Cloud ERP Market Growth Report | 2022-2030

Cloud ERP Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Business Function (Finance and Accounting, Sales and Marketing, Inventory and Order Management, Human Capital Management, Others), Organization Size (Large Enterprises, SMEs), Vertical (Manufacturing, IT and Telecom, BFSI, Healthcare, Retail, Government, Aerospace and Defense, Others)

  • Report Code : TIPRE00004366
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 166
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[Research Report] The cloud ERP market is expected to grow from US$ 27.59 billion in 2022 and is expected to reach US$ 108.17 billion by 2030; it is estimated to record a CAGR of 18.6% from 2022 to 2030.

Cloud ERP Market: Analyst Perspective

Various companies are launching new cloud-based ERP software. For instance, in June 2023, 10X ERP announced the launch of its cloud-based ERP software, which is specifically designed to cater to the needs of small to medium-sized industrial distribution businesses. The solution offers an intuitive, user-friendly, and fast experience. Its core capabilities encompass a wide range of features, including sales and purchase order entry, inventory management, customer and vendor relationship management, real-time dashboards, a custom shipping integrator, QC management tools, and a robust, fully integrated accounting system that provides real-time data. Such initiatives by the market players are fueling the growth of cloud ERP in the market. In addition, the growing adoption of cloud ERP software in various industry verticals, including manufacturing, IT and telecom, BFSI, healthcare, retail, and others, is fueling the growth of the market. Furthermore, the growing technological advancement in the software is further expected to fuel the growth of the cloud ERP market

Cloud ERP Market Overview:

Cloud ERP is known as an enterprise resource planning software that can be accessed over the Internet. Hosted on a provider’s cloud computing platform, cloud ERP is typically delivered as a service (software-as-a-service or SaaS ERP). Cloud ERP software provides various advantages; one of the largest advantages of cloud ERP software is its almost limitless customizability. Add-on solutions, open APIs, industry-specific functions, and role-based dashboards allow companies to implement powerful decision-making tools, unparalleled data visibility, and a future-proof platform for success. Enterprises can implement chosen editions that have been designed to the needs of their specific industries—distribution, manufacturing, retail, and construction, among others. The field and office teams work in tandem to complete multiple projects under budget and on time, but challenges arise when they do not have efficient information. Construction-specific ERP software integrates applications and systems—including financials, job cost accounting, inventory, CRM, payroll, and project management, among others—for a complete, real-time view of the business that instantly connects all workers in the team.

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Cloud ERP Market: Strategic Insights

cloud-erp-market
Market Size Value inUS$ 27.59 billion in 2022
Market Size Value byUS$ 108.17 billion by 2030
Growth rateCAGR of 18.6% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Cloud ERP Market Driver:

Increasing Organizational Needs to Improve Staff Productivity and Efficiency Drive Cloud ERP Market Growth

Businesses are continuously seeking ways to boost their output and effectiveness in the current fast-paced, intensely competitive commercial landscape. Cloud-based enterprise resource planning (ERP) systems have garnered significant attention as they assist in business growth, collaborations, and effective operations. Cloud ERP offers a variety of benefits over traditional on-premise systems. Cloud-based systems are accessible from anywhere with an Internet connection. This means that employees can retrieve critical business collaboration data and perform tasks remotely. For example, sales representatives can access real-time inventory data while on the go, which allows them to execute timely customer interactions. Cloud ERP provides real-time data updates and analytics, which can be utilized to make informed decisions. For example, using data obtained from cloud ERP systems, managers can monitor inventory levels and demand in real-time, allowing for proactive restocking and optimized production schedules. Cloud ERP includes collaboration tools, which improve teamwork and coordination. For example, a cloud ERP system facilitates project management and collaboration among remote teams, streamlining project workflows and reducing errors. Further, cloud ERP can reduce operational costs by automating processes and reducing the need for on-premise infrastructure. According to the study of Nucleus Research, the return on investment (ROI) generated by cloud ERP is 3.2 times higher than the ROI conferred by on-premises ERP. Cloud ERP systems can be easily scaled up or down according to business needs. This flexibility is essential for organizations that experience fluctuations in demand. For example, upon implementation of a cloud ERP system, an e-commerce company can handle increased order volumes during the holiday season without investing in new infrastructure. Thus, an increasing organizational requirement to improve staff productivity and efficiency bolsters the demand for cloud ERP systems and are contributing to cloud ERP market growth.

