Product Code: PM3926
The global cloud ERP market size is expected to reach USD 239.23 billion by 2032, according to a new study by Polaris Market Research. The report "Cloud ERP Market Share, Size, Trends, Industry Analysis Report, By Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud); By Enterprise Size, By Function; By End-Use Industry; By Region; Segment Forecast, 2024- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Cloud ERP systems represent a significant advancement in how businesses manage their operations and resources. The advantages they offer in terms of cost-efficiency, scalability, accessibility, real-time insights, and security are driving their widespread adoption.
However, businesses must also consider factors like data security concerns, integration challenges, and customization limitations when implementing a Cloud ERP solution. With careful planning and consideration, Cloud ERP has the potential to revolutionize operations and drive businesses toward greater success in the digital age.
The surge in popularity of cloud-based ERP solutions can be attributed to their capacity to elevate operational efficiency and drive overall business productivity. The pervasive trend of digitization propels the global adoption of cloud ERP. Moreover, these systems provide a wide array of advantages, ranging from real-time insights and mobile accessibility to reduced costs, streamlined automation, and robust security measures.
However, high implementation and operational expenses serve as a constraint on market growth. Additionally, the cloud enterprise resource planning (ERP) sector is likely to encounter competition from open-source ERP applications in the foreseeable future. Despite the availability of open-source ERP software, the associated implementation costs could potentially restrict the overall growth of the ERP market.
Cloud ERP Market Report Highlights
The hybrid segment is expected to grow at the highest CAGR during the projected period on account of enhanced efficiency and an increase in optimization.
The large enterprise segment accounted for the largest market share in 2022, which is mainly driven by cost-effectiveness, higher performance, and flexibility.
The finance segment is expected to witness the highest growth during the forecast period. This is exceptional scalability, enabling seamless integration across a wide array of companies, thereby addressing a comprehensive range of functions.
IT & Telecom segment held a significant market revenue share in 2022, owing to technological advancements.
North America region dominated the market with a majority share in 2022, owing to increasing adoption of hybrid cloud strategies.
The global key market players include: Oracle, SAP SE, Microsoft Corporation, Plex Systems, Inc., and Ramco Systems Limited.
Polaris Market Research has segmented the cloud ERP market report based on deployment type, enterprise size, function, end-use industry, and region:
Cloud ERP, Deployment Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Public Cloud
- Private Cloud
- Hybrid Cloud
Cloud ERP, Enterprise Size Outlook (Revenue - USD Billion, 2019 - 2032)
- Large Enterprise
- Small & Medium Enterprise
Cloud ERP, Function Outlook (Revenue - USD Billion, 2019 - 2032)
- Human Resource
- Finance
- Supply Chain
- Others
Cloud ERP, End-Use Industry Outlook (Revenue - USD Billion, 2019 - 2032)
- IT & Telecom
- BFSI
- Manufacturing
- Retail
- Government
- Others
Cloud ERP, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Cloud ERP Market Insights
- 4.1. Cloud ERP - Industry Snapshot
- 4.2. Cloud ERP Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increased initiatives for digital transformation is projected to spur the product demand
- 4.2.1.2. Growing adoption of cloud ERP solutions among various industries
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Security is a significant concern in the adoption of cloud ERP solutions
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Cloud ERP Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Cloud ERP Market, by Deployment Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 5.3. Public Cloud
- 5.3.1. Global Cloud ERP Market, by Public Cloud, by Region, 2019-2032 (USD Billion)
- 5.4. Private Cloud
- 5.4.1. Global Cloud ERP Market, by Private Cloud, by Region, 2019-2032 (USD Billion)
- 5.5. Hybrid Cloud
- 5.5.1. Global Cloud ERP Market, by Hybrid Cloud, by Region, 2019-2032 (USD Billion)
6. Global Cloud ERP Market, by Enterprise Size
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 6.3. Large Enterprise
- 6.3.1. Global Cloud ERP Market, by Large Enterprise, by Region, 2019-2032 (USD Billion)
- 6.4. Small & Medium Enterprise
- 6.4.1. Global Cloud ERP Market, by Small & Medium Enterprise, by Region, 2019-2032 (USD Billion)
7. Global Cloud ERP Market, by End-Use Industry
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 7.3. IT & Telecom
- 7.3.1. Global Cloud ERP Market, by IT & Telecom, by Region, 2019-2032 (USD Billion)
- 7.4. BFSI
- 7.4.1. Global Cloud ERP Market, by BFSI, by Region, 2019-2032 (USD Billion)
- 7.5. Manufacturing
- 7.5.1. Global Cloud ERP Market, by Manufacturing, by Region, 2019-2032 (USD Billion)
- 7.6. Retail
- 7.6.1. Global Cloud ERP Market, by Retail, by Region, 2019-2032 (USD Billion)
