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Global Cloud ERP Market – Industry Trends and Forecast to 2031

  • ICT
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Cloud ERP Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 51373.94 Million
Diagram Market Size (Forecast Year) USD 123889.44 Million
Diagram CAGR %

Global Cloud ERP Market, By Component (Solution, Software, Service), Product (Implementation and Integration, Advisory Services, Support and Maintenance, Managed Services), Development Model (On Premise Enterprise Resource Planning, Cloud Based Enterprise Resource Planning), Function (Operations, Human Resource (HR), Sales and Marketing, Finance and Accounting, Inventory and Order Management, Human Capital Management (HCM), Manufacturing Module, Others), Organization Size (Large Companies, Small and Mid-Sized Businesses), End User (Automotive, Aerospace and Defense, Healthcare and Life Sciences, Manufacturing, Retail and Consumer Goods, Banking, Financial Services, Insurance, Telecommunication and IT, Government and Public Sector, Education, Energy and Utilities,  Others) - Industry Trends and Forecast to 2031.

Cloud ERP Market Analysis and Size

Cloud ERP solutions are crafted to simplify the integration process with various software and services. They frequently incorporate open APIs (Application Programming Interfaces) and connectors, making the connection between the ERP system and a diverse array of third-party applications quite simple. This functionality empowers businesses to establish a more extensive and interconnected technological ecosystem, seamlessly integrating ERP with customer relationship management (CRM) systems, e-commerce platforms, analytics tools, and other applications that enhance operational efficiency.

Data Bridge Market Research analyzes that the global cloud ERP market, which was USD 51,373.94 million in 2024, is likely to reach USD 123,889.44 million by 2031 and is expected to undergo a CAGR of 11.63% during the forecast period. “Solution” dominates the component segment of the market due to rising demand for mobile biometric devices, the increased emphasis on hardware-centric security capabilities, and the expanding adoption of biometric technology in consumer electronics for authentication and identity applications.

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Cloud ERP Market Scope and Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Component (Solution, Software, Service), Product (Implementation and Integration, Advisory Services, Support and Maintenance, Managed Services), Development Model (On Premise Enterprise Resource Planning, Cloud Based Enterprise Resource Planning), Function (Operations, Human Resource (HR), Sales and Marketing, Finance and Accounting, Inventory and Order Management, Human Capital Management (HCM), Manufacturing Module, Others), Organization Size (Large Companies, Small and Mid-Sized Businesses), End User (Automotive, Aerospace and Defense, Healthcare and Life Sciences, Manufacturing, Retail and Consumer Goods, Banking, Financial Services, Insurance, Telecommunication and IT, Government and Public Sector, Education, Energy and Utilities,  Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa

Market Players Covered

Safran (France), NEC Technologies India Private Limited (India), FUJITSU (Japan), Aware, Inc. (U.S.), Gemalto Cogent, Inc. (U.S.), BIO-key International, Inc. (U.S.), Precise Biometrics AB (Sweden), secunet Security Networks AG. (Germany), Thales Group (France), Cognitec Systems GmbH (Germany), Crossmatch. (U.S.), Fulcrum Biometrics, LLC. (U.S.), Daon (Ireland), Facebanx (U.S.), HID Global Corporation/ASSA ABLOY AB. (U.S.), SUPREMA. (South Korea), IRITECH, INC. (U.S.), M2SYS Technology (U.S.)

Market Opportunities

  • Technological advancement

Market Definition

Enterprise resource planning (ERP) in the cloud is business management software that uses cloud-based platforms to give businesses more adaptable systems. The software combines the planning, manufacturing, product development, marketing, and sales processes. Technology helps companies to run smoothly and without many obstacles. It is widely used in many industries, including manufacturing, aerospace and defense, information technology and telecommunications, retail, public administration and public sectors, healthcare, banking, and other financial and insurance services.

Global Cloud ERP Market Dynamics

Driver

  • Increase In Demand of Bio Metric Technology in Consumer Electronics

The growing adoption of biometric technology as consumer prefer using devices that support bio matric  authentication and identification purposes, that driver propelling the market. This trend reflects increased demand for secure and convenient access control solutions across various industries, contributing to the market's expansion.

Restraint

  • Cost Associated With Bio Metric System

The high cost associated with implementing biometric systems, including hardware, software, and maintenance expenses, can act as a significant restraint for the market.

Opportunity

  • Technological Advancement

The emergence of AI-driven biometric devices and continuous technology enhancements offer significant growth opportunities for the global biometric systems market. AI enhances accuracy and usability, while ongoing advancements drive innovation, expanding the market's potential for more secure and efficient authentication and identification solutions.

