Cloud ERP Market Will Reach 29.84 Billion USD by 2021

Cloud ERP market categorizes the global market by component as solutions and services, by function as finance, marketing, sales, operations, by deployment mode, by organization size, by vertical, & by region.

(EMAILWIRE.COM, January 09, 2017 ) According to report \"Cloud ERP Market by Component (Solutions and Services), Function (Finance, Marketing, Sales, Operations, and Human Resource), Deployment Mode (Public, Private, and Hybrid), Organization Size, Vertical, and Region - Global Forecast to 2021\", the cloud ERP market size is estimated to grow from USD 18.52 Billion in 2016 to USD 29.84 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 10.0%.

Browse 78 market data tables and 51 figures spread through 171 pages and in-depth TOC on “Cloud ERP Market\"
Early buyers will receive 10% customization on this report.

The cloud ERP solutions and services help streamline business processes, increase efficiency & productivity, achieve more user-centric communication, and avoid redundancy. Moreover, increasing demand from Small and Medium Enterprises (SMEs) operating across diverse industry verticals and regions is expected to drive the market growth during the forecast period.

Download PDF Brochure

An increasing need for business process efficiency and transparency drives the cloud ERP market

The major forces driving the cloud ERP market include, an increasing need for operational efficiency, increasing awareness & adoption across SMEs and large enterprises working across various industry verticals, and implementation of cloud infrastructure & enterprise mobile applications. Cloud ERP is a technique to deploy ERP solutions that makes use of cloud computing platforms and services, providing businesses with more flexible business process transformation. Such solutions facilitate transparent and seamless integration of various modules, providing flow of information between all functions within the enterprise in a consistently visible manner.

The finance function segment to play a key role in the cloud ERP market

The finance ERP function segment is projected to grow at the highest CAGR during the forecast period, as deployment of such ERP applications in organizations will continue to grow. An ERP system is largely used for efficient management of financial functions such as financial consolidation, cash management along with activities related to management of fixed assets, payables and reciveable along with maintenace of general ledgers for the enterprise.

The operations ERP function segment is expected to have the largest market share and dominate the cloud ERP market from 2016 to 2021, due to growing demand for such solutions across manufacturing and related industry verticals.

The Banking, Financial Services, and Insurance (BFSI) vertical is expected to grow at the highest CAGR in the cloud ERP market

The manufacturing industry vertical is expected to contribute the largest market share in the cloud ERP market, as it requires efficient management of a large number of business processes, staring from procurement of raw materials to the distribution of finished goods. The BFSI sector is expected to grow at the highest CAGR from 2016 to 2021, in the cloud ERP market, due to the technological proliferation of banking and financial processes. Implementation of ERP solutions brings in the ease of handling and managing such critical financial transactions & processes, thus driving the demand.

North America expected to contribute the largest market share, whereas APAC is expected to grow the fastest

North America is expected to have the largest market share and dominate the cloud ERP market from 2016 to 2021, due to the presence of large number of cloud ERP solution vendors and early innovative technology adopters across the U.S. and Canada. APAC offers potential growth opportunities in the cloud ERP market, as there is a wide presence of SMEs that are turning towards such hosted ERP solutions to efficiently manage their business processes, particularly in developing countries such as India, China, and Singapore.

The major vendors in the cloud ERP market include Microsoft Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Infor (U.S.), Sage Software, Inc. (U.K.), Epicor Software Corporation (U.S.), Intacct Corporation (U.S.), Financialforce.com (U.S.), Plex Systems, Inc. (U.S.), and Ramco Systems (India).

Make an Inquiry

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the \"Growth Engagement Model – GEM\". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write \"Attack, avoid and defend\" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, \"RT\" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.