- 7.7. Government
- 7.7.1. Global Cloud ERP Market, by Government, by Region, 2019-2032 (USD Billion)
- 7.8. Others
- 7.8.1. Global Cloud ERP Market, by Others, by Region, 2019-2032 (USD Billion)
8. Global Cloud ERP Market, by Function
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 8.3. Human Resource
- 8.3.1. Global Cloud ERP Market, by Human Resource, by Region, 2019-2032 (USD Billion)
- 8.4. Finance
- 8.4.1. Global Cloud ERP Market, by Finance, by Region, 2019-2032 (USD Billion)
- 8.5. Supply Chain
- 8.5.1. Global Cloud ERP Market, by Supply Chain, by Region, 2019-2032 (USD Billion)
- 8.6. Others
- 8.6.1. Global Cloud ERP Market, by Others, by Region, 2019-2032 (USD Billion)
9. Global Cloud ERP Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Cloud ERP Market Assessment, By Geography, 2019-2032 (USD Billion)
- 9.3. Cloud ERP Market - North America
- 9.3.1. North America: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.3.2. North America: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.3.3. North America: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.3.4. North America: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.3.5. Cloud ERP Market - U.S.
- 9.3.5.1. U.S.: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.3.5.2. U.S.: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.3.5.3. U.S.: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.3.5.4. U.S.: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.3.6. Cloud ERP Market - Canada
- 9.3.6.1. Canada: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.3.6.2. Canada: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.3.6.3. Canada: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.3.6.4. Canada: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.4. Cloud ERP Market - Europe
- 9.4.1. Europe: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.4.2. Europe: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.4.3. Europe: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.4.4. Europe: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.4.5. Cloud ERP Market - UK
- 9.4.5.1. UK: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.4.5.2. UK: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.4.5.3. UK: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.4.5.4. UK: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.4.6. Cloud ERP Market - France
- 9.4.6.1. France: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.4.6.2. France: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.4.6.3. France: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.4.6.4. France: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.4.7. Cloud ERP Market - Germany
- 9.4.7.1. Germany: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.4.7.2. Germany: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.4.7.3. Germany: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.4.7.4. Germany: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.4.8. Cloud ERP Market - Italy
- 9.4.8.1. Italy: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.4.8.2. Italy: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.4.8.3. Italy: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.4.8.4. Italy: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.4.9. Cloud ERP Market - Spain
- 9.4.9.1. Spain: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.4.9.2. Spain: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.4.9.3. Spain: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.4.9.4. Spain: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.4.10. Cloud ERP Market - Netherlands
- 9.4.10.1. Netherlands: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.4.10.2. Netherlands: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.4.10.3. Netherlands: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.4.10.4. Netherlands: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.4.11. Cloud ERP Market - Russia
- 9.4.11.1. Russia: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.4.11.2. Russia.: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.4.11.3. Russia: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.4.11.4. Russia: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.5. Cloud ERP Market - Asia Pacific
- 9.5.1. Asia Pacific: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.5.2. Asia Pacific: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.5.3. Asia Pacific: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.5.4. Asia Pacific: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.5.5. Cloud ERP Market - China
- 9.5.5.1. China: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.5.5.2. China.: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.5.5.3. China: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.5.5.4. China: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.5.6. Cloud ERP Market - India
- 9.5.6.1. India: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.5.6.2. India.: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.5.6.3. India: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.5.6.4. India: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.5.7. Cloud ERP Market - Japan
