The cloud based ERP market grew at a CAGR 6.38 % in the period 2011-2015 and in the period 2016-2021, the growth rate is expected to be at 8.30%, according to the “Global Cloud ERP Market: Trends, Opportunities and Forecasts (2016-2021)”.
The market is driven by surging adoption of cloud based ERP solutions in education and retail along with growing adoption of cloud based services in healthcare industry.
In terms of segmentation, market is categorized on basis of sectors – By Deployment models, By Industry Verticals and By End Users. In terms of region, North America has the fastest adoption rate of cloud based services with maximum market share in United States, while APAC region has a lot more growth opportunities accompanied with huge growth potential in the Australia and Japanese market.
With the industry witnessing significant growth rate, it is anticipated that the Cloud ERP market will exhibit higher growth in the forecast period as well. Gradual upsurge in the investments by the government in healthcare services and education sector accompanied with the rising demand of cloud based services will drive higher growth rate in the future.
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)” analyses the potential of Global Cloud ERP market and provides statistics and information on market size, shares and trends. The report intends to provide cutting-edge market intelligence. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Cloud ERP market.
Key Topics Covered:
The objective of the research is to present the historical growth (2010-2015) and the future projections (2016-2021) of the global cloud ERP market (global, regional, country-specific).
Historical market trend of Cloud ERP has been figured out through secondary research (associations, annual reports, magazines, journals) and by various paid databases.
Extensive primary research was conducted and experts from the industry were interviewed for presenting the dynamics of the industry and future projections.
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Do You Know How ERP Systems Have Evolved Up Until 2019?