Cloud-based ERP Market

Global Cloud-based ERP Market Size, Trends & Analysis - Forecasts to 2029 By Component (Solutions and Services), By Business Function (Finance & Accounting, Sales & Marketing, and Operations), By Vertical (BFSI, IT & Telecom, Government & Defense, Retail, Manufacturing, Education, Healthcare & Life Sciences, and Other Verticals), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Electronics, Semiconductors and Information & Communication Technology
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This report was recently updated on April 25 2024 with the latest and most recent market numbers

Global Cloud-based ERP Market Size

The global cloud-based enterprise resource planning (ERP) market is estimated to exhibit a CAGR of 17.6% from 2024 to 2029.

The primary factors propelling the market growth are the integration of analytics with cloud ERP and the rising adoption of software as a service (SaaS) solutions. Companies can get real-time data insights and sophisticated analytics tools by integrating analytics capabilities with cloud ERP systems. This gives decision-makers a competitive edge and better business outcomes by empowering them to make data-driven, more informed decisions. Additionally, deeper insight into a range of corporate processes, such as sales, inventory, finance, and consumer behavior, is made possible by analytics integration. Due to this transparency, companies can better spot trends, patterns, and potential bottlenecks, facilitating proactive decision-making and strategic planning. For instance, Oracle Corporation launched Accounting Hub Analytics in 2023 as a part of Oracle Fusion ERP Analytics to enable financial institutions to provide insights on accounting data.

The market is anticipated to grow due to the rising number of product launches and the growing enterprise adoption of the cloud ecosystem to save operating expenses. ERP providers aim to introduce cutting-edge features, functions, and services with every new product launch. Emerging technical advancements, industry-specific requirements, and changing client wants are frequently the focus of these advances. By offering differentiated solutions, vendors can attract new customers and retain existing ones, expanding their market share. For instance, SAP SE introduced a cloud-based ERP solution for midsize companies in 2023 to help them effectively manage their operations and meet the challenges of volatile marketplaces.

The rapid integration of artificial intelligence (AI) & machine learning (ML) technologies and increased initiatives for digital transformation propel market growth. Within cloud-based ERP systems, AI and ML algorithms can automate repetitive operations and optimize corporate processes. For instance, AI-enabled chatbots can respond to standard customer questions, and machine learning (ML) algorithms can improve supply chain and inventory management by forecasting demand and balancing stock levels. Since automation reduces human errors, increases efficiency, and frees workers to work on more strategic initiatives, it increases production and decreases costs for companies.

The need for industry-specific ERP solutions that are suited to the particular needs of companies in industries like manufacturing, healthcare, retail, and finance is growing. Cloud-based ERP providers have opportunities to create customized features and modules to meet the demands of various sectors. Moreover, with cloud-based ERP solutions, there is a growing opportunity to target mid-market and small-to-medium-sized enterprises (SMEs). These companies need scalable, affordable ERP solutions to optimize their operations and foster growth, even though they frequently have limited IT resources and finances.

However, the integration complexity of cloud-based ERP systems with existing on-premises systems and data security concerns hinder market growth.

global cloud-based erp market

Global Cloud-based ERP Market: By Component

The solutions segment is expected to hold the largest share of the market over the forecast period. The solutions segment comprises the primary cloud-based ERP software products, which include manufacturing, supply chain management, finance, and human resources modules, among others. These solutions serve as the foundation for an organization's ERP system, offering crucial features for handling various business procedures.

The services segment is expected to be the fastest-growing segment in the market from 2024-2029. Comprehensive implementation and integration services are frequently needed to customize cloud-based ERP systems to each organization's unique requirements. There is an increasing need for expert services to help with deployment, modification, and integration with existing platforms as more companies use cloud-based ERP solutions.

Global Cloud-based ERP Market: By Business Function

The finance & accounting segment is expected to hold the largest share of the market over the forecast period. Accounting and finance are essential functions for any company. They entail overseeing financial transactions, keeping tabs on spending, ensuring rules are followed, producing financial reports, and more. As they provide all-inclusive solutions for these tasks, cloud-based ERP systems appeal to companies looking to simplify their financial processes.

