The advent of Big Data and analytics in Cloud ERP solutions offers opportunities

DUBLIN, November 24, 2022 /PRNewswire/ — The “Cloud ERP Market by Component (Solution, Services), Business Function (Accounting & Finance, Sales & Marketing, Inventory & Order Management), Organization Size, Vertical (BFSI, Manufacturing, IT and telecommunications) and region – Global Forecast to 2027 report has been added.” ResearchAndMarkets.com offer.

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The author expects the global Cloud ERP market to grow USD 64.7 billion in 2022 y USD 130.0 billion by 2027, at a compound annual growth rate (CAGR) of 15.0% during the forecast period.

The services segment is expected to grow at a higher CAGR during the forecast period

Services are an integral part of the software lifecycle and include implementation, integration, product upgrade, maintenance, training and consulting. Services are classified into managed services and professional services. Managed Services are priced based on usage and are provided by third-party vendors. The implied cost when using the managed services is limited to the time and amount of their use.

Professional services are obtained directly from parent companies. These services can be provided as consulting, implementation and integration, support and maintenance. The demand for consulting services would increase as technology-based software solutions are expected to increase. Support services include assistance provided during installation and maintenance activities.

Manufacturing segment to register second highest CAGR during the forecast period

Cloud ERP software for manufacturing integrates manufacturing, inventory management, and accounting to help companies ensure raw materials are available for production, manage the manufacturing process, maintain reviews, and track financials . Integrated ERP for manufacturing helps streamline business processes, generates accurate pricing, and calculates total manufacturing costs.

Manufacturing companies have moved their traditional ERP systems to the cloud as they have realized that their core competency is manufacturing, not managing software and hardware. Cloud ERP offerings from various major vendors are more secure and reliable than most in-house solutions and have become a distinct boon for businesses. For example, Acumatica ERP software for the manufacturing industry integrates with finance and CRM modules to effectively support all major business areas, helping flexible business processes plan and control manufacturing operations.

Europe record for significant market size during the forecast period

Established Internet and a strong economic infrastructure with business demand for the cloud services market. of Europe one of the top 3 markets for cloud-based services and the second largest market in the overall Cloud ERP market. The main countries considered in this report for analysis are the United Kingdom, Germany, and other. The United Kingdom and Germany they are the countries with the highest potential for the Cloud ERP market among all other countries.

Business needs in the European market are different, reasonably similar North America. Companies in this region have strong technical expertise along with larger IT budgets. Growing digitization and increasing focus of organizations on IT issues and streamlining of IT processes and services with business goals is expected to increase the demand for cloud applications in the region. The United Kingdom and Germany they have the highest growth potential in the cloud ERP market among all other countries in the region.

Due to the increase in European government initiatives, cloud ERP vendors are employing different security and access protocols to maintain quality of service. Major players, such as Microsoft, Oracle, IBM and OVH have established their data centers in European regions to meet growing customer needs and increase customer base. The region is an early adopter of cloud technology due to the strong technical expertise and better IT budget of enterprises.

Main topics covered:

1. Introduction

2 Research methodology

3 Executive Summary

4 premium insights
4.1 Exciting Growth Opportunities In Cloud ERP Market
4.2 Market, by distribution model, 2022
4.3 Market, by application, 2022 vs. 2027
4.4 Market, by size of organization, 2022
4.5 Market, by vertical, 2022 vs. 2027
4.6 Market: regional scenario, 2022-2027

