Cloud ERP has proved to be a boon in multiple ways. The technology implementation reduces cost as all computing infrastructure such as hardware and data servers are off-site. The need for IT support services is also minimal. Upfront for application software licenses, cost of maintaining and supporting those applications would all fall within a small budget, since the cloud vendor handles the updates and upgrades. Cloud ERP vendors significantly differ in their offerings, that is, technology, functionality and service. With technological breakthroughs, it is anticipated that ERP software, specifically for cloud computing environments would come with new and robust features that were never within the scope of the old technology. Cloud ERP would be a perfect platform for startup organizations and new business divisions within an existing company.
Based on the component type, the Cloud ERP market is segmented into Solution and Services. The Services market is segmented into Professional and Managed Services. Professional services are further segmented into Implementation, Consulting & Training and Support & Maintenance. Based on the function, the market is segmented into Operations, Marketing, Finance, Human Resource and Sales. The Organization Size highlighted in this report includes Small & Medium Sized and Large Enterprises. Based on Deployment Type, the market is segmented into Public, Private and Hybrid Cloud. The verticals covered under the report include BFSI, Manufacturing, Government, Aerospace & Defense, Education, Telecom & IT, Healthcare & Life Sciences, Retail and Others.
Based on Country, North America Cloud ERP market is segmented into US, Canada, Mexico, and Rest of North America. US remained the dominant Country in the North America Cloud ERP market in 2015. Mexico and Canada would witness promising CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Cloud ERP market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, HP Enterprise Company, oracle corporation, SAP SE, CA, Inc., Salesforce.com, Inc., Epicor Software Corporation and VMware, Inc.