The operations segment is anticipated to be the fastest-growing segment in the market from 2024-2029. Companies use cloud-based ERP solutions and prioritize increasing their operational effectiveness. Operations management can significantly benefit from cloud-based ERP solutions' streamlined procedures, scalability, and real-time data access.

Global Cloud-based ERP Market: By Vertical

The manufacturing segment is expected to hold the largest share of the market over the forecast period. Complex procedures, including production scheduling, inventory control, supply chain management, quality assurance, and others, are frequently involved in manufacturing operations. Cloud-based ERP systems, which provide comprehensive solutions that combine and streamline these intricate processes, can help manufacturers gain more insight and control over their operations.

The IT & telecom segment is anticipated to be the fastest-growing segment in the market from 2024-2029. With companies progressively embracing cloud-based solutions to update their operations, the IT and telecom sectors are leading the way in digital transformation. This change is made possible by cloud-based ERP solutions, which offer a single platform for managing various company activities like finance, HR, project management, and customer relationship management.

asia pacific cloud-based erp market

Global Cloud-based ERP Market: By Region

North America is expected to be the largest region in the global market. The North American market is growing at a quick pace due to the increasing adoption of cloud technologies to boost corporate process efficiency. Companies in the region are generating profitable opportunities for small and medium-sized enterprises to advertise cloud technologies. For instance, Infor introduced the Three for Free initiative for smaller retailers in North America in 2021. The company offered three free user licenses with an Infor CloudSuite Distribution subscription to SMEs for a certain period of time.

Asia Pacific is anticipated to witness rapid growth during the forecast period. The increasing spending on public cloud services is driving the market growth in the Asia Pacific region. Public cloud services offer scalability and flexibility, allowing businesses in the Asia Pacific region to expand their IT infrastructure and resources as needed quickly. For instance, spending on cloud infrastructure services in the Asia Pacific region (apart from China) hit USD 8.7 billion in Q2 2022, up 35%, and accounted for 14% of total global cloud spending, according to Canalys.

Global Cloud-based ERP Market Share and Competitor Analysis

NetSuite ERP, Wrike, Acumatica, Rossum, Method:CRM, Scoro, Kechie, Tipalti, Brahmin Solutions, Odoo, Sage Intacct, SYSPRO, Oracle, Microsoft, SAP SE, Epicor, Brightpearl, Sage, and Certinia, among others, are some of the key players in the global cloud-based ERP market.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Cloud-based ERP Market: Recent Developments

In September 2023, Oracle and Mastercard partnered to help business customers automate business-to-business (B2B) payment transactions. Through the partnership, Oracle was able to integrate the Oracle Fusion Cloud ERP with banks, streamlining, restructuring, and automating the business-to-business payment process.

In October 2023, Acumatica announced improvements to Acumatica 2023 R2, their cloud-based ERP system. Several new features have been added, such as Acumatica Payments, access to Amazon's Seller Central marketplace, and the combination of Shopify's online sales with Acumatica's back-end fulfillment procedures.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL CLOUD-BASED ERP  MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2           Adjacent Market Opportunities

3.1.3           Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1           Market Drivers: Impact Analysis

3.2.2           Market Restraints: Impact Analysis

3.2.3           Market Opportunities: Impact Analysis

3.2.4           Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1           Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2           SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL CLOUD-BASED ERP MARKET, BY BUSINESS FUNCTION

