Cloud ERP Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Cloud ERP Market
The cloud ERP market size was reached at a value of USD 49.80 billion in 2023, and the market is now projected to grow from USD 57.17 billion in 2024 to USD 181.04 billion by 2032, exhibiting a CAGR of 15.5% during the forecast period of 2023-2032.
During covid pandemic most of the business were forced to shift to online selling’s by closing physical stores which boost the cloud ERP market growth. The COVID-19 pandemic created options of remote work for employees and organizations to maintain a continuity in the business and ongoing projects due to imposed restriction on social gatherings and social outings of people from their homes which has increased the market growth.
Cloud ERP is becoming essential for being competitive in fast paces sectors as it delivers real-time insights into many elements of organization aiming for faster and more informed decision-making. Many segments of sectors are witnessing an upsurge in requirement to install advanced ERP solutions which is propelling cloud ERP market growth in the near future. In addition, creation of customization dashboards provides a picture of key performance indicators helping in market expansion. Moreover, integration of artificial intelligence and machine learning technologies help to provide accurate insights.
Additionally, due to increasing demand for AI and machine learning usage in organizations to boost real-time insights will foster cloud ERP market growth. This disruptive technology improves business agility across the enterprise by identifying process efficiencies and providing real-time information. Leveraging AI in cloud ERP solutions allows firms to optimize crucial operations and continuously learn and adapt for improved performance.
Comprehensive Analysis of Cloud ERP Market
The cloud ERP market is rising with an exponential rate due to its versatile market segmentation. This market expansion effectively provides a detailed geographical assessment considering the dominant supply and demand forces that impact the IT management industry. These segmentations are methodically segregated by types of deployment and by end users. The types of By Deployment segment include Public Cloud, Private Cloud, and Hybrid Cloud, while By Function segment include Financial & Account Management, Order & Procurement Management, Human Capital Management, Enterprises Performance Management, and Others, and By Organization Type segment include SMBs and Enterprises. However, By Industry segment include Distribution, Manufacturing, Construction, Healthcare, E-Commerce & Retail, BFSI, IT & Telecom, and Others.
In the Cloud ERP Market, North America region lead the information and technology devices market with a market size of USD 19.36 billion in 2023 owing to robust decision-making and adoption of artificial intelligence and machine learning technologies help to provide accurate insights.
The prominent players in the market play a crucial role in the information and technology industry assuring industrial prospectus growth and setting market standards. These players include, Microsoft Corporation (U.S.), Workday (U.S.), Oracle Corporation (U.S.), Infor (U.S.), Epicor (U.S.), SAP SE (Germany), Intuit Inc. (U.S.), Sage (U.K.), IFS (Sweden) and Acumatica (U.S.) these prominent market players provide a level-playing competitive landscape.
In October 2023, Acumatica announced upgrades to its cloud-based ERP software presented a new developmental breakthrough, known as Acumatica 2023 R2. Acumatica payments, access to Amazon’s seller central marketplace, integration of shopify’s online sales with Acumatica backend fulfillment operations and other enhancements are among the new features.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2023
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 15.5% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Deployment
Public Cloud
Private Cloud
Hybrid Cloud
By Function
Financial & Account Management
Order & Procurement Management
Human Capital Management
Enterprises Performance Management
Others
By Organization Type
SMBs
Enterprises
By Industry
Distribution
Manufacturing
Construction
Healthcare
E-Commerce & Retail
BFSI
IT & Telecom
Others
By Region
North America (By Deployment, Function, Organization Type, Industry, and Country)
- U.S.
- Canada
- Mexico
South America (By Deployment, Function, Organization Type, Industry, and Country)
- Brazil
- Argentina
- Rest of South America
Europe (By Deployment, Function, Organization Type, Industry, and Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
Middle East & Africa (By Deployment, Function, Organization Type, Industry, and Country)
- Turkey
- Israel
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
Asia Pacific (By Deployment, Function, Organization Type, Industry, and Country)
- China
- Japan
- India
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Cloud ERP Key Players Market Share/Ranking, 2023
- 5. Global Cloud ERP Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Deployment (USD)
- 5.2.1. Public Cloud
