Cloud ERP Market - Forecast 2020 - 2025
Overview Cloud Enterprise Resource Planning (ERP) Market size is estimated to reach $41.09 billion by 2025, after growing at a CAGR of 9% during the forecast period (2020-2025). Cloud ERP is a type of software as a service (SAAS) that provides increased accessibility through the internet, which enables the users to share and transfer data in real-time specifically across business departments. Factors such as the growing need for optimization of business process, effective resource utilization in the enterprises are attributing for the market demand of cloud ERP. This is because the integration of ERP and MES systems enables accessibility to gather data from the entire supply chain. On the other hand, overall equipment effectiveness (OEE) determines the effective usage of assets in a manufacturing execution systems and defines the manufacturing operations performance. In schools and colleges, the prevalence of ERP database management system is in a rise to handle and manage the aca...