Product Code: TIPRE00004366
The cloud ERP market is expected to grow from US$ 27.59 billion in 2022 and is expected to reach US$ 108.17 billion by 2030; it is estimated to record a CAGR of 18.6% from 2022 to 2030.
The reach of ERP solutions has expanded from traditional solutions to support most business functions and manufacturing to front-office functions such as marketing automation, sales force automation (SFA), and e-commerce. ERP systems with integrated artificial intelligence and machine learning capabilities assist in fulfilling the growing need for personalization and enhance a variety of business operations in the background. In the past, businesses could add AI functionality to select ERP systems, but manufacturers are now offering ERP software products that are already embedded with AI features. Organizations rely on AI to deliver insightful business decisions based on the vast amounts of operational and customer data they collect. AI technologies can scan large volumes of unstructured data, swiftly recognizing patterns and forecasting different trends that are impossible to detect by processing numerical data alone. AI helps to improve and automate a whole range of processes. For instance, a just-in-time inventory strategy is implemented with the intent to deliver components to minimize inventory carrying costs. AI, in the form of ML, can optimize labor schedules and supply delivery to increase productivity and lower costs. IFS's Global Enterprise Software Solution Provider study found that 40% of manufacturers planned to implement AI for inventory logistics and planning, and 36% intended to use it for customer relationship management and production scheduling. Therefore, technological advancements are likely to bring new trends into the cloud ERP market in the coming years.
Various players operating in the cloud ERP market are expanding their presence in APAC to enhance and support the digitalization process for their customers. For instance, in August 2021, ACUMATICA, INC, a cloud ERP solutions provider, announced ACUMATICA INC's accelerated expansion across APAC to enhance support channels and better serve their customers in South Asia with a focus on Sri Lanka. Through Acumatica's strong partner ecosystem and its international workforce, customers across South Asia will benefit from increased regional support for deployment and product feature updates, as well as time-sensitive issue resolution.
In countries such as India, the increasing digitalization of SMEs accelerates the adoption of cloud ERP. In August 2023, according to the Digitalization of Indian SMEs survey by software review and selection platform Capterra India, a significant trend emerged among SMEs in India, with 88% of them now having a digitalization strategy in place. In Asia Pacific, various cloud ERP providers are expanding their presence to streamline the work processes of midsized companies. For instance, in April 2023, SAP SE announced a new product, "GROW with SAP," for Indian customers. This is a new product designed to help midsize customers deploy cloud ERP that enables speed, predictability, and continuous innovation. The GROW with SAP offering also integrates SAP S/4HANA Cloud, a public edition with accelerated deployment services, a global community of experts, and free learning resources. Thus, all the above factors are fueling the cloud ERP market growth in APAC.
Acumatica Inc, Infor Inc, Microsoft Corp, Oracle Corp, Sage Group Plc, SAP SE, Workday Inc, SYSPRO Proprietary Ltd, Epicor Software Corp, and Unit4 Group Holding BV are among the key cloud ERP market players profiled in this market study. Several other essential cloud ERP market players were analyzed for a holistic view of the market and its ecosystem.
The overall cloud ERP market size has been derived using both primary and secondary sources. To begin the cloud ERP market research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the cloud ERP market. The process also serves the purpose of obtaining an overview and market forecast of the cloud ERP market growth with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights about the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the cloud ERP market.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the cloud ERP market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the cloud ERP market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Cloud ERP Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain:
