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Global Cloud ERP Market Analysis Report 2023-2028: Diversification Strategies – Expanding into New Products, Services, and Geographies

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DUBLIN, Feb. 15, 2024 /PRNewswire/ — The “Global Cloud ERP Market by Component (Solutions, Services), Business Function (Finance & Accounting, Sales & Marketing, Operations), Deployment Mode (Public Cloud, Private Cloud), Organization Size, Vertical, and Region – Forecast to 2028” report has been added to  ResearchAndMarkets.com’s offering.

The global cloud ERP market is expected to grow from USD 72.2 billion in 2023 to USD 130.5 billion by 2028 at a compound annual growth rate (CAGR) of 12.6%

The market study covers the cloud ERP market across segments. It aims to estimate the market size and the growth potential across different segments, such as components, business functions, organization sizes, verticals, deployment modes, and regions. It includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Cloud ERP empowers businesses to adapt to a dynamic and digital world while maintaining a competitive edge. Cloud ERP solutions can quickly adapt to the changing needs of an organization. Companies can add or remove features, users, or resources as required, making it easier to scale operations up or down according to market conditions or organizational growth.

Furthermore, inventory management, order management, and procurement are fundamental pillars of the cloud ERP market. These features benefit users in several crucial ways. For instance, inventory management ensures optimal stock levels, preventing overstocking or understocking, reducing carrying costs, and enhancing demand forecasting accuracy. Order management streamlines the order-to-cash cycle, facilitating efficient order creation, tracking, and fulfillment, resulting in improved accuracy and timely deliveries.

Moreover, it can offer self-service options for customers, enhancing their experience. These functions collectively provide real-time data, automation, and data-driven insights, empowering businesses to make informed decisions, improve operational efficiency, reduce costs, and deliver better customer service.

By vertical, the BFSI segment holds the highest CAGR during the forecast period

The cloud ERP market by vertical is divided into BFSI, IT & telecom, government & defense, education, healthcare & life sciences, manufacturing, retail, and other verticals.

The BFSI segment is estimated to grow at the highest CAGR during the forecasted cloud ERP market. The cloud ERP market plays a pivotal role in the BFSI vertical by addressing the unique challenges and demands of this highly regulated and data-sensitive industry. Cloud ERP systems offer transformative advantages in the BFSI sector, where data security, compliance, and efficiency are paramount.

These solutions enable financial institutions to streamline their complex operations, including accounting, risk management, customer service, and compliance tracking, all while enhancing agility and scalability. Cloud ERP in BFSI enables real-time data access and analysis, allowing for more informed decision-making and quicker responses to market changes.

Furthermore, these systems facilitate multi-channel customer interactions, helping banks and insurance companies deliver superior service and personalized experiences in an increasingly digital landscape. Cloud ERP solutions address the rigorous data security and compliance requirements of the BFSI sector, helping organizations adhere to regulatory standards while maintaining data integrity and privacy. In an era of digital disruption, the cloud ERP market in BFSI empowers institutions to adapt rapidly, improve operational efficiency, reduce costs, and, ultimately, provide enhanced financial services to their clients while staying compliant with evolving regulations.

Based on organization size, the large enterprises segment holds the largest market share during the forecast period

The cloud ERP market, by managed security service, is segmented into large enterprises and SMEs.

The large enterprises segment is expected to hold the largest market share during the forecast period. The cloud ERP market plays a transformative and strategic role in large enterprises by revolutionizing how they manage their business processes, resources, and data. Large enterprises, often characterized by complex operations and global reach, benefit significantly from cloud ERP systems.

These solutions provide a centralized and scalable platform that enables streamlined operations, real-time data access, and cross-functional collaboration on a massive scale. Large enterprises can efficiently manage their financials, supply chains, HR, and customer relationships while adapting to ever-changing market dynamics. Cloud ERP also facilitates cost savings by eliminating the need for extensive on-premises infrastructure and maintenance, and it enables agility by offering customization options and supporting rapid scalability.

Moreover, it enhances data security and compliance, which is critical for organizations dealing with vast amounts of sensitive information. Overall, cloud ERP empowers large enterprises to maintain a competitive edge, drive innovation, and navigate the complexities of the modern business landscape with agility and efficiency.

