HOME Research Insight Cloud ERP Market Witnessed a Lot of Partnerships, Agreements, and Collaborations by Key Players from 2014 to 2016

Cloud ERP Market Witnessed a Lot of Partnerships, Agreements, and Collaborations by Key Players from 2014 to 2016

Cloud Enterprise Resource Planning (ERP) is a modern approach to deploy ERP solutions and services that make use of cloud computing platforms & services to provide businesses with enhanced and flexible business process transformation. An increasing need for business process efficiency and transparency and a rising awareness amongst Small & Medium Enterprises (SMEs) regarding the benefits of adopting such solutions drives the cloud ERP market. Furthermore, globalization of industries and rapid changes in business dynamics & environment have led to a surge in the adoption of cloud ERP solutions.

MarketsandMarkets estimates the cloud ERP market size to grow from USD 18.52 Billion in 2016 to USD 29.84 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.0%. Increasing number of SMEs emerging across the untapped developing economies such as China, India, and Brazil from the APAC region backed by an increasing penetration of IT services in the APAC region drives the demand for cloud ERP solutions and services.
The key players in the cloud ERP market include Microsoft Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Infor (U.S.), Sage Software, Inc. (U.K.), Epicor Software Corporation (U.S.), Intacct Corporation (U.S.), Financialforce.com (U.S.), Plex Systems, Inc. (U.S.), and Ramco Systems (India). These players have adopted various strategies such as partnerships, agreements, mergers & acquisitions, and new product developments to achieve growth in the global cloud ERP market.

The cloud ERP market witnessed a lot of partnerships, agreements, and collaborations by key players from 2014 to 2016. Oracle Corporation partnered with Mellanox Technologies, an Israel-based supplier of InfiniBand and Ethernet interconnect solutions and services, to drive interoperability between their products and to jointly develop further industry standards for a high-speed cloud networking technology. Sage expanded its partnership with Fairsail, a U.K.-based leading human capital management cloud provider, aimed to provide seamless integration of its products to provide companies with better processes to manage financials, supply chain, payroll, workforce, and talent management, all in the cloud. Microsoft and SAP partnered to support SAP HANA platform deployed on Microsoft Azure. The partnership is aimed to simplify processes by integrating Microsoft Office 365 and cloud solutions from SAP with enhanced security and management.

The key players also adopted the strategy of mergers and acquisitions to increase their geographic presence and expand their product portfolio in untapped markets. Sage acquired Exact Software Deutschland GmbH, the payroll business of Exact Holding N.V., aimed at transforming Sage’s payroll business and establishing Sage as one of the leading players in this segment in the European region. SAP acquired U.S.-based Fieldglass, a leading technology provider for procuring and managing contingent labor and services, to meet the growing demand for solutions and efficient management of flexible workforces among enterprise end-users. Moreover, Infor acquired PeopleAnswers, a leader in predictive talent analytics. PeopleAnswers cloud-based talent science platform adds analytical rigor to human capital management.

The major players also launched new products & offerings to strengthen their product portfolio and expand their offerings to newer clients. Infor launched Infor LN 10.5, an ERP system that combines beautiful software with robust industry-tailored manufacturing functionalities. The company also launched CloudSuite Federal and CloudSuite Automotive, comprehensive Software-as-a-Service (SaaS) application packages designed for organizations operating under the umbrella of the Federal Government and automotive industry, respectively. SAP SE launched SAP RealSpend, a new mobile app that provides visibility and access to up-to-the-minute budget and spending information. Moreover, Epicor Software Corporation launched the latest version of its ERP business software, Epicor ERP 10.1, facilitating enterprises in achieving collaboration, mobility, choice, responsiveness, and simplicity in their business processes.
Cloud ERP solution vendors are focusing on offering innovative and customizable solutions & services in accordance to the function, size, and operational requirement of the enterprise. Such cloud-based ERP solutions are more reliable and involve lesser implementation costs, when compared to the conventional on-premises solutions. Moreover, the pay-per-use model offered by vendors have led to a considerable reduction in the implementation costs, making it a preferable choice for SMEs across different industry verticals.

Related Reports:

Cloud ERP Market by Component (Solutions and Services), Function (Finance, Marketing, Sales, Operations, and Human Resource), Deployment Mode (Public, Private, and Hybrid), Organization Size, Vertical, and Region - Global Forecast to 2021

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