Overview
Cloud Enterprise Resource Planning (ERP) Market size is estimated to reach $41.09 billion by 2025, after growing at a CAGR of 9% during the forecast period (2020-2025). Cloud ERP is a type of software as a service (SAAS) that provides increased accessibility through the internet, which enables the users to share and transfer data in real-time specifically across business departments. Factors such as the growing need for optimization of business process, effective resource utilization in the enterprises are attributing for the market demand of cloud ERP. This is because the integration of ERP and MES systems enables accessibility to gather data from the entire supply chain. On the other hand, overall equipment effectiveness (OEE) determines the effective usage of assets in a manufacturing execution systems and defines the manufacturing operations performance. In schools and colleges, the prevalence of ERP database management system is in a rise to handle and manage the academic and administrative system. All these factors are boosting the growth of the cloud ERP market.
Key Takeaways
- North America dominates the Cloud ERP market share owing to the increasing number of cloud ERP vendors in this region.
- The growing prominence of cloud ERP in managing BFSI business operations is playing a vital role in burgeoning the market growth of Cloud ERP.
- Increasing adoption of cost-effective technology by SMEs to stand ahead of the curve in the customer-centric economy. Therefore, this factor is driving the market demand for Cloud ERP.
Vertical - Segment Analysis
BFSI segment occupied the major
share in the cloud ERP market size, as of 2018. This is due to the rise in the
adoption of ERP solutions by the enterprises in BFSI vertical to develop their
day to day operations while maintaining operational efficiency. Moreover, these
cloud-based solutions offers notable benefits to enterprises in BFSI vertical,
which include business continuity, flexibility, and cost savings. The growing
focus of enterprises to deliver their online services online to digitally
connected customers coupled with the entry of FinTech companies resulted in the
disruption in BFSI. On the other hand, insurance companies are concentrating on
digital service offerings to customers which hold on these disruptions and
traditional banking. The cloud-based content management system supports varied
businesses to store and edit using a unified platform.
Organization Size - Segment Analysis
Geography - Segment Analysis
North America dominated the global Cloud ERP market share,
accounts for more than 32%, followed by Europe and APAC. It is owing to the
highest rate of adoption of cloud, analytics, IoT, big data, mobility, and
digital transformation technologies in the U.S., Canada, and Mexico. The
presence of more number of cloud ERP vendors, continuous technology
advancements by enterprises is contributing to the growth of the North America
cloud ERP market. This adoption is not only highlighting single region
share but also providing a significant number of opportunities to the cloud ERP
vendors across the globe to engage with effective business operations.
Drivers – Cloud ERP Industry Outlook
- Adoption of Cloud ERP - Economical Solution by SMB’s (small and medium-size businesses)
Cloud ERP sidesteps
up-front costs associated with computing infrastructure such as data servers and
hardware. And also, it
eliminates upfront payment for application software licenses instead it follows
a fixed monthly rate for the computing resources. It reduces IT support
services, as the data center provides IT support. Moreover, it assists the
cloud vendors in handling updates with low maintenance costs.
- Flexibility Offered by the Cloud ERP
Cloud ERP is
more flexible, can be switched among Apple iPads, Google Android, and Linux desktop
computer. This ERP
provides access to data all-time which supports the copy or transfer of the
data at any time. Hence, many small and medium-sized enterprises are adopting
cloud ERP with a safe & secure hosting provider to improve control and enhance
productivity with reduced costs.
Additionally, it fulfills the need for computing power and data storage
size during the business changes and also offers deployment options ranging
from SaaS, hosted in a private cloud, which can be switched according to needs. Data storage in the cloud avoids attacks on the company’s server. Thus, Provides accessibility of the
system from anywhere and supports the geographical expansion of a company.
Challenges – Cloud ERP Industry
- Management Challenges - Cloud ERP
The admins will face a control issue when the enterprise
moves offsite as it depends on the provider’s security. Furthermore, fewer
customization abilities compared to on-premises infrastructure and arise of
integration complexities while implementing new management processes for a
cloud ERP system hampering the growth of the cloud ERP market. Growth in the
enterprise demands cloud change, which leads to the purchase of additional
modules from vendors in order to experience uninterrupted cloud services. Thus,
these bugs has to clear to fuel the cloud ERP demand in the future.