4.1   Introduction

4.2   Cloud-based ERP Market: Business Function Scope Key Takeaways

4.3   Revenue Growth Analysis, 2023 & 2029

4.4   Finance & Accounting

4.4.1           Finance & Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

4.5   Sales & Marketing

4.5.1           Sales & Marketing Market Estimates and Forecast, 2021-2029 (USD Million)

4.6   Operations

4.6.1           Operations Market Estimates and Forecast, 2021-2029 (USD Million)

5          GLOBAL CLOUD-BASED ERP MARKET, BY VERTICAL

5.1   Introduction

5.2   Cloud-based ERP Market: Vertical Scope Key Takeaways

5.3   Revenue Growth Analysis, 2023 & 2029

5.4   BFSI

5.4.1           BFSI Market Estimates and Forecast, 2021-2029 (USD Million)

5.5   IT & Telecom

5.5.1           IT & Telecom Market Estimates and Forecast, 2021-2029 (USD Million)

5.6   Government & Defense

5.6.1           Government & Defense Market Estimates and Forecast, 2021-2029 (USD Million)

5.7   Retail

5.7.1           Retail Market Estimates and Forecast, 2021-2029 (USD Million)

5.8   Manufacturing

5.8.1           Manufacturing Market Estimates and Forecast, 2021-2029 (USD Million)

5.9   Education

5.9.1           Education Market Estimates and Forecast, 2021-2029 (USD Million)

5.10 Healthcare & Life Sciences

5.10.1        Healthcare & Life Sciences Market Estimates and Forecast, 2021-2029 (USD Million)

5.11 Other Verticals

5.11.1        Other Verticals Market Estimates and Forecast, 2021-2029 (USD Million)

6          GLOBAL CLOUD-BASED ERP MARKET, BY COMPONENT

6.1   Introduction

6.2   Cloud-based ERP Market: Component Scope Key Takeaways

6.3   Revenue Growth Analysis, 2023 & 2029

6.4   Solutions

6.4.1           Solutions Market Estimates and Forecast, 2021-2029 (USD Million)

6.5   Services

6.5.1           Services Market Estimates and Forecast, 2021-2029 (USD Million)

7          GLOBAL CLOUD-BASED ERP MARKET, BY REGION

7.1   Introduction

7.2   North America Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.1        By Business Function

7.2.2        By Vertical

7.2.3        By Component

7.2.4        By Country

7.2.4.1     U.S. Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.1.1        By Business Function

7.2.4.1.2        By Vertical

7.2.4.1.3        By Component

7.2.4.2     Canada Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.2.1        By Business Function

7.2.4.2.2        By Vertical

7.2.4.2.3        By Component

7.2.4.3     Mexico Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.3.1        By Business Function

7.2.4.3.2        By Vertical

7.2.4.3.3        By Component

7.3   Europe Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.1        By Business Function

7.3.2        By Vertical

7.3.3        By Component

7.3.4        By Country

7.3.4.1     Germany Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.1.1        By Business Function

7.3.4.1.2        By Vertical

7.3.4.1.3        By Component

7.3.4.2     U.K. Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.2.1        By Business Function

7.3.4.2.2        By Vertical

7.3.4.2.3        By Component

7.3.4.3     France Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.3.1        By Business Function

7.3.4.3.2        By Vertical

7.3.4.3.3        By Component

7.3.4.4     Italy Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.4.1        By Business Function

7.3.4.4.2        By Vertical

7.2.4.4.3        By Component

7.3.4.5     Spain Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.5.1        By Business Function

7.3.4.5.2        By Vertical

7.2.4.5.3        By Component

7.3.4.6     Netherlands Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.6.1        By Business Function

7.3.4.6.2        By Vertical

7.2.4.6.3        By Component

7.3.4.7     Rest of Europe Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.7.1        By Business Function

7.3.4.7.2        By Vertical

7.2.4.7.3        By Component

7.4   Asia Pacific Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.1        By Business Function

7.4.2        By Vertical

7.4.3        By Component

7.4.4        By Country

7.4.4.1     China Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.1.1        By Business Function

7.4.4.1.2        By Vertical

7.4.4.1.3        By Component

7.4.4.2     Japan Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.2.1        By Business Function

7.4.4.2.2        By Vertical

7.4.4.2.3        By Component

7.4.4.3     India Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.3.1        By Business Function

7.4.4.3.2        By Vertical

7.4.4.3.3        By Component

7.4.4.4     South Korea Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.4.1        By Business Function

7.4.4.4.2        By Vertical

7.4.4.4.3        By Component

7.4.4.5     Singapore Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.5.1        By Business Function

