Reports
Global Cloud ERP Market: By Component: Services, Solution; By Business Function: Finance and Accounting, Sales and Marketing, Inventory and Order Management; By Organisation Size; By Industry; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Cloud ERP Market Outlook
The global cloud ERP market stood at a value of around USD 59 billion in 2022. The market is further expected to grow at a CAGR of 15.4% in the forecast period of 2023-2028 to attain a value of around USD 139.3 billion by 2028.
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Finance and Accounting Segment to Augment the Global Cloud ERP Industry
Based on business function, the finance and accounting segment is expected to prove profitable for the global cloud ERP industry. The finance and accounting processes are important sectors in an organisation that require extra caution in handling data. Cloud ERP software is being increasingly utilised in this segment because it offers flexible and all-inclusive data management tools to gather financial records, create data reports, balance sheets, and overall financial statements. Large enterprises are rapidly adopting cloud ERP services for more efficient and comprehensive functioning of their various verticals in terms of organisation size.
Expansive Market Share Expected to be Registered by the North American Region
In terms of region, North America is estimated to hold a substantial share of the global cloud ERP industry. This increase is attributed to the ongoing technological innovations, easy availability of skilled expertise, and expeditious manufacturing of the cloud ERP services provided by the large number of cloud ERP vendors based in the region. The Asia Pacific region is also expected to register a consistent growth in its market share due to heightened deployment of cloud ERP services in the working of many sectors such as governmental institutions in the region.
Cloud ERP: Market Segmentation
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.
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By component, the market is divided into:
- Services
- Solution
Based on business function, the industry can be categorised into:
- Finance and Accounting
- Sales and Marketing
- Inventory and Order Management
In terms of organisation size, the market can be segmented into:
- Large Enterprises
- Small and Medium-Sized Enterprises
On the basis of industry, the market can be categorised into:
- Banking, Financial Services, and Insurance
- Telecom
- Government and Public Sector
- Retail
- Manufacturing
- Aerospace and Defence
- Education
- Healthcare and Life Sciences
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Improved Operational Efficiency to Drive the Cloud ERP Industry
Organisations around the globe are seeking efficient strategies for improved functioning, which would help them conduct various business operations comprehensively. 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 nature. These are some of the drivers contributing to the overall growth of the cloud ERP industry.
Key Industry Players in the Global Cloud ERP Market
The report gives a detailed analysis of the following key players in the global cloud ERP market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- IFS
- Oracle Corporation
- Microsoft Corporation
- SAP
- Infor
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Business Function, Organisation Size, Industry, Region |
| Breakup by Component | Services, Solution |
| Breakup by Business Function | Finance and Accounting, Sales and Marketing, Inventory and Order Management |
| Breakup by Organisation Size | Large Enterprises, Small and Medium-Sized Enterprises |
| Breakup by Industry | Banking, Financial Services, and Insurance, Telecom, Government and Public Sector, Retail, Manufacturing, Aerospace and Defence, Education, Healthcare and Life Sciences, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | IFS, Oracle Corporation, Microsoft Corporation, SAP, Infor, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 (2018-2022)
8.3 Global Cloud ERP Market Forecast (2023-2028)
8.4 Global Cloud ERP Market by Component
8.4.1 Services
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Solution
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Cloud ERP Market by Business Function
8.5.1 Finance and Accounting
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Sales and Marketing
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Inventory and Order Management
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Cloud ERP Market by Organisation Size
8.6.1 Large Enterprises
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Small and Medium-Sized Enterprises
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Cloud ERP Market by Industry
8.7.1 Banking, Financial Services, and Insurance
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Telecom
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Government and Public Sector
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Retail
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Manufacturing
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
8.7.6 Aerospace and Defence
8.7.6.1 Historical Trend (2018-2022)
8.7.6.2 Forecast Trend (2023-2028)
8.7.7 Education
8.7.7.1 Historical Trend (2018-2022)
8.7.7.2 Forecast Trend (2023-2028)
8.7.8 Healthcare and Life Sciences
8.7.8.1 Historical Trend (2018-2022)
8.7.8.2 Forecast Trend (2023-2028)
8.7.9 Others
8.8 Global Cloud ERP Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Cloud ERP Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Cloud ERP Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Cloud ERP Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Cloud ERP Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Cloud ERP Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
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 2028
2. Global Cloud ERP Historical Market: Breakup by Component (USD Billion), 2018-2022
3. Global Cloud ERP Market Forecast: Breakup by Component (USD Billion), 2023-2028
4. Global Cloud ERP Historical Market: Breakup by Business Function (USD Billion), 2018-2022
5. Global Cloud ERP Market Forecast: Breakup by Business Function (USD Billion), 2023-2028
6. Global Cloud ERP Historical Market: Breakup by Organisation Size (USD Billion), 2018-2022
7. Global Cloud ERP Market Forecast: Breakup by Industry (USD Billion), 2023-2028
8. Global Cloud ERP Historical Market: Breakup by Industry (USD Billion), 2018-2022
9. Global Cloud ERP Market Forecast: Breakup by Organisation Size (USD Billion), 2023-2028
10. Global Cloud ERP Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Cloud ERP Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Cloud ERP Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Cloud ERP Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Cloud ERP Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Cloud ERP Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Cloud ERP Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Cloud ERP Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Cloud ERP Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Cloud ERP Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Cloud ERP Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Cloud ERP Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Cloud ERP Market Structure
Key Questions Answered in the Report
In 2022, the global cloud ERP market attained a value of nearly USD 59 billion.
The market is projected to grow at a CAGR of 15.4% between 2023 and 2028.
The major industry drivers of the industry are the ongoing technological innovations, easy availability of skilled expertise, expeditious manufacturing of the cloud ERP services provided by a large number of cloud ERP vendors, and heightened deployment of cloud ERP services in the working of many sectors such as governmental institutions.
The key trends leading the market’s growth are the growing usage of cloud ERP software in finance and accounting and rising demand for improved operational efficiency.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific with North America accounting for the largest share in the market.
By component, the market is divided into services and solution.
The finance and accounting segment is the dominant business function in the industry.
In terms of organisation size, the market can be segmented into large enterprises and small and medium-sized enterprises.
On the basis of industry, the market can be categorised into banking, financial services, and insurance, telecom, government and public sector, retail, manufacturing, aerospace and defence, education, healthcare and life sciences, among others.
The major players in the industry are IFS, Oracle Corporation, Microsoft Corporation, SAP, and Infor, among others.
Analyst Review
The global cloud ERP market attained a value of USD 59 billion in 2022, 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 2023-2028, 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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