Cloud ERP Market Report Segmentation and Scope:

The cloud ERP market is segmented on the basis of business function, organization size, and vertical. Based on business function, the cloud ERP market is segmented into finance and accounting, sales and marketing, inventory and order management, human capital management, and others. Based on organization size, the market is bifurcated into large enterprises and small and medium enterprises. Based on vertical, the cloud ERP market is segmented into BFSI, manufacturing, government, aerospace & defense, IT & telecom, healthcare, retail, and others. By geography, the cloud ERP market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

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Cloud ERP Market Segmental Analysis:

Based on business function, the cloud ERP market is segmented into finance and accounting, sales and marketing, inventory and order management, human capital management, and others. The finance and accounting segment held a larger cloud ERP market share in 2022 and is anticipated to record a higher CAGR in the market during the forecast period. The cloud-based ERP software helps generate extensively detailed financial reports, enables greater automation, eliminates duplicate entries, reduces error count, and confers a higher degree of control. These ERP systems also offer cost accounting functionality that can be set up independently of financial accounting according to the organization’s wants and needs. This allows organizations to tailor their accounting software to meet their specialized financial management capabilities, enabling them to streamline their finances and make informed decisions, thus fueling the growth of the segment in the cloud ERP market.

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Cloud ERP Market Regional Analysis:

North America held the largest cloud ERP market share in 2022. Technological changes have a substantial impact on the North American economy. All developed countries in North America have a significant focus on creating technological innovations. The US economy depends on technology substantially. As a result, many states have started major initiatives to ignite innovation and empower entrepreneurs. The most frequently mentioned technologies are the Internet of things (IoT), big data analytics, mobility, artificial intelligence (AI), digital media, biotechnology, telemedicine, and cloud computing. Various companies in North America are deploying new cloud-based software. For instance, in April 2023, SAP SE announced that the Greater Austin Merchants Cooperative Association (GAMA) selected SAP S/4HANA Cloud, which is a public edition to help future-proof the organization and support its business transformation. With SAP S/4HANA Cloud, public edition, the company is helping midsize businesses harness the proven benefits of cloud ERP with built-in industry best practices. Also, in September 2022, NetSuite, at its SuiteWorld conference, announced a wide variety of tools across its ERP suite to optimize business processes. NetSuite added a host of new applications and features to its cloud-based NetSuite ERP suite to enhance its automation capabilities and compete with midmarket rivals such as Epicor, IFS, and Microsoft Dynamics. The new capabilities were announced at the company’s annual SuiteWorld conference in Las Vegas. Further, in March 2023, SAP launched its new public cloud enterprise resource planning (ERP) offering, which is designed to help midsize companies move to the cloud more quickly than ever before. Therefore, such instances show that the demand for cloud ERP software is increasing in North America.

Cloud ERP Market Key Player Analysis:

Acumatica Inc, Infor Inc, Microsoft Corp, Oracle Corp, Sage Group Plc, SAP SE, Workday Inc, SYSPRO Proprietary Ltd, Epicor Software Corp, and Unit4 Group Holding BV are the key cloud ERP market players profiled in the report.

Cloud ERP Market Recent Developments: 

The cloud ERP market players highly adopt inorganic and organic strategies. A few recent key market developments are listed below: 

