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The cloud ERP market size is expected to grow from USD 72.2 billion in 2023 to USD 130.5 billion by 2028 at a compound annual growth rate (CAGR) of 12.6% during the forecast period. Cloud ERP is a modern and dynamic approach to managing essential business processes and data through cloud-based software solutions. Unlike traditional on-premises ERP systems, which require substantial hardware and infrastructure investments, cloud ERP leverages the power of the cloud to deliver software as a service (SaaS). Cloud ERP systems are accessible from anywhere with an internet connection. This remote accessibility is essential in today's globalized and increasingly remote work environment. It allows employees to access critical business data and applications, collaborate, and make informed decisions from anywhere in the world; such factors are helping the market to grow rapidly.

Top Cloud ERP Companies include

• Dassault Systemes (US)
• Plex Systems (US)
• Sage Group (UK)
• SAP (Germany)
• IFS (Sweden) and many more....

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These vendors can concentrate on forming new connections and partnerships. Key players have adopted various strategies such as new product launches, contracts, partnerships, and mergers & acquisitions to strengthen market dominance.

Dassault Systemes

In the cloud ERP market, Dassault Systemes provides the DELMIAWorks ERP system with a tailored solution for the factory’s environment to streamline sales, order processing, finance, human resources, planning, production, inventory, procurement, and more. It becomes the backbone for visibility, execution, and communication of manufacturing activities and data throughout the supply chain. The company also caters to the 3DEXPERIENCE platform, a collaborative and integrated environment that allows companies to design, simulate, and manage their products and processes in a virtual 3D environment. This platform covers various applications, from product design and engineering to simulation and manufacturing.

Plex Systems

Plex Systems makes software that connects, automates, tracks and analyzes manufacturing operations to help clients build the products of the future today. Besides ERP solutions, Plex also offers Supply Chain Planning (SCP), Quality Management System (QMS), Manufacturing Execution System (MES), and Asset Performance Management (APM). Rockwell Automation acquired Plex in September 2021.

Plex Systems provides cloud-based manufacturing ERP software. It offers business management products, including accounting and financials, customers and sales, enterprise management, HCM, suppliers and purchasing, manufacturing operation products for planning and scheduling, inventory management, production management, quality management, and MES products. Plex Manufacturing Cloud is one of the ERP solutions that majorly helps manufacturers. As a result, customers witness complete visibility in their operations and plant data and can leverage those details to increase profits.

Sage Group

Sage Group is a prominent player in the Cloud ERP market, providing comprehensive enterprise resource planning solutions designed to streamline business processes and improve operational efficiency. Their cloud-based ERP offerings, such as Sage Intacct and Sage X3, cater to various industries by offering financial management, supply chain management, and project management capabilities. Sage Group focuses on delivering scalable, flexible, and user-friendly ERP solutions that enhance decision-making and drive business growth through real-time data access and advanced analytics.

SAP

SAP is a leading provider in the Cloud ERP market, offering robust solutions like SAP S/4HANA Cloud that integrate and streamline core business processes across finance, supply chain, manufacturing, and customer relations. Their cloud ERP systems are designed to deliver real-time data insights, scalability, and flexibility, enabling businesses to improve efficiency, agility, and decision-making. SAP's extensive experience and innovation in enterprise software make them a preferred choice for organizations looking to leverage advanced technologies such as AI, machine learning, and IoT within their ERP systems.

IFS

IFS, headquartered in Sweden, is a prominent player in the Cloud ERP market, known for its robust enterprise software solutions tailored to complex industries such as manufacturing, aerospace, defense, and services. Their cloud ERP offerings, including IFS Applications, are designed to enhance operational efficiency, agility, and customer engagement. IFS emphasizes innovation and flexibility, providing comprehensive capabilities across enterprise resource planning, project management, asset management, and field service management. Their solutions are recognized for integrating with emerging technologies like AI and IoT to drive digital transformation and enable organizations to adapt to evolving business needs effectively.

Related Reports:

Cloud ERP Market by Component (Solutions, Services), Business Function (Finance & Accounting, Sales & Marketing, Operations), Deployment Mode (Public Cloud, Private Cloud), Organization Size, Vertical and Region - Global Forecast to 2028