- 9.5.7.1. Japan: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.5.7.2. Japan.: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.5.7.3. Japan: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.5.7.4. Japan: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.5.8. Cloud ERP Market - Malaysia
- 9.5.8.1. Malaysia: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.5.8.2. Malaysia.: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.5.8.3. Malaysia: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.5.8.4. Malaysia: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.5.9. Cloud ERP Market - Indonesia
- 9.5.9.1. Indonesia: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.5.9.2. Indonesia.: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.5.9.3. Indonesia: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.5.9.4. Indonesia: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.5.10. Cloud ERP Market - South Korea
- 9.5.10.1. South Korea: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.5.10.2. South Korea.: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.5.10.3. South Korea: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.5.10.4. South Korea: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.6. Cloud ERP Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.6.2. Middle East & Africa: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.6.3. Middle East & Africa: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.6.4. Middle East & Africa: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.6.5. Cloud ERP Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.6.5.2. Saudi Arabia: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.6.5.3. Saudi Arabia: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.6.5.4. Saudi Arabia: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.6.6. Cloud ERP Market - South Africa
- 9.6.6.1. South Africa: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.6.6.2. South Africa: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.6.6.3. South Africa: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.6.6.4. South Africa: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.6.7. Cloud ERP Market - Israel
- 9.6.7.1. Israel: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.6.7.2. Israel: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.6.7.3. Israel: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.6.7.4. Israel: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.6.8. Cloud ERP Market - UAE
- 9.6.8.1. UAE: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.6.8.2. UAE: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.6.8.3. UAE: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.6.8.4. UAE: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.7. Cloud ERP Market - Latin America
- 9.7.1. Latin America: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.7.2. Latin America: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.7.3. Latin America: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.7.4. Latin America: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.7.5. Cloud ERP Market - Mexico
- 9.7.5.1. Mexico: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.7.5.2. Mexico: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.7.5.3. Mexico: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.7.5.4. Mexico: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.7.6. Cloud ERP Market - Brazil
- 9.7.6.1. Brazil: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.7.6.2. Brazil: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.7.6.3. Brazil: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.7.6.4. Brazil: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
- 9.7.7. Cloud ERP Market - Argentina
- 9.7.7.1. Argentina: Cloud ERP Market, by Deployment Type, 2019-2032 (USD Billion)
- 9.7.7.2. Argentina: Cloud ERP Market, by Function, 2019-2032 (USD Billion)
- 9.7.7.3. Argentina: Cloud ERP Market, by Enterprise Size, 2019-2032 (USD Billion)
- 9.7.7.4. Argentina: Cloud ERP Market, by End-Use Industry, 2019-2032 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Acumatica Inc.
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Deltek, Inc.
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. Epicor Software Corporation
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. FinancialForce
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. IFS AB
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. Infor
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Microsoft Corporation
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. NetSuite Inc. (now Oracle NetSuite)
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Oracle Corporation
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. Plex Systems, Inc.
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. Ramco Systems Limited
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development
- 11.12. Rootstock Software
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Benchmarking
- 11.12.4. Recent Development
- 11.13. SAP SE
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Benchmarking
- 11.13.4. Recent Development
- 11.14. Sage Group plc
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Product Benchmarking
- 11.14.4. Recent Development
- 11.15. Workday, Inc.
- 11.15.1. Company Overview
- 11.15.2. Financial Performance
- 11.15.3. Product Benchmarking
- 11.15.4. Recent Development