Market Landscape
Product portfolio expansion is the key strategy adopted
by the major players in the cloud ERP market. In 2018, the market of cloud ERP has
been consolidated by the top five players accounting for 42% of the share. Epicor
Software Corporation, Financialforce, Infor, Microsoft Corporation, Oracle
Corporation, Plex Systems, Inc., Ramco Systems, Sage Software, Inc., SAP SE,
and Unit4 are Cloud ERP top 10 companies.
Product Portfolio Expansions
- In April 2019, Oracle added Netsuite ERP to its NetSuite portfolio, the best cloud ERP solution in the world. This provides a modern, scalable, and unified business management software platform for thousands of customers across hundreds of countries. Additionally, it offers planning and budgeting service which is flourishing the prominence of business management solution NetSuite.
- In September 2019, Oracle has updated SaaS tools especially, cloud ERP portfolio with added AI capabilities and industry-specific features. The new features of Oracle ERP Cloud application include expansion of Oracle digital assistant, intelligent document recognition, IoT monetization, expense reporting assistant, student financial planning for higher education, and joint venture accounting for Oil & Gas.
LIST OF TABLES
1.Global Cloud ERP Market Analysis By Component Market 2023-2030 ($M)1.1 Solutions Market 2023-2030 ($M) - Global Industry Research
1.2 Services Market 2023-2030 ($M) - Global Industry Research
1.2.1 Professional Services Market 2023-2030 ($M)
1.2.2 Managed Services Market 2023-2030 ($M)
2.Global Cloud ERP Market Analysis By Function Market 2023-2030 ($M)
2.1 Finance Market 2023-2030 ($M) - Global Industry Research
2.2 Marketing Market 2023-2030 ($M) - Global Industry Research
2.3 Sales Market 2023-2030 ($M) - Global Industry Research
2.4 Operations Market 2023-2030 ($M) - Global Industry Research
2.5 Human Resource Market 2023-2030 ($M) - Global Industry Research
3.Global Cloud ERP Market Analysis By Deployment Mode Market 2023-2030 ($M)
3.1 Public Cloud Market 2023-2030 ($M) - Global Industry Research
3.2 Private Cloud Market 2023-2030 ($M) - Global Industry Research
3.3 Hybrid Cloud Market 2023-2030 ($M) - Global Industry Research
4.Global Cloud ERP Market Analysis By Organization Size Market 2023-2030 ($M)
4.1 Small & Medium Enterprises Market 2023-2030 ($M) - Global Industry Research
4.2 Large Enterprises Market 2023-2030 ($M) - Global Industry Research
5.Global Cloud ERP Market Analysis By Vertical Market 2023-2030 ($M)
5.1 Manufacturing Market 2023-2030 ($M) - Global Industry Research
5.2 Government & Public Sectors Market 2023-2030 ($M) - Global Industry Research
5.3 Aerospace & Defense Market 2023-2030 ($M) - Global Industry Research
5.4 Education Market 2023-2030 ($M) - Global Industry Research
5.5 IT & Telecom Market 2023-2030 ($M) - Global Industry Research
5.6 Healthcare Market 2023-2030 ($M) - Global Industry Research
5.7 Retail Market 2023-2030 ($M) - Global Industry Research
6.Global Cloud ERP Market Analysis By Component Market 2023-2030 (Volume/Units)
6.1 Solutions Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Services Market 2023-2030 (Volume/Units) - Global Industry Research
6.2.1 Professional Services Market 2023-2030 (Volume/Units)
6.2.2 Managed Services Market 2023-2030 (Volume/Units)
7.Global Cloud ERP Market Analysis By Function Market 2023-2030 (Volume/Units)
7.1 Finance Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Marketing Market 2023-2030 (Volume/Units) - Global Industry Research
7.3 Sales Market 2023-2030 (Volume/Units) - Global Industry Research
7.4 Operations Market 2023-2030 (Volume/Units) - Global Industry Research
7.5 Human Resource Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global Cloud ERP Market Analysis By Deployment Mode Market 2023-2030 (Volume/Units)