  • In July 2023, Infor, the industry cloud company, announced the continued momentum of Infor Marketplace, which now showcases more than 150 solutions. These include partner-developed applications that extend the functionality of Infor ERP (enterprise resource planning) systems and Infor content that leverages Infor platform technology and OpenAI's ChatGPT language model.
  • In June 2023, SAP and Bain & Company are collaborating to help executives maximize the impact of cloud-enabled ERP transformation. By bringing together solutions like RISE with SAP and Bain's business-led transformation expertise, the partnership aims to enable clients to reach their business goals faster and achieve their full ERP potential.
  • In May 2023, Kyndryl, the world's largest IT infrastructure services provider, announced an expanded strategic partnership with SAP focused on developing new solutions to help customers solve their most complex digital business transformation challenges.
  • In March 2023, Net at Work, a full-service technology and business consultancy, announced the acquisition of Innovation ERP, a leading Sage X3 and Sage 300 consulting firm. The acquisition deepens Net at Work's bench of experienced Sage ERP business technology consultants. It provides Innovation ERP clients with direct access to a complete range of next-generation technologies and services to help them unleash the power of their business, including customer relationship management (CRM), Employer Solutions, eCommerce, Managed IT, and Cloud Hosting services.
  • In February 2023, Acumatica's latest release of its SaaS ERP includes new features to improve ease of use and productivity for SMB customers while strengthening its competitive advantage.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Business Function, Organization Size, Vertical

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What are the driving factors impacting the cloud ERP market?

Increasing organizational needs to improve staff productivity and efficiency and rising adoption of cloud ERP solutions across various verticals are the major factors that propel the cloud ERP market.

What is the estimated market size for the cloud ERP market in 2022?

The cloud ERP market was estimated to be US$ 27.59 billion in 2022 and is expected to grow at a CAGR of 18.6 % during the period 2022 - 2030.

What are the future trends of the cloud ERP market?

Technological advancements and growing implementation of Two-Tier ERP systems which is anticipated to play a significant role in the cloud ERP market in the coming years.

What will be the market size for the cloud ERP market by 2030?

The Cloud ERP market is expected to reach US$ 108.17 billion by 2030.

What is the incremental growth of the cloud ERP market during the forecast period?

The incremental growth expected to be recorded for the cloud ERP market during the forecast period is US$ 80.58 billion.

Which are the key players holding the major market share of the cloud ERP market?

The key players holding majority shares in the cloud ERP market are Microsoft, SAP, Oracle, Workday, and Infor.

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Cloud ERP Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.3.1 List of Vendors in the Value Chain:

