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Rise of Cloud-based ERP: Market Trends and Forecast

The cloud-based Enterprise Resource Planning (ERP) market has been experiencing robust growth in recent years, and this trend is expected to continue in the foreseeable future. Organizations across various industries are increasingly adopting cloud-based ERP solutions due to the numerous advantages they offer.

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Rise of Cloud-based ERP: Market Trends and Forecast

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  1. Cloud-based ERP Solutions: A Market Report on Driving Innovation and Agility in Enterprises According to a new report published by Allied Market Research, the global cloud- based ERP market was valued at $13,238 million in 2016, and is expected to reach $32,184 million by 2023, growing at a CAGR of 13.6% from 2017 to 2023. Cloud-based ERP, or Enterprise Resource Planning, refers to a type of business management software that is hosted on remote servers and accessed through the internet. ERP systems are designed to streamline and integrate various business processes and functions across an organization, providing a centralized and real- time view of data. The "cloud-based" aspect means that the software and its associated data are hosted on servers maintained by a third-party cloud service provider, rather than being installed on local servers or individual computers within an organization. Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.alliedmarketresearch.com/request-sample/4577 The cloud-based Enterprise Resource Planning (ERP) market has been experiencing robust growth in recent years, and this trend is expected to continue in the foreseeable future. Organizations across various industries are increasingly adopting cloud-based ERP solutions due to the numerous advantages they offer. Cloud-based ERP systems provide flexibility, scalability, and accessibility, allowing businesses to streamline their operations more efficiently. The shift towards remote and hybrid work models has further accelerated the adoption of cloud-based solutions, as they enable real-time collaboration and data access from anywhere. Additionally, cloud-based ERP solutions often come with lower upfront costs, reduced maintenance requirements, and automatic updates, making them more cost-effective for businesses of all sizes. As technology continues to evolve, the

  2. cloud-based ERP market is likely to witness sustained growth, driven by the ongoing digital transformation efforts of organizations seeking agile and innovative solutions to enhance their operational efficiency and competitiveness in the dynamic business landscape. The cloud-based ERP market is in its growth phase and is expected to grow at a CAGR of 13.6% during the forecast period. Rapid adoption of cloud-deployments in SMEs across various countries, increase in need for operational efficiency and transparency among various industry verticals, and growth in focus of organizations toward advanced technological solutions to help them in key decision-making drive the growth of the global cloud-based ERP market. Inquiry Before Purchasing The report focuses on growth prospects, restraints, and analysis of the global cloud- based ERP market trends. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global cloud-based ERP market share. Key Benefits of Cloud-based Enterprise Resource Planning (ERP) Market: •In-depth analysis of the global cloud-based ERP market and dynamics is provided to understand the market scenario. •Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities. •Porter’s Five Forces analysis examines the competitive structure of the cloud-based ERP market and provides a clear understanding of the factors that influence the market expansion. •A detailed analysis of the geographical segments enables identification of profitable segments for market players in the cloud-based ERP industry. •Comprehensive analyses of the trends, subsegments, and key revenue pockets are provided.

  3. •Detailed analyses of the key players operating in the cloud-based ERP industry and their business strategies are anticipated to assist stakeholders to take informed business decisions. Purchase Cloud-based Enterprise Resource Planning (ERP) Market Report Key Questions Answered in the Intelligent Study •What is the market size and growth rate of the global and regional market by various segments? •What is the market size and growth rate of the market for selective countries? •Which region or sub-segment is expected to drive the market in the forecast period? •What Factors are estimated to drive and restrain the market growth? •What are the key technological and market trends shaping the market? •What are the key opportunities in the market? •What are the key companies operating in the market? •Which company accounted for the highest market share? Segmental Analysis: By Industry Vertical •Manufacturing & Services •BFSI •Healthcare •Retail •Government •Aerospace & Defense

  4. •IT & Telecom •Others By Function •Finance •HUMAN RESOURCES •Supply Chain •Others By End User •Large Organization •Mid-size Organization •Small Organization By Region •North America (U.S., Canada) •Europe (Germany, UK, France, Rest of Europe) •Asia-Pacific (Japan, China, India, Rest of Asia-Pacific) •LAMEA (Latin America, Middle East, Africa) Major Market Players: • ORACLE CORPORATION, •MICROSOFT CORPORATION, •SAGE GROUP PLC, •UNIT4, •INFOR, •SAP SE,

  5. •EPICOR SOFTWARE CORPORATION, •SYSPRO, •IBM CORPORATION, •APTEAN About Us: Allied Market Research (AMR) is a full-service market research and business- consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains. Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa 5933 NE Wi Toll-Free: 1-800-792-5285 UK: +44-845-528-1300n Sivers Drive #205, Portland, OR 97220 United States Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com

  6. Web: https://www.alliedmarketresearch.com Follow Us on: LinkedIn Twitter

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