Enterprise resource planning (ERP) solutions help businesses manage their operations and processes effectively. Today's business functions of an ERP solution have progressed from simple planning and assistance operations to full business process integration, involving crucial tasks like hiring and decision-making. Additionally, the best outcomes in the cloud-based market are being produced by banking, finance solutions, and services. Numerous small- and large-scale deployments are included with integrating ERP in the banking sector. These modules can be changed to suit the organization's requirements.
According to Data Bridge Market Research, Cloud Enterprise Resource Planning (ERP) Market is valued at USD 53.57 billion in 2022, will reach USD 120.72 billion by 2030, growing at a CAGR of 10.69% during the forecast period of 2023 to 2030.
"Data-driven decision-making surge market demand"
Cloud ERP solutions play a crucial role in enabling data-driven decision-making for businesses. With comprehensive analytics and reporting capabilities, these systems empower organizations to gain valuable insights from their data. Real-time data updates and predictive analytics help businesses proactively plan and optimize their operations. Monitoring performance indicators and trends, Based on precise and current information, businesses can make wise decisions, leading to improved operational efficiency, cost savings, and better overall business outcomes.
What restraints the growth of the cloud enterprise resource planning (ERP) market?
"Data security and privacy concerns can impede the market growth”
Storing sensitive business data on cloud platforms raises concerns about data breaches, unauthorized access, and potential privacy violations. Due to these security concerns, organizations may hesitate to migrate their critical business processes and data to the cloud. Ensuring robust security measures, compliance with regulations, and transparent data handling practices are essential to address these restraints and gain the trust of businesses in adopting cloud ERP solutions.
Segmentation: Global Cloud Enterprise Resource Planning (ERP) Market
The cloud enterprise resource planning (ERP) market is segmented on the basis of component, product, development model, function, organization size and end user
- On the basis of component, the cloud enterprise resource planning market is segmented into solution, software, service
- On the basis of product, the cloud enterprise resource planning market is segmented into implementation and integration, advisory services, support and maintenance, managed services
- On the basis of development model, the cloud enterprise resource planning market is segmented into on premise enterprise resource planning, cloud based enterprise resource planning
- On the basis of function, the cloud enterprise resource planning market is segmented into operations, human resource (hr), sales and marketing, finance and accounting, inventory and order management, Human Capital Managementt (hcm), manufacturing module, others
- On the basis of organization size, the cloud enterprise resource planning market is segmented into large companies, small and mid-sized businesses
- On the basis of end user, the cloud enterprise resource planning market is segmented into automotive, aerospace and defense, healthcare and life sciences, manufacturing, retail and consumer goods, banking, financial services, insurance, telecommunication and it, government and public sector, education, energy and utilities, others.
Regional Insights: North America Dominates the Global Cloud Enterprise Resource Planning (ERP) Market
North America's dominant global Cloud ERP market position can be attributed to several key factors. The region boasts a large number of cloud ERP vendors, providing a wide range of solutions to cater to diverse business needs. Furthermore, the increasing adoption of cloud ERP systems in North America facilitates improved collaboration among different departments. It streamlines the management of various applications, such as human resources and BFSI (banking, financial services, and insurance), leading to enhanced operational efficiency and business growth.
Asia-Pacific is poised for significant growth in the Cloud ERP market due to several factors. The region experiences increased internet penetration, which enhances connectivity and accessibility to cloud-based solutions. The adoption of ERP applications is on the rise, driven by the demand for digital transformation in countries like Japan, India, and China. These countries are embracing the Industry 4.0 revolution, where advanced technologies are reshaping industries, leading to a greater need for efficient and integrated ERP systems to drive productivity, innovation, and competitiveness in the evolving digital landscape.
To know more about the study, visit,https://www.databridgemarketresearch.com/reports/global-cloud-erp-market
Recent Developments in Global Cloud Enterprise Resource Planning (ERP) Market
- In 2022, Exact purchased Weclapp from German holding company 3U Holding, a major supplier of cloud ERP software in the DACH region. Management at Weclapp would continue to be involved and would steer the company going forward.
- In 2022, To give its customers a complete digital banking experience, T.D. Bank integrated NetSuite's cloud-based ERP software. For a much better customer experience, T.D. Bank Incorporated built a one-stop shop using cloud-based ERP software.
- 2022년, 기업 성과 관리(EPM) 소프트웨어 솔루션 분야의 선두주자인 Syntellis Data and Intelligence는 클라우드 기반 소프트웨어 회사인 Infor와 협력했습니다. 이 파트너십을 통해 지능형 계획 및 성과 솔루션을 찾는 환자들은 이제 Syntellis Axiom Healthcare Suite에 문의할 수 있습니다.
글로벌 클라우드 ERP(Enterprise Resource Planning) 시장 에서 활동하는 주요 기업은 다음과 같습니다.
- 오라클(미국)
- 마이크로소프트(미국)
- SAP(독일)
- IFS(스웨덴)
- 정보(미국)
- 세이지 그룹(Sage Group plc)(영국)
- Workday, Inc.(미국)
- 플렉스(미국)
- 램코 시스템즈(인도)
- 에피코 소프트웨어 코퍼레이션(미국)
- Tally Solutions Private Limited(인도)
- 오두(미국)
- SYSPRO(남아프리카공화국)
- 타일러 테크놀로지스(미국)
- MIE 솔루션(미국)
- Genius Solution, Inc. (미국)
- 델텍 주식회사(미국)
- QAD Inc.(미국)
- 비엔나 어드밴티지(독일)
- Acumatica, Inc. (미국)
위에는 보고서에 포함된 주요 업체들이 나와 있습니다. 클라우드 ERP(Enterprise Resource Planning) 시장 기업의 더 자세한 목록을 알아보려면 https://www.databridgemarketresearch.com/contact에 문의하세요.
연구 방법론: 글로벌 클라우드 ERP(Enterprise Resource Planning) 시장
데이터 수집 및 기준 연도 분석은 대규모 표본 규모의 데이터 수집 모듈을 사용하여 수행됩니다. 시장 데이터는 시장 통계 및 일관성 있는 모델을 사용하여 분석 및 추정됩니다. 또한, 시장 점유율 분석과 핵심 트렌드 분석은 시장 보고서의 주요 성공 요인입니다. DBMR 연구팀이 사용하는 핵심 연구 방법론은 데이터 마이닝, 데이터 변수가 시장에 미치는 영향 분석, 그리고 1차(업계 전문가) 검증을 포함하는 데이터 삼각 측량입니다. 이 외에도 데이터 모델에는 공급업체 포지셔닝 그리드, 시장 타임라인 분석, 시장 개요 및 가이드, 기업 포지셔닝 그리드, 기업 시장 점유율 분석, 측정 기준, 글로벌 vs. 지역 및 공급업체 점유율 분석이 포함됩니다. 추가 문의는 애널리스트에게 문의하십시오.