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market dynamics
5.2.1 Drivers
5.2.1.1 Implementation of ERP systems to perform critical business operations
5.2.1.2 Increased adoption of Cloud ERP solutions across verticals
5.2.1.3 Increasing cloud spending is driving demand for cloud-based applications
5.2.1.4 Enterprise-wide unified integration approach
5.2.1.5 Need for backup and disaster recovery services during the COVID-19 pandemic
5.2.2 Restrictions
5.2.2.1 Limited customization options available for Saas ERP solutions
5.2.2.2 Reliance on wireless routers creates a network barrier
5.2.3 Opportunities
5.2.3.1 Advent of Big Data and Analytics in Cloud ERP solutions
5.2.3.2 Increased public investment in digitalisation
5.2.4 Challenges
5.2.4.1 Integration issue with legacy and local ERP systems
5.2.4.2 Security issues in adopting Cloud ERP solutions
5.3 Analysis of case studies
5.3.1 Case Study 1: SAP Customer Experience Assisted Topcon’s Global Ecosystem Rejuvenation
5.3.2 Case study 2: Advanced transaction processing through the integration of ML and automation in the Dropbox ERP solution
5.3.3 Case study 3: Looking for a robust and flexible ERP system due to company/company expansion
5.3.4 Case study 4: integration of Epm and Crm in logistics and supply chain
5.3.5 Case study 5: Implementing a cloud-based interconnected ERP platform
5.3.6 Case study 6: Process optimization in manufacturing
5.4 Technological Analysis
5.5 Patent analysis
5.6 Analysis of the value chain
5.7 Ecosystem
5.8 Analysis of Porter’s five forces
5.9 Main stakeholders and purchase criteria
5.10 Conferences and key events in 2022-2023
5.11 Price analysis
5.12 Trends/Disruptions Impacting Buyers
5.13 Regulatory landscape

6 Cloud ERP Market, by Component
6.1 Introduction
6.1.1 Component: Market Drivers
6.2 Solution
6.2.1 Solution: market drivers
6.3 Services
6.3.1 Services: market drivers
6.3.2 Professional Services
6.3.2.1 Integration and implementation
6.3.2.2 Consulting
6.3.2.3 Support and maintenance
6.3.3 Managed Services

7 Cloud ERP market, by business function
7.1 Introduction
7.1.1 Company function: market driver
7.2 Finance and Accounting
7.3 Sales and Marketing
7.4 Inventory and Order Management

8 Cloud ERP Market, by Organization Size
8.1 Introduction
8.1.1 Size of the organization: market drivers
8.2 Large companies
8.3 Small and Medium Enterprises

9 Cloud ERP market, by vertical
9.1 Introduction
9.1.1 Vertical: market driver
9.2 Bfsi
9.3 Information Technology and Telecom
9.4 Healthcare
9.5 Manufacturing
9.6 Government and public sector
9.7 Aerospace and Defense
9.8 Retail Sale
9.9 Education
9.10 Other Verticals

10 Cloud ERP Market, by Region

11 Competitive landscape
11.1 Overview
11.2 Market Scoreboard
11.3 Market share of top players
11.4 Revenue Analysis of Top Players
11.5 Business Valuation Quadrant
11.5.1 Matrix definitions and methodology
11.5.2 Stars
11.5.3 Pervasive Players
11.5.4 Emerging leaders
11.5.5 Participants
11.6 Startup/SME Evaluation Quadrant
11.6.1 Definitions and methodology
11.6.2 Progressive societies
11.6.3 Reactive Companies
11.6.4 Dynamic Companies
11.6.5 Starting blocks
11.7 Competitive Benchmarking
11.8 Competitive scenario
11.8.1 Product Launches and Enhancements
11.8.2 Acquisitions

12 company profiles
12.1 Introduction
12.2 Key Companies
12.2.1 Oracle
12.2.2 Microsoft
12.2.3 Sap
12.2.4 If
12.2.5 Information
12.2.6 Sage Software
12.2.7 Business Day
12.2.8 Plex systems
12.2.9 Ramco systems
12.2.10 Epicor
12.3 Other Companies
12.3.1 Counting
12.3.2 Odoo
12.3.3 Sypro
12.3.4 Tyler Technologies
12.3.5 My Solutions
12.3.6 Acoumatics
12.3.7 Ingenious solutions
12.3.8Brightpearl
12.3.9 Deletion
12.3.10 QAD Inc.
12.3.11 Vienna advantage
12.3.12 openpro
12.3.13 Delmia works
12.3.14 3I Infotech
12.3.15 Global Store Solutions
12.3.16 Rootstock software
12.3.17 Eci software solutions
12.3.18 Unit 4

13 Adjacent and related markets

14 Appendix

For more information about this report, please visit https://www.researchandmarkets.com/r/kqmmth

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