5. Cloud ERP Market - Key Industry Dynamics

5.1 Drivers

5.1.1 Increasing Organizational Needs to Improve Staff Productivity and Efficiency

5.1.2 Rising Adoption of Cloud ERP Solutions Across Various Verticals

5.2 Restraints

5.2.1 Availability of Limited Customized Options for SaaS ERP Solutions

5.2.2 Possibility of Security Breach Issues

5.3 Opportunity

5.3.1 Increasing Government Initiatives for Digitalization of SMEs

5.3.2 Use of Mobile and Cloud Applications

5.4 Trends

5.4.1 Technological Advancements

5.4.2 Growing Implementation of Two-Tier ERP Systems

5.5 Impact of Drivers and Restraints:

6. Cloud ERP Market - Global Market Analysis

6.1 Cloud ERP Market Overview

6.2 Cloud ERP Market Revenue (US$ Million), 2022 – 2030

6.3 Cloud ERP Market Forecast and Analysis

7. Cloud ERP Market Analysis - Business Function

7.1 Finance and Accounting

7.1.1 Overview

7.1.2 Finance and Accounting Market Revenue and Forecasts To 2030 (US$ Million)

7.2 Sales and Marketing

7.2.1 Overview

7.2.2 Sales and Marketing Market Revenue and Forecasts To 2030 (US$ Million)

7.3 Inventory and Order Management

7.3.1 Overview

7.3.2 Inventory and Order Management Market Revenue and Forecasts To 2030 (US$ Million)

7.4 Human Capital Management

7.4.1 Overview

7.4.2 Human Capital Management Market Revenue and Forecasts To 2030 (US$ Million)

7.5 Others

7.5.1 Overview

7.5.2 Others Market Revenue and Forecasts To 2030 (US$ Million)

8. Cloud ERP Market Analysis - Organization Size

8.1 Large Enterprises

8.1.1 Overview

8.1.2 Large Enterprises Market Revenue and Forecasts To 2030 (US$ Million)

8.2 SMEs

8.2.1 Overview

8.2.2 SMEs Market Revenue and Forecasts To 2030 (US$ Million)

9. Cloud ERP Market Analysis – Vertical

9.1 Manufacturing

9.1.1 Overview

9.1.2 Manufacturing Market Revenue and Forecasts To 2030 (US$ Million)

9.2 IT and Telecom

9.2.1 Overview

9.2.2 IT and Telecom Market Revenue and Forecasts To 2030 (US$ Million)

9.3 BFSI

9.3.1 Overview

9.3.2 BFSI Market Revenue and Forecasts To 2030 (US$ Million)

9.4 Healthcare

9.4.1 Overview

9.4.2 Healthcare Market Revenue and Forecasts To 2030 (US$ Million)

9.5 Retail

9.5.1 Overview

9.5.2 Retail Market Revenue and Forecasts To 2030 (US$ Million)

9.6 Government

9.6.1 Overview

9.6.2 Government Market Revenue and Forecasts To 2030 (US$ Million)

9.7 Aerospace and Defense

9.7.1 Overview

9.7.2 Aerospace and Defense Market Revenue and Forecasts To 2030 (US$ Million)

9.8 Others

9.8.1 Overview

9.8.2 Others Market Revenue and Forecasts To 2030 (US$ Million)

10. Cloud ERP Market - Geographical Analysis

10.1 North America

10.1.1 North America Cloud ERP Market Overview

10.1.2 North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.1.3 North America Cloud ERP Market Breakdown by Business Function

10.1.3.1 North America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

10.1.4 North America Cloud ERP Market Breakdown by Organization Size

10.1.4.1 North America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

10.1.5 North America Cloud ERP Market Breakdown by Vertical

10.1.5.1 North America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

10.1.6 North America Cloud ERP Market Revenue and Forecasts and Analysis - By Countries

10.1.6.1 US Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.1.6.1.1 US Cloud ERP Market Breakdown by Business Function

10.1.6.1.2 US Cloud ERP Market Breakdown by Organization Size

10.1.6.1.3 US Cloud ERP Market Breakdown by Vertical

10.1.6.2 Canada Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.1.6.2.1 Canada Cloud ERP Market Breakdown by Business Function

10.1.6.2.2 Canada Cloud ERP Market Breakdown by Organization Size

10.1.6.2.3 Canada Cloud ERP Market Breakdown by Vertical

10.1.6.3 Mexico Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.1.6.3.1 Mexico Cloud ERP Market Breakdown by Business Function

10.1.6.3.2 Mexico Cloud ERP Market Breakdown by Organization Size

10.1.6.3.3 Mexico Cloud ERP Market Breakdown by Vertical

10.2 Europe

10.2.1 Europe Cloud ERP Market Overview

10.2.2 Europe Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.3 Europe Cloud ERP Market Breakdown by Business Function

10.2.3.1 Europe Cloud ERP Market Revenue and Forecasts and Analysis - By Business Function

10.2.4 Europe Cloud ERP Market Breakdown by Organization Size

10.2.4.1 Europe Cloud ERP Market Revenue and Forecasts and Analysis - By Organization Size

10.2.5 Europe Cloud ERP Market Breakdown by Vertical

10.2.5.1 Europe Cloud ERP Market Revenue and Forecasts and Analysis - By Vertical

10.2.6 Europe Cloud ERP Market Revenue and Forecasts and Analysis - By Countries

10.2.6.1 France Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.1.1 France Cloud ERP Market Breakdown by Business Function

10.2.6.1.2 France Cloud ERP Market Breakdown by Organization Size

10.2.6.1.3 France Cloud ERP Market Breakdown by Vertical

10.2.6.2 Germany Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.2.1 Germany Cloud ERP Market Breakdown by Business Function

10.2.6.2.2 Germany Cloud ERP Market Breakdown by Organization Size

10.2.6.2.3 Germany Cloud ERP Market Breakdown by Vertical

10.2.6.3 UK Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.3.1 UK Cloud ERP Market Breakdown by Business Function

10.2.6.3.2 UK Cloud ERP Market Breakdown by Organization Size

10.2.6.3.3 UK Cloud ERP Market Breakdown by Vertical

10.2.6.4 Italy Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.4.1 Italy Cloud ERP Market Breakdown by Business Function