5. Cloud ERP Market - Key Industry Dynamics
- 5.1 Drivers
- 5.1.1 Increasing Organizational Needs to Improve Staff Productivity and Efficiency
- 5.1.2 Rising Adoption of Cloud ERP Solutions Across Various Verticals
- 5.2 Restraints
- 5.2.1 Availability of Limited Customized Options for SaaS ERP Solutions
- 5.2.2 Possibility of Security Breach Issues
- 5.3 Opportunity
- 5.3.1 Increasing Government Initiatives for Digitalization of SMEs
- 5.3.2 Use of Mobile and Cloud Applications
- 5.4 Trends
- 5.4.1 Technological Advancements
- 5.4.2 Growing Implementation of Two-Tier ERP Systems
- 5.5 Impact of Drivers and Restraints:
6. Cloud ERP Market - Global Market Analysis
- 6.1 Cloud ERP Market Overview
- 6.2 Cloud ERP Market Revenue (US$ Million), 2022 - 2030
- 6.3 Cloud ERP Market Forecast and Analysis
7. Cloud ERP Market Analysis - Business Function
- 7.1 Finance and Accounting
- 7.1.1 Overview
- 7.1.2 Finance and Accounting Market Revenue and Forecasts To 2030 (US$ Million)
- 7.2 Sales and Marketing
- 7.2.1 Overview
- 7.2.2 Sales and Marketing Market Revenue and Forecasts To 2030 (US$ Million)
- 7.3 Inventory and Order Management
- 7.3.1 Overview
- 7.3.2 Inventory and Order Management Market Revenue and Forecasts To 2030 (US$ Million)
- 7.4 Human Capital Management
- 7.4.1 Overview
- 7.4.2 Human Capital Management Market Revenue and Forecasts To 2030 (US$ Million)
- 7.5 Others
- 7.5.1 Overview
- 7.5.2 Others Market Revenue and Forecasts To 2030 (US$ Million)
8. Cloud ERP Market Analysis - Organization Size
- 8.1 Large Enterprises
- 8.1.1 Overview
- 8.1.2 Large Enterprises Market Revenue and Forecasts To 2030 (US$ Million)
- 8.2 SMEs
- 8.2.1 Overview
- 8.2.2 SMEs Market Revenue and Forecasts To 2030 (US$ Million)
9. Cloud ERP Market Analysis - Vertical
- 9.1 Manufacturing
- 9.1.1 Overview
- 9.1.2 Manufacturing Market Revenue and Forecasts To 2030 (US$ Million)
- 9.2 IT and Telecom
- 9.2.1 Overview
- 9.2.2 IT and Telecom Market Revenue and Forecasts To 2030 (US$ Million)
- 9.3 BFSI
- 9.3.1 Overview
- 9.3.2 BFSI Market Revenue and Forecasts To 2030 (US$ Million)
- 9.4 Healthcare
- 9.4.1 Overview
- 9.4.2 Healthcare Market Revenue and Forecasts To 2030 (US$ Million)
- 9.5 Retail
- 9.5.1 Overview
- 9.5.2 Retail Market Revenue and Forecasts To 2030 (US$ Million)
- 9.6 Government
- 9.6.1 Overview
- 9.6.2 Government Market Revenue and Forecasts To 2030 (US$ Million)
- 9.7 Aerospace and Defense
- 9.7.1 Overview
- 9.7.2 Aerospace and Defense Market Revenue and Forecasts To 2030 (US$ Million)
- 9.8 Others
- 9.8.1 Overview
- 9.8.2 Others Market Revenue and Forecasts To 2030 (US$ Million)
10. Cloud ERP Market - Geographical Analysis
- 10.1 North America
- 10.1.1 North America Cloud ERP Market Overview
- 10.1.2 North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.1.3 North America Cloud ERP Market Breakdown by Business Function
- 10.1.3.1 North America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) - By Business Function
- 10.1.4 North America Cloud ERP Market Breakdown by Organization Size
- 10.1.4.1 North America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) - By Organization Size
- 10.1.5 North America Cloud ERP Market Breakdown by Vertical
- 10.1.5.1 North America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) - By Vertical
- 10.1.6 North America Cloud ERP Market Revenue and Forecasts and Analysis - By Countries
- 10.1.6.1 US Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.1.6.1.1 US Cloud ERP Market Breakdown by Business Function
- 10.1.6.1.2 US Cloud ERP Market Breakdown by Organization Size
- 10.1.6.1.3 US Cloud ERP Market Breakdown by Vertical
- 10.1.6.2 Canada Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.1.6.2.1 Canada Cloud ERP Market Breakdown by Business Function
- 10.1.6.2.2 Canada Cloud ERP Market Breakdown by Organization Size
- 10.1.6.2.3 Canada Cloud ERP Market Breakdown by Vertical
- 10.1.6.3 Mexico Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.1.6.3.1 Mexico Cloud ERP Market Breakdown by Business Function
- 10.1.6.3.2 Mexico Cloud ERP Market Breakdown by Organization Size
- 10.1.6.3.3 Mexico Cloud ERP Market Breakdown by Vertical
- 10.2 Europe
- 10.2.1 Europe Cloud ERP Market Overview
- 10.2.2 Europe Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.2.3 Europe Cloud ERP Market Breakdown by Business Function
- 10.2.3.1 Europe Cloud ERP Market Revenue and Forecasts and Analysis - By Business Function
- 10.2.4 Europe Cloud ERP Market Breakdown by Organization Size
