North America Cloud ERP Market Forecast to 2030 - Regional Analysis - by Business Function (Finance and Accounting, Sales and Marketing, Inventory and Order Management, Human Capital Management, and Others), Organization Size (Large Enterprises and SMEs), and Vertical (Manufacturing, IT and Telecom, BFSI, Healthcare, Retail, Government, Aerospace and Defense, and Others)
The North America cloud ERP market is expected to grow from US$ 9,398.12 million in 2022 to US$ 35,804.84 million by 2030. It is estimated to record a CAGR of 18.2% from 2022 to 2030.
Increasing Organizational Needs to Improve Staff Productivity and Efficiency Fuel North America Cloud ERP Market
Businesses are continuously seeking ways to boost their output and effectiveness in the current fast-paced, intensely competitive commercial landscape. Cloud-based enterprise resource planning (ERP) systems have garnered significant attention as they assist in business growth, collaborations, and effective operations. Cloud ERP offers a variety of benefits over traditional on-premise systems. Cloud-based systems are accessible from anywhere with an Internet connection. This means that employees can retrieve critical business collaboration data and perform tasks remotely. For example, sales representatives can access real-time inventory data while on the go, which allows them to execute timely customer interactions. Cloud ERP provides real-time data updates and analytics, which can be utilized to make informed decisions. For example, using data obtained from cloud ERP systems, managers can monitor inventory levels and demand in real time, allowing for proactive restocking and optimized production schedules. Cloud ERP includes collaboration tools, which improve teamwork and coordination. For example, a cloud ERP system facilitates project management and collaboration among remote teams, streamlining project workflows and reducing errors. Further, cloud ERP can reduce operational costs by automating processes and reducing the need for on-premise infrastructure. According to the study of Nucleus Research, the return on investment (ROI) generated by cloud ERP is 3.2 times higher than the ROI conferred by on-premises ERP. Cloud ERP systems can be easily scaled up or down according to business needs. This flexibility is essential for organizations that experience fluctuations in demand. For example, upon implementation of a cloud ERP system, an e-commerce company can handle increased order volumes during the holiday season without investing in new infrastructure. Thus, an increasing organizational requirement to improve staff productivity and efficiency bolsters the demand for cloud ERP systems.
North America Cloud ERP Market Overview
Technological changes have a substantial impact on the North American economy. All developed countries in North America have a significant focus on creating technological innovations. The US economy depends on technology substantially. As a result, many states have started major initiatives to ignite innovation and empower entrepreneurs. The most frequently mentioned technologies are the internet of things (IoT), big data analytics, mobility, artificial intelligence (AI), digital media, biotechnology, telemedicine, and cloud computing. Various companies in North America are deploying new cloud-based software. For instance, in April 2023, SAP SE announced that the Greater Austin Merchants Cooperative Association (GAMA) selected SAP S/4HANA Cloud, which is a public edition to help future-proof the organization and support its business transformation. With SAP S/4HANA Cloud, public edition, the company is helping midsize businesses harness the proven benefits of cloud ERP with built-in industry best practices. Also, in September 2022, NetSuite, at its SuiteWorld conference, announced a wide variety of tools across its ERP suite to optimize business processes. NetSuite added a host of new applications and features to its cloud-based NetSuite ERP suite to enhance its automation capabilities and compete with midmarket rivals such as Epicor, IFS, and Microsoft Dynamics. The new capabilities were announced at the company's annual SuiteWorld conference in Las Vegas. Further, in March 2023, SAP launched its new public cloud enterprise resource planning (ERP) offering, which is designed to help midsize companies move to the cloud more quickly than ever before. Therefore, such instances show that the demand for cloud ERP software is increasing in North America.
North America Cloud ERP Market Revenue and Forecast to 2030 (US$ Million)
Get more information on this report :
North America Cloud ERP Market Segmentation
The North America cloud ERP market is segmented into business function, organization size, vertical, and country.
Based on business function, the North America cloud ERP market is segmented into finance and accounting, sales and marketing, inventory and order management, human capital management, and others. The finance and accounting segment held the largest share of the North America cloud ERP market in 2022.
In terms of organization size, the North America cloud ERP market is bifurcated into large enterprises and SMEs. The large enterprises segment held a larger share of the North America cloud ERP market in 2022.
By vertical, the North America cloud ERP market is segmented into manufacturing, IT and telecom, BFSI, healthcare, retail, government, aerospace and defense, and others. The manufacturing segment held the largest share of the North America cloud ERP market in 2022.
Based on country, the North America cloud ERP market is segmented into the US, Canada, and Mexico. The US dominated the North America cloud ERP market in 2022.
ACUMATICA, INC; Epicor Software Corp; Infor Inc; Microsoft Corp; Oracle Corp; Sage Group Plc; SAP SE; SYSPRO Proprietary Ltd; Unit4 Group Holding BV; and Workday Inc are some of the leading companies operating in the North America cloud ERP market.
