Cloud ERP Market Size to Reach USD 141.68 Billion in 2028 | Rising Demand for Efficient, Paper-Free Accounting and Order Management Solutions are Key Factors Driving Industry Growth, says Emergen Research

Vancouver, British Columbia, June 02, 2021 (GLOBE NEWSWIRE) -- The global cloud ERP market size reached USD 44.83 Billion in 2020 and is expected to register a CAGR of 15.6% during the forecast period, according to latest analysis by Emergen Research. Global cloud ERP market revenue growth is driven by increasing demand for solutions for data-driven business decisions and rising demand for efficient, paper-free accounting, and order management solutions. Rising adoption of cloud ERP in BFSI sector for finance and operation applications is expected to further boost growth of the global cloud ERP market during the forecast period.

However, integration issues of cloud ERP solutions with on-premises based systems is expected to hamper global cloud ERP market growth to some extent during the forecast period.

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Some Key Highlights From the Report

• Rising adoption of hybrid cloud-based cloud ERP solutions by end-users to get better data security and flexibility is driving revenue growth of the hybrid cloud segment, which is expected to register a significantly rapid CAGR over the forecast period.
• Small and medium-sized enterprise segment is expected to register significant revenue growth over the forecast period due to increasing adoption of cloud ERP among SMEs to gain access to a wide range of applications.
• The finance segment is expected to register significant growth in terms of market share during the forecast period due to increasing adoption of cloud ERP in the BFSI industry for managing ledger, payables, and customer invoices seamlessly.
• Asia Pacific is expected to register fastest revenue growth rate during the forecast period due to rising implementation of cloud ERP solutions across various industries in countries in the region.
• Key players in the market include Microsoft Corporation, Oracle Corporation, SAP SE, Sage Group plc, Workday, Inc., QAD Inc., Genius Solutions, Inc., OpenPro, Inc., Acumatica, Inc., and Ramco Systems Limited.
• In September 2020, Acumatica, Inc. announced a substantial rise in investment and focus on its business management solution in the United Kingdom, which is expected to boost Acumatica’s expansion in the United Kingdom.

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Emergen Research has segmented the global cloud ERP market on the basis of deployment, organization size, application, end-use, and region:

• Deployment Outlook (Revenue, USD Billion; 2018–2028)
  • Private Cloud
  • Public Cloud
  • Hybrid Cloud
• Organization Size Outlook (Revenue, USD Billion; 2018–2028)
  • Small and Medium-sized Enterprises
  • Large Enterprises
• Application Outlook (Revenue, USD Billion; 2018–2028)
  • Finance
  • Operations
  • Sales & Marketing
  • Others
• End-use Outlook (Revenue, USD Billion; 2018–2028)
  • Manufacturing
  • Healthcare
  • IT and Telecom
  • Retail
  • Transportation and Logistics
  • Government
  • Media & Entertainment
  • BFSI
  • Others

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• Regional Outlook (Revenue, USD Billion; 2018–2028)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. U.K.
    4. Italy
    5. Spain
    6. BENELUX
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of MEA

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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