8.1 Public Cloud Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 Private Cloud Market 2023-2030 (Volume/Units) - Global Industry Research
8.3 Hybrid Cloud Market 2023-2030 (Volume/Units) - Global Industry Research
9.Global Cloud ERP Market Analysis By Organization Size Market 2023-2030 (Volume/Units)
9.1 Small & Medium Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
9.2 Large Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
10.Global Cloud ERP Market Analysis By Vertical Market 2023-2030 (Volume/Units)
10.1 Manufacturing Market 2023-2030 (Volume/Units) - Global Industry Research
10.2 Government & Public Sectors Market 2023-2030 (Volume/Units) - Global Industry Research
10.3 Aerospace & Defense Market 2023-2030 (Volume/Units) - Global Industry Research
10.4 Education Market 2023-2030 (Volume/Units) - Global Industry Research
10.5 IT & Telecom Market 2023-2030 (Volume/Units) - Global Industry Research
10.6 Healthcare Market 2023-2030 (Volume/Units) - Global Industry Research
10.7 Retail Market 2023-2030 (Volume/Units) - Global Industry Research
11.North America Cloud ERP Market Analysis By Component Market 2023-2030 ($M)
11.1 Solutions Market 2023-2030 ($M) - Regional Industry Research
11.2 Services Market 2023-2030 ($M) - Regional Industry Research
11.2.1 Professional Services Market 2023-2030 ($M)
11.2.2 Managed Services Market 2023-2030 ($M)
12.North America Cloud ERP Market Analysis By Function Market 2023-2030 ($M)
12.1 Finance Market 2023-2030 ($M) - Regional Industry Research
12.2 Marketing Market 2023-2030 ($M) - Regional Industry Research
12.3 Sales Market 2023-2030 ($M) - Regional Industry Research
12.4 Operations Market 2023-2030 ($M) - Regional Industry Research
12.5 Human Resource Market 2023-2030 ($M) - Regional Industry Research
13.North America Cloud ERP Market Analysis By Deployment Mode Market 2023-2030 ($M)
13.1 Public Cloud Market 2023-2030 ($M) - Regional Industry Research
13.2 Private Cloud Market 2023-2030 ($M) - Regional Industry Research
13.3 Hybrid Cloud Market 2023-2030 ($M) - Regional Industry Research
14.North America Cloud ERP Market Analysis By Organization Size Market 2023-2030 ($M)
14.1 Small & Medium Enterprises Market 2023-2030 ($M) - Regional Industry Research
14.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
15.North America Cloud ERP Market Analysis By Vertical Market 2023-2030 ($M)
15.1 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
15.2 Government & Public Sectors Market 2023-2030 ($M) - Regional Industry Research
15.3 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
15.4 Education Market 2023-2030 ($M) - Regional Industry Research
15.5 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
15.6 Healthcare Market 2023-2030 ($M) - Regional Industry Research
15.7 Retail Market 2023-2030 ($M) - Regional Industry Research
16.South America Cloud ERP Market Analysis By Component Market 2023-2030 ($M)
16.1 Solutions Market 2023-2030 ($M) - Regional Industry Research
16.2 Services Market 2023-2030 ($M) - Regional Industry Research
16.2.1 Professional Services Market 2023-2030 ($M)
16.2.2 Managed Services Market 2023-2030 ($M)
17.South America Cloud ERP Market Analysis By Function Market 2023-2030 ($M)
17.1 Finance Market 2023-2030 ($M) - Regional Industry Research
17.2 Marketing Market 2023-2030 ($M) - Regional Industry Research
17.3 Sales Market 2023-2030 ($M) - Regional Industry Research
17.4 Operations Market 2023-2030 ($M) - Regional Industry Research
17.5 Human Resource Market 2023-2030 ($M) - Regional Industry Research
18.South America Cloud ERP Market Analysis By Deployment Mode Market 2023-2030 ($M)
18.1 Public Cloud Market 2023-2030 ($M) - Regional Industry Research
18.2 Private Cloud Market 2023-2030 ($M) - Regional Industry Research
18.3 Hybrid Cloud Market 2023-2030 ($M) - Regional Industry Research
