Cloud Erp Market

Cloud Erp Market

Cloud ERP Market Forecasts to 2030 - Global Analysis By Component (Solution, Services and Other Components), Deployment (Cloud, On-premise and Hybrid), Organization Size (Small & Medium Enterprises (SMEs) and Large Enterprises), Business Function, End User and By Geography

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Published: 2023 ID: SMRC23331

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2023)

US $75.69 BN

Projected Year Value (2030)

US $227.19 BN

CAGR (2023 - 2030)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market


According to Stratistics MRC, the Global Cloud ERP Market is accounted for $75.69 billion in 2023 and is expected to reach $227.19 billion by 2030 growing at a CAGR of 17.0% during the forecast period. ERP in the cloud is corporate management software that makes use of cloud-based platforms to enable organisations more flexible solutions. The planning, production, product development, marketing, and sales processes are all combined by the programme. Businesses may operate more efficiently and without many barriers thanks to technology. The manufacturing, aerospace and defence, information technology and telecommunications, retail, public administration and public sectors, healthcare, banking, and other financial and insurance services are just a few of the areas where it is extensively employed.

According to the IDC for 2020, the global digital transformation investment reached USD 1.5 trillion owing to a surge in investments by SMEs and large-scale organizations.

Market Dynamics:


Rising adoption of advanced technologies

Increased expenditures by the top companies in adopting these technologies for automating corporate operations, together with increased acceptance of AI-based and cloud-based enterprise resource planning software, will fuel market expansion. Major market participants make investments in cutting-edge software technologies including artificial intelligence (AI), cloud computing, machine learning, and others. For businesses, this service is accessible on laptops and mobile devices. Focus X is designed with applications for predictive analysis and forecasting in enterprises that are driven by machine learning and artificial intelligence. The aforementioned elements are regarded as some market trends for ERP software.


Difficulties in on-premises deployment models integration

Businesses have gradually begun integrating cloud enterprise resource planning services and solutions. Due to installation costs and system complexity, businesses still have a lot of trouble integrating new solutions with their current systems. For the new cloud-based ERP to function properly, it must be tightly integrated with the older systems that are currently in place. A few businesses still rely on their current systems, which are built on antiquated technology, because to a lack of resources. They include manual processes that take longer to complete and have a higher chance of error.


Growing need to streamline business processes and increase operational efficiency

Companies operating abroad have been compelled to adopt a variety of business models due to the requirement for operational efficiency and transparency in corporate procedures. Technology advancements reduce the complexity of Enterprise Resource Planning software systems and make it possible for third-party apps to more effectively maintain business procedures. To manage several company processes, including sales and marketing, purchasing, and supply chain management, organisations are searching for an integrated solution. The incorporation of ERP software has streamlined and improved corporate processes.


Few customisation possibilities

SaaS-based and PaaS-based cloud ERP solutions are the two different types of cloud ERP systems that vendors provide. Cloud-based solutions give businesses flexibility and scale, but at the expense of few customisation possibilities. At the moment, SaaS-based models include modifications in their basic product line. Enterprises that demand substantial modification, particularly in relation to key capabilities, find it challenging to make these adaptations on SaaS-based ERP, which results in a company' service provision breaking down. Few suppliers provide a single suite of solutions that cater to the majority of customer needs; the majority of companies offering cloud ERP include apps, such Human Capital Management (HCM) or CRM. These restrictions have an effect on cloud ERP adoption and would have an influence on market expansion.

Covid-19 Impact

Many small and medium-sized businesses have automated their business operations using digital techniques. For instance, the civil engineering company MacKay & Sposito had issues measuring the projects and its commercial operations in the second quarter of 2020. As a result, the business used an ERP software system to handle various activities, including finance, projects, and material management, and as a result, its cash flows and profitability. The COVID-19 epidemic has led to a growth in the use of digital technology platforms and government measures for digitalization, which has somewhat raised demand for ERP software.

