Published on : Aug 08, 2016
ALBANY, New York, August 08, 2016: ResearchMoz.us has added a new report on the global cloud ERP market to its database of research reports. The report studies the current situation and the changing trends in the global market. As per the report, the implementation of cloud-based ERP solutions is growing across the globe – not only in IT companies, but also in other sectors. Ever since cloud computing was first introduced, it has been in demand from many industries. Customized cloud-based ERP solutions have been adopted by many organizations to fulfill their business needs. The growing introduction of cloud ERP by mid-size organizations is a boost for the global market, as this can give rise to innovations and customized cloud services.
The report, titled ‘Global Cloud ERP Market: Trends, Opportunities and Forecasts (2016-2021) (By End-User - Small, Medium, Large Companies, By Deployment - Private, Public, Hybrid: By Industry Verticals: By Region - N. America, Europe, APAC: By Country - USA, Australia, Canada, Germany, UK, Japan),’ states that the market exhibited a 6.38% CAGR during the period from 2011 to 2015. As per the findings of the report, the global cloud ERP market is expected to exhibit an 8.30% CAGR from 2016 to 2020.
The report lists the key companies operating in the global cloud ERP market. Currently, companies such as Ramco System, Salesforce.com, QAD, and Netsuite, Inc. are dominating the global market. The report predicts that the entry of new companies will make the global cloud ERP market highly competitive in the near future. Key companies are currently engaged in designing and developing cloud-based ERP solutions to meet the needs of the education and retail industries. The adoption of cloud-based ERP services is expected to increase in the healthcare industry, predict the analysts. Going forward, the rising adoption of cloud ERP in SMBs is expected to further drive the global market.
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The demand for large storage services is increasing across all industries. Additionally, the need to enable on-demand access to large amounts of data is also increasing. This has boosted the demand for cloud-based ERP services.
For a detailed analysis, the analysts have segmented the global cloud ERP market on the basis of region, end use, deployment model, country, and industry verticals. Based on region, currently North America leads the global cloud ERP market with the largest adoption. Large, small, and medium enterprises are some of the end users of cloud-based ERP services. Private, public, and hybrid are the primary deployment types of cloud ERP services.
Cloud ERP finds application in industries such as oil and gas, manufacturing, healthcare, transportation, retail, and financial services. The growing application of cloud-based ERP services across various industries will benefit the global market, predict the analysts. For a detailed competitive analysis of key companies by country, the global cloud ERP market is divided into Japan, Australia, Germany, the U.S., Canada, and the U.K.
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