Big Companies Poised to Embrace Cloud ERP

 Big Companies Poised to Embrace Cloud ERP

Over the next few years, midsize and enterprise businesses will move from ‘legacy’ ERP systems to next-generation intelligent ERP systems running in the cloud.

Enterprise resource planning, the core software that powers most large businesses, has reached a crucial tipping point. By 2020, industry analysts believe that four out of every 10 of large organizations will have at least 60% of their ERP applications in the cloud. Overall, the cloud ERP market (worth $21.1 billion in 2015) is forecast to grow at a compound average rate of 15.5% through 2020 to reach $43.3 billion.

This transition from running core ERP applications like accounting and finance, human resources and production and materials management ‘on-premise’ (in corporate data centers), to more flexible cloud- based ERP suites that facilitate innovation, has become a corporate IT imperative.

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