Cloud Based ERP Sector to Register 8.3% CAGR through 2021, Says Azoth Analytics in Its Cutting-Edge Report Available at MarketPublishers.com27 Jul 2016 • by Natalie Aster
LONDON – Recent years have seen the soaring acceptance of cloud-based ERP solutions in the education and retailing space coupled with the surging uptake of cloud-based services in the healthcare industry. Alongside this, the rising adoption of cloud-based services in SMEs is also contributing to the growth of this marketplace. Furthermore, the need to enable on-demand network access to computing and big storage facilities that are not available in the conventional IT domain is also stimulating the uptake of cloud-based services.
Region-wise, the most rapid adoption rate of cloud-based services is witnessed across North America with the USA taking the lead; whilst Asia-Pacific enjoys more growth opportunities, with significant growth potential observed in the Australian and Japanese marketplaces.
The worldwide cloud-based ERP market registered a CAGR of 6.38% during 2011-2015, with the growth rate likely to be 8.30% up to 2021-end. Ramco System, QAD, Salesforce.com, and Netsuite Inc., amid others, are the leading market participants.
New study “Global Cloud ERP Market: Trends, Opportunities and Forecasts (2016-2021)” drawn up by Azoth Analytics provides a granular overview of the market on a global scale. It provides market categorisation based on deployment model, industry verticals, end users, and by region and country. The study presents market size estimates by value, historical and projected, for the cloud ERP market worldwide, region- and country-wise. The report sheds light on the trends in the industry, canvasses key market challenges and driving factors, and also includes detailed Porter’s five forces analysis. The study offers detailed profiles of the top players and canvasses the overall competitive scenario. Furthermore, strategic recommendations are available in the report as well.
More studies by our partner can be found at Azoth Analytics page.