The small & medium enterprises (SMEs) segment is expected to be the largest during the forecast period

The small & medium enterprises (SMEs) segment is estimated to have a lucrative growth, due to due to affordability and acceptance of emerging technologies. Reliability, scalability, integration, flexibility, and increased productivity are the main advantages for SMEs to use cloud system management solutions. SMEs are defined as businesses with between one and one thousand employees. To improve their company operations and compete with major corporations, SMEs invest in cloud ERP systems. SMEs may increase their total productivity by using cloud ERP systems to speed up production.

The BFSI segment is expected to have the highest CAGR during the forecast period

The BFSI segment is anticipated to witness the highest CAGR growth during the forecast period, as integrated banking ERP software promotes agility and innovation, draws insights to accurately anticipate, and provides the experiences customers demand. Considering that cloud ERP improves customer satisfaction and profitability, integrating it into the banking sector is a wise move for growing organisations. Secure transactions, live operation monitoring, 24x7 database availability with updates and maintenance, and appropriate research and assessment of banking operations are some of the crucial features that banking cloud ERP software provides.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to the increased business process efficiency. Therefore, major businesses are quickly using cloud ERP systems in order to profit from these technologies. Additionally, the features or capabilities of the solutions are improved by combining cloud ERP solutions with ERP. As major corporations and small and medium-sized businesses concentrate on creating cutting-edge cloud ERP systems that are coupled with cutting-edge technology like IoT and predictive maintenance, North America is predicted to promote market expansion. Additionally, due to its superior IT infrastructure and early embrace of cloud and mobile technologies, North America has lower operating costs.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period; owing to the development of technology and the rise of local manufacturing companies are the primary drivers of the expansion of the European market. Enterprise resource planning tools were used by 30% of small businesses and 80% of large organisations in 2019, According to the European Commission. The cloud ERP market in Germany had the highest market share, and the cloud ERP market in the UK had the fastest regional growth.

Key players in the market

Some of the key players profiled in the Cloud ERP Market include Microsoft, Plex systems, Ramco systems, Odoo, Tyler technologies, Syspro, Acumatica, Deltek, Openpro, 3i Infotech, QAD Inc, Sage software, Oracle, SAP, Tally solutions, Brightpearl, IBM Corporation and NetSuite Inc.

Key Developments:

In August 2022, SAP launched SAP S/4HANA Cloud, the aim of which is to automate SAP’s customer’s business processes wherever possible. Robotic Process Automation is a pillar of this transformation.

In July 2022, Infotech collaborated with Syntellis, a supplier of enterprise resource solutions, to assist healthcare consumers in accessing Syntellis Axiom Healthcare Suite. This suite offers EPM tools with data-driven insights for enhancing the company’s operations.

In February 2022, SAP SE and IBM Corporation partnered to shift their enterprise resource planning (ERP) to the cloud.

Components Covered:
• Solution
• Services
• Other Components

Deployments Covered:
• Cloud
• On-premise
• Hybrid

Organization Sizes Covered:
• Small & Medium Enterprises (SMEs)
• Large Enterprises

Business Functions Covered:
• Human Capital Management
• Customer Management
• Supply Chain Management
• Inventory & Work Order Management
• Financial Management
• Other Business Functions

End Users Covered:
• Retail & Consumer Goods
• Healthcare & Life Sciences
• Manufacturing
• Transportation & Logistics
• IT & Telecom
• Government
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Cloud ERP Market, By Component
5.1 Introduction
5.2 Solution
5.3 Services
5.3.1 Professional Service
5.3.2 Advisory Service
5.4 Other Components

6 Global Cloud ERP Market, By Deployment
6.1 Introduction
6.2 Cloud
6.3 On-premise
6.4 Hybrid

7 Global Cloud ERP Market, By Organization Size
7.1 Introduction
7.2 Small & Medium Enterprises (SMEs)
7.3 Large Enterprises