10.2.6.4.2 Italy Cloud ERP Market Breakdown by Organization Size

10.2.6.4.3 Italy Cloud ERP Market Breakdown by Vertical

10.2.6.5 Russia Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.5.1 Russia Cloud ERP Market Breakdown by Business Function

10.2.6.5.2 a Cloud ERP Market Breakdown by Organization Size

10.2.6.5.3 Russia Cloud ERP Market Breakdown by Vertical

10.2.6.6 Rest of Europe Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.6.1 Rest of Europe Cloud ERP Market Breakdown by Business Function

10.2.6.6.2 Rest of Europe Cloud ERP Market Breakdown by Organization Size

10.2.6.6.3 Rest of Europe Cloud ERP Market Breakdown by Vertical

10.3 Asia Pacific Cloud ERP Market

10.3.1 Overview

10.3.2 Asia Pacific Cloud ERP Market Revenue and Forecasts To 2030 (US$ Million)

10.3.3 Asia Pacific Cloud ERP Market Breakdown by Business Function

10.3.3.1 Asia Pacific Cloud ERP Market Revenue and Forecasts and Analysis - By Business Function

10.3.4 Asia Pacific Cloud ERP Market Breakdown by Organization Size

10.3.4.1 Asia Pacific Cloud ERP Market Revenue and Forecasts and Analysis - By Organization Size

10.3.5 Asia Pacific Cloud ERP Market Breakdown by Vertical

10.3.5.1 Asia Pacific Cloud ERP Market Revenue and Forecasts and Analysis - By Vertical

10.3.6 Cloud ERP market Breakdown by Countries

10.3.6.1 Australia Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.1.1 Australia Cloud ERP Market Breakdown by Business Function

10.3.6.1.2 Australia Cloud ERP Market Breakdown by Organization Size

10.3.6.1.3 Australia Cloud ERP Market Breakdown by Vertical

10.3.6.2 China Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.2.1 China Cloud ERP Market Breakdown by Business Function

10.3.6.2.2 China Cloud ERP Market Breakdown by Organization Size

10.3.6.2.3 China Cloud ERP Market Breakdown by Vertical

10.3.6.3 India Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.3.1 India Cloud ERP Market Breakdown by Business Function

10.3.6.3.2 India Cloud ERP Market Breakdown by Organization Size

10.3.6.3.3 India Cloud ERP Market Breakdown by Vertical

10.3.6.4 Japan Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.4.1 Japan Cloud ERP Market Breakdown by Business Function

10.3.6.4.2 Japan Cloud ERP Market Breakdown by Organization Size

10.3.6.4.3 Japan Cloud ERP Market Breakdown by Vertical

10.3.6.5 South Korea Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.5.1 South Korea Cloud ERP Market Breakdown by Business Function

10.3.6.5.2 South Korea Cloud ERP Market Breakdown by Organization Size

10.3.6.5.3 South Korea Cloud ERP Market Breakdown by Vertical

10.3.6.6 Rest of Asia Pacific Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.6.1 Rest of Asia Pacific Cloud ERP Market Breakdown by Business Function

10.3.6.6.2 Rest of Asia Pacific Cloud ERP Market Breakdown by Organization Size

10.3.6.6.3 Rest of Asia Pacific Cloud ERP Market Breakdown by Vertical

10.4 Middle East & Africa

10.4.1 Middle East & Africa Cloud ERP Market Overview

10.4.2 Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Million)

10.4.3 Middle East & Africa Cloud ERP Market Breakdown by Business Function

10.4.3.1 Middle East & Africa Cloud ERP Market and Forecasts and Analysis - By Business Function

10.4.4 Middle East & Africa Cloud ERP Market Breakdown by Organization Size

10.4.4.1 Middle East & Africa Cloud ERP Market and Forecasts and Analysis - By Organization Size

10.4.5 Middle East & Africa Cloud ERP Market Breakdown by Vertical

10.4.5.1 Middle East & Africa Cloud ERP Market and Forecasts and Analysis - By Vertical

10.4.6 Middle East & Africa Cloud ERP Market Revenue and Forecasts and Analysis - By Countries

10.4.6.1 South Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.1.1 South Africa Cloud ERP Market Breakdown by Business Function

