among others, in a more simplified and flexible manner, with increased transparency adding to the overall business efficiency. Cloud ERP further decreases the time needed in data collection and generating analytical reports, which helps in streamlining business operations of different natures.

 

Cloud ERP Market Report Snapshots

Cloud ERP Market Size

Cloud ERP Market Trends

Cloud ERP Market Regional Analysis

Cloud ERP Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Cloud ERP Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Cloud ERP Historical Market (2018-2023) 
    8.3    Global Cloud ERP Market Forecast (2024-2032)
    8.4    Global Cloud ERP Market by Component
        8.4.1    Services
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Solution
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Cloud ERP Market by Business Function
        8.5.1    Finance and Accounting
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Sales and Marketing
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Inventory and Order Management
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Cloud ERP Market by Organisation Size
        8.6.1    Large Enterprises
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Small and Medium-Sized Enterprises
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Cloud ERP Market by Industry
        8.7.1    Banking, Financial Services, and Insurance
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Telecom
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Government and Public Sector
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Retail
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Manufacturing
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
        8.7.6    Aerospace and Defence
            8.7.6.1    Historical Trend (2018-2023)
            8.7.6.2    Forecast Trend (2024-2032)
        8.7.7    Education
            8.7.7.1    Historical Trend (2018-2023)
            8.7.7.2    Forecast Trend (2024-2032)
        8.7.8    Healthcare and Life Sciences
            8.7.8.1    Historical Trend (2018-2023)
            8.7.8.2    Forecast Trend (2024-2032)
        8.7.9    Others    
    8.8    Global Cloud ERP Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Cloud ERP Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Cloud ERP Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Cloud ERP Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Cloud ERP Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Cloud ERP Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    IFS
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Oracle Corporation
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Microsoft Corporation
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    SAP
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Infor
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Cloud ERP Market: Key Industry Highlights, 2018 and 2032
2.    Global Cloud ERP Historical Market: Breakup by Component (USD Billion), 2018-2023
3.    Global Cloud ERP Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.    Global Cloud ERP Historical Market: Breakup by Business Function (USD Billion), 2018-2023
5.    Global Cloud ERP Market Forecast: Breakup by Business Function (USD Billion), 2024-2032
6.    Global Cloud ERP Historical Market: Breakup by Organisation Size (USD Billion), 2018-2023
7.    Global Cloud ERP Market Forecast: Breakup by Industry (USD Billion), 2024-2032
8.    Global Cloud ERP Historical Market: Breakup by Industry (USD Billion), 2018-2023
9.    Global Cloud ERP Market Forecast: Breakup by Organisation Size (USD Billion), 2024-2032
10.    Global Cloud ERP Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Cloud ERP Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Cloud ERP Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Cloud ERP Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Cloud ERP Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Cloud ERP Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Cloud ERP Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Cloud ERP Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Cloud ERP Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Cloud ERP Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Cloud ERP Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Cloud ERP Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global Cloud ERP Market Structure

Key Questions Answered in the Report

In 2023, the global market attained a value of nearly USD 68.09 billion.

The market is projected to grow at a CAGR of 15.4% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 247.04 billion by 2032.

The major drivers of the market are the surging availability of skilled workforce and the rising deployment of cloud ERP services in various end-use sectors.

The key trends propelling the market growth are the growing usage of cloud ERP software in finance and accounting and the rising demand for improved operational efficiency.

The major regions in the cloud ERP market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Services and solution are the major components of cloud ERP considered in the market report.

The several segments based on the business function of the product include finance and accounting, sales and marketing, and inventory and order management.

Large enterprises and small and medium-sized enterprises are the different organisation sizes considered in the market report.

The significant industries included in the market report are banking, financial services, and insurance, telecom, government and public sector, retail, manufacturing, aerospace and defence, education, and healthcare and life sciences, among others.

The major players in the market are IFS, Oracle Corporation, Microsoft Corporation, SAP, and Infor, among others.

Analyst Review

The global cloud ERP market attained a value of USD 68.09 billion in 2023, driven by the rising demand from organisations worldwide for Cloud ERP services. Aided by the growing usage of Cloud ERP software in finance and accounting and rising demand for improved operational efficiency, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 15.4%.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component , the global cloud ERP industry can be segmented into services and solution. By business function, the industry can be divided into finance and accounting, sales and marketing, inventory and order management, with finance and accounting making for the largest market share. On the basis of organisation size large enterprises, small and medium-sized enterprises are the major segments. By industry, the market consists of banking, financial services, and insurance, telecom, government and public sector, retail, manufacturing, aerospace and defence, education, healthcare and life sciences, among others. The major regional markets for the  cloud ERP  are North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific, with North America accounting for the largest share of the market. The key players in the above market include IFS, Oracle Corporation, Microsoft Corporation, SAP, and Infor, among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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