Cloud ERP Market to grow by USD 15,379.75 million from 2022 to 2027|Increasing demand for process automation and digital transformation drives the market - Technavio

NEW YORK, Aug. 1, 2023 /PRNewswire/ -- The cloud ERP market size is estimated to grow by USD 15,379.75 million from 2022 to 2027, at a CAGR of 10.02% during the forecast period. The market is fragmented due to the presence of diversified international and regional vendors. The increasing demand for process automation and digital transformation is notably driving the cloud ERP market growth. It supports enterprises to digitize core business processes and eliminates the requirement for manual intervention in highly complex and repetitive procedures. Further, it expands operational efficiency, enables to delivery of personalized customer experiences, and decreases time-to-market, chances of error, and operational costs. Thus, enterprises like BFSI, retail, and manufacturing are executing BPMaaS solutions to automate internal and external processes, growing demand for the Cloud enterprise resource planning (ERP) market. Nevertheless, these benefits of BPMaaS can be additionally augmented by integrating other technologies like BPM, RPA, and AI, generally known as intelligent automation. Also, it helps in making intelligent, automated, real-time data-driven decisions by usage of AI and analytics which enhances flexibility at every stage of the process. As a result, vendors in this space are increasingly delivering BPM services integrated with AI and RPA. Consequently, such factors are likely to result in market growth during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report 

Cloud ERP Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The soft skills training market report covers the following areas:

• Cloud ERP Market 2023-2027 Size
• Cloud ERP Market 2023-2027 Trends
• Cloud ERP Market 2023-2027 Industry Analysis

Cloud ERP Market 2023-2027: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Acumatica Inc., Certinia Inc., Dassault Systemes SE, Deacom Inc., ECI Software Solutions Inc., Epicor Software Corp., Infor Inc., Microsoft Corp., Oracle Corp., Productoo, QAD Inc., Ramco Systems Ltd., Rockwell Automation Inc., Sage Group Plc, SAP SE, SYSPRO Pty. Ltd., Rootstock Software, Unit4 Group Holding B.V., Workday Inc., and Xledger are among some of the major market participants.

Vendors Offerings 

• Acumatica Inc. - The company offers cloud ERP solutions such as Acumatica Cloud xRP platform. 
• Epicor Software Corp. - The company offers cloud ERP solutions for offsite management.
• Infor Inc. - The company offers cloud ERP solutions for business continuity and innovation.

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Market Dynamics 

Trends 

The increasing adoption of remote working models is an emerging trend shaping market growth. The need for collaboration and sharing via Cloud-based software is increasingly significant with the transition toward remote work. It supports by ensuring that enterprise-wide data transfer, business management, and communication are effective and efficient. The adoption of CRM, ERP, and SCM has allowed companies ease of communication and connection with their employees remotely. In addition, due to increasing popularity among small and medium-sized businesses and startups that are shifting towards a work-from-home culture, there is expected to be further growth of the Cloud enterprise resource planning (ERP) market. Even post the COVID-19 lockdown, various enterprises have shifted to a hybrid business model, which is also anticipated to fuel market growth during the forecast period.

Challenge 

The increasing number of cyberattacks on Cloud ERP software is a significant challenge hindering market growth. Cybercriminals that hack ERP platforms gain access to sensitive enterprise data and business-critical data. Also, this can be utilized to damage the firm's business operations and affect the entire efficiency and operations of the business. Lack of proper IT security software could cause cyberattacks such as distributed denial-of-service (DDoS). Further, the operating environment of businesses has moved towards digitalization, and data transactions are being performed across numerous areas with external entities which leaves their systems increasingly vulnerable to cyberattacks which could exploit loopholes to access sensitive information. Therefore, the increasing number of cyberattacks could pose a barrier to the growth of the market growth

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Cloud ERP Market 2023-2027: Segmentation

Cloud ERP Market is segmented as below:

• Component 
• Solutions
• Services
• End-user 
• BFSI
• Manufacturing And Services
• Government
• Others
• Geography 
• North America
• Europe
• APAC
• Middle East And Africa
• South America

The market share growth by the solutions segment will be significant during the forecast period.  It primarily contains software platforms for the effective execution and implementation of ERP which delivers integration of price, timing, speed, quantity, and other models into the business. It is generally used by the BFSI, manufacturing, and services end-user and assists in gaining quick trade orders effectively. The integration of ERP software enables firms to achieve huge profits in relatively fewer amounts of time compared to traditional software. Also, it can be customized according to speed needs and automation requirements while providing reliability and cost-effectiveness. It also has in-built availability of recommendations for installation and customization making solutions easier to execute. Thus growing digitalization is likely to result in further market expansion of this segment of the Cloud ERP market during the forecast period.

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Cloud ERP Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist cloud ERP market growth during the next five years
• Estimation of the cloud ERP market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the cloud ERP market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the cloud ERP market, vendors

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Related Reports:

The ERP system integration and consulting market size are estimated to grow at a CAGR of 9.34% between 2022 and 2027. The size of the market is forecast to increase by USD 10,707.21 million.  This report extensively covers market segmentation by application (manufacturing and services, BFSI, healthcare, it and telecom, and others), deployment (on-premise ERP integration, consulting, SaaS ERP integration, and consulting), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The increasing demand for cloud-based systems is the key factor driving global refrigerated road transportation market growth. 

The Global Enterprise Resource Planning (ERP) Software Market size is estimated to grow at a CAGR of 9.93% between 2022 and 2027. This report extensively covers market segmentation by type (cloud-based and on-premise), end-user (manufacturing, BFSI, healthcare, IT and telecom, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The increasing demand for ERP software from SMEs is notably driving the enterprise resource planning (ERP) software market growth.

Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global cloud ERP market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global cloud erp market 2017 - 2021 ($ million)

• 4.2 Component Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

• 6.1 Market segments 
• Exhibit 30: Chart on Component - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Component - Market share 2022-2027 (%)

• 6.2 Comparison by Component 
• Exhibit 32: Chart on Comparison by Component
• Exhibit 33: Data Table on Comparison by Component

• 6.3 Solutions - Market size and forecast 2022-2027
• Exhibit 34: Chart on Solutions - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Solutions - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Solutions - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Solutions - Year-over-year growth 2022-2027 (%)

• 6.4 Services - Market size and forecast 2022-2027
• Exhibit 38: Chart on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Component 
• Exhibit 42: Market opportunity by Component ($ million)
• Exhibit 43: Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 46: Chart on Comparison by End-user
• Exhibit 47: Data Table on Comparison by End-user

• 7.3 BFSI - Market size and forecast 2022-2027
• Exhibit 48: Chart on BFSI - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on BFSI - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on BFSI - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on BFSI - Year-over-year growth 2022-2027 (%)

• 7.4 Manufacturing and services - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Manufacturing and services - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Manufacturing and services - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Manufacturing and services - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Manufacturing and services - Year-over-year growth 2022-2027 (%)

• 7.5 Government - Market size and forecast 2022-2027
• Exhibit 56: Chart on Government - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Government - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Government - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Government - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 64: Market opportunity by End-user ($ million)
• Exhibit 65: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Canada - Market size and forecast 2022-2027
• Exhibit 95: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027
• Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Acumatica Inc. 
• Exhibit 119: Acumatica Inc. - Overview
• Exhibit 120: Acumatica Inc. - Product / Service
• Exhibit 121: Acumatica Inc. - Key offerings

• 12.4 Epicor Software Corp. 
• Exhibit 122: Epicor Software Corp. - Overview
• Exhibit 123: Epicor Software Corp. - Product / Service
• Exhibit 124: Epicor Software Corp. - Key offerings

• 12.5 Infor Inc. 
• Exhibit 125: Infor Inc. - Overview
• Exhibit 126: Infor Inc. - Product / Service
• Exhibit 127: Infor Inc. - Key news
• Exhibit 128: Infor Inc. - Key offerings

• 12.6 Microsoft Corp. 
• Exhibit 129: Microsoft Corp. - Overview
• Exhibit 130: Microsoft Corp. - Business segments
• Exhibit 131: Microsoft Corp. - Key news
• Exhibit 132: Microsoft Corp. - Key offerings
• Exhibit 133: Microsoft Corp. - Segment focus

• 12.7 Oracle Corp. 
• Exhibit 134: Oracle Corp. - Overview
• Exhibit 135: Oracle Corp. - Business segments
• Exhibit 136: Oracle Corp. - Key news
• Exhibit 137: Oracle Corp. - Key offerings
• Exhibit 138: Oracle Corp. - Segment focus

• 12.8 QAD Inc. 
• Exhibit 139: QAD Inc. - Overview
• Exhibit 140: QAD Inc. - Product / Service
• Exhibit 141: QAD Inc. - Key offerings

• 12.9 Ramco Systems Ltd. 
• Exhibit 142: Ramco Systems Ltd. - Overview
• Exhibit 143: Ramco Systems Ltd. - Business segments
• Exhibit 144: Ramco Systems Ltd. - Key offerings
• Exhibit 145: Ramco Systems Ltd. - Segment focus

• 12.10 Rockwell Automation Inc. 
• Exhibit 146: Rockwell Automation Inc. - Overview
• Exhibit 147: Rockwell Automation Inc. - Business segments
• Exhibit 148: Rockwell Automation Inc. - Key news
• Exhibit 149: Rockwell Automation Inc. - Key offerings
• Exhibit 150: Rockwell Automation Inc. - Segment focus

• 12.11 Rootstock Software 
• Exhibit 151: Rootstock Software - Overview
• Exhibit 152: Rootstock Software - Product / Service
• Exhibit 153: Rootstock Software - Key offerings

• 12.12 Sage Group Plc 
• Exhibit 154: Sage Group Plc - Overview
• Exhibit 155: Sage Group Plc - Business segments
• Exhibit 156: Sage Group Plc - Key offerings
• Exhibit 157: Sage Group Plc - Segment focus

• 12.13 SAP SE 
• Exhibit 158: SAP SE - Overview
• Exhibit 159: SAP SE - Business segments
• Exhibit 160: SAP SE - Key news
• Exhibit 161: SAP SE - Key offerings
• Exhibit 162: SAP SE - Segment focus

• 12.14 SYSPRO Pty. Ltd. 
• Exhibit 163: SYSPRO Pty. Ltd. - Overview
• Exhibit 164: SYSPRO Pty. Ltd. - Product / Service
• Exhibit 165: SYSPRO Pty. Ltd. - Key offerings

• 12.15 Unit4 Group Holding B.V. 
• Exhibit 166: Unit4 Group Holding B.V. - Overview
• Exhibit 167: Unit4 Group Holding B.V. - Product / Service
• Exhibit 168: Unit4 Group Holding B.V. - Key offerings

• 12.16 Workday Inc. 
• Exhibit 169: Workday Inc. - Overview
• Exhibit 170: Workday Inc. - Product / Service
• Exhibit 171: Workday Inc. - Key news
• Exhibit 172: Workday Inc. - Key offerings

• 12.17 Xledger 
• Exhibit 173: Xledger - Overview
• Exhibit 174: Xledger - Product / Service
• Exhibit 175: Xledger - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations 
• Exhibit 182: List of abbreviations

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