Cloud ERP Market Worth Is Expected to Reach USD 29.84 Billion by 2021
The cloud Enterprise Resource Planning (ERP) market size is expected to grow from USD 18.52 Billion in 2016 to USD 29.84 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. The major growth drivers of the cloud ERP market include, rising adoption of cloud infrastructure and mobile applications, coupled with surge in demand from Small & Medium Enterprises (SMEs), owing to the increasing need to attain optimal business process efficiency and transparency.
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