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New report shares details about the Global cloud enterprise resource planning (ERP) market to reach a market size of $28.8 billion by 2022

IT Market Research

According to a new report, Global Cloud Enterprise Resource Planning (ERP) Market (2016-2022), published by KBV Research, the global Cloud Enterprise Resource Planning (ERP).

The global Cloud Enterprise Resource Planning (ERP) is expected to attain a market size of $28.8 billion by 2022, growing at a CAGR of 8.6% during the forecast period.

The major factors driving the growth of the Cloud Enterprise Resource Planning (ERP) market are raising adoption of cloud infrastructure and mobile applications, and rapidly growing demand from Small & Medium Enterprises (SMEs), largely due to the increasing need optimize business process efficiency and transparency.

The cloud ERP market is segmented based on components, functions, deployment modes, organization size, verticals, and region. Within the components, the solution component holds the maximum market share in 2016.