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The global Cloud ERP Market Size is expected to attain a market size of $28.8 billion by 2022, growing at a CAGR of 8.6% during the forecast period.
Cloud computing (the cloud) is among the leading technologies, worldwide. Cloud computing, also called as on-demand computing, uses the Internet to share computing resources and store records or documents. The term cloud computing covers the entire range of activities from emailing or photo sharing on a commercial service such as Google to hosting the entire computing infrastructure from remote data centers. Enterprise resource planning is a term that is used for broad set of activities to help businesses to streamline vital aspects of the business such as purchasing and inventory management.
ERP applications are also widely used for finance and human capital management aspects of a business. Based on the component type, the Cloud ERP market is segmented into Solution and Services. The Services market is segmented into Professional and Managed Services. Professional services are further segmented into Implementation, Consulting & Training and Support & Maintenance. Based on the function, the market is segmented into Operations, Marketing, Finance, Human Resource and Sales.
The Organization Size highlighted in this report includes Small & Medium Sized and Large Enterprises. Based on Deployment Type, the market is segmented into Public, Private and Hybrid Cloud. The verticals covered under the report include BFSI, Manufacturing, Government, Aerospace & Defense, Education, Telecom & IT, Healthcare & Life Sciences, Retail and Others. Based on region, Cloud ERP market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific) and Latin America, and Middle East & Africa. North America remained the dominant region in the global Cloud ERP market in 2015. Asia-Pacific would witness promising CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Cloud ERP market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation,, HP Enterprise Company, oracle corporation, SAP SE, CA, Inc., Salesforce.com, Inc., Epicor Software Corporation and VMware, Inc.