Global Cloud-based ERP Market is Growing at an Exponential Rate in Upcoming Years

Posted by ERP News on December 1, 2018

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The Global Cloud-based Enterprise Resource Planning (ERP) market is valued at 14700 million USD in 2017 and is expected to reach 31500 million USD by the end of 2023, growing at a CAGR of 13.6% between 2017 and 2023. Global Cloud-Based Enterprise Resource Planning (ERP) Market Research Report Provides Information On Products, Services, Trends, Top Companies, Verticals, Countries, Material, Application, And Geography Globally. This Report Will Help The Viewer In Better Decision Making.

Enterprise resource planning is a business application, which is useful for enterprises to integrate their business functionalities to achieve high efficiency and productivity. Cloud-based deployment platform has given a significant boost to the enterprise application software during the last few years. Furthermore, it focuses on the adoption of cloud-based ERP in various industry verticals such as manufacturing, healthcare, retail, government, BFSI, telecom, and others.

cloud-based ERP

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Scope of the Report:

This report studies the Cloud-based Enterprise Resource Planning (ERP) market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in gthe lobal market, and splits the Cloud-based Enterprise Resource Planning (ERP) market by product type and applications/end industries.
The major factors that drive the growth of the market are ithe ncrease in number of SMEs, need for obtaining higher operative efficiency and realization of competitive advantages achieved through implementation of cloud enterprise resource planning, rapid change in business models, and development in the cloud trend.

The Asia-Pacific will occupy for more market share in fthe ollowing years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from Uthe nited States might affect the development trend of Cloud-based Enterprise Resource Planning (ERP).
Europe also play important roles in gthe lobal market, with mthe arket size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.