Global Cloud-based ERP Software Market: Overview
Enterprise resource planning or ERP is a business process management software designed to enable organizations use integrated application systems and thus manage their core business as well as take benefits from the automation of back office functions such as human resource. An ERP software combines all processes encompassed within a particular operation. These processes could be product development, planning, manufacturing, sales, and marketing. The technology therefore enables a business to function smoothly and automate its core operations.
Besides providing a holistic overview of the global cloud-based ERP software market, the report covers aspects such as investment feasibility and gauges the effect of Porter’s five forces on the overall market. It presents a complete study of the prevalent scenario, and provides refined outlook for future. The report also covers various micro- and macro-economic factors, essential for the market players to consider in order to have a smooth run in the industry.
Global Cloud-based ERP Software Market: Trends and Opportunities
The deployment of cloud-based ERP software has picked up pace in the last few years. As the technology allows workforce to access the information required for critical business decisions at any time and from anywhere, experts predict that tremendous growth is on cards. The technology also helps maintaining data-transparency on real-time basis within an organization, which fuels its deployment across industries further.
Cloud-based ERPs also help in reducing operational cost in IT enterprises, which is a chief driver of the market. Spurred by these benefits, the adoption of cloud-based ERP solutions is forecast to increase at a robust pace. The financial benefits it provides would further bolster its uptake worldwide. With ERP vendors now developing cloud-based solutions that will be accessible via mobile platforms such as smartphones and tablets, delivering solutions from the third-party vendor’s platform have become even easier. This will further aid the market’s growth in the coming years.
Global Cloud-based ERP Software Market: Regional Outlook
Regionally, North America has been the highest contributor to the ERP software market and thus reports strong potential for the cloud-based ERP software market as well. The region has been one of the earliest adopters of cloud-based ERP software and is exhibiting considerable technological advancements, which has created an environment conducive to the growth of the North America cloud-based ERP software market. Furthermore, with an increasing number of enterprises across the region opting for cloud-based ERP software, North America is forecast to remain a lucrative market through the course of the forecast period.
Besides this, Europe and Asia Pacific are expected to show speedy growth in the cloud-based ERP software market. The booming manufacturing industry and the mounting number of enterprises will boost the market in these regions. The cloud-based ERP software market will also gain from government support to deploying advanced IT infrastructure particularly across the emerging nations of Asia Pacific.
Global Cloud-based ERP Software Market: Vendor Landscape
The cloud-based ERP market is currently witnessing fierce competition among the leading players. In order to gain traction a majority of the companies operating in the market are offering highly customized ERP solutions to cater to the specific consumer needs. Currently, companies such as Microsoft Corporation, Oracle Corporation, Plex Systems, Epicor Software Company, and Daffodil Software Ltd.
Using SWOT analysis, the report also gauges the strengths and weaknesses of the key companies. The analysis also helps identifying threats and opportunities that the market players could witness in the forthcoming years.
Major regions studied under this report are:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.