10.4.6.1.2 South Africa Cloud ERP Market Breakdown by Organization Size

10.4.6.1.3 South Africa Cloud ERP Market Breakdown by Vertical

10.4.6.2 Saudi Arabia Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.2.1 Saudi Arabia Cloud ERP Market Breakdown by Business Function

10.4.6.2.2 Saudi Arabia Cloud ERP Market Breakdown by Organization Size

10.4.6.2.3 Saudi Arabia Cloud ERP Market Breakdown by Vertical

10.4.6.3 UAE Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.3.1 UAE Cloud ERP Market Breakdown by Business Function

10.4.6.3.2 UAE Cloud ERP Market Breakdown by Organization Size

10.4.6.3.3 UAE Cloud ERP Market Breakdown by Vertical

10.4.6.4 Rest of Middle East & Africa Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.4.1 Rest of Middle East & Africa Cloud ERP Market Breakdown by Business Function

10.4.6.4.2 Rest of Middle East & Africa Cloud ERP Market Breakdown by Organization Size

10.4.6.4.3 Rest of Middle East & Africa Cloud ERP Market Breakdown by Vertical

10.5 South & Central America

10.5.1 South & Central America Cloud ERP Market Overview

10.5.2 South & Central America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Million)

10.5.3 South & Central America Cloud ERP Market Breakdown by Business Function

10.5.3.1 South & Central America Cloud ERP Market and Forecasts and Analysis - By Business Function

10.5.4 South & Central America Cloud ERP Market Breakdown by Organization Size

10.5.4.1 South & Central America Cloud ERP Market Revenue and Forecasts and Analysis - By Organization Size

10.5.5 South & Central America Cloud ERP Market Breakdown by Vertical

10.5.5.1 South & Central America Cloud ERP Market Revenue and Forecasts and Analysis - By Vertical

10.5.6 South & Central America Cloud ERP Market Revenue and Forecasts and Analysis - By Countries

10.5.6.1 Brazil Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.6.1.1 Brazil Cloud ERP Market Breakdown by Business Function

10.5.6.1.2 Brazil Cloud ERP Market Breakdown by Organization Size

10.5.6.1.3 Brazil Cloud ERP Market Breakdown by Vertical

10.5.6.2 Argentina Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.6.2.1 Argentina Cloud ERP Market Breakdown by Business Function

10.5.6.2.2 Argentina Cloud ERP Market Breakdown by Organization Size

10.5.6.2.3 Argentina Cloud ERP Market Breakdown by Vertical

10.5.6.3 Rest of South & Central America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.6.3.1 Rest of South & Central America Cloud ERP Market Breakdown by Business Function

10.5.6.3.2 Rest of South & Central America Cloud ERP Market Breakdown by Organization Size

10.5.6.3.3 Rest of South & Central America Cloud ERP Market Breakdown by Vertical

11. Cloud ERP Market – Impact of COVID-19 Pandemic

11.1 Pre & Post Covid-19 Impact

12. Competitive Landscape

12.1 Heat Map Analysis By Key Players

12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 Product Development

13.4 Mergers & Acquisitions

14. Company Profiles

14.1 ACUMATICA, INC

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 INFOR INC

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 MICROSOFT CORP

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 ORACLE CORP

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 SAGE GROUP PLC

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 SAP SE

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 WORKDAY INC

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 SYSPRO PROPRIETARY LTD

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 EPICOR SOFTWARE CORP

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 UNIT4 GROUP HOLDING BV

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

15. Appendix

15.1 Word Index

List of Tables

Table 1. Cloud ERP Market Segmentation

Table 2. Cloud ERP Market Revenue and Forecasts To 2030 (US$ Million)

Table 3. Cloud ERP Market Revenue and Forecasts To 2030 (US$ Million) – Business Function

Table 4. Cloud ERP Market Revenue and Forecasts To 2030 (US$ Million) – Organization Size

