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.