Authored By: Sarah
07 Aug 2023

Cloud ERP Market to witness massive growth of USD 15379.75 mn in revenue through 2023-2027  

Digital transformation and process automation across the world has increased the demand for Cloud ERP software from SMEs, and the demand for efficient business processes Cloud ERP market is all set to grow at a CAGR of 10.02 % between 2022 and 2027 followed by revenue growth of USD 15,379.75 million. 

Technavio's report captures the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. 

Navigating through the growth drivers of the Cloud ERP Market: It has been observed there is an upsurge in demand for process automation which is the primary growth driver of the market as 

  • It enables enterprises to digitize core business processes in highly complex and repetitive procedures followed by operational efficiency, personalized customer experiences, and time efficiency.
  • Possibilities of Integration with BPMaaS which can be further expanded by integrating other technologies like BPM, RPA, and AI, commonly known as intelligent automation.

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Cloud ERP Market at a Glance

Quick Glance on Market Trend: When it comes to the market trends increasing adoption of remote working models is empowered by the adoption of CRM, ERP, and SCM has allowed companies ease of communication and connection with their remote employees. Get a comprehensive report summary describing the market landscape in our data-backed report

Key Companies: Certinia Inc., Dassault Systemes SE, Deacom Inc., ECI Software Solutions Inc, Infor Inc., Microsoft Corp., Productoo, QAD Inc., Ramco Systems Ltd., Rockwell Automation Inc., etc are some of the major market contributors.

"Technavio's analysts have included detailed analyses of the competitive market landscape and vendors with a wider understanding of the business ecosystem." For more insights download our sample report today.

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