Cloud Enterprise Resource Planning
Cloud Enterprise Resource Planning Market by Component (Services, Solution), Business Function (Finance & Accounting, Human Capital Management, Inventory & Order Management), Organization Size, Vertical - Global Forecast 2024-2030
360iResearch Analyst
SPEAK TO ANALYST? OR FACE-TO-FACE MEETING?
Want to know more about the cloud enterprise resource planning market or any specific requirement? Ketan helps you find what you're looking for.
DOWNLOAD A FREE PDF
This free PDF includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.

[187 Pages Report] The Cloud Enterprise Resource Planning Market size was estimated at USD 77.34 billion in 2023 and expected to reach USD 94.92 billion in 2024, at a CAGR 22.82% to reach USD 326.07 billion by 2030.

Cloud ERP software is accessible over the Internet and delivers advanced functionality for all the core business functions in an organization. This software gives companies access to mission-critical sites at any time, from any location, and offers the infinite ability to scale and innovate. Cloud ERP systems deliver tremendous value to organizations, helping them boost productivity and gain insights. A cloud ERP system intelligently automates processes, provides AI and ML insights, and allows companies to innovate business models. Moreover, the rising demand to improve operational efficiency and streamline business processes and ongoing digital transformation in various industries is enhancing the adoption of cloud ERP solutions. However, data security and privacy threats and more time and cost required for cloud ERP implementation significantly impede cloud ERP utilization. In addition, integrating advanced technologies and innovative features of cloud ERP systems creates robust opportunities for developing and adopting cloud ERP systems.

Regional Insights

The Americas have a significant landscape in the cloud enterprise resource planning market driven by the need for improved efficiency and cost reduction. Key sectors include manufacturing, healthcare, retail, and government agencies. Notable initiatives include investment in research and development by tech giants and the growing demand for cloud ERP systems among small to medium businesses (SMBs) seeking to optimize their operations with minimal upfront costs and companies increasingly focusing on data security and compliance amidst strict privacy regulations, further fueling the market growth. In the European Union (EU), digital transformation strategies are driving the adoption of cloud ERP solutions across industries. A rising number of startups entering the region contribute to increased investments in cloud-based technologies. The Middle East displays significant growth potential in cloud ERP adoption due to its ongoing digital transformation initiatives. The APAC has observed a developing landscape in the cloud ERP market, driven by strong government support for digital transformation initiatives and robust domestic demand from sectors including manufacturing, retail, and healthcare. Increasing internet penetration, thriving startup ecosystem, and government initiatives are now adopting cost-effective SaaS-based ERP solutions tailored to their needs. The rising skill gap in data analytics has also spurred investments in training programs to enhance workforce capabilities in utilizing these systems.

Cloud Enterprise Resource Planning Market
To learn more about this report, request a free PDF copy
Market Dynamics

The market dynamics represent an ever-changing landscape of the Cloud Enterprise Resource Planning Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Growing demand to improve operational efficiency and streamline business processes
    • Ongoing digital transformation in the industries
    • Increasing adoption across BFSI and government sector
  • Market Restraints
    • Time and cost requirements of cloud ERP implementation
  • Market Opportunities
    • Integration of advanced technologies in ERP systems
    • Improvements in features of cloud ERP systems
  • Market Challenges
    • Data security and privacy threats that persist in cloud ERP systems
Market Segmentation Analysis
  • Component: Proliferating adoption of cloud ERP solutions

    Services in cloud ERP are essential for enhancing and extending the life of applications and focus on seamlessly managing business-critical applications that enable the company to meet ever-changing industry and consumer demands. These services help enterprises and organizations address the rising challenges posed by the rapid pace of change in technology. Managed services in cloud ERP refers to the outsourcing of various aspects of a company's IT infrastructure, applications, or systems to an external provider. The managed service provider (MSP) assumes ongoing responsibility for monitoring, managing, and supporting these components either fully or partially based on agreed-upon service levels. Professional Services primarily deal with the initial implementation, customization, and integration of these solutions. Consulting services enable organizations to understand their unique requirements and assess the suitability of different ERP platforms. After an organization has selected an appropriate cloud ERP system based on expert consultancy, the cloud ERP system needs to be implemented and integrated into the existing system, which entails configuring the chosen software according to the company's unique processes and workflows. Support and maintenance services are vital for ensuring optimal performance of the cloud ERP system. Organizations that migrate their on-premises enterprise applications to modern cloud solutions consider the tasks required for a cloud ERP implementation project. Cloud ERP solution offers affordable and comprehensive solutions for companies operating in the present digital economy.

  • Business Function: Penetrating utilization of cloud ERP in the finance & accounting sector

    Incorporation of the cloud enterprise resource planning (ERP) finance & accounting system module actively manages cash flow in the business and makes it more efficient. Cloud ERP in human capital management is a complete cloud solution that connects every human resource process and every person across the business enterprise. Cloud ERP in inventory & order management assists business organizations in controlling system-wide inventory across geographically dispersed locations to efficiently manage their distribution process without losing track of costs. Cloud ERP sales & marketing modules help a company stay competitive and streamline their sales and marketing activities of domestic and export sales.