7.4.4.5.2        By Vertical

7.4.4.5.3        By Component

7.4.4.6     Malaysia Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.6.1        By Business Function

7.4.4.6.2        By Vertical

7.4.4.6.3        By Component

7.4.4.7     Thailand Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.7.1        By Business Function

7.4.4.7.2        By Vertical

7.4.4.7.3        By Component

7.4.4.8     Indonesia Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.8.1        By Business Function

7.4.4.8.2        By Vertical

7.4.4.8.3        By Component

7.4.4.9     Vietnam Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.9.1        By Business Function

7.4.4.9.2        By Vertical

7.4.4.9.3        By Component

7.4.4.10  Taiwan Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.10.1 By Business Function

7.4.4.10.2 By Vertical

7.4.4.10.3 By Component

7.4.4.11  Rest of Asia Pacific Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.11.1 By Business Function

7.4.4.11.2 By Vertical

7.4.4.11.3 By Component

7.5   Middle East and Africa Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.1        By Business Function

7.5.2        By Vertical

7.5.3        By Component

7.5.4        By Country

7.5.4.1     Saudi Arabia Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.1.1        By Business Function

7.5.4.1.2        By Vertical

7.5.4.1.3        By Component

7.5.4.2     U.A.E. Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.2.1        By Business Function

7.5.4.2.2        By Vertical

7.5.4.2.3        By Component

7.5.4.3     Israel Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.3.1        By Business Function

7.5.4.3.2        By Vertical

7.5.4.3.3        By Component

7.5.4.4     South Africa Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.4.1        By Business Function

7.5.4.4.2        By Vertical

7.5.4.4.3        By Component

7.5.4.5     Rest of Middle East and Africa Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.5.1        By Business Function

7.5.4.5.2        By Vertical

7.5.4.5.2        By Component

7.6   Central and South America Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.1        By Business Function

7.6.2        By Vertical

7.6.3        By Component

7.6.4        By Country

7.6.4.1     Brazil Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.1.1        By Business Function

7.6.4.1.2        By Vertical

7.6.4.1.3        By Component

7.6.4.2     Argentina Cloud-based ERP Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.2.1        By Business Function

7.6.4.2.2        By Vertical

7.6.4.2.3        By Component

7.6.4.3     Chile Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.3.1        By Business Function

7.6.4.3.2        By Vertical

7.6.4.3.3        By Component

7.6.4.4     Rest of Central and  South America Cloud-based ERP Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.4.1        By Business Function

7.6.4.4.2        By Vertical

7.6.4.4.3        By Component

8          COMPETITIVE LANDCAPE

8.1   Company Market Share Analysis

8.2   Four Quadrant Positioning Matrix

8.2.1        Market Leaders

8.2.2        Market Visionaries

8.2.3        Market Challengers

8.2.4        Niche Market Players

8.3   Vendor Landscape

8.3.1        North America

8.3.2        Europe

8.3.3        Asia Pacific

8.3.4        Rest of the World

8.4   Company Profiles  

8.4.1        NetSuite ERP

8.4.1.1 Business Description & Financial Analysis

8.4.1.2 SWOT Analysis

8.4.1.3 Products & Services Offered

8.4.1.4 Strategic Alliances between Business Partners

8.4.2        Wrike

8.4.2.1 Business Description & Financial Analysis

8.4.2.2 SWOT Analysis

8.4.2.3 Products & Services Offered

8.4.2.4 Strategic Alliances between Business Partners

8.4.3        Acumatica

8.4.3.1 Business Description & Financial Analysis

8.4.3.2 SWOT Analysis

8.4.3.3 Products & Services Offered

8.4.3.4 Strategic Alliances between Business Partners

8.4.4        Rossum

8.4.4.1 Business Description & Financial Analysis

8.4.4.2 SWOT Analysis

8.4.4.3 Products & Services Offered

8.4.4.4 Strategic Alliances between Business Partners

8.4.5        Method:CRM

8.4.5.1 Business Description & Financial Analysis

8.4.5.2 SWOT Analysis

8.4.5.3 Products & Services Offered

8.4.5.4 Strategic Alliances between Business Partners

8.4.6        Scoro

8.4.6.1 Business Description & Financial Analysis

8.4.6.2 SWOT Analysis

8.4.6.3 Products & Services Offered

8.4.6.4 Strategic Alliances between Business Partners

8.4.7        Kechie  

8.4.7.1 Business Description & Financial Analysis

8.4.7.2 SWOT Analysis

8.4.7.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.8        Tipalti

8.4.8.1 Business Description & Financial Analysis

8.4.8.2 SWOT Analysis

8.4.8.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.9        Brahmin Solutions

