The Cloud-Based ERP by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Cloud-Based ERP Market:
https://www.thebusinessresearchcompany.com/report/cloud-based-erp-global-market-report-
According to The Business Research Company’s Cloud-Based ERP, The cloud-based erp market size has grown strongly in recent years. It will grow from $41.72 billion in 2023 to $44.63 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to transition to cloud computing, need for scalability in enterprise resource planning (erp), cost reduction and resource optimization, increased mobility and accessibility of data, growing awareness of software as a service (saas) models.
The cloud-based erp market size is expected to see strong growth in the next few years. It will grow to $64.56 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rise in demand for industry-specific cloud erp solutions, growing emphasis on cybersecurity in cloud-based erp, expansion of cloud erp in small and medium-sized enterprises (smes), advanced analytics, hybrid cloud adoption. Major trends in the forecast period include industry-specific solutions, mobile erp, blockchain integration, continuous updates and improvements, focus on user experience.
The growing digitization, IoT adoption, and cloud computing environment all contributed to the expansion of the cloud-based ERP market share. Cloud ERP provides real-time information, helps to gain vital business insights instantly, can improve decision-making in a business and enables better interaction between devices. Also, cloud-based ERP is an affordable option that enables employees to access the system from any device in small to mid-sized businesses. For instance, In January 2021, in a global survey, Software AG, an enterprise software company, announced that results of their global survey stated that 97% of global IT directors reported that their companies went through digital transformation in 2020 and also listed the areas of focus such as Cloud computing (67%), 5G (51%), AI (43%), and Integration (43%) that are of interest in 2021.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=5869&type=smp
The cloud-based erp market covered in this report is segmented –
1) By Component: Solution, Service
2) By Organization Size: Small And Medium-sized Enterprises, Large Enterprises
3) By Development Model: Private Cloud, Public Cloud, Hybrid Cloud
4) By End-Use Industry: Automotive, Aerospace And Defense, Retail, Banking And Financial Services, IT And Telecommunication, Education, Government And Public Sectors, Other End-Use Industries
Advancements in technology are significantly shaping the cloud-based ERP market. Advancements in technology are strengthening the growth of cloud-based ERP solutions and services. These cloud-based ERP system technologies will aid in optimizing workflow, improving decision-making and communication, enabling better device interaction, monitoring employee performance, being easily accessible to users, and providing digital assistance to an organization. For instance, in September 2021, Yonyou, a China-based cloud service, and enterprise resource planning (ERP) solutions provider launched the next-generation cloud ERP to enhance the business innovation platform. The newly launched Yonyou BIP is the upgraded architecture ‘1+3+X’, shifting from ‘All-in-One Suite’ to ‘Integrated Service Cluster’ to enhance the ERP solutions in HR, Business and Finance, covering ten major line-of-businesses sales and marketing, and financial services.
The cloud-based erp market report table of contents includes:
- Executive Summary
- Cloud-Based ERP Market Characteristics
- Cloud-Based ERP Market Trends And Strategies
- Cloud-Based ERP Market – Macro Economic Scenario
- Global Cloud-Based ERP Market Size and Growth
……………
- Global Cloud-Based ERP Market Competitive Benchmarking
- Global Cloud-Based ERP Market Competitive Dashboard
- Key Mergers And Acquisitions In The Cloud-Based ERP Market
- Cloud-Based ERP Market Future Outlook and Potential Analysis
- Appendix
Related Reports:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