  • Organization Size: Large enterprises utilizing cloud ERP for seamless integration between various systems

    Cloud enterprise resource planning (ERP) solutions can provide detailed and accurate projections and automate the workflow of a large organization. The cloud ERP offers large enterprise space that handles large employee data supporting large enterprise accounts' global localization and globalization needs. Most small and medium-sized enterprises are transitioning from on-premise models to cloud-based ERP solutions due to low infrastructure costs. Small businesses rely on cloud ERP software that eliminates organizing data within the company's unreliable server and updates the software independently.

  • Vertical: Potential adoption of cloud ERP in banking, financial services, and insurance

    Cloud ERP deployment in the aerospace & defense industry allows manufacturers to achieve accurate quality assurance and flexible supply chain management. Cloud ERP is used to reorganize institutions, standardize business practices, and align technology to manage complete data across educational institutions. Cloud ERP empowers state and local governments with the technology to improve the budget, allocate resources, and respond to the changing demands of citizens. Cloud ERP for healthcare business management provides an integrated view of all clinic and hospital operations. Cloud-based ERP systems deployed across IT and telecom help organizations access real-time data that connect across diverse departments and channels in a single system. Retailers use ERP solutions to provide reports based on real-time insights into market situations, which helps them make swift strategic decisions and ensure the profitability of their businesses.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Cloud Enterprise Resource Planning Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Cloud Enterprise Resource Planning Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Cloud Enterprise Resource Planning Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Cloud Enterprise Resource Planning Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Cloud Enterprise Resource Planning Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Cloud Enterprise Resource Planning Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Cloud Enterprise Resource Planning Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Cloud Enterprise Resource Planning Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Cloud Enterprise Resource Planning Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Cloud Enterprise Resource Planning Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cloud Enterprise Resource Planning Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cloud Enterprise Resource Planning Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • SAP and Bain Partner to Help Leaders Drive Cloud-Enabled ERP Transformation

    SAP SE and Bain & Company have partnered to support business leaders in maximizing the impact of cloud-enabled ERP transformation. This collaboration aims to create a strategic technology vision and future-proof the journey for cloud ERP success. [Published On: 2023-06-22]

  • ERP Buddies Announces Expansion into the United Kingdom as a Leading Cloud ERP Solution Provider

    ERP Buddies recently announced their expansion into the United Kingdom, cementing their place as a major cloud ERP solution provider. The move demonstrates that ERP Buddies has the vision, ambition, and capabilities to deliver impressive results for clients seeking an integrated enterprise resource planning system. With this new regional foothold, customers are expected to benefit from improved access to innovative resources and superior customer support through localized teams. In addition, they offer tailor-made solutions according to each client’s specific needs, with full scalability options available. [Published On: 2023-04-04]

  • GROW with SAP Brings Proven Cloud ERP Benefits to Midsize Customers

    SAP's Grow with SAP program is designed to bring the benefits that large enterprises receive from Cloud Enterprise Resource Planning (ERP) solutions to midsize customers. With this program, enterprises of all sizes can jump-start their digital transformation initiatives, reduce complexity, and provide greater visibility by leveraging powerful cloud platforms. The advantages are clear: more efficient operations and cost savings. Grow with SAP provides an advanced platform for businesses of all sizes looking to optimize their efforts while improving customer satisfaction by decreasing wait times and enhancing serviceability. [Published On: 2023-03-31]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cloud Enterprise Resource Planning Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Cloud Enterprise Resource Planning Market, highlighting leading vendors and their innovative profiles. These include abas Software GmbH, Acumatica, Inc., Azentio Software Private Limited, Dassault Systèmes SE, Deltek, Inc., ECI Software Solutions, Inc., Epicor Software Corporation, Frappe Technologies Pvt. Ltd., Genius Solutions, Global Shop Solutions, Inc., GUS Group, IFS World Operations AB, Infor, LionOBytes LLC, Microsoft Corporation, OpenPro, Inc., Oracle Corporation, QAD Inc., Ramco Systems Limited, Rockwell Automation, Inc., Rootstock Software, SAP SE, Synergy Technology Ltd., SYSPRO Proprietary Limited, The Sage Group PLC, TOPIX Business Software AG, Unit4 Group Holding B.V., Verpura GmbH, Workday, Inc., and Xentral ERP Software GmbH.

