Pune, India -- (SBWire) -- 05/14/2018 --The Global Cloud ERP Market accounted for USD 19.73 billion in 2016 growing at a CAGR of 11.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Cloud ERP is business management software that makes use of cloud-based platform in order to provide business with the better flexible systems. Cloud ERP combines all processes such as, product development, planning, manufacturing, sales and marketing. It enables a business to run smoothly. It is widely applicable in banking, financial services, and insurance, manufacturing, government and public sectors, aerospace and defense, education, it and telecom, healthcare, retail, and others. Increasing need for operational efficiency and transparency across various business processes may act as the major driver in the growth of cloud ERP market. On the other side, higher operational cost may hinder the market.
Competitive Analysis:
The report for cloud ERP market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major market drivers and restraints:
- Rising demand of ERP solutions and services from SMEs
- Increasing need for operational efficiency and transparency across various business processes
- Surging adoption of cloud-based infrastructures and mobile applications
- Higher operational cost
- Availability of open-source ERP applications
Top Competitors:
- Microsoft Corporation,
- Oracle,
- SAP SE,
- Infor,
- The Sage Group plc,
- Epicor Software Corporation,
- Sage Intacct, Inc.,
- FinancialForce,
- PLEX SYSTEMS,
- Ramco Systems,
- TOTVS,
- Daffodil Software Ltd.
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Cloud ERP Market to Be Worth USD 19.73 Billion in 2016 and Growing at CAGR of 11.8% Till 2024 – Global Market Analysis, Top Players Analysis