The cloud Enterprise Resource Planning (ERP) market size is estimated to grow from USD 18.52 billion in 2016 to USD 29.84 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 10.0%.
The cloud ERP market is driven by factors, such as, increasing need for creating efficiency across the enterprise and elimination of inefficient processes & data redundancy, along with a rising demand for ERP solutions and services from Small and Medium Enterprises (SMEs). However, increased operational costs and availability of open source cloud ERP solutions limit the growth of the market.
Organizations are rapidly growing their partnership networks to deploy such cloud ERP solutions across the globe. Thus, the managed services segment is expected to grow at the highest CAGR during the forecast period. However, the professional services segment is expected to have the largest market size in 2016.
APAC includes emerging economies, such as China, Japan, and India, along with countries from the South East Asia, which are rapidly transforming into business hubs with the regional expansion of global enterprises and the emergence of large number of SMEs.
- Epicor Software Corporation
- Intacct Corporation
- Microsoft Corporation
- Oracle Corporation
- Plex Systems, Inc.
- Qad Inc.
- Ramco Systems
- Rootstock Software
- Sage Software, Inc.
- Sap SE
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Cloud ERP Market Analysis, by Component
8 Cloud ERP Market Analysis, by Function
9 Cloud ERP Market Analysis, by Deployment Mode
10 Cloud ERP Market Analysis, by Organization Size
11 Cloud ERP Market Analysis, by Vertical
12 Cloud ERP Market Analysis, by Region
13 Competitive Landscape
14 Company Profiles
15 Key Innovators
For more information about this report visit http://www.researchandmarkets.com/research/q7vbf5/cloud_erp_market
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SOURCE Research and Markets