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Data Bridge Market Research has unveiled a new report called “Cloud Enterprise Resource Planning (ERP) Market“ which provides an in-depth exploration of growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive landscape. The Cloud Enterprise Resource Planning (ERP) marketing report offers an in-depth investigation of the market driving factors, opportunities, restraints, and challenges for obtaining crucial insight of the market. Such a brilliant report has been prepared by a team of enthusiastic analysts, skilled researchers, and experienced forecasters who work meticulously for the same. The wide-ranging market research report presents intelligent solutions to versatile business challenges and instigates an effortless decision-making process.
Data Bridge Market Research analyses that the cloud enterprise resource planning (ERP) market, valued at USD 53.57 billion in 2022, will reach USD 120.72 billion by 2030, growing at a CAGR of 10.69% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Key Opportunities:
- Growing investments by the government can create lucrative opportunities to grow.
Governments in different regions are developing various initiatives to support enterprise digital transformation. Additionally, businesses set up procedures for conducting business, rely on government guidance when adopting cutting-edge technology, and stop doing unnecessary tasks. For instance, SAP worked with the Ministry of Micro, Small, and Medium Enterprises (MSME) to introduce Bharat ERP, a program aimed at the digital empowerment of local small businesses. Such initiatives encourage businesses from various industries to adopt, implement, and switch to digital solutions, giving entrepreneurs investments to help their organizations grow.
Noteworthy Players Operating at Regional and Global Levels:
- Oracle (U.S.)
- Microsoft (U.S.)
- SAP (Germany)
- IFS (Sweden)
- (U.S.)
- Sage Group plc (U.K.)
- Workday, Inc. (U.S.)
- Plex (U.S.)
- Ramco Systems. (India)
- Epicor Software Corporation (U.S.)
- Tally Solutions Private Limited (India)
- Odoo (U.S.)
- SYSPRO (South Africa)
- Tyler Technologies (U.S.)
- MIE Solutions (U.S.)
- Genius Solution, Inc. (U.S.)
- Deltek, Inc. (U.S.)
- QAD Inc. (U.S.)
- VIENNA Advantage (Germany)
- Acumatica, Inc. (U.S.)
Recent Developments:
- In 202, Exact acquired Weclapp, a leading provider of cloud ERP software in the DACH region, from 3U Holding, a German holding company. Weclapp management would remain invested and would drive the business in the future.
- In 2022, T.D. Bank incorporated NetSuite’s Cloud-based ERP software to provide its customers with a comprehensive digital banking experience. T.D. Bank Incorporated cloud-based ERP software to create a one-stop shop to provide a much better experience for its clients.
- In 2022, Infor, a cloud-based software firm, collaborated with Syntellis Data and Intelligence, a performance solutions player in software solutions for enterprise performance management. Due to this collaboration, healthcare consumers can now contact Syntellis Axiom Healthcare Suite for intelligent planning and performance solutions.
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Global Cloud Enterprise Resource Planning (ERP) Market Segmentation:
Component
- Solution
- Software
- Service
- Professional Service
- Advisory Service
Product
- Implementation and Integration
- Advisory Services
- Support and Maintenance
- Managed Services
Development Model
- On Premise Enterprise Resource Planning
- Cloud Based Enterprise Resource Planning
- Private Cloud
- Public Cloud
- Hybrid Cloud
Function
- Operations
- Human Resource (HR)
- Sales and Marketing
- Supply chain
- Finance and Accounting
- Inventory and Order Management
- Customer Management
- Human Capital Management (HCM)
- Manufacturing Module
- Others
Organization Size
- Large Companies
- Small and Mid-Sized Businesses
End User
- Automotive
- Aerospace and Defense
- Healthcare and Life Sciences
- Manufacturing
- Retail and Consumer Goods
- Banking
- Financial Services
- Insurance
- Telecommunication and IT
- Government and Public Sector
- Education
- Energy and Utilities
- Others
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