Global Cloud ERP Market

Cloud ERP Market Size, Share, Growth Analysis, By Component(Solutions, Services (Professional Services (Integration & Implementation, Consulting & Advisory, Training), By Business Function(Finance & Accounting, Sales & Marketing, Operations, Human Resources), By Organization Size(Large Enterprises, SMEs ), By Deployment Mode(Public Cloud, Private Cloud ), By Vertical(BFSI, IT & Telecom, Government & Defense, Retail), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45F2151 | Region: Global | Published Date: September, 2024
Pages: 191 | Tables: 91 | Figures: 71

Cloud ERP Market Competitive Landscape

The global cloud ERP market is experiencing serious completion as the major market participants are concentrating on innovation, forming strategic alliances, and broadening the range of products offered. Companies that are at the forefront of the market include Oracle Corporation, SAP SE, Microsoft Corporation, Infor and Workday Inc. These players are propelling the growth of the market by means of cloud ERP system, artificial intelligence and vertical solutions. In addition, new players are also succeeding by going after SMEs which intensifies competition within the same industry and even in the different industries and markets.

Top Player’s Company Profiles

  • Microsoft 
  • SAP 
  • Workday 
  • IFS 
  • Sage Group 
  • Ramco Systems 
  • Priority 
  • Odoo 
  • SYSPRO 
  • Tyler Technologies 
  • Genius Solutions 
  • Vienna Advantage 
  • OpenPro 
  • Dassault Systèmes 
  • Azentio Software 
  • Global Shop Solutions 
  • Rootstock Software 
  • ECI Software Solutions 
  • Unit4

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Global Cloud ERP Market size was valued at around USD 64.12 Billion in 2022 and is expected to rise from USD 72.2 billion in 2023 to reach a value of USD 186.57 billion by 2031, at a CAGR of 12.6% over the forecast period (2024–2031).

The global cloud ERP market is experiencing serious completion as the major market participants are concentrating on innovation, forming strategic alliances, and broadening the range of products offered. Companies that are at the forefront of the market include Oracle Corporation, SAP SE, Microsoft Corporation, Infor and Workday Inc. These players are propelling the growth of the market by means of cloud ERP system, artificial intelligence and vertical solutions. In addition, new players are also succeeding by going after SMEs which intensifies competition within the same industry and even in the different industries and markets. 'Microsoft ', 'SAP ', 'Workday ', 'IFS ', 'Sage Group ', 'Ramco Systems ', 'Priority ', 'Odoo ', 'SYSPRO ', 'Tyler Technologies ', 'Genius Solutions ', 'Vienna Advantage ', 'OpenPro ', 'Dassault Systèmes ', 'Azentio Software ', 'Global Shop Solutions ', 'Rootstock Software ', 'ECI Software Solutions ', 'Unit4'

The emergence of digital transformation initiatives worldwide is one of the major factors fuelling the growth of the global cloud ERP market. Organizations in different sectors are turning towards cloud ERP solutions to redesign their operational processes, increase access to data, and simplify processes and promote better decision-making and improvement in efficiency in the competitive technology driven era of business. 

Rise of AI and Automation in Cloud ERP Solutions: The progression of technology in applications environments of cloud-based ERP systems has AI and automation capable of improving efficiency and decision-making processes. Businesses are adopting intelligent analytics, artificial intelligence and machine learning and automated processes to cut costs and enhance user experience therefore resulting into higher adoption of latest cloud ERP technologies in different business sectors. 

The global cloud ERP market is primarily dominated by North America. This is as the region is home to advanced technologies, has taken to the cloud ahead of many regions, and is inhabited by major ERP vendors such as Oracle, SAP, and Microsoft. This region has large multinational businesses especially in the manufacturing, healthcare, and retail sectors that are increasingly adopting cloud ERP systems for real-time analytics and efficiency of operations and expansion. Moreover, the necessity for compliance and increased data protection to up the adoption curve. The shift towards digitalization and automation, which is further propelled by large investments in cloud technologies and innovation, sets North America as one of the regions expected to experience cloud ERP growth and development at the highest velocity. 

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Global Cloud ERP Market

Report ID: SQMIG45F2151

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