8.4.9.1 Business Description & Financial Analysis

8.4.9.2 SWOT Analysis

8.4.9.3 Products & Services Offered

8.4.9.4 Strategic Alliances between Business Partners

8.4.10       Odoo

8.4.10.1 Business Description & Financial Analysis

8.4.10.2 SWOT Analysis

8.4.10.3 Products & Services Offered

8.4.10.4 Strategic Alliances between Business Partners

8.4.11      Sage Intacct

8.4.11.1 Business Description & Financial Analysis

8.4.11.2 SWOT Analysis

8.4.11.3 Products & Services Offered

8.4.11.4 Strategic Alliances between Business Partners

8.4.12      SYSPRO

8.4.12.1 Business Description & Financial Analysis

8.4.12.2 SWOT Analysis

8.4.12.3 Products & Services Offered

8.4.12.4 Strategic Alliances between Business Partners

8.4.13      Oracle

8.4.13.1 Business Description & Financial Analysis

8.4.13.2 SWOT Analysis

8.4.13.3 Products & Services Offered

8.4.13.4 Strategic Alliances between Business Partners

8.4.14      Microsoft

8.4.14.1 Business Description & Financial Analysis

8.4.14.2 SWOT Analysis

8.4.14.3 Products & Services Offered

8.4.14.4 Strategic Alliances between Business Partners

8.4.15      SAP SE

8.4.15.1 Business Description & Financial Analysis

8.4.15.2 SWOT Analysis

8.4.15.3 Products & Services Offered

8.4.15.4 Strategic Alliances between Business Partners

8.4.16      Epicor

8.4.16.1 Business Description & Financial Analysis

8.4.16.2 SWOT Analysis

8.4.16.3 Products & Services Offered

8.4.16.4 Strategic Alliances between Business Partners

8.4.17      Brightpearl

8.4.17.1 Business Description & Financial Analysis

8.4.17.2 SWOT Analysis

8.4.17.3 Products & Services Offered

8.4.17.4 Strategic Alliances between Business Partners

8.4.18      Certinia

8.4.18.1 Business Description & Financial Analysis

8.4.18.2 SWOT Analysis

8.4.18.3 Products & Services Offered

8.4.18.4 Strategic Alliances between Business Partners

8.4.19      Other Companies

8.4.19.1 Business Description & Financial Analysis

8.4.19.2 SWOT Analysis

8.4.19.3 Products & Services Offered

8.4.19.4 Strategic Alliances between Business Partners

9          RESEARCH METHODOLOGY

9.1   Market Introduction

9.1.1        Market Definition

9.1.2           Market Scope & Segmentation

9.2   Information Procurement

9.2.1        Secondary Research

9.2.1.1 Purchased Databases

9.2.1.2 GMEs Internal Data Repository

9.2.1.3 Secondary Resources & Third Party Perspectives

9.2.1.4 Company Information Sources

9.2.2        Primary Research

9.2.2.1 Various Types of Respondents for Primary Interviews

9.2.2.2 Number of Interviews Conducted throughout the Research Process

9.2.2.3 Primary Stakeholders

9.2.2.4 Discussion Guide for Primary Participants

9.2.3        Expert Panels

9.2.3.1 Expert Panels Across 30+ Industry

9.2.4        Paid Local Experts

9.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

9.3   Market Estimation

9.3.1        Top-Down Approach

9.3.1.1 Macro-Economic Indicators Considered

9.3.1.2 Micro-Economic Indicators Considered

9.3.2        Bottom Up Approach

9.3.2.1 Company Share Analysis Approach

9.3.2.2 Estimation of Potential Product Sales

9.4   Data Triangulation

9.4.1        Data Collection

9.4.2           Time Series, Cross Sectional & Panel Data Analysis

9.4.3        Cluster Analysis

9.5   Analysis and Output

9.5.1           Inhouse AI Based Real Time Analytics Tool

9.5.2           Output From Desk & Primary Research

9.6   Research Assumptions & Limitations

9.7.1        Research Assumptions

9.7.2        Research Limitations

LIST OF TABLES

1 Global Cloud-based ERP Market, By Business Function, 2021-2029 (USD Mllion)

2 Finance & Accounting Market, By Region, 2021-2029 (USD Mllion)              

3 Sales & Marketing Market, By Region, 2021-2029 (USD Mllion)     

4  Operations Market, By Region, 2021-2029 (USD Mllion)    

5 Global Cloud-based ERP Market, By Vertical, 2021-2029 (USD Mllion)     

6 BFSI Market, By Region, 2021-2029 (USD Mllion)

7 IT & Telecom Market, By Region, 2021-2029 (USD Mllion)

8 Retail Market, By Region, 2021-2029 (USD Mllion)

9 Government & Defense Market, By Region, 2021-2029 (USD Mllion)

10 Manufacturing Market, By Region, 2021-2029 (USD Mllion)

11 Education Market, By Region, 2021-2029 (USD Mllion)

12 Healthcare & Life Sciences Market, By Region, 2021-2029 (USD Mllion)

13 Other Verticals Market, By Region, 2021-2029 (USD Mllion)

14 Global Cloud-based ERP Market, By Component, 2021-2029 (USD Mllion)

15 Solutions Market, By Region, 2021-2029 (USD Mllion)        

16 Services Market, By Region, 2021-2029 (USD Mllion)

17 Regional Analysis, 2021-2029 (USD Mllion)

18 North America Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

19 North America Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

20 North America Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

21 North America Cloud-based ERP Market, By Country, 2021-2029 (USD Million)

