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The Cloud ERP Market to Grow at 10 Percent CAGR by 2025, Says Beroe Inc
RALEIGH, N.C., April 19, 2021 /PRNewswire/ The future of the cloud Enterprise Resource Planning Software (ERP) market is expected to see a growth of 10 percent CAGR by 2025, says Beroe Inc.
In 2019, the estimated value of the ERP market was $38 billion. Even though the growth is estimated to have slowed down in 2020, the Cloud ERP market is predicted to see an upward trend by 2025. While the APAC and Latin America regions are predicted to be the growth driving markets in the future, ERP penetration for large organizations is medium outside Europe and North America. The suppliers in the North America and Western Europe regions are established global service providers, catering to large-scale ERP buyers and have a wide range of services. In the APAC, Latin America regions, the global suppliers have expanded inorganically to tap vast opportunities. In contrast, the demand in Eastern Europe, Middle East, and A