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Cloud ERP Market is expected to display the highest growth - Global Opportunity Analysis and Industry Forecast, 2019-2025
, January 16, 2020 ) Meticulous Research® – leading global market research company is researching on
cloud ERP market
titled “𝐂𝐥𝐨𝐮𝐝 𝐄𝐑𝐏 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐬 (𝐇𝐮𝐦𝐚𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭, 𝐒𝐚𝐥𝐞𝐬 𝐚𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠, 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 𝐚𝐧𝐝 𝐎𝐫𝐝𝐞𝐫 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 , 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠), 𝐄𝐧𝐝-𝐮𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 (𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞, 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 & 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬, 𝐑𝐞𝐭𝐚𝐢𝐥, 𝐈𝐓 𝐚𝐧𝐝 𝐓𝐞𝐥𝐞𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 & 𝐃𝐞𝐟𝐞𝐧𝐜𝐞, 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐏𝐮𝐛𝐥𝐢𝐜 𝐒𝐞𝐜𝐭𝐨𝐫𝐬, 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭(𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 & 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬), 𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 (𝐒𝐦𝐚𝐥𝐥 & 𝐌𝐞𝐝𝐢𝐮𝐦 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞𝐬 𝐚𝐧𝐝 𝐋𝐚𝐫𝐠𝐞 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞𝐬), 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 - 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟓”.
Increasing adoption of cloud-based services with integrated business management and on-demand access to computing services across the world are the key factors driving the global cloud ERP market. Cloud ERP is a shared database that supports several functions used across different business units that relies on the cloud rather than proprietary server infrastructure to support businesses to share information across segments. The need for empowering on-demand access to computing and large storing facilities are driving companies towards Cloud ERP. For instance, in 2017, Blackbaud, the world’s leading cloud software company, expanded partnership with Microsoft for pursuing non-profit cloud solutions to create high growth opportunities in the future market.
𝐆𝐞𝐭 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐩𝐫𝐞𝐦𝐢𝐮𝐦 𝐫𝐞𝐩𝐨𝐫𝐭: -
𝐓𝐡𝐞 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐢𝐬 𝐄𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐄𝐱𝐩𝐨𝐧𝐞𝐧𝐭𝐢𝐚𝐥 𝐆𝐫𝐨𝐰𝐭𝐡 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐏𝐞𝐫𝐢𝐨𝐝
Based on components, the Cloud ERP market is segmented into solutions and services. Among these, services are expected to be the fastest-growing segment in the market. The service sector is on the high growth trajectory, driven by enhanced adaptation of cloud computing, raising innovation accessible by digitalization technique, and financial applications. It also reduces redundant tasks, supplies process management, and improves the precision of financial data. These factors are creating the high growth opportunities which give a further push to the banking & financial services, retail, government and public sectors, and automotive, among others.
𝐁𝐚𝐧𝐤𝐢𝐧𝐠 & 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐢𝐬 𝐄𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐖𝐢𝐭𝐧𝐞𝐬𝐬 𝐭𝐡𝐞 𝐇𝐢𝐠𝐡𝐞𝐬𝐭 𝐂𝐀𝐆𝐑 𝐃𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐏𝐞𝐫𝐢𝐨𝐝
Based on the end-use industry, the banking & financial services segment of the Cloud ERP market is expected to grow at the highest rate in the coming years. Cloud ERP maintains operational efficiency and provides solutions and services that can benefit enterprises across the BFSI to compete with today’s digital world. It also minimizes huge infrastructure cost by providing business flexibility and professional and advisory services, which ultimately increases the growth opportunities for cloud-based ERP market during the forecast period.
𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜: 𝐓𝐡𝐞 𝐅𝐚𝐬𝐭𝐞𝐬𝐭 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭
Geographically, North America, comprising the U.S. and Canada, accounted for the largest share of the global market. However, Asia-Pacific is expected to witness rapid growth during the forecast period. The growth of this market is mainly attributed to the adoption of advanced technologies, such as cloud computing, artificial intelligence, big data analytics, IoT, machine learning, and digital transformation. The related rise in the use of new technological advancements and a surge in applications of cloud-based ERP in BFSI, government, and retail fields are majorly attributed to the large of share this region. For instance, in 2017, Oracle launched a GST acquiescent ERP cloud for India, which will help companies to prepare for the GST and the country’s transformational tax reforms. Moreover, the necessity for crystalline and efficient business processes in various industries is also anticipated to drive the growth of cloud-based ERP software market, especially in Asia-Pacific region.
The key players operating in the global cloud ERP market are Oracle Corporation (US), SAP SE (Germany), Workday (US), Ramco Systems (India), IQMS (US), Rootstock Software (US), Infor (US), Unit4 (Netherlands), Microsoft Corporation (US), Sage Software (UK), Acumatica (US), Deltek (US), Plex Systems (US), and QAD Inc (US).
𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐨𝐫 𝐬𝐡𝐚𝐫𝐞 𝐲𝐨𝐮𝐫 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐢𝐟 𝐚𝐧𝐲: -
𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭𝐬
1. Introduction to Cloud ERP Market
1.1. Market Definition
1.2. Scope of the Study
1.3. Global Cloud ERP Market Ecosystem
1.4. Currency & Limitation
1.5. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Analytics
3. Executive Summary
4. Market Insights
4.2. Market Dynamics
4.3. Market Share Analysis, By Key Players
4.4. Regulatory Analysis
5. Global Cloud ERP Market, by Function
5.1.1. Professional Services
5.1.2. Advisory Services
6. Global Cloud ERP Market, by End-Use Industry
6.2. Banking & Financial Services
6.4. IT and Telecommunication
6.5. Aerospace and Defense
6.6. Government and Public Sectors
7. Global Cloud ERP Market, by Component
7.1. Human Capital Management
7.2. Sales and Marketing
7.3. Inventory and Order Management
7.4. Finance and Accounting
8. Global Cloud ERP Market, by Organization
8.1. Small & Medium Enterprises
8.2. Large Enterprises
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐚𝐥𝐥 𝐠𝐫𝐚𝐩𝐡𝐬 𝐚𝐧𝐝 𝐜𝐡𝐚𝐫𝐭𝐬 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐭𝐨 𝐢𝐭𝐬: -
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