Cloud ERP Market, By Deployment Type (Private, Hybrid), By Organization Size (Large Enterprise) By Vertical (Aerospace & Defense, IT and Telecommunications) - Forecast 2022
Overview
Enterprise resource planning (ERP) is a systematic software process through which a business enterprise coordinates and integrates the important parts of its business functions. An ERP management information system collectively combine the critical areas such as planning, purchasing, inventory, sales, marketing, finance and human resources. The advanced feature of ERP software is to improve the operating efficiency and maintain the transparency within different business functions are expected to drive the market over the forecast period. Additionally, the increased demand for the cloud based engagement model is considered as one of the major driving forces for the market over the forecast period. On the other hand, high in initial cost and abundance of open source applications are expected to hinder the growth of the market.
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Industry News:
November 2017, SYSPRO is expanding its Cloud ERP Solution in presence for Large Companies through key new business enhancements. SYSPRO, a global provider of industry-built ERP software is identified as third-party market recognition for its cloud-enabled ERP solutions for large enterprises. SYSPRO recently released its new SYSPRO 8 community preview program to customers and partners at the same time that it has been named a Contender in the new ‘IDC Market Scape: Worldwide SaaS and Cloud-Enabled Large Enterprise ERP Applications 2017 Vendor Assessment’
January 2018, Indonesia's leading integrated Logistics service provider to engage with Ramco System. Ramco had has collaborated with leading Indonesian logistics group to digitize its logistics enterprise resource planning functions, opening a gateway to one of Southeast Asia’s biggest economies. The Indonesian LSP (logistics service provider) will implement Ramco Logistics Software including modules for freight-forwarding, courier planning, rating and billing, warehouse & fleet management, also consolidating operations for finance and end-to-end supply chain management
Segmentation
Segmentation by Deployment: Public, Private, and Hybrid
Segmentation by Organization: Small and Medium Enterprises, Large Enterprises
Segmentation by Function: Finance, Marketing, Sales, Operations, and Human Resources.
Segmentation by Vertical: BFSI, Manufacturing, Government & Public Sector, Aerospace and Defense, Education IT and Telecom, Healthcare, Retail and Others.
Segmentation by Region: North America, Europe, Asia Pacific, Rest of the World.
Regional Analysis
North America is expected to dominate the global cloud ERP market with the largest market share in the region. This is attributed to presence of big IT giants such as Microsoft Corporation and IBM Corporation among them. The U.S and Canada are the leading countries in the North America region. Asia Pacific region is expected to have the significant growth over the forecast period due to rapid increase number of small and medium enterprises engaged in IT infrastructure. Furthermore, China, India, and Japan are the prominent countries leading in the Asia Pacific region. Additionally, Europe is expected to have substantial growth of the cloud ERP market owing to increase in demand for the ERP system in the region.
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