Cloud ERP Solutions emerging as Key Underpinning to New Business Models

San Francisco, California, May 02, 2018: The rising adoption of cloud computing platforms and services by businesses in a wide range of industries to meet their computing infrastructural needs is a primary factor driving the cloud enterprise resource planning (ERP) market. The demand for remote data centers and virtual hosting by a growing number of organizations and enterprises world over to bring in process transformations is fortifying the demand for cloud ERP market. A new report by TMR Research, titled, “Cloud ERP Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025” takes a closer look at such trends and factors expected to greatly impact the dynamics of the market over the assessment period of 2017–2025.

Numerous advantages that cloud ERP solutions offers include the inherent scalability with resources, high flexibility, and reduced cost incurred in sever and storage maintenance. In this regard, small and medium enterprises find the adoption of cloud ERP solutions increasingly beneficial.

The growing popularity of hybrid ERP systems among enterprises wherein cloud ERP is integrated with legacy software is also catalyzing the growth of the market. Cloud ERP solutions are emerging as key underpinning to new business models in various industry verticals. The vastly rising demand for cloud ERP for managing various accounting and financing needs by companies is also accentuating the market’s growth.

Get Sample Copy of this Report @

https://www.tmrresearch.com/sample/sample?flag=B&rep_id=926

However, the marked difficulty in integrating cloud ERP with legacy systems in enterprises may serve as a bottleneck to the market’s growth. Nevertheless, over time, the transition to cloud solutions is expected to get smother and the deployment hassle-free. This will open large promising avenues in the global market.

Prominent players operating in the market include Intacct Corporation, Microsoft Corporation, Epicor Software Corporation, Finacialforce.com, Infor, Oracle Corporation, PLex Systems, Sage Software Inc., and SAP SE.

Cloud ERP Market to Reflect Steady Growth Rate by 2025

Global Cloud ERP Market : Snapshot

Cloud ERP or cloud enterprise resource planning refers to using cloud computing platforms and services for making business operations better and smoother. The introduction of these services has led to process transformation for several organizations and companies. Known as one of the leading technologies of the modern world, cloud computing entails usage of internet for storing records, documents, tools, and shared computing records. Adoption of this technology has allowed companies to host their complete computing infrastructure on virtual platforms through remote data centers. Today, cloud ERP is used for managing human capital, finance, and several other important aspects of a business.

In the coming years, analysts visualize that intelligent usage of cloud ERP application will reduce operational expenses. A key advantage of using these solutions will be the ability for organizations, businesses, and institutes to avoid the need to purchase servers, storage hardware, and thereby reduce the expenditure required for maintaining them. Despite the several benefits of using cloud ERP solutions, the technology comes with its set of disadvantages.

Request Sample Copy of the Report @

https://www.tmrresearch.com/sample/sample?flag=B&rep_id=926

The downside of deploying ERP software is the issue of integration of company’s legacy systems and ERP modules. Solutions that are designed to ensure this smooth transfer are expected to open up several new markets for the global cloud ERP market in the near future. Yet another key factor likely to support the growth of the global market is the confidence enjoyed by companies that their data is backed up at all times and that the solution comes with a disaster recovery plan.

Global Cloud ERP Market: Overview

The global cloud enterprise resource planning (ERP) market is expected to display double-digit growth rate in the coming years. Businesses are increasingly integrating cloud-based ERP applications with conventional ones, thereby creating hybrid ERP systems that can support new business models and can be scaled to serve new customer demands.

Request TOC of the Report @

https://www.tmrresearch.com/sample/sample?flag=T&rep_id=926

The cloud ERP market can be segmented by function, organization site, component, deployment mode, vertical, and region. In terms of function, finance is projected to display the highest growth rate in the coming years; this is mainly due to the need for efficient and reliable management of different financial activities such as assets management, cash flow management, accounting, and investments. However, operations stood as the largest function segment in the recent years due to the exponentially increasing demand for such solutions from various industry verticals for the execution of business processes.

In terms of component, managed services is expected to display the highest growth rate in the coming years, while professional services is expected to account for the largest share of the overall market. Furthermore, consulting professional services is expected to exhibit the highest growth rate in the coming years. In the recent past, implementation services accounted for a major share in the cloud professional services market due to the complexities involved in their integration with existing systems.

The report on the global cloud ERP market looks into the various growth factors and market opportunities along with factors holding back the market’s growth. The meticulous segmentation of the market covered in this report helps to comprehend the growth prospects of different segments, which in turn, assist to make strategic moves in this industry.

Read Comprehensive Overview of Report @

https://www.tmrresearch.com/cloud-erp-market

Global Cloud ERP Market: Drivers and Restraints

The rising adoption of cloud services and mobile applications along with the increasing demand from small and medium enterprises (SMEs) to attain optimum business process efficiency and transparency are the major factors driving the global cloud ERP market.

An increasing demand from SMEs and large enterprises from diverse industry verticals for hosted ERP services and solutions is further propelling the growth of the cloud ERP market. The increasing support from governments across the world for the advancement of IT infrastructure across enterprises is expected to boost the demand for such solutions.

Global Cloud ERP Market: Regional Outlook

The global cloud ERP market can be divided into the regional segments of North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America followed by Europe account for the largest revenue contribution to the global market. This is mainly due to the presence of established cloud ERP vendors and service providers in these regions. This is complemented with the early adoption of innovative technological solutions in the developed economies of the U.S., the U.K., and Canada.

However, Asia Pacific is projected to emerge as the fastest growing region in the global cloud ERP market due to the ever-increasing adoption of such solutions across both large and SMEs in this region.

Global Cloud ERP Market: Competitive Outlook

Some of the leading companies that offer cloud ERP solutions and services worldwide are Microsoft Corporation, SAP SE, Sage Software Inc., Intacct Corporation, PLex Systems Inc., Oracle Corporation, Infor, Epicor Software Corporation, Finacialforce.com, and Ramco Systems. The report looks into the both inorganic and organic growth strategies that have been employed by key vendors in this market. This includes innovative product launches, partnerships and collaborations, and mergers and acquisitions to expand their portfolio in the global cloud ERP market.

Cloud ERPs in High Demand by SMEs

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.