The major factors that drive the growth of the Cloud-based Enterprise Resource Planning (ERP) Market are increase in number of SMEs, need for obtaining higher operative efficiency and realization of competitive advantages achieved through implementation of cloud enterprise resource planning, rapid change in business models, and development in the cloud trend.
Download free sample report at:
https://www.alliedmarketresearch.com/request-sample/4577
The cloud-based ERP market is segmented based on component, function, end user, industry vertical, and region. By component, the market is categorized into software and services. Services segment is further studied across professional and managed services. As per function the market is classified into finance, HR, supply chain, and others. Based on end user the market is segmented into large, mid-size, and small organization. Based on industry vertical, it is classified into manufacturing & services, BFSI, healthcare, retail, government, aerospace & defense, IT & telecom, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA
For Purchase Enquiry:
https://www.alliedmarketresearch.com/purchase-enquiry/4577
The North American cloud enterprise resource planning market generated the highest revenue in 2016, owing to increase in adoption of cloud-based solutions, presence of a large number of enterprises, and rise in the adoption of IoT. The Asia-Pacific cloud-based ERP market is expected to grow at the highest CAGR, owing to increase in penetration of internet and surge in adoption of ERP application in the government agencies.
The key players operating in the cloud enterprise resource planning industry include Oracle, IBM, Microsoft, SAP, Sage Group Plc, QAD Inc., IFS AB, Epicor Software Corp., Infor, and Aptean. These players have expanded their market presence by adopting various business strategies such as acquisition, geographical expansion, product development, strategic alliance, and collaboration.
If you have any special requirements, please let us know:
https://www.alliedmarketresearch.com/request-for-customization/4577
Key Findings of the Cloud-based ERP Market:
- The software segment accounted for the highest share of the global cloud-based ERP industry by component in 2016, growing at a CAGR of 12.8% from 2017 to 2023.
- The professional services segment by services generated the highest revenue share in 2016 and is projected to grow at a rate of 16.8%.
- The North America cloud-based ERP market generated the highest share, valued at $5,375 million, in terms of revenue in 2016.
- The cloud-based ERP market in finance is expected to witness growth during the forecast period.
Procure Complete Report (225 Pages PDF with Insights, Charts, Tables, and Figures) at: https://bit.ly/3Fcm9We
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.
Similar Report:
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research