Cloud Erp Market Poised For $15.37b Growth (2022-2027) With Key Companies Highlighted By Technavio

By Author: Orson Amiri
Total Articles: 395
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The cloud ERP market is projected to grow by USD 15.37 billion at a CAGR of 10.02% from 2022 to 2027. It is fragmented with diverse international and regional vendors, and competition is expected to intensify. Key players include Acumatica Inc., Epicor Software Corp., Microsoft Corp., SAP SE, and others. The market's dynamics are driven by the rising demand for process automation and digital transformation, particularly in BFSI, retail, and manufacturing. Trends include the increasing adoption of remote working models, fueled by the transition to work-from-home cultures. However, a significant challenge is the growing number of cyberattacks on cloud ERP software, posing a threat to market growth.

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