emerging

Cloud ERP Driving Digitalization

Cloud migration, particularly for ERP systems, is revitalizing digital transformation initiatives, offering enhanced security, scalability, and flexibility.

Detailed Analysis

While digital transformation progress has seemingly plateaued, cloud migration, especially for ERP systems, is injecting new momentum. The report notes that "the business case for continuing to pursue digital transformation is compelling," with companies in advanced stages anticipating higher revenue growth. This is fueled by the increased security, mobility, scalability, and flexibility offered by cloud-based solutions. The significant increase in companies moving to cloud ERP, particularly among processors (72%), underscores this trend.

Context Signals

Higher revenue and profit growth predicted by cloud ERP users 72% of processors moving to cloud ERP Focus on security, mobility, and scalability as drivers for cloud adoption

Edge

Increased adoption of serverless computing and other cloud-native technologies Development of industry-specific cloud solutions tailored to the unique needs of food and beverage companies Greater integration between cloud ERP and other cloud-based systems, such as CRM and SCM
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TRENDS
Companies using cloud ERP software predict 13.2% revenue growth in 2024/2025 and 14.4% profit growth.