22 U.S Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

23 U.S Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

24 U.S Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

25 Canada Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

26 Canada Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

27 Canada Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

28 Mexico Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

29 Mexico Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

30 Mexico Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

31 Europe Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

32 Europe Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

33 Europe Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

34 Europe Cloud-based ERP Market, By COUNTRY, 2021-2029 (USD Million)

35 Germany Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

36 Germany Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

37 Germany Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

38 U.K Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

39 U.K Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

40 U.K Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

41 France Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

42 France Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

43 France Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

44 Italy Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

45 Italy Cloud-based ERP Market, By End Use , 2021-2029 (USD Million)

46 Italy Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

47 Spain Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

48 Spain Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

49 Spain Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

50 Rest Of Europe Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

51 Rest Of Europe Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

52 Rest of Europe Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

53 Asia Pacific Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

54 Asia Pacific Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

55 Asia Pacific Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

56 Asia Pacific Cloud-based ERP Market, By Country, 2021-2029 (USD Million)

57 China Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

58 China Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

59 China Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

60 India Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

61 India Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

62 India Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

63 Japan Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

64 Japan Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

65 Japan Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

66 South Korea Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

67 South Korea Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

68 South Korea Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

69 Singapore Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

70 Singapore Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

71 Singapore Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

72 Malaysia Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

73 Malaysia Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

74 Malaysia Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

75 Thailand Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

76 Thailand Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

77 Thailand Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

78 Indonesia Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

79 Indonesia Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

80 Indonesia Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

81 Vietnam Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

82 Vietnam Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

83 Vietnam Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

84 Taiwan Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

85 Taiwan Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

86 Taiwan Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

87 Rest of Asia Pacific Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

88 Rest of Asia Pacific Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

89 Rest of Asia Pacific Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

90 Middle East and Africa Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

91 Middle East and Africa Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

92 Middle East and Africa Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

93 Middle East and Africa Cloud-based ERP Market, By Country, 2021-2029 (USD Million)

94 Saudi Arabia Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