- 10.2.4.1 Europe Cloud ERP Market Revenue and Forecasts and Analysis - By Organization Size
- 10.2.5 Europe Cloud ERP Market Breakdown by Vertical
- 10.2.5.1 Europe Cloud ERP Market Revenue and Forecasts and Analysis - By Vertical
- 10.2.6 Europe Cloud ERP Market Revenue and Forecasts and Analysis - By Countries
- 10.2.6.1 France Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.2.6.1.1 France Cloud ERP Market Breakdown by Business Function
- 10.2.6.1.2 France Cloud ERP Market Breakdown by Organization Size
- 10.2.6.1.3 France Cloud ERP Market Breakdown by Vertical
- 10.2.6.2 Germany Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.2.6.2.1 Germany Cloud ERP Market Breakdown by Business Function
- 10.2.6.2.2 Germany Cloud ERP Market Breakdown by Organization Size
- 10.2.6.2.3 Germany Cloud ERP Market Breakdown by Vertical
- 10.2.6.3 UK Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.2.6.3.1 UK Cloud ERP Market Breakdown by Business Function
- 10.2.6.3.2 UK Cloud ERP Market Breakdown by Organization Size
- 10.2.6.3.3 UK Cloud ERP Market Breakdown by Vertical
- 10.2.6.4 Italy Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.2.6.4.1 Italy Cloud ERP Market Breakdown by Business Function
- 10.2.6.4.2 Italy Cloud ERP Market Breakdown by Organization Size
- 10.2.6.4.3 Italy Cloud ERP Market Breakdown by Vertical
- 10.2.6.5 Russia Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.2.6.5.1 Russia Cloud ERP Market Breakdown by Business Function
- 10.2.6.5.2 a Cloud ERP Market Breakdown by Organization Size
- 10.2.6.5.3 Russia Cloud ERP Market Breakdown by Vertical
- 10.2.6.6 Rest of Europe Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.2.6.6.1 Rest of Europe Cloud ERP Market Breakdown by Business Function
- 10.2.6.6.2 Rest of Europe Cloud ERP Market Breakdown by Organization Size
- 10.2.6.6.3 Rest of Europe Cloud ERP Market Breakdown by Vertical
- 10.3 Asia Pacific Cloud ERP Market
- 10.3.1 Overview
- 10.3.2 Asia Pacific Cloud ERP Market Revenue and Forecasts To 2030 (US$ Million)
- 10.3.3 Asia Pacific Cloud ERP Market Breakdown by Business Function
- 10.3.3.1 Asia Pacific Cloud ERP Market Revenue and Forecasts and Analysis - By Business Function
- 10.3.4 Asia Pacific Cloud ERP Market Breakdown by Organization Size
- 10.3.4.1 Asia Pacific Cloud ERP Market Revenue and Forecasts and Analysis - By Organization Size
- 10.3.5 Asia Pacific Cloud ERP Market Breakdown by Vertical
- 10.3.5.1 Asia Pacific Cloud ERP Market Revenue and Forecasts and Analysis - By Vertical
- 10.3.6 Cloud ERP market Breakdown by Countries
- 10.3.6.1 Australia Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.3.6.1.1 Australia Cloud ERP Market Breakdown by Business Function
- 10.3.6.1.2 Australia Cloud ERP Market Breakdown by Organization Size
- 10.3.6.1.3 Australia Cloud ERP Market Breakdown by Vertical
- 10.3.6.2 China Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.3.6.2.1 China Cloud ERP Market Breakdown by Business Function
- 10.3.6.2.2 China Cloud ERP Market Breakdown by Organization Size
- 10.3.6.2.3 China Cloud ERP Market Breakdown by Vertical
- 10.3.6.3 India Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.3.6.3.1 India Cloud ERP Market Breakdown by Business Function
- 10.3.6.3.2 India Cloud ERP Market Breakdown by Organization Size
- 10.3.6.3.3 India Cloud ERP Market Breakdown by Vertical
- 10.3.6.4 Japan Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.3.6.4.1 Japan Cloud ERP Market Breakdown by Business Function
- 10.3.6.4.2 Japan Cloud ERP Market Breakdown by Organization Size
- 10.3.6.4.3 Japan Cloud ERP Market Breakdown by Vertical
- 10.3.6.5 South Korea Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.3.6.5.1 South Korea Cloud ERP Market Breakdown by Business Function
- 10.3.6.5.2 South Korea Cloud ERP Market Breakdown by Organization Size
- 10.3.6.5.3 South Korea Cloud ERP Market Breakdown by Vertical
- 10.3.6.6 Rest of Asia Pacific Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.3.6.6.1 Rest of Asia Pacific Cloud ERP Market Breakdown by Business Function
- 10.3.6.6.2 Rest of Asia Pacific Cloud ERP Market Breakdown by Organization Size
- 10.3.6.6.3 Rest of Asia Pacific Cloud ERP Market Breakdown by Vertical
- 10.4 Middle East & Africa
- 10.4.1 Middle East & Africa Cloud ERP Market Overview
- 10.4.2 Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Million)
- 10.4.3 Middle East & Africa Cloud ERP Market Breakdown by Business Function
