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According to a new report Asia-Pacific Cloud Enterprise Resource Planning (ERP) Market, published by KBV Research, the Asia-Pacific Cloud Enterprise Resource Planning (ERP) Market is expected to grow at a CAGR of 10.4% during the forecast period.
The China market dominated the Asia-Pacific Cloud Enterprise Resource Planning (ERP) Market by Country in 2015, and would continue to be a dominant market till 2022; thereby, achieving a market value of $1,594.8 million by 2022, growing at a CAGR of 6.4% during the forecast period. The Japan market is expected to witness a CAGR of 10.2% during (2016 - 2022). Additionally, The India market is expected to witness a CAGR of 11.6% during (2016 - 2022).
The Professional market dominated the Asia-Pacific Cloud Enterprise Resource Planning (ERP) Market by Type in 2015, and would continue to be a dominant market till 2022. The Managed market is expected to witness a CAGR of 13.8% during (2016 - 2022). The region is expected to be the fastest growing region in the global cloud ERP market, due to rapidly rising rate of adoption of solutions across SMEs and large enterprises emerging in this region.
Within the function segment, the finance function segment would be the fastest growing segment with the highest CAGR during the forecast period. Efficient and reliable management of various financial activities such as accounting, assets management, investments, and cash flow management are the major factors that would drive the demand for the function segment during the forecast period. The operations function segment is the largest segment with maximum market share of cloud ERP market in 2016, due to significant demand for such solutions across business operations processes from various industry verticals.
The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in the region. The key influencing factors of the Asia-Pacific Cloud ERP have been discussed in the report along with the elaborated company profiles of IBM Corporation, Microsoft Corporation, HP Enterprise Company, Oracle Corporation, SAP SE, CA, Inc., Salesforce.com, Inc., Epicor Software Corporation and VMware, Inc.
Full report: https://www.kbvresearch.com/asia-pacific-cloud-enterprise-resource-planning-erp-market/
Segmentation
Global Cloud ERP Market
North America Cloud ERP Market
Europe Cloud ERP Market
LAMEA Cloud ERP Market