Cloud Enterprise Resource Planning Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
Market Segmentation & Coverage

This research report categorizes the Cloud Enterprise Resource Planning Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Component
    • Services
      • Managed Services
      • Professional Services
        • Consulting
        • Implementation & Integration
        • Support & Maintenance
    • Solution
  • Business Function
    • Finance & Accounting
    • Human Capital Management
    • Inventory & Order Management
    • Sales & Marketing
  • Organization Size
    • Large Enterprises
    • Small and Medium-Sized Enterprises
  • Vertical
    • Aerospace & Defense
    • Banking, Financial Services, and Insurance
    • Education
    • Government & Public Sector
    • Healthcare
    • IT & Telecom
    • Manufacturing
    • Retail

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Colorado
        • Connecticut
        • Florida
        • Illinois
        • Michigan
        • Minnesota
        • New York
        • Ohio
        • Pennsylvania
        • Texas
        • Washington
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Cloud Enterprise Resource Planning Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Cloud Enterprise Resource Planning Market, by Component
  7. Cloud Enterprise Resource Planning Market, by Business Function
  8. Cloud Enterprise Resource Planning Market, by Organization Size
  9. Cloud Enterprise Resource Planning Market, by Vertical
  10. Americas Cloud Enterprise Resource Planning Market
  11. Asia-Pacific Cloud Enterprise Resource Planning Market
  12. Europe, Middle East & Africa Cloud Enterprise Resource Planning Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 562]
  17. List of Companies Mentioned [Total: 30]
Personalized Cloud ERP Solution to win the race among ERP solutions
May 7, 2023
INSIGHT
Personalized Cloud ERP Solution to win the race among ERP solutions
With today’s businesses trying to become powerful by adapting to evolving technologies, “cloud ERP” has become a popular solution, as companies enjoy an updated and real-time view of their synchronized data.

In recent times, cloud-based services are gaining attraction among users as it helps to eliminate redundant processes, automate mundane tasks and provide employees access to critical information to make better decisions quickly. Like the other software branches, the cloud ERP is also moving to a new limit by integrating with new technologies. At the same time, on-premises solutions helped businesses run smarter and led to major benefits; cloud-based ERP systems resolve various issues that come with on-premises solutions and offer several advantages over their on-site counterparts.

In December 2022, Infor developed cloud enterprise resource planning (ERP) solutions curated for companies in select industries, such as industrial manufacturing, distribution, food and beverage, healthcare, aerospace, and apparel.

One emerging trend across healthcare facilities is the growing popularity of personalized AI-based assistive user interfaces such as chatbots, which can be useful to interpret user text or voice input and respond to questions using customer and order information stored within the cloud ERP.

Cloud-personalized ERP solutions with advanced technologies are gaining momentum to protect the organization against the supply chain disruptions or other rapid changes in the global economic conditions, thus, making them flexible.

The Benefits and Advantages of Cloud Enterprise Resource Planning
June 19, 2023
BLOG
The Benefits and Advantages of Cloud Enterprise Resource Planning
Digital transformation is an ongoing mission for many businesses nowadays. Whether it's to streamline operations, improve customer relations, or keep up with the competition, businesses need to find ways to adapt to today's digital landscape. One of the robust tools that businesses can take advantage of is cloud enterprise resource planning (ERP). This blog post discusses the benefits and advantages of cloud ERP and how it can help businesses keep up with the changing times.

Scalability:

One of the key advantages of cloud ERP is its scalability. Businesses can scale up or down the resources needed for their ERP system with ease, depending on their needs. This feature is especially useful during peak seasons or when a business is expanding. Instead of investing in new hardware or software, businesses can easily upgrade their cloud ERP system with just a few clicks.

Cost-Effective:

Cloud ERP can significantly reduce the costs associated with running an on-premise ERP system. All the hardware needed to run the ERP system is managed and maintained by the cloud provider, which means businesses don't have to buy and maintain their own servers. This can be cost-effective for businesses on IT infrastructure costs, especially for small and medium-sized enterprises.

Mobility:

Businesses can access their ERP system from anywhere with cloud ERP as long as they have an internet connection. This means employees can work remotely without being tied down to the office. This can make businesses to be more efficient and flexible, especially during times of crisis like the COVID-19 pandemic.

Security:

Cloud ERP providers invest heavily in security measures to protect their customers' data. They use advanced encryption, firewalls, and other security protocols to ensure that their customers' data remains safe and secure. This can ensure businesses the peace of mind of knowing that their data is secure, even if they don't have their own dedicated IT team.

Easy Maintenance and Updates:

Cloud ERP providers handle all updates and maintenance for their customers. This means businesses don't have to worry about updating their ERP system or fixing any bugs that may arise. This can save enterprises a lot of time and effort, especially for IT teams that are already stretched thin.

In today's ever-changing digital landscape, businesses must find ways to sustain in the ever-growing competition. Cloud enterprise resource planning (ERP) can provide businesses with various advantages and benefits that can help them streamline operations, reduce costs, and be more efficient and flexible. With its scalability, cost-effectiveness, mobility, security, and easy maintenance and updates, cloud ERP is a valuable tool that businesses can leverage to keep up with the changing times.

Frequently Asked Questions
  1. How big is the Cloud Enterprise Resource Planning Market?
    Ans. The Global Cloud Enterprise Resource Planning Market size was estimated at USD 77.34 billion in 2023 and expected to reach USD 94.92 billion in 2024.
  2. What is the Cloud Enterprise Resource Planning Market growth?
    Ans. The Global Cloud Enterprise Resource Planning Market to grow USD 326.07 billion by 2030, at a CAGR of 22.82%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.