Table of Content
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Cloud ERP Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain:
5. North America Cloud ERP Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Increasing Organizational Needs to Improve Staff Productivity and Efficiency
5.1.2 Rising Adoption of Cloud ERP Solutions Across Various Verticals
5.2 Restraints
5.2.1 Availability of Limited Customized Options for SaaS ERP Solutions
5.2.2 Possibility of Security Breach Issues
5.3 Opportunity
5.3.1 Increasing Government Initiatives for Digitalization of SMEs
5.3.2 Use of Mobile and Cloud Applications
5.4 Trends
5.4.1 Technological Advancements
5.4.2 Growing Implementation of Two-Tier ERP Systems
5.5 Impact of Drivers and Restraints:
6. Cloud ERP Market - North America Market Analysis
6.1 North America Cloud ERP Market Revenue (US$ Million), 2022 - 2030
6.2 North America Cloud ERP Market Forecast and Analysis
7. North America Cloud ERP Market Analysis - Business Function
7.1 Finance and Accounting
7.1.1 Overview
7.1.2 Finance and Accounting Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Sales and Marketing
7.2.1 Overview
7.2.2 Sales and Marketing Market Revenue and Forecasts to 2030 (US$ Million)
7.3 Inventory and Order Management
7.3.1 Overview
7.3.2 Inventory and Order Management Market Revenue and Forecasts to 2030 (US$ Million)
7.4 Human Capital Management
7.4.1 Overview
7.4.2 Human Capital Management Market Revenue and Forecasts to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
8. North America Cloud ERP Market Analysis - Organization Size
8.1 Large Enterprises
8.1.1 Overview
8.1.2 Large Enterprises Market Revenue and Forecasts to 2030 (US$ Million)
8.2 SMEs
8.2.1 Overview
8.2.2 SMEs Market Revenue and Forecasts to 2030 (US$ Million)
9. North America Cloud ERP Market Analysis - Vertical
9.1 Manufacturing
9.1.1 Overview
9.1.2 Manufacturing Market Revenue and Forecasts to 2030 (US$ Million)
9.2 IT and Telecom
9.2.1 Overview
9.2.2 IT and Telecom Market Revenue and Forecasts to 2030 (US$ Million)
9.3 BFSI
9.3.1 Overview
9.3.2 BFSI Market Revenue and Forecasts to 2030 (US$ Million)
9.4 Healthcare
9.4.1 Overview
9.4.2 Healthcare Market Revenue and Forecasts to 2030 (US$ Million)
9.5 Retail
9.5.1 Overview
9.5.2 Retail Market Revenue and Forecasts to 2030 (US$ Million)
9.6 Government
9.6.1 Overview
9.6.2 Government Market Revenue and Forecasts to 2030 (US$ Million)
9.7 Aerospace and Defense
9.7.1 Overview
9.7.2 Aerospace and Defense Market Revenue and Forecasts to 2030 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
10. North America Cloud ERP Market - Country Analysis
10.1 North America
10.1.1 North America Cloud ERP Market Overview
10.1.2 North America Cloud ERP Market Revenue and Forecasts and Analysis - By Countries
10.1.2.1 US: North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.1.1 US: North America Cloud ERP Market Breakdown by Business Function
10.1.2.1.2 US: North America Cloud ERP Market Breakdown by Organization Size
10.1.2.1.3 US: North America Cloud ERP Market Breakdown by Vertical
10.1.2.2 Canada: North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Canada: North America Cloud ERP Market Breakdown by Business Function
10.1.2.2.2 Canada: North America Cloud ERP Market Breakdown by Organization Size
10.1.2.2.3 Canada: North America Cloud ERP Market Breakdown by Vertical
10.1.2.3 Mexico: North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 Mexico: North America Cloud ERP Market Breakdown by Business Function
10.1.2.3.2 Mexico: North America Cloud ERP Market Breakdown by Organization Size
10.1.2.3.3 Mexico: North America Cloud ERP Market Breakdown by Vertical
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. COMPANY PROFILES
12.1 ACUMATICA, INC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Infor Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Microsoft Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Oracle Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Sage Group Plc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 SAP SE
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Workday Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 SYSPRO Proprietary Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Epicor Software Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Unit4 Group Holding BV
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 Word Index
List of Tables
Table 1. North America Cloud ERP Market Segmentation
Table 2. North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Million) - Business Function
Table 4. North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Million) - Organization Size
Table 5. North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Million) - Vertical
Table 6. North America Cloud ERP Market, by Country - Revenue and Forecast to 2030 (USD Million)
Table 7. US: North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) - By Business Function
Table 8. US: North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) - By Organization Size
Table 9. US: North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) - By Vertical
Table 10. Canada: North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) - By Business Function
Table 11. Canada: North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) - By Organization Size
Table 12. Canada: North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) - By Vertical
Table 13. Mexico: North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) - By Business Function
Table 14. Mexico: North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) - By Organization Size
Table 15. Mexico: North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn) - By Vertical
Table 16. List of Abbreviation
List of Figures
Figure 1. North America Cloud ERP Market Segmentation, By Country
Figure 2. Ecosystem: North America Cloud ERP Market
Figure 3. North America Cloud ERP Market - Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Cloud ERP Market Revenue (US$ Million), 2022 & 2030
Figure 6. North America Cloud ERP Market Share (%) - Business Function, 2022 and 2030
Figure 7. Finance and Accounting Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Sales and Marketing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Inventory and Order Management Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Human Capital Management Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. North America Cloud ERP Market Share (%) - Organization Size, 2022 and 2030
Figure 13. Large Enterprises Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. SMEs Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. North America Cloud ERP Market Share (%) - Vertical, 2022 and 2030
Figure 16. Manufacturing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. IT and Telecom Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. BFSI Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Healthcare Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Retail Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Government Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Aerospace and Defense Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 24. North America Cloud ERP Market, By Key Country - Revenue (2022) (US$ Million)
Figure 25. Cloud ERP market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 26. US: North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. Canada: North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 28. Mexico: North America Cloud ERP Market Revenue and Forecasts to 2030 (US$ Mn)
1. ACUMATICA, INC
2. Epicor Software Corp
3. Infor Inc
4. Microsoft Corp
5. Oracle Corp
6. Sage Group Plc
7. SAP SE
8. SYSPRO Proprietary Ltd
9. Unit4 Group Holding BV
10. Workday Inc
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America Cloud ERP Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America Cloud ERP Market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.