8 Global Cloud ERP Market, By Business Function
8.1 Introduction
8.2 Human Capital Management
8.3 Customer Management
8.4 Supply Chain Management
8.5 Inventory & Work Order Management
8.6 Financial Management
8.7 Other Business Functions

9 Global Cloud ERP Market, By End User
9.1 Introduction
9.2 Retail & Consumer Goods
9.3 Healthcare & Life Sciences
9.4 Manufacturing
9.5 Transportation & Logistics
9.6 IT & Telecom
9.7 BFSI
9.8 Government
9.9 Other End Users

10 Global Cloud ERP Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Microsoft
12.2 Plex systems
12.3 Ramco systems
12.4 Odoo
12.5 Tyler technologies
12.6 Syspro
12.7 Acumatica
12.8 Deltek
12.9 Openpro
12.10 3i Infotech
12.11 QAD Inc.
12.12 Sage software
12.13 Oracle
12.14 SAP
12.15 Tally solutions
12.16 Brightpearl
12.17 IBM Corporation
12.18 NetSuite Inc.

List of Tables
1 Global Cloud ERP Market Outlook, By Region (2021-2030) ($MN)
2 Global Cloud ERP Market Outlook, By Component (2021-2030) ($MN)
3 Global Cloud ERP Market Outlook, By Solution (2021-2030) ($MN)
4 Global Cloud ERP Market Outlook, By Services (2021-2030) ($MN)
5 Global Cloud ERP Market Outlook, By Professional Service (2021-2030) ($MN)
6 Global Cloud ERP Market Outlook, By Advisory Service (2021-2030) ($MN)
7 Global Cloud ERP Market Outlook, By Other Components (2021-2030) ($MN)
8 Global Cloud ERP Market Outlook, By Deployment (2021-2030) ($MN)
9 Global Cloud ERP Market Outlook, By Cloud (2021-2030) ($MN)
10 Global Cloud ERP Market Outlook, By On-premise (2021-2030) ($MN)
11 Global Cloud ERP Market Outlook, By Hybrid (2021-2030) ($MN)
12 Global Cloud ERP Market Outlook, By Organization Size (2021-2030) ($MN)
13 Global Cloud ERP Market Outlook, By Small & Medium Enterprises (SMEs) (2021-2030) ($MN)
14 Global Cloud ERP Market Outlook, By Large Enterprises (2021-2030) ($MN)
15 Global Cloud ERP Market Outlook, By Business Function (2021-2030) ($MN)
16 Global Cloud ERP Market Outlook, By Human Capital Management (2021-2030) ($MN)
17 Global Cloud ERP Market Outlook, By Customer Management (2021-2030) ($MN)
18 Global Cloud ERP Market Outlook, By Supply Chain Management (2021-2030) ($MN)
19 Global Cloud ERP Market Outlook, By Inventory & Work Order Management (2021-2030) ($MN)
20 Global Cloud ERP Market Outlook, By Financial Management (2021-2030) ($MN)
21 Global Cloud ERP Market Outlook, By Other Business Functions (2021-2030) ($MN)
22 Global Cloud ERP Market Outlook, By End User (2021-2030) ($MN)
23 Global Cloud ERP Market Outlook, By Retail & Consumer Goods (2021-2030) ($MN)
24 Global Cloud ERP Market Outlook, By Healthcare & Life Sciences (2021-2030) ($MN)
25 Global Cloud ERP Market Outlook, By Manufacturing (2021-2030) ($MN)
26 Global Cloud ERP Market Outlook, By Transportation & Logistics (2021-2030) ($MN)
27 Global Cloud ERP Market Outlook, By IT & Telecom (2021-2030) ($MN)
28 Global Cloud ERP Market Outlook, By BFSI (2021-2030) ($MN)
29 Global Cloud ERP Market Outlook, By Government (2021-2030) ($MN)
30 Global Cloud ERP Market Outlook, By Other End Users (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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