The global cloud ERP market is expected to grow at a significant CAGR during the forecast period (2019-2025). The market growth is attributed to the growing need to optimize business processes and efficiently manage resource utilization across the enterprise. The role of ERP has been crucial in various business operations ranging from the back office to the integration of business processes. The increase in the demand for analytics and AI-based cloud ERP solution is expected to create significant growth opportunities for cloud ERP vendors.

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Increasing need to optimize business process and resources more efficiently, rising demand for more security and features such as disaster recovery plan and technological advancement in the area of IoT, AI, and cloud computing is triggering the growth of cloud ERP industry. The cloud ERP system provides actionable data and information to the company whereas, collecting accurate data is a continuous challenge for the ERP system.
Companies adopting cloud ERP software also focusing on how they can be effective in planning and managing rapid growth. Manufacturers tend to be more selective and successful with the growth strategies they pursue based on the insights gained from cloud-based ERP software to seek improvement in product quality and speed production. However, the high operational cost in using cloud-based ERP has affected the growth of the market. Additionally, increasing risk in storing information security hamper the growth of the cloud ERP market.

Major market players operating in the global cloud ERP market include Dassault Systemes S.A., Epicor Software Corp., IBM Corp., Microsoft Corp., Oracle Corp., and Sage Group PLC. In April 2019, Oracle Crop. raise its NetSuite portfolio in addition to planning and budgeting service. It enables enterprises to analyze the performance of the business in real-time. In October 2018, Blackbaud and Microsoft form a partnership in developing cloud solutions and targeting non-profit organizations.

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Current Market Trends Covered in the market report:
• Asia-Pacific is projected to exhibit the fastest growth in the global cloud ERP market during the forecast period.
• Merger and acquisitions amid key market players; escalating the market growth.
• Untapped opportunity for cloud ERP market in emerging countries.

Global Cloud ERP- Market Segmentation

By Application
• Finance and Accounting
• Sales and Marketing
• Inventory Management
• Others (Human Resource Management)
By End-User
• BFSI
• Manufacturing
• Defense
• IT
• Others (Healthcare, Education)

Global Cloud ERP- Market- Segmented by Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America

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