- 5.2.2. Private Cloud
- 5.2.3. Hybrid Cloud
- 5.3. By Function (USD)
- 5.3.1. Financial & Account Management
- 5.3.2. Order & Procurement Management
- 5.3.3. Human Capital Management
- 5.3.4. Enterprise Performance Management
- 5.3.5. Others
- 5.4. By Organization Type (USD)
- 5.4.1. SMBs
- 5.4.2. Enterprise
- 5.5. By Industry (USD)
- 5.5.1. Distribution
- 5.5.2. Manufacturing
- 5.5.3. Construction
- 5.5.4. Healthcare
- 5.5.5. E-Commerce & Retail
- 5.5.6. BFSI
- 5.5.7. IT & Telecom
- 5.5.8. Others
- 5.6. By Region (USD)
- 5.6.1. North America
- 5.6.2. South America
- 5.6.3. Europe
- 5.6.4. Middle East & Africa
- 5.6.5. Asia Pacific
- 6. North America Cloud ERP Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Deployment (USD)
- 6.2.1. Public Cloud
- 6.2.2. Private Cloud
- 6.2.3. Hybrid Cloud
- 6.3. By Function (USD)
- 6.3.1. Financial & Account Management
- 6.3.2. Order & Procurement Management
- 6.3.3. Human Capital Management
- 6.3.4. Enterprise Performance Management
- 6.3.5. Others
- 6.4. By Organization Type (USD)
- 6.4.1. SMBs
- 6.4.2. Enterprise
- 6.5. By Industry (USD)
- 6.5.1. Distribution
- 6.5.2. Manufacturing
- 6.5.3. Construction
- 6.5.4. Healthcare
- 6.5.5. E-Commerce & Retail
- 6.5.6. BFSI
- 6.5.7. IT & Telecom
- 6.5.8. Others
- 6.6. By Country (USD)
- 6.6.1. United States
- 6.6.2. Canada
- 6.6.3. Mexico
- 7. South America Cloud ERP Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Deployment (USD)
- 7.2.1. Public Cloud
- 7.2.2. Private Cloud
- 7.2.3. Hybrid Cloud
- 7.3. By Function (USD)
- 7.3.1. Financial & Account Management
- 7.3.2. Order & Procurement Management
- 7.3.3. Human Capital Management
- 7.3.4. Enterprise Performance Management
- 7.3.5. Others
- 7.4. By Organization Type (USD)
- 7.4.1. SMBs
- 7.4.2. Enterprise
- 7.5. By Industry (USD)
- 7.5.1. Distribution
- 7.5.2. Manufacturing
- 7.5.3. Construction
- 7.5.4. Healthcare
- 7.5.5. E-Commerce & Retail
- 7.5.6. BFSI
- 7.5.7. IT & Telecom
- 7.5.8. Others
- 7.6. By Country (USD)
- 7.6.1. Brazil
- 7.6.2. Argentina
- 7.6.3. Rest of South America
- 8. Europe Cloud ERP Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Deployment (USD)
- 8.2.1. Public Cloud
- 8.2.2. Private Cloud
- 8.2.3. Hybrid Cloud
- 8.3. By Function (USD)
- 8.3.1. Financial & Account Management
- 8.3.2. Order & Procurement Management
- 8.3.3. Human Capital Management
- 8.3.4. Enterprise Performance Management
- 8.3.5. Others
- 8.4. By Organization Type (USD)
- 8.4.1. SMBs
- 8.4.2. Enterprise
- 8.5. By Industry (USD)
- 8.5.1. Distribution
- 8.5.2. Manufacturing
- 8.5.3. Construction
- 8.5.4. Healthcare
- 8.5.5. E-Commerce & Retail
- 8.5.6. BFSI
- 8.5.7. IT & Telecom
- 8.5.8. Others
- 8.6. By Country (USD)
- 8.6.1. United Kingdom
- 8.6.2. Germany
- 8.6.3. France
- 8.6.4. Italy
- 8.6.5. Spain
- 8.6.6. Russia
- 8.6.7. Benelux
- 8.6.8. Nordics
- 8.6.9. Rest of Europe
- 9. Middle East & Africa Cloud ERP Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Deployment (USD)
- 9.2.1. Public Cloud
- 9.2.2. Private Cloud
- 9.2.3. Hybrid Cloud
- 9.3. By Function (USD)
- 9.3.1. Financial & Account Management
- 9.3.2. Order & Procurement Management
- 9.3.3. Human Capital Management
- 9.3.4. Enterprise Performance Management
- 9.3.5. Others
- 9.4. By Organization Type (USD)
- 9.4.1. SMBs
- 9.4.2. Enterprise
- 9.5. By Industry (USD)
- 9.5.1. Distribution
- 9.5.2. Manufacturing
- 9.5.3. Construction
- 9.5.4. Healthcare
- 9.5.5. E-Commerce & Retail
- 9.5.6. BFSI
- 9.5.7. IT & Telecom
- 9.5.8. Others
- 9.6. By Country (USD)
- 9.6.1. Turkey
- 9.6.2. Israel
- 9.6.3. GCC
- 9.6.4. North Africa
- 9.6.5. South Africa
- 9.6.6. Rest of MEA
- 10. Asia Pacific Cloud ERP Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Deployment (USD)
- 10.2.1. Public Cloud
- 10.2.2. Private Cloud
- 10.2.3. Hybrid Cloud
- 10.3. By Function (USD)
- 10.3.1. Financial & Account Management
- 10.3.2. Order & Procurement Management
- 10.3.3. Human Capital Management
- 10.3.4. Enterprise Performance Management
- 10.3.5. Others
- 10.4. By Organization Type (USD)
- 10.4.1. SMBs
- 10.4.2. Enterprise
- 10.5. By Industry (USD)
- 10.5.1. Distribution
- 10.5.2. Manufacturing
- 10.5.3. Construction
- 10.5.4. Healthcare
- 10.5.5. E-Commerce & Retail
- 10.5.6. BFSI
- 10.5.7. IT & Telecom
- 10.5.8. Others
- 10.6. By Country (USD)
- 10.6.1. China
- 10.6.2. India
- 10.6.3. Japan
- 10.6.4. South Korea
- 10.6.5. ASEAN
- 10.6.6. Oceania
- 10.6.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Oracle Corporation
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Infor
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Microsoft Corporation
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Acumatica
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Epicor
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Workday
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. SAP SE
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Intuit Inc.
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Sage
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. IFS
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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