19.South America Cloud ERP Market Analysis By Organization Size Market 2023-2030 ($M)
19.1 Small & Medium Enterprises Market 2023-2030 ($M) - Regional Industry Research
19.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
20.South America Cloud ERP Market Analysis By Vertical Market 2023-2030 ($M)
20.1 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
20.2 Government & Public Sectors Market 2023-2030 ($M) - Regional Industry Research
20.3 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
20.4 Education Market 2023-2030 ($M) - Regional Industry Research
20.5 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
20.6 Healthcare Market 2023-2030 ($M) - Regional Industry Research
20.7 Retail Market 2023-2030 ($M) - Regional Industry Research
21.Europe Cloud ERP Market Analysis By Component Market 2023-2030 ($M)
21.1 Solutions Market 2023-2030 ($M) - Regional Industry Research
21.2 Services Market 2023-2030 ($M) - Regional Industry Research
21.2.1 Professional Services Market 2023-2030 ($M)
21.2.2 Managed Services Market 2023-2030 ($M)
22.Europe Cloud ERP Market Analysis By Function Market 2023-2030 ($M)
22.1 Finance Market 2023-2030 ($M) - Regional Industry Research
22.2 Marketing Market 2023-2030 ($M) - Regional Industry Research
22.3 Sales Market 2023-2030 ($M) - Regional Industry Research
22.4 Operations Market 2023-2030 ($M) - Regional Industry Research
22.5 Human Resource Market 2023-2030 ($M) - Regional Industry Research
23.Europe Cloud ERP Market Analysis By Deployment Mode Market 2023-2030 ($M)
23.1 Public Cloud Market 2023-2030 ($M) - Regional Industry Research
23.2 Private Cloud Market 2023-2030 ($M) - Regional Industry Research
23.3 Hybrid Cloud Market 2023-2030 ($M) - Regional Industry Research
24.Europe Cloud ERP Market Analysis By Organization Size Market 2023-2030 ($M)
24.1 Small & Medium Enterprises Market 2023-2030 ($M) - Regional Industry Research
24.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
25.Europe Cloud ERP Market Analysis By Vertical Market 2023-2030 ($M)
25.1 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
25.2 Government & Public Sectors Market 2023-2030 ($M) - Regional Industry Research
25.3 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
25.4 Education Market 2023-2030 ($M) - Regional Industry Research
25.5 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
25.6 Healthcare Market 2023-2030 ($M) - Regional Industry Research
25.7 Retail Market 2023-2030 ($M) - Regional Industry Research
26.APAC Cloud ERP Market Analysis By Component Market 2023-2030 ($M)
26.1 Solutions Market 2023-2030 ($M) - Regional Industry Research
26.2 Services Market 2023-2030 ($M) - Regional Industry Research
26.2.1 Professional Services Market 2023-2030 ($M)
26.2.2 Managed Services Market 2023-2030 ($M)
27.APAC Cloud ERP Market Analysis By Function Market 2023-2030 ($M)
27.1 Finance Market 2023-2030 ($M) - Regional Industry Research
27.2 Marketing Market 2023-2030 ($M) - Regional Industry Research
27.3 Sales Market 2023-2030 ($M) - Regional Industry Research
27.4 Operations Market 2023-2030 ($M) - Regional Industry Research
27.5 Human Resource Market 2023-2030 ($M) - Regional Industry Research
28.APAC Cloud ERP Market Analysis By Deployment Mode Market 2023-2030 ($M)
28.1 Public Cloud Market 2023-2030 ($M) - Regional Industry Research
28.2 Private Cloud Market 2023-2030 ($M) - Regional Industry Research
28.3 Hybrid Cloud Market 2023-2030 ($M) - Regional Industry Research
29.APAC Cloud ERP Market Analysis By Organization Size Market 2023-2030 ($M)
29.1 Small & Medium Enterprises Market 2023-2030 ($M) - Regional Industry Research
29.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
30.APAC Cloud ERP Market Analysis By Vertical Market 2023-2030 ($M)
30.1 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
