San Francisco, California, May 16, 2017: TMR Research discusses the various opportunities and restraints for cloud ERP solutions in “Cloud ERP Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” Cloud enterprise resource planning implies the usage of cloud computing to enable business and enterprises to generate faster and smoother business operations. Several organizations have shown high level process transformations through the successful use of cloud ERP. The usage of cloud computing has made the provision of ERP solutions a lot easier through the use of leading technologies. Cloud infrastructure can be easily use and at much lower costs than hosting local servers.
One of the leading factors fueling the growth of the global Cloud ERP market currently is the increasing scope of usage in various applications for organizations of all sizes. The use of cloud computing has known to be a highly preferred mode of business due to the lower costs organizations incur through its use, as compared to having in-house servers and service teams. This is creating a massive demand for the cloud ERP market from small and medium enterprises, which could not earlier avail a majority of ERP solutions due to their higher costs. SMEs are being pulled towards the cloud ERP market to generate business process optimization, higher process efficiency, and business transparency. The diversity of SMEs across multiple business verticals is expected to continuously drive the cloud ERP market for the coming years.
The global cloud ERP market is segmented on the basis of function, verticals, deployment modes, components, and organization sites.
Regionally speaking, the global cloud ERP market can be segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Among these regions, the market has so far been led by North America, followed by Europe. The scope of cloud ERP in North America has been massive over the recent past, and is likely to remain a highly opportune field for most prominent players in the market. Both North America and Europe already hold the presence of most of the leading players in the cloud ERP market, giving them a greater impetus over other regions.
At the same time, Asia Pacific is expected to generate a phenomenal demand for cloud ERP due to a booming ICT industry, supported by the presence of leading global entities as well as SMEs.
The leading players in the cloud ERP market to date, have included Microsoft Corporation, SAP SE, Sage Software Inc., Intacct Corporation, PLex Systems Inc., Oracle Corporation, Infor, Epicor Software Corporation, Finacialforce.com, and Ramco Systems.