Cloud ERP Market Scope
Cloud enterprise resource planning (ERP) is a software as a service (SaaS) which allows users to software applications that run on shared computing resources includes memory, disk storage, and processing power over the internet. It also provides organisations access to their business-critical applications at any time from any location. High penetration of cloud based deployment model across the globe is boosting the cloud ERP market growth in upcoming year.
According to AMA, the Global Cloud ERP market is expected to see growth rate of 8.1% and may see market size of USD39.6 Billion by 2027.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cloud ERP market throughout the predicted period.
Oracle (United States), SAP (Germany), Microsoft (United States), Infor (United States), Unit4 (Netherlands), Workday (United States), Sage Software (United Kingdom), Epicor (United States), QAD Inc (United States), Plex Systems (United States) and Acumatica (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Deltek (United States), Rootstock Software (United States), IQMS (United States) and Ramco Systems (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Cloud ERP market by Type (Private Cloud, Public Cloud and Hybrid Cloud), by Application (Oil and Gas, Transportation, Manufacturing, Financial Services, Healthcare, Retail and Other) and Region with country level break-up.
On the basis of geography, the market of Cloud ERP has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In October 2018, Blackbaud, a leading cloud software vendor, formed a partnership with Microsoft in developing cloud solutions targeting non-profit organizations.
n April 2019, Oracle enhanced its NetSuite portfolio with the addition of planning and budgeting service. The new service would be integrated with NetSuite, enabling enterprises to analyze performance in real time. and In March 2019, Oracle added AI capabilities to its cloud ERP portfolio. The new capabilities include expense reporting assistant and project management digital assistant.
Market Trend
- The Growth in Adoption of Cloud-Based ERP in Manufacturing, Government, and Retail Sector
Market Drivers
- Growing Demand Among Enterprises to Improve Operational Efficiency and Streamline Business Processes
- Increasing Adoption of Cloud-Based Solutions
Opportunities
- Advent of Big Data and Analytics
- Various Government Initiatives to Increase Digitalization Among Organizations in Developing Economies
Restraints
- Limited Customization Options for SaaS-Based ERP
- High Capex of PaaS-Based ERP
Challenges
- Integration Issue With Legacy and On-Premises Systems
Key Target Audience
Cloud ERP Service Providers, Cloud Service & Solution Providers, Government & Private Organization, End User and Others