95 Saudi Arabia Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

96 Saudi Arabia Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

97 UAE Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

98 UAE Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

99 UAE Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

100 Israel Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

101 Israel Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

102 Israel Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

103 South Africa Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

104 South Africa Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

105 South Africa Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

106 Rest of Middle East and Africa Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

107 Rest of Middle East and Africa Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

108 Rest of Middle East and Africa Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

109 Central and South America Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

110 Central and South America Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

111 Central and South America Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

112 Central and South America Cloud-based ERP Market, By Country, 2021-2029 (USD Million)

113 Brazil Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

114 Brazil Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

115 Brazil Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

116 Argentina Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

117 Argentina Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

118 Argentina Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

119 Chile Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

120 Chile Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

121 Chile Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

122 Rest of Central and South America Cloud-based ERP Market, By Business Function, 2021-2029 (USD Million)

123 Rest of Central and South America Cloud-based ERP Market, By Vertical, 2021-2029 (USD Million)

124 Rest of Central and South America Cloud-based ERP Market, By Component, 2021-2029 (USD Million)

125 NetSuite ERP: Products & Services Offering

126 Wrike: Products & Services Offering            

127 Acumatica: Products & Services Offering 

128 Rossum: Products & Services Offering       

129 Method:CRM: Products & Services Offering             

130 ENGIE: Products & Services Offering             

131 Kechie : Products & Services Offering         

132 Tipalti: Products & Services Offering           

133 Brahmin Solutions, Inc: Products & Services Offering    

134 Odoo: Products & Services Offering             

135 Sage Intacct: Products & Services Offering

136 SYSPRO: Products & Services Offering         

137 Oracle: Products & Services Offering         

138 Microsoft: Products & Services Offering 

139 Epicor: Products & Services Offering          

140 Brightpearl: Products & Services Offering             

141 Certinia: Products & Services Offering      

142 SAP SE: Products & Services Offering           

143 Other Companies: Products & Services Offering                  

LIST OF FIGURES

1 Global Cloud-based ERP Market Overview

2 Global Cloud-based ERP Market Value From 2021-2029 (USD Mllion)

3 Global Cloud-based ERP Market Share, By Business Function (2023)

4 Global Cloud-based ERP Market Share, By Vertical (2023)

5 Global Cloud-based ERP Market Share, By Component (2023)

6 Global Cloud-based ERP Market, By Region (Asia Pacific Market)

7 Technological Trends In Global Cloud-based ERP Market

8 Four Quadrant Competitor Positioning Matrix

9 Impact Of Macro & Micro Indicators On The Market

10 Impact Of Key Drivers On The Global Cloud-based ERP Market

11 Impact Of Challenges On The Global Cloud-based ERP Market

12 Porter’s Five Forces Analysis

13 Global Cloud-based ERP Market: By Business Function Scope Key Takeaways

14 Global Cloud-based ERP Market, By Business Function Segment: Revenue Growth Analysis

15 Finance & Accounting Market, By Region, 2021-2029 (USD Mllion) 

16 Sales & Marketing Market, By Region, 2021-2029 (USD Mllion)

17 Operations Market, By Region, 2021-2029 (USD Mllion)

18 Global Cloud-based ERP Market: By Vertical Scope Key Takeaways

19 Global Cloud-based ERP Market, By Vertical Segment: Revenue Growth Analysis

20 BFSI Market, By Region, 2021-2029 (USD Mllion)       

21 IT & Telecom Market, By Region, 2021-2029 (USD Mllion)

22 Retail Market, By Region, 2021-2029 (USD Mllion)

23 Government & DefenseMarket, By Region, 2021-2029 (USD Mllion)

24 Manufacturing Market, By Region, 2021-2029 (USD Mllion)

25 Education Market, By Region, 2021-2029 (USD Mllion)

26 Healthcare & Life Sciences Market, By Region, 2021-2029 (USD Mllion)

