The global cloud ERP market is expected to grow at an impressive growth rate over the forecast period. Major drivers contributing to the growth of the market include increasing need to optimize business process and resources more efficiently among others. In addition, increasing demand for more security and features such as disaster recovery plan and technological advancement in the area of IoT, AI and cloud computing is also augmenting the market growth. However, factors such as high operational cost in using cloud-based ERP and increasing risk data security may hamper the growth of the Cloud ERP market. Besides, surging adoption of cloud-based solutions is expected to promise growth opportunities for the market growth in the near future.

The global cloud ERP market can be segmented on the basis of application, end-user, and region. The adoption of ERP in government, educational, healthcare and many social institutions are promoting the growth of the market. On the basis of the application, it can be classified into finance and accounting, sales and marketing, inventory management, and others. The financial and accounting segment is expected to capture the major market due to the application of cloud ERP in a large number of financial processes such as payment management, budgeting and forecasting, real-time financial dashboards, reporting and analytics system, and many others. The marketing and sales segment is also expected to show high growth in the market. Furthermore, the report analyzes various end-users such as BFSI, manufacturing, defense, IT, and others that are contributing significantly towards the market growth.

The global cloud ERP market is further analyzed and segmented on the basis of regions into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to dominate the market in terms of market share. This is mainly due to the more penetration of ERP system due to early adoption and the presence of major market players such as Infor, Microsoft Corp. and Oracle Corp. Whereas, Asia-Pacific is considered to witness the fastest market growth in the global cloud ERP market during the forecast period. High growth opportunity due to the entry of multinational companies and the emergence of multiple small and medium enterprises in countries such as China, India, and Thailand are driving the market in this region.

Major market players operating in the global Cloud ERP market include IBM Corp., Infor, Microsoft Corp., Oracle Corp. and SAP SE among others. These companies adopt various strategies such as partnership & collaborations, finding a new market or product innovations in their core competency in order to stay competitive in the market. For instance, In April 2019, Oracle Corp. added a new program that will be used in planning and budgeting in its NetSuite portfolio. This will enable the enterprises to analyze the performance of the business in real time.

Research Methodology:

The market study of the global cloud ERP market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behaviour and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Authentic Public Databases
• Whitepapers, research-papers and news blogs
• Company websites and their product catalogue.

The report is intended for businesses, research organizations, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Global Cloud ERP Market Research and Analysis by Application
2. Global Cloud ERP Market Research and Analysis by End-User

The Report Covers:

• Comprehensive research methodology of the global cloud ERP market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global cloud ERP market.
• Insights about market determinants which are stimulating the global cloud ERP market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.