Cloud ERP Suites 2024 Market Insights™

November, 2024

This report identifies key demand-side trends in the cloud ERP suites market, helping enterprises fine-tune their ERP adoption strategies. It includes key trends and enterprise business challenges in the ERP suites space based on Avasant’s assessment.

Why read this Market Insights?

Enterprises are adopting cloud ERP systems to enhance automation, data standardization, supply chain visibility, inventory management, and scalability. In manufacturing, ERP facilitates real-time monitoring and demand forecasting, while in retail and professional services, it enhances customer experience, inventory control, and project management. By integrating generative AI, enterprises can leverage data from multiple ERP modules and third-party sources to drive data-driven decision-making, gaining contextual and actionable insights. Additionally, sustainability-focused AI within ERP systems enables real-time tracking of environmental impacts, empowering enterprises to reduce carbon emissions, meet sustainability goals, and improve resource efficiency through precise reporting.

The Cloud ERP Suites 2024 Market Insights™ aids enterprises in identifying important market trends and challenges for any ERP adoption project they take part in.

Methodology

The industry insights presented in this report are based on our ongoing interactions with enterprise CXOs and other key executives, targeted discussions with platform vendors, subject matter experts, and Avasant Fellows, and lessons learned from consulting engagements.

Table of contents

About the report (Page 3)

Executive summary (Pages 4–8)

    • Definition and scope of cloud enterprise resource planning suites
    • Avasant recognizes nine top-tier vendors supporting enterprise adoption of cloud ERP suites
    • List of cloud ERP suite vendors evaluated
    • Key enterprise cloud ERP trends shaping the market

Demand-side trends (Pages 9–13)

    • Automation of repetitive tasks and manual workflows is the priority of over 80% of the enterprises implementing cloud ERP systems
    • Manufacturing, retail, and professional services sectors are the top buyers of cloud ERP solutions, collectively accounting for over 55% of the market demand
    • Cloud ERP solutions help companies from the top three industries improve production, enhance customer experience, and unify organizational practices
    • Enterprises are embedding Gen AI within cloud ERP solutions to improve marketing and product development and enable data-driven decision-making

Key contacts (Page 14)


Read the Research Byte based on this report. Please refer to Avasant’s Cloud ERP Suites 2024 RadarView™ for detailed insights on the platform vendors and supply-side trends.

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DISCLAIMER:

Avasant’s research and other publications are based on information from the best available sources and Avasant’s independent assessment and analysis at the time of publication. Avasant takes no responsibility and assumes no liability for any error/omission or the accuracy of information contained in its research publications. Avasant does not endorse any provider, product or service described in its RadarView™ publications or any other research publications that it makes available to its users, and does not advise users to select only those providers recognized in these publications. Avasant disclaims all warranties, expressed or implied, including any warranties of merchantability or fitness for a particular purpose. None of the graphics, descriptions, research, excerpts, samples or any other content provided in the report(s) or any of its research publications may be reprinted, reproduced, redistributed or used for any external commercial purpose without prior permission from Avasant, LLC. All rights are reserved by Avasant, LLC.

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