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%.
What is the Global Cloud-Based ERP Market?
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.
Get a Sample of the global cloud-based ERP market report
https://www.thebusinessresearchcompany.com/sample.aspx?id=5869&type=smp
What drives the Global Cloud-Based ERP Market?
Increasing digitization, adoption of IoT, and cloud computing environment contributed to the growth of the cloud-based ERP market. Cloud ERP provides real-time information, helps to gain vital business insights instantaneously, can improve decision-making in a business and enable better interaction between devices. Also, cloud-based ERP is an affordable option that enables employees to access the system from any device in small to mid-sized businesses. For instance, In January 2021, in a global survey, Software AG, an enterprise software company announced that results of their global survey stating that 97% of global IT directors reported that their companies went through digital transformation in 2020 and also, they listed the areas of focus such as Cloud computing (67%), 5G (51%), AI (43%) and Integration (43%) that are of interest in 2021.
Get the full global cloud-based ERP industry report here
https://www.thebusinessresearchcompany.com/report/cloud-based-erp-global-market-report
Global Cloud-Based ERP Market Segments
The global cloud-based ERP market is segmented:
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 regions covered in the cloud-based ERP market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Cloud-Based ERP Global Market Report 2022provides market size and growth forecasts for the global cloud-based ERP market, global cloud-based ERP market share, cloud-based ERP market segments and geographies, cloud-based ERP market competitive landscape including leading competitors’ revenues, profiles and market shares. The cloud-based ERP market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Cloud-Based ERP Industry Playersinclude 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. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
