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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Cloud ERP Market Trends
Businesses are increasingly looking for cloud ERP (Enterprise Resource Planning) solutions that offer seamless integration capabilities with other cloud-based applications and services. This trend underscores the need for cohesive, interconnected systems that can streamline operations, enhance efficiency, and provide a unified view of the business. Integrating cloud ERP with CRM, eCommerce, SCM, and HR systems enables the free flow of data across different business functions and promotes the cloud ERP market development. This interconnectedness ensures that information is updated in real-time across all platforms, providing businesses with a holistic view of operations.
In August 2023, Shinhwa Auto announced that it is utilising a Public Cloud ERP (Enterprise Resource Planning) system to facilitate its growth strategy and operational requirements in North America. With the cloud-based approach, Shinhwa Auto's employees can access the ERP system from anywhere, at any time, as long as they have an internet connection. Such strategies enhance flexibility and enable real-time decision-making, which are crucial for companies seeking to expand across large markets.
Cloud ERP Market Report Snapshots
Cloud ERP Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market attained a value of nearly USD 68.09 billion.
The market is projected to grow at a CAGR of 15.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 247.04 billion by 2032.
The major drivers of the market are the surging availability of skilled workforce and the rising deployment of cloud ERP services in various end-use sectors.
The key trends propelling the market growth are the growing usage of cloud ERP software in finance and accounting and the rising demand for improved operational efficiency.
The major regions in the cloud ERP market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Services and solution are the major components of cloud ERP considered in the market report.
The several segments based on the business function of the product include finance and accounting, sales and marketing, and inventory and order management.
Large enterprises and small and medium-sized enterprises are the different organisation sizes considered in the market report.
The significant industries included in the market report are banking, financial services, and insurance, telecom, government and public sector, retail, manufacturing, aerospace and defence, education, and healthcare and life sciences, among others.
The major players in the market are IFS, Oracle Corporation, Microsoft Corporation, SAP, and Infor, among others.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124