30.2 Government & Public Sectors Market 2023-2030 ($M) - Regional Industry Research
30.3 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
30.4 Education Market 2023-2030 ($M) - Regional Industry Research
30.5 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
30.6 Healthcare Market 2023-2030 ($M) - Regional Industry Research
30.7 Retail Market 2023-2030 ($M) - Regional Industry Research
31.MENA Cloud ERP Market Analysis By Component Market 2023-2030 ($M)
31.1 Solutions Market 2023-2030 ($M) - Regional Industry Research
31.2 Services Market 2023-2030 ($M) - Regional Industry Research
31.2.1 Professional Services Market 2023-2030 ($M)
31.2.2 Managed Services Market 2023-2030 ($M)
32.MENA Cloud ERP Market Analysis By Function Market 2023-2030 ($M)
32.1 Finance Market 2023-2030 ($M) - Regional Industry Research
32.2 Marketing Market 2023-2030 ($M) - Regional Industry Research
32.3 Sales Market 2023-2030 ($M) - Regional Industry Research
32.4 Operations Market 2023-2030 ($M) - Regional Industry Research
32.5 Human Resource Market 2023-2030 ($M) - Regional Industry Research
33.MENA Cloud ERP Market Analysis By Deployment Mode Market 2023-2030 ($M)
33.1 Public Cloud Market 2023-2030 ($M) - Regional Industry Research
33.2 Private Cloud Market 2023-2030 ($M) - Regional Industry Research
33.3 Hybrid Cloud Market 2023-2030 ($M) - Regional Industry Research
34.MENA Cloud ERP Market Analysis By Organization Size Market 2023-2030 ($M)
34.1 Small & Medium Enterprises Market 2023-2030 ($M) - Regional Industry Research
34.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
35.MENA Cloud ERP Market Analysis By Vertical Market 2023-2030 ($M)
35.1 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
35.2 Government & Public Sectors Market 2023-2030 ($M) - Regional Industry Research
35.3 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
35.4 Education Market 2023-2030 ($M) - Regional Industry Research
35.5 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
35.6 Healthcare Market 2023-2030 ($M) - Regional Industry Research
35.7 Retail Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Cloud Erp Market Revenue, 2023-2030 ($M)2.Canada Cloud Erp Market Revenue, 2023-2030 ($M)
3.Mexico Cloud Erp Market Revenue, 2023-2030 ($M)
4.Brazil Cloud Erp Market Revenue, 2023-2030 ($M)
5.Argentina Cloud Erp Market Revenue, 2023-2030 ($M)
6.Peru Cloud Erp Market Revenue, 2023-2030 ($M)
7.Colombia Cloud Erp Market Revenue, 2023-2030 ($M)
8.Chile Cloud Erp Market Revenue, 2023-2030 ($M)
9.Rest of South America Cloud Erp Market Revenue, 2023-2030 ($M)
10.UK Cloud Erp Market Revenue, 2023-2030 ($M)
11.Germany Cloud Erp Market Revenue, 2023-2030 ($M)
12.France Cloud Erp Market Revenue, 2023-2030 ($M)
13.Italy Cloud Erp Market Revenue, 2023-2030 ($M)
14.Spain Cloud Erp Market Revenue, 2023-2030 ($M)
15.Rest of Europe Cloud Erp Market Revenue, 2023-2030 ($M)
16.China Cloud Erp Market Revenue, 2023-2030 ($M)
17.India Cloud Erp Market Revenue, 2023-2030 ($M)
18.Japan Cloud Erp Market Revenue, 2023-2030 ($M)
19.South Korea Cloud Erp Market Revenue, 2023-2030 ($M)
20.South Africa Cloud Erp Market Revenue, 2023-2030 ($M)
21.North America Cloud Erp By Application
22.South America Cloud Erp By Application
23.Europe Cloud Erp By Application
24.APAC Cloud Erp By Application
25.MENA Cloud Erp By Application
26.Microsoft Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Oracle Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.SAP SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Infor, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Epicor Software Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Intacct Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Financialforce.Com, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Ramco Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)