- 10.4.3.1 Middle East & Africa Cloud ERP Market and Forecasts and Analysis - By Business Function
- 10.4.4 Middle East & Africa Cloud ERP Market Breakdown by Organization Size
- 10.4.4.1 Middle East & Africa Cloud ERP Market and Forecasts and Analysis - By Organization Size
- 10.4.5 Middle East & Africa Cloud ERP Market Breakdown by Vertical
- 10.4.5.1 Middle East & Africa Cloud ERP Market and Forecasts and Analysis - By Vertical
- 10.4.6 Middle East & Africa Cloud ERP Market Revenue and Forecasts and Analysis - By Countries
- 10.4.6.1 South Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.4.6.1.1 South Africa Cloud ERP Market Breakdown by Business Function
- 10.4.6.1.2 South Africa Cloud ERP Market Breakdown by Organization Size
- 10.4.6.1.3 South Africa Cloud ERP Market Breakdown by Vertical
- 10.4.6.2 Saudi Arabia Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.4.6.2.1 Saudi Arabia Cloud ERP Market Breakdown by Business Function
- 10.4.6.2.2 Saudi Arabia Cloud ERP Market Breakdown by Organization Size
- 10.4.6.2.3 Saudi Arabia Cloud ERP Market Breakdown by Vertical
- 10.4.6.3 UAE Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.4.6.3.1 UAE Cloud ERP Market Breakdown by Business Function
- 10.4.6.3.2 UAE Cloud ERP Market Breakdown by Organization Size
- 10.4.6.3.3 UAE Cloud ERP Market Breakdown by Vertical
- 10.4.6.4 Rest of Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.4.6.4.1 Rest of Middle East & Africa Cloud ERP Market Breakdown by Business Function
- 10.4.6.4.2 Rest of Middle East & Africa Cloud ERP Market Breakdown by Organization Size
- 10.4.6.4.3 Rest of Middle East & Africa Cloud ERP Market Breakdown by Vertical
- 10.5 South & Central America
- 10.5.1 South & Central America Cloud ERP Market Overview
- 10.5.2 South & Central America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Million)
- 10.5.3 South & Central America Cloud ERP Market Breakdown by Business Function
- 10.5.3.1 South & Central America Cloud ERP Market and Forecasts and Analysis - By Business Function
- 10.5.4 South & Central America Cloud ERP Market Breakdown by Organization Size
- 10.5.4.1 South & Central America Cloud ERP Market Revenue and Forecasts and Analysis - By Organization Size
- 10.5.5 South & Central America Cloud ERP Market Breakdown by Vertical
- 10.5.5.1 South & Central America Cloud ERP Market Revenue and Forecasts and Analysis - By Vertical
- 10.5.6 South & Central America Cloud ERP Market Revenue and Forecasts and Analysis - By Countries
- 10.5.6.1 Brazil Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.5.6.1.1 Brazil Cloud ERP Market Breakdown by Business Function
- 10.5.6.1.2 Brazil Cloud ERP Market Breakdown by Organization Size
- 10.5.6.1.3 Brazil Cloud ERP Market Breakdown by Vertical
- 10.5.6.2 Argentina Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.5.6.2.1 Argentina Cloud ERP Market Breakdown by Business Function
- 10.5.6.2.2 Argentina Cloud ERP Market Breakdown by Organization Size
- 10.5.6.2.3 Argentina Cloud ERP Market Breakdown by Vertical
- 10.5.6.3 Rest of South & Central America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.5.6.3.1 Rest of South & Central America Cloud ERP Market Breakdown by Business Function
- 10.5.6.3.2 Rest of South & Central America Cloud ERP Market Breakdown by Organization Size
- 10.5.6.3.3 Rest of South & Central America Cloud ERP Market Breakdown by Vertical
11. Cloud ERP Market - Impact of COVID-19 Pandemic
- 11.1 Pre & Post Covid-19 Impact
12. Competitive Landscape
- 12.1 Heat Map Analysis By Key Players
- 12.2 Company Positioning & Concentration
13. Industry Landscape
- 13.1 Overview
- 13.2 Market Initiative
- 13.3 Product Development
- 13.4 Mergers & Acquisitions
14. Company Profiles
- 14.1 ACUMATICA, INC
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
- 14.2 INFOR INC
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
- 14.3 MICROSOFT CORP
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
- 14.4 ORACLE CORP
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
- 14.5 SAGE GROUP PLC
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
- 14.6 SAP SE
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
- 14.7 WORKDAY INC
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
- 14.8 SYSPRO PROPRIETARY LTD
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
- 14.9 EPICOR SOFTWARE CORP
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
- 14.10 UNIT4 GROUP HOLDING BV
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments
15. Appendix