Challenge

  • Data Security Concerns

As biometric data becomes more widespread, protecting this sensitive information from breaches and unauthorized access is paramount. Ensuring robust encryption, compliance with privacy regulations, and safeguarding against potential cyber threats is essential to maintain public trust and market growth.

This cloud ERP market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cloud ERP market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Development

  • In June 2021, pangiam has purchased trueface, a pioneer in facial recognition, computer vision, and artificial intelligence. Pangiam now has access to trueface technology like social distancing compliance monitoring and contactless temperature checks thanks to this acquisition
  • In May 2021, jumio and veridium have announced a collaboration to reduce the fraud cases faced by various organizations while accounting setup and subsequent access requests. This collaboration will deliver more identity verification capabilities and will offer multiple biometric modalities

Global Cloud ERP Market Scope

The cloud ERP market is segmented on the basis of component, product, development model, function, organization size, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

  • Solution
  • Software
  • Service

Product

  • Implementation and Integration
  • Advisory Services
  • Support and Maintenance
  • Managed Services

Development Model

  • On Premise Enterprise Resource Planning
  • Cloud Based Enterprise Resource Planning

Function

  • Operations
  • Human Resource (HR)
  • Sales and Marketing
  • Finance and Accounting
  • Inventory and Order Management
  • Human Capital Management (HCM)
  • Manufacturing Module
  • Others

Organization Size

  • Large Companies
  • Small
  • Mid-Sized Businesses

End User

  • Automotive
  • Aerospace and Defense
  • Healthcare and Life Sciences
  • Manufacturing
  • Retail and Consumer Goods
  • Banking
  • Financial Services
  • Insurance
  • Telecommunication and IT
  • Government and Public Sector
  • Education
  • Energy and Utilities  
  • Others

Global Cloud ERP Market Region Analysis/Insights

The cloud ERP market is analyzed and market size insights and trends are provided by country, component, product, development model, function, organization size, and end user as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of the Middle East and Africa.

North America is expected to dominate the market due to the high implementation of biometrics technology by security and government agencies within the region.

Asia Pacific is expected to observe significant amount of the market due to rising in concerns of safety and security and rising government projects that include e-passport, national identification programme. Implementation of a programme in the few countries such as China, India, Israel, Indonesia, and South Korea will boost the demand for cloud ERP market.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Competitive Landscape and Global Cloud ERP Market Share Analysis

The cloud ERP market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cloud ERP market.

Some of the major players operating in the cloud ERP market are:

  • Safran (France)
  • NEC Technologies India Private Limited (India)
  • FUJITSU (Japan)
  • Aware, Inc. (U.S.)
  • Gemalto Cogent, Inc. (U.S.)
  • BIO-key International, Inc. (U.S.)
  • Precise Biometrics AB (Sweden)
  • secunet Security Networks AG. (Germany)
  • Thales Group (France)
  • Cognitec Systems GmbH (Germany)
  • Crossmatch. (U.S.)
  • Fulcrum Biometrics, LLC. (U.S.)
  • Daon (Ireland)
  • Facebanx (U.S.)
  • HID Global Corporation/ASSA ABLOY AB. (U.S.)
  • SUPREMA. (South Korea)
  • IRITECH, INC. (U.S.)
  • M2SYS Technology (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The major companies in the Cloud ERP Market are Safran (France), NEC Technologies India Private Limited (India), FUJITSU (Japan), Aware, Inc. (U.S.), Gemalto Cogent, Inc. (U.S.), BIO-key International, Inc. (U.S.), Precise Biometrics AB (Sweden), secunet Security Networks AG. (Germany), Thales Group (France), Cognitec Systems GmbH (Germany), Crossmatch. (U.S.), Fulcrum Biometrics, LLC. (U.S.), Daon (Ireland), Facebanx (U.S.), HID Global Corporation/ASSA ABLOY AB. (U.S.), SUPREMA. (South Korea), IRITECH, INC. (U.S.), M2SYS Technology (U.S.).
The Cloud ERP Market growth rate is 11.63% during the forecast period.
The Increase In Demand of Bio Metric Technology in Consumer Electronics is the growth driver of the Cloud ERP Market.
The component, product, development model, function, organization size, and end-user are the factors on which the Cloud ERP Market research is based.
The Cloud ERP Market size will be worth USD 123,889.44 million by 2031 during the forecast period.
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