Enterprise resource planning is a collective set of computer programs with shared business applications that cater to the needs of an entire organization rather than an individual user. It provides services such as automated billing system, human resource management, customer relationship management, finance, supply chain, and others. Over the past few years, the cloud-based deployment model for enterprise resource planning software has gained a significant momentum owing to cost-effective advantages of cloud platform and easy deployment. In addition, the role of cloud enterprise resource planning has changed from a back-office management to business process enhancement, which urged companies to modify their internal processes. This changing dynamic has significantly increased the demand for cloud enterprise resource planning solution among large- and small- & medium-sized organizations worldwide.
Low cost and limited expenditure on hardware or software drive the market growth. In addition, the need for process automation, growth toward price-sensitive cloud deployments, and rise in need of regulatory compliances for data sovereignty also boost the market. Further, rapid changes in business models and developments in cloud trend are expected to offer considerable growth opportunities for the cloud enterprise resource planning market.
The cloud-based ERP market is segmented based on component, function, end user, industry vertical, and region. By component, the market is categorized into software and services. Services segment is further studied across professional and managed services. As per function the market is segmented into finance, HR, supply chain, and others. Based in end user the market is segmented into large, mid-size, and small organization. Based on industry vertical, it is classified into manufacturing & services, BFSI, healthcare, retail, government, aerospace & defense, IT & telecom, and others. Based on region, the cloud-based ERP market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in the report cloud-based ERP market include Oracle, IBM, Microsoft, SAP SE, Sage Group Plc., Aptean, Epicor Software Corp., Infor, Syspro, Unit4, and others.
KEY BENEFITS FOR STAKEHOLDERS
In-depth analysis of the global cloud-based ERP market along with its dynamics is provided to understand the market scenario.
Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.
Porter’s Five Forces analysis examines the competitive structure of the cloud-based ERP market and provides a clear understanding of the factors that influence the market expansion.
A detailed analysis of the geographical segments enables identification of profitable segments for market players.
Comprehensive analysis of the trends, subsegments, and key revenue pockets are provided in the report.
Detailed analysis of the key players operating in the global cloud-based ERP market and their business strategies are anticipated to assist stakeholders to take informed business decisions.
KEY MARKET SEGMENTS
By Component
Software
Services
By Function
Finance
HR
Supply Chain
Others
By End User
Large Organization
Mid-size Organization
Small Organization
By Industry Vertical
Manufacturing & Services
BFSI
Healthcare
Retail
Government
Aerospace & Defense
IT & Telecom
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
The key players profiled in the report are as follows:
IBM Corporation
Oracle Corporation
SAP SE
Infor
Aptean
Microsoft
Sage Group Plc
Epicor Software Corporation
Syspro
Unit4
Low cost and limited expenditure on hardware or software drive the market growth. In addition, the need for process automation, growth toward price-sensitive cloud deployments, and rise in need of regulatory compliances for data sovereignty also boost the market. Further, rapid changes in business models and developments in cloud trend are expected to offer considerable growth opportunities for the cloud enterprise resource planning market.
The cloud-based ERP market is segmented based on component, function, end user, industry vertical, and region. By component, the market is categorized into software and services. Services segment is further studied across professional and managed services. As per function the market is segmented into finance, HR, supply chain, and others. Based in end user the market is segmented into large, mid-size, and small organization. Based on industry vertical, it is classified into manufacturing & services, BFSI, healthcare, retail, government, aerospace & defense, IT & telecom, and others. Based on region, the cloud-based ERP market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in the report cloud-based ERP market include Oracle, IBM, Microsoft, SAP SE, Sage Group Plc., Aptean, Epicor Software Corp., Infor, Syspro, Unit4, and others.
KEY BENEFITS FOR STAKEHOLDERS
In-depth analysis of the global cloud-based ERP market along with its dynamics is provided to understand the market scenario.
Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.
Porter’s Five Forces analysis examines the competitive structure of the cloud-based ERP market and provides a clear understanding of the factors that influence the market expansion.
A detailed analysis of the geographical segments enables identification of profitable segments for market players.
Comprehensive analysis of the trends, subsegments, and key revenue pockets are provided in the report.
Detailed analysis of the key players operating in the global cloud-based ERP market and their business strategies are anticipated to assist stakeholders to take informed business decisions.
KEY MARKET SEGMENTS
By Component
Software
Services
By Function
Finance
HR
Supply Chain
Others
By End User
Large Organization
Mid-size Organization
Small Organization
By Industry Vertical
Manufacturing & Services
BFSI
Healthcare
Retail
Government
Aerospace & Defense
IT & Telecom
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
The key players profiled in the report are as follows:
IBM Corporation
Oracle Corporation
SAP SE
Infor
Aptean
Microsoft
Sage Group Plc
Epicor Software Corporation
Syspro
Unit4
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CLOUD-BASED ERP MARKT BY COMPONENT
CHAPTER 5: CLOUD-BASED ERP MARKT BY FUNCTION
CHAPTER 6: CLOUD-BASED ERP MARKT BY END USER
CHAPTER 7: CLOUD-BASED ERP MARKT BY INDUSTRY VERTICAL
CHAPTER 8: CLOUD-BASED ERP MARK BY GEOGRAPHY
CHAPTER 9: COMPANY PROFILES
Executive Summary
According to a new report titled, Cloud-based ERP Market by Component, Function, End User, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global cloud-based ERP market was valued at $13,238 million in 2016, and is projected to reach $32,184 million by 2023, growing at a CAGR of 13.6% from 2017 to 2023. The services segment is anticipated to grow at the highest rate during the forecast period.North America market generated the highest share of revenue in the global cloud-based ERP market in 2016 owing to technological advancements and a rise in applications of cloud-based ERP in manufacturing, government, and retail fields. The Asia-Pacific cloud-based ERP market is expected to grow at the highest rate, followed by LAMEA during the forecast period. Need for transparent and modernized manufacturing processes in diverse industries is expected to drive the growth of cloud-based ERP software in Asia-Pacific.
The software segment contributed the highest share in 2016. This segment accounted for $8,211 million in 2016 and is projected to grow at the CAGR of 12.8% during the forecast period. The cloud-based ERP market for managed services is projected to grow at the highest rate of 14.8%.
Other functions segment generated maximum share of revenue in 2016 and is expected to dominate the market throughput the forecast period at the CAGR of 16.8%. Cloud-based ERP market for finance is expected to witness highest CAGR of 17.7% during the forecast period, followed by retail.
The report features a competitive scenario of the global cloud-based ERP industry and provides a comprehensive analysis of key growth strategies adopted by major players. The key players profiled in the study are Oracle, IBM, Microsoft, SAP SE, Sage Group Plc., Aptean, Epicor Software Corp., Infor, Syspro, Unit4 and others. These players have adopted competitive strategies, such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations, to augment the growth of the cloud-based ERP market.
Key findings of the Cloud-based ERP Market:
The software segment accounted for the highest share of the global cloud-based ERP industry by component in 2016, growing at a CAGR of 12.8% from 2017 to 2023.
The professional services segment by services generated the highest revenue share in 2016 and is projected to grow at a rate of 16.8%.
The North America cloud-based ERP market generated the highest share, valued at $5,375 million, in terms of revenue in 2016.
The cloud-based ERP market in finance is expected to witness growth during the forecast period.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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