The market is driven by surging adoption of cloud based ERP solutions in education and retail along with growing adoption in healthcare industry
Date: 21 July 2016
According to recently published Azoth Analytics report titled “Global Cloud ERP Market: Trends, Opportunities and Forecasts (2016-2021)
- (By End-User – Small, Medium, Large Companies, By Deployment – Private, Public, Hybrid; By Industry Verticals ; By Region – N. America, Europe, APAC; By Country - USA, Australia , Canada, Germany, UK, Japan)”, Global Cloud ERP Market grew at a CAGR of approximately 6.38% during 2011-2015. It is anticipated to grow at a CAGR of 8.30 % during the forecasted period 2016F-2021F on account of the increasing number of small and medium size business along with increase adoption of cloud based services in educational institutes. Moreover the emerging markets have shown a remarkable growth in recent years and this is anticipated to propel the demand for the cloud based services in the future.
In terms of segmentation, market is categorized on basis of sectors – By Deployment models, By Industry Verticals and By End Users . In terms of region, North America has the fastest adoption rate of cloud based services with maximum market share in United States, while APAC region has a lot more growth opportunities accompanied with huge growth potential in the Australia and Japanese market
With the industry witnessing significant growth rate, it is anticipated that the Cloud ERP market will exhibit higher growth in the forecast period as well. Gradual upsurge in the investments by the government in healthcare services and education sector accompanied with the rising demand of cloud based services will drive higher growth rate in the future.
The report titled " Global Cloud ERP Market: Trends, Opportunities and Forecasts (2016-2021
) - (By End-User – Small, Medium, Large Companies, By Deployment – Private, Public, Hybrid; By Industry Verticals ; By Region – N. America, Europe, APAC; By Country - USA, Australia , Canada, Germany, UK, Japan)” analyses the potential of Global Cloud ERP market and provides statistics and information on market size, shares and trends. The report intends to provide cutting-edge market intelligence. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Cloud ERP market.