Table 5. Cloud ERP Market Revenue and Forecasts To 2030 (US$ Million) – Vertical

Table 6. North America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 7. North America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 8. North America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 9. North America Cloud ERP Market, by Country – Revenue and Forecast to 2030 (USD Million)

Table 10. US Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 11. US Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 12. US Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 13. Canada Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 14. Canada Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 15. Canada Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 16. Mexico Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 17. Mexico Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 18. Mexico Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 19. Europe Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 20. Europe Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 21. Europe Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 22. Europe Cloud ERP Market, by Country – Revenue and Forecast to 2030 (USD Million)

Table 23. France Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 24. France Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 25. France Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 26. Germany Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 27. Germany Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 28. Germany Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 29. UK Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 30. UK Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 31. UK Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 32. Italy Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 33. Italy Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 34. Italy Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 35. Russia Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 36. Russia Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 37. Russia Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 38. Rest of Europe Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 39. Rest of Europe Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 40. Rest of Europe Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 41. Asia Pacific Cloud ERP Market Revenue And Forecasts To 2030 (US$ Million) – Business Function

Table 42. Asia Pacific Cloud ERP Market Revenue And Forecasts To 2030 (US$ Million) – Organization Size

Table 43. Asia Pacific Cloud ERP Market Revenue And Forecasts To 2030 (US$ Million) – Vertical

Table 44. Asia Pacific Cloud ERP Market, by Country – Revenue and Forecast to 2030 (USD Million)

Table 45. Australia Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 46. Australia Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 47. Australia Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 48. China Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 49. China Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 50. China Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 51. India Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 52. India Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 53. India Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 54. Japan Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 55. Japan Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 56. Japan Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 57. South Korea Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 58. South Korea Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 59. South Korea Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 60. Rest of Asia Pacific Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 61. Rest of Asia Pacific Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 62. Rest of Asia Pacific Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 63. Middle East & Africa Cloud ERP Market Revenue and Forecasts To 2030 (US$ Million) – By Business Function

Table 64. Middle East & Africa Cloud ERP Market Revenue and Forecasts To 2030 (US$ Million) – By Organization Size

Table 65. Middle East & Africa Cloud ERP Market Revenue and Forecasts To 2030 (US$ Million) – By Vertical

Table 66. Middle East and Africa Cloud ERP Market, by Country – Revenue and Forecast to 2030 (USD Million)

Table 67. South Africa Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 68. South Africa Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 69. South Africa Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 70. Saudi Arabia Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 71. Saudi Arabia Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 72. Saudi Arabia Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 73. UAE Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 74. UAE Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 75. UAE Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 76. Rest of Middle East & Africa Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 77. Rest of Middle East & Africa Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 78. Rest of Middle East & Africa Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 79. South & Central America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Million) – By Business Function

Table 80. South & Central America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Million) – By Organization Size

Table 81. South & Central America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Million) – By Vertical

Table 82. South and Central America Cloud ERP Market, by Country – Revenue and Forecast to 2030 (USD Million)

Table 83. Brazil Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 84. Brazil Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 85. Brazil Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 86. Argentina Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 87. Argentina Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 88. Argentina Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 89. Rest of South & Central America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Business Function

Table 90. Rest of South & Central America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size

Table 91. Rest of South & Central America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn) – By Vertical

Table 92. Company Positioning & Concentration

Table 93. List of Abbreviation

List of Figures

Figure 1. Cloud ERP Market Segmentation, By Geography

Figure 2. Global– PEST Analysis

Figure 3. Ecosystem: Cloud ERP Market

Figure 4. Cloud ERP Market - Key Industry Dynamics

Figure 5. Impact Analysis of Drivers and Restraints

Figure 6. 6.2 Cloud ERP Market Breakdown by Geography, 2022 and 2030 (%)

Figure 7. Cloud ERP Market Revenue (US$ Million), 2022 & 2030

Figure 8. Cloud ERP Market Share (%) – Business Function, 2022 and 2030

Figure 9. Finance and Accounting Market Revenue and Forecasts To 2030 (US$ Million)

Figure 10. Sales and Marketing Market Revenue and Forecasts To 2030 (US$ Million)

Figure 11. Inventory and Order Management Market Revenue and Forecasts To 2030 (US$ Million)

Figure 12. Human Capital Management Market Revenue and Forecasts To 2030 (US$ Million)