Based on deployment mode, the private cloud segment holds the highest CAGR during the forecast period

The cloud ERP market, by deployment mode, is segmented into public and private cloud.

The private cloud segment is estimated to grow at the highest CAGR during the forecasted cloud ERP market. Private cloud deployment is a crucial player in the cloud ERP market, offering unique advantages that cater to specific organizational needs. Unlike public cloud options, private cloud ERP deployments provide businesses with greater control over their infrastructure, making them ideal for industries with stringent regulatory compliance requirements or those handling extremely sensitive data.

This control allows for the customization of security measures, ensuring data protection and adherence to industry-specific standards. Private cloud ERP deployments also offer enhanced reliability and performance predictability since resources are dedicated solely to the organization, preventing potential performance fluctuations caused by shared resources in the public cloud. This stability is particularly vital for companies that rely heavily on ERP systems for mission-critical operations.

Moreover, private clouds enable businesses to leverage their existing on-premises investments by integrating them with cloud-based ERP solutions, facilitating a gradual transition to the cloud while preserving legacy systems and data. This hybrid approach allows for a smoother migration, minimizing disruption during the transition.

Private clouds also address concerns related to data sovereignty, as organizations can choose the physical location of their data centers or opt for dedicated infrastructure within a trusted third-party provider’s facility, giving them greater control over where their data resides.

The report provides insights on the following pointers:

Analysis of key drivers (Implementation of ERP systems to perform core business operations, Surge in adoption of cloud-based ERP solutions across verticals, Increased spending on public cloud platforms, Unified enterprise-wide integration approach, Need for disaster recovery and backup services amid COVID-19 pandemic), restraints (Availability of limited customization options for SaaS ERP solutions, Dependency on wireless routers), opportunities (Advent of big data and analytics in cloud ERP solutions, Increasing government investment in digitalization), and challenges (Integration issues with legacy and on-premises ERP systems, Security concerns in adopting cloud ERP solutions) influencing the growth of the cloud ERP market.Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the cloud ERP market.Market Development: Comprehensive information about lucrative markets – the report analyses the cloud ERP market across varied regions.Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the cloud ERP market.

Company Profiles

AcumaticaAzentio SoftwareBizautomationCentralbosCin7Dassault SystemesDeltekDeskeraDolibarrECI Software SolutionsEpicor Software CorporationFlectraGenius SolutionsGlobal Shop SolutionsIFSInforMicrosoftMIE SolutionsOdooOpenProOraclePlex SystemsPriorityQADRamco SystemsRootstock SoftwareRossumSage GroupSAPStartups/SMEsSysproTally SolutionsTyler TechnologiesUnit4Versa Cloud ERPVienna AdvantageWorkdayWrkplanXorosoft

For more information about this report visit https://www.researchandmarkets.com/r/fezdk7

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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LG INTRODUCES 2025 OLED EVO LINEUP WITH VIBRANT BRIGHTNESS AND AI-POWERED PERSONALIZATION

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LG’s New OLED evo Exemplifies Visual Perfection With Striking Brilliance and
Unrivaled Blacks, Along With AI Personalization for a Tailored User Experience

LAS VEGAS, Jan. 5, 2025 /PRNewswire/ — LG Electronics (LG) today unveiled its 2025 OLED evo lineup, highlighting a range of advanced TV offerings, including the world’s first true wireless OLED evo M5, and OLED evo G5 models. With LG’s latest α (Alpha) 11 AI processor Gen21 at its core, the latest OLED evo models present unparalleled OLED picture quality with impeccable blacks, exceptional brightness and advanced processing capabilities. Powered by AI-driven personalization, the LG OLED evo offers a customized experience tailored to each user and showcases the pinnacle of OLED innovation for an elevated home entertainment experience.

The latest OLED evo TVs feature LG’s upgraded Brightness Booster Ultimate technology, which enhances light control architecture and light-boosting algorithms to achieve brightness three times higher2 than conventional OLED models. This significant boost in brightness brings fine details into focus across different brightness levels, resulting in a more vibrant and lifelike viewing experience.

LG OLED evo refines every detail to perfection with flawless blacks, accurate color reproduction and stable performance. The latest models achieve top-notch black levels in both bright and dark settings, producing vibrant and accurate colors. These advanced OLED displays have received UL Solutions’ “Perfect Black”, “Perfect Color” verification