27 Other Verticals Market, By Region, 2021-2029 (USD Mllion)

28 Global Cloud-based ERP Market: By Component Scope Key Takeaways

29 Global Cloud-based ERP Market, By Component Segment: Revenue Growth Analysis

30 Solutions Market, By Region, 2021-2029 (USD Mllion)

31 Services Market, By Region, 2021-2029 (USD Mllion)

32 Regional Segment: Revenue Growth Analysis

33 Global Cloud-based ERP Market: Regional Analysis

34 North America Cloud-based ERP Market Overview

35 North America Cloud-based ERP Market, By Business Function

36 North America Cloud-based ERP Market, By Vertical

37 North America Cloud-based ERP Market, By Component

38 North America Cloud-based ERP Market, By Country

39 U.S. Cloud-based ERP Market, By Business Function

40 U.S. Cloud-based ERP Market, By Vertical

41 U.S. Cloud-based ERP Market, By Component

42 Canada Cloud-based ERP Market, By Business Function

43 Canada Cloud-based ERP Market, By Vertical

44 Canada Cloud-based ERP Market, By Component

45 Mexico Cloud-based ERP Market, By Business Function

46 Mexico Cloud-based ERP Market, By Vertical

47 Mexico Cloud-based ERP Market, By Component

48 Four Quadrant Positioning Matrix

49 Company Market Share Analysis

50 NetSuite ERP: Company Snapshot

51 NetSuite ERP: SWOT Analysis

52 NetSuite ERP: Geographic Presence

53 Wrike: Company Snapshot

54 Wrike: SWOT Analysis

55 Wrike: Geographic Presence

56 Acumatica: Company Snapshot

57 Acumatica: SWOT Analysis

58 Acumatica: Geographic Presence

59 Rossum: Company Snapshot

60 Rossum: Swot Analysis

61 Rossum: Geographic Presence

62 Method:CRM: Company Snapshot

63 Method:CRM: SWOT Analysis

64 Method:CRM: Geographic Presence

65 Scoro: Company Snapshot

66 Scoro: SWOT Analysis

67 Scoro: Geographic Presence

68 Kechie : Company Snapshot

69 Kechie : SWOT Analysis

70 Kechie : Geographic Presence

71 Tipalti: Company Snapshot

72 Tipalti: SWOT Analysis

73 Tipalti: Geographic Presence

74 Brahmin Solutions, Inc.: Company Snapshot

75 Brahmin Solutions, Inc.: SWOT Analysis

76 Brahmin Solutions, Inc.: Geographic Presence

77 Odoo: Company Snapshot

78 Odoo: SWOT Analysis

79 Odoo: Geographic Presence

80 Sage Intacct: Company Snapshot

81 Sage Intacct: SWOT Analysis

82 Sage Intacct: Geographic Presence

83 SYSPRO: Company Snapshot

84 SYSPRO: SWOT Analysis

85 SYSPRO: Geographic Presence

86 Oracle: Company Snapshot

87 Oracle: SWOT Analysis

88 Oracle: Geographic Presence

89 Microsoft: Company Snapshot

90 Microsoft: SWOT Analysis

91 Microsoft: Geographic Presence

92 Epicor: Company Snapshot

93 Epicor: SWOT Analysis

94 Epicor: Geographic Presence

95 Brightpearl: Company Snapshot

96 Brightpearl: SWOT Analysis

97 Brightpearl: Geographic Presence

98 Certinia: Company Snapshot

99 Certinia: SWOT Analysis

100 Certinia: Geographic Presence

101 SAP SE: Company Snapshot

102 SAP SE: SWOT Analysis

103 SAP SE: Geographic Presence

104 Other Companies: Company Snapshot

105 Other Companies: SWOT Analysis

106 Other Companies: Geographic Presence 

The Global Cloud-based ERP Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Cloud-based ERP Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Cloud-based ERP Market.

Cloud-based ERP Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Cloud-based ERP Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Cloud-based ERP Market Share

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Frequently Asked Questions

The global cloud-based enterprise resource planning (ERP) market is estimated to exhibit a CAGR of 17.6% from 2024 to 2029.
NetSuite ERP, Wrike, Acumatica, Rossum, Method:CRM, Scoro, Kechie, Tipalti, Brahmin Solutions, Odoo, Sage Intacct, SYSPRO, Oracle, Microsoft, SAP SE, Epicor, Brightpearl, Sage, and Certinia, among others, are some of the key players in the global cloud-based ERP market.
The need for industry-specific ERP solutions that are suited to the particular needs of companies in industries like manufacturing, healthcare, retail, and finance is growing. Cloud-based ERP providers have opportunities to create customized features and modules to meet the demands of various sectors. Moreover, with cloud-based ERP solutions, there is a growing opportunity to target mid-market and small-to-medium-sized enterprises (SMBs). These companies need scalable, affordable ERP solutions to optimize their operations and foster growth, even though they frequently have limited IT resources and finances.
The primary factors propelling the market growth are the integration of analytics with cloud ERP and the rising adoption of software as a service (SaaS) solution. Additionally, the market is anticipated to grow as a result of the rising number of product launches, increased initiatives for digital transformation, and the growing enterprise adoption of the cloud ecosystem to save operating expenses.

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