Cloud ERP Market- Global Industry Analysis and Forecast (2022-2029)

Mayurikathade03 Apr, 2023Business

Cloud ERP market was valued at US$ 53.18 Bn. in 2021 and it is expected to reach US$ 185.46 Bn. by 2029 at a CAGR of 16.90% during the forecast period. Cloud ERP Market Overview: Cloud ERP Market was valued at US$ 53.18 Bn. in 2021. Cloud ERP is also known as software as a service, which allows users to use ERP software (Enterprise Resource Planning) that is hosted on shared computer resources through the internet. Through the internet, the cloud ERP system provides access to software applications such as processing power, disc storage, and memory. Computing resources are advantageous to medium and small businesses in particular since they allow access to applications at a reasonable rate without the usual upfront fees for software and hardware.