Figure 13. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 14. Cloud ERP Market Share (%) – Organization Size, 2022 and 2030

Figure 15. Large Enterprises Market Revenue and Forecasts To 2030 (US$ Million)

Figure 16. SMEs Market Revenue and Forecasts To 2030 (US$ Million)

Figure 17. Cloud ERP Market Share (%) – Vertical, 2022 and 2030

Figure 18. Manufacturing Market Revenue and Forecasts To 2030 (US$ Million)

Figure 19. IT and Telecom Market Revenue and Forecasts To 2030 (US$ Million)

Figure 20. BFSI Market Revenue and Forecasts To 2030 (US$ Million)

Figure 21. Healthcare Market Revenue and Forecasts To 2030 (US$ Million)

Figure 22. Retail Market Revenue and Forecasts To 2030 (US$ Million)

Figure 23. Government Market Revenue and Forecasts To 2030 (US$ Million)

Figure 24. Aerospace and Defense Market Revenue and Forecasts To 2030 (US$ Million)

Figure 25. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 26. Cloud ERP Market Revenue Share, By Region (2022 & 2030)

Figure 27. Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 28. Cloud ERP Market Breakdown by Business Function (2022 and 2030)

Figure 29. Cloud ERP market Breakdown by Organization Size, 2022 and 2030 (%)

Figure 30. Cloud ERP market Breakdown by Vertical, 2022 and 2030 (%)

Figure 31. Cloud ERP market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 32. US Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 33. Canada Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 34. Mexico Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 35. Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 36. Cloud ERP Market Breakdown by Business Function (2022 and 2030)

Figure 37. Cloud ERP Market Breakdown by Organization Size (2022 and 2030)

Figure 38. Cloud ERP Market Breakdown by Vertical (2022 and 2030)

Figure 39. Cloud ERP market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 40. France Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 41. Germany Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 42. UK Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 43. Italy Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 44. Russia Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 45. Rest of Europe Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 46. Asia Pacific Cloud ERP Market Revenue And Forecasts To 2030 (US$ Million)

Figure 47. Asia Pacific Cloud ERP Market Breakdown by Business Function (2022 and 2023)

Figure 48. Asia Pacific Cloud ERP Market Breakdown by Organization Size (2022 and 2023)

Figure 49. Asia Pacific Cloud ERP Market Breakdown by Vertical (2022 and 2023)

Figure 50. Asia Pacific Cloud ERP Market Breakdown By Key Countries, 2022 And 2030 (%)

Figure 51. Australia Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 52. China Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 53. India Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 54. Japan Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 55. South Korea Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 56. Rest of Asia Pacific Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 57. Cloud ERP Market Revenue and Forecasts To 2030 (US$ Million)

Figure 58. Middle East & Africa Cloud ERP Market Breakdown by Business Function (2022 and 2023)

Figure 59. Middle East & Africa Cloud ERP Market Breakdown by Organization Size (2022 and 2023)

Figure 60. Middle East & Africa Cloud ERP Market Breakdown by Vertical (2022 and 2023)

Figure 61. Cloud ERP Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 62. South Africa Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 63. Saudi Arabia Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 64. UAE Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 65. Rest of Middle East & Africa Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 66. Cloud ERP Market Revenue and Forecasts To 2030 (US$ Million)

Figure 67. South & Central America Cloud ERP Market Breakdown by Business Function (2022 and 2023)

Figure 68. South & Central America Cloud ERP Market Breakdown by Organization Size (2022 and 2023)

Figure 69. South & Central America Cloud ERP Market Breakdown by Vertical (2022 and 2023)

Figure 70. Cloud ERP Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 71. Brazil Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 72. Argentina Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 73. Rest of South & Central America Cloud ERP Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 74. Heat Map Analysis By Key Players

The List of Compnies - Cloud ERP Market

  1. Acumatica Inc
  2. Infor Inc
  3. Microsoft Corp
  4. Oracle Corp
  5. Sage Group Plc
  6. SAP SE
  7. Workday Inc
  8. SYSPRO Proprietary Ltd
  9. Epicor Software Corp
  10. Unit4 Group Holding BV

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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