What Has Been The Progress And Size Of The Cloud-Based ERP Market In The Recent Past?
The cloud-based erp market has demonstrated strong growth in the recent past, bolstered by a rise in the transition to cloud computing and the need for increased scalability in enterprise resource planning (ERP).
• In 2024, the market size stood at $43.61 billion, growing to $46.14 billion in 2025, at an impressive CAGR of 5.8%.
Factors such as cost reduction and resource optimization, coupled with the predominance of software as a service (SaaS) models, have significantly influenced the market's progress.
How Will The Cloud-Based ERP Market Evolve In The Future?
The cloud-based ERP market is projected to continue its rapid growth trajectory in the coming years.
• The market size is estimated to ascend to $73.91 billion by 2029, with a robust CAGR of 12.5%.
The growth is poised to be driven by a surge in the demand for industry-specific cloud ERP solutions, an increased focus on cybersecurity in cloud-based ERP, and the expansion of cloud ERP in small and medium-sized enterprises (SMEs). Noteworthy trends indulging mobile ERP, blockchain integration, and a staunch focus on user experience are also expected to shape the market's future.
What Factors Are Driving The Expansion Of The Cloud-Based ERP Market?
The escalating digitization, IoT adoption, and cloud computing environment have largely contributed to the cloud-based ERP market share's expansion. Cloud ERP provides real-time information, facilitates vital business insights, improves decision-making, and enables better device interaction. Specifically, its affordability, combined with its availability on any device, is particularly advantageous for small to mid-sized businesses. A study by McKinsey reported a significant improvement in operational efficiencies and customer engagement metrics among companies investing in advanced technologies, including AI and machine learning, marking a 20% increase in productivity on average.
What Is The Outline Of The Cloud-Based ERP Market Segmentation?
The cloud-based ERP market covered in the report is profiled based on -
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
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Which Trends Are Shaping The Cloud-Based ERP Market?
Technological advancements are significantly shaping the cloud-based ERP market, enhancing the strength and utility of these solutions and services. For instance, in January 2023, ELO Digital Office GmbH launched three new integration solutions tailored for ERP and CRM systems, marking an important evolution of the company's portfolio. These solutions facilitate seamless communication between ELO's ECM Suite and the leading software environments, enhancing the user’s ability to store documents, transfer metadata, and initiate document-based processes directly from their ERP or CRM systems.
Who Are The Major Competitors In The Cloud-Based ERP Market?
The major competitors in the cloud-based ERP market include -
• SAP SE
• Microsoft Corporation
• Oracle Corporation
• IBM Corporation
• Infor Inc.
• Sage Group plc
What Is The Leading Region In The Cloud-Based ERP Market?
In 2024, North America dominated the cloud-based ERP market. The regions covered in the cloud-based ERP market report also encompass Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
