Global Cloud-Based ERP Market Overview And Prospects – Includes Cloud-Based ERP Market Size
Learn about the global cloud-based ERP market through The Business Research Company, which provides information on cloud-based ERP market size, cloud-based ERP market drivers and restraints, cloud-based ERP market players, the COVID-19 impact on the cloud-based ERP market, and more.
The global cloud-based ERP market size is expected to grow from $36.82 billion in 2021 to $41.73 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The global cloud-based enterprise resource planning market size is expected to grow to $68.58 billion in 2026 at a CAGR of 13.2%.
Increasing digitization, adoption of IoT, and cloud computing environment contributed to the growth of the cloud-based ERP market.
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The cloud-based ERP market consists of sales of cloud-based ERP software and services by entities (organizations, sole traders, and partnerships) that refers to enterprise resource planning (ERP) systems that run on a cloud platform, allowing organizations to access it over the internet; opposite to an on-premises network. ERP software 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.
Global Cloud-Based ERP Market Segments Include:
By Component: Solution, Service
By Organization Size: Small and Medium-Sized Enterprises, Large Enterprises
By Development Model: Private Cloud, Public Cloud, Hybrid Cloud
By End-Use Industry: Automotive, Aerospace and Defense, Retail, Banking and Financial Services, IT and Telecommunication, Education, Government and Public Sectors, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the cloud-based ERP market in 2021.
The 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 technologies in cloud-based ERP systems will help in optimizing workflow, improving decision making and communication, enable better interaction between devices, monitors employee performance, easily accessible for the users, and digital assistance to an organization.
TBRC’s Cloud-Based ERP Market Report Covers:
Major Market Players: SAP SE, Microsoft Corporation, Oracle Corporation, IBM Corporation, Infor Inc, Sage Group plc, Aptean, Epicor Software Corporation, Acumatica, Inc., Ramco Systems Limited, Deltek, Plex Systems, Syspro, Unit4, QAD Inc., Workday, Inc, Netsuite Inc., Daffodil Software Ltd, FinancialForce, IQMS (Dassault Systemes), Rootstock Software, IFS AB, Genius Solutions, Inc., OpenPro, Inc., and Koch Industries, Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Cloud-Based ERP Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides cloud-based ERP market overviews, analyzes and forecasts market size, share, cloud-based ERP market players, cloud-based ERP market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s cloud-based ERP market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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