According to a new report published by Allied Market Research, the global cloud-based ERP market was valued at $13.23 billion in 2016 and is projected to reach $32.18 billion by 2023, growing at a CAGR of 13.6% from 2017 to 2023. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.
Download Report Sample @ https://www.alliedmarketresearch.com/request-sample/4577
Introduction of cloud and growth of SMEs in emerging regions, surge in adoption of cloud-based deployment model, and rise in need for operational efficiency and transparency across various business processes. On the other hand, latency in data retrieval and interruptions and open-source application restrain the growth to certain extent. Moreover, competition among market players, globalization and expansion, and support to new ventures and key decision making are anticipated to create multiple opportunities in the coming years.
The cloud-based ERP market is segmented based on component, function, end user, industry vertical, and region. Based on component, the market is categorized into software and services. The services segment is anticipated to grow at the highest rate during the forecast period. On the other hand, the software segment contributed the highest share in 2016.
Based on regions, the North America generated the highest revenue share in the global cloud-based ERP market in 2016. Moreover, the Asia-Pacific cloud-based ERP market is anticipated to grow at the highest rate. The report also analyzes regions including LAMEA and Europe.
The key players profiled in the report include Oracle, IBM, Microsoft, SAP SE, Sage Group Plc., Aptean, Epicor Software Corp., Infor, Syspro, Unit4 and others.
Based on function the market is classified into finance, HR, supply chain, and others. The other functions segment generated maximum share of revenue in 2016 and is expected to dominate the market. However, the cloud-based ERP market for finance is expected to witness highest CAGR of 17.7% during the forecast period.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4577
Thanks for reading this article; you can also get an individual chapter-wise section or region wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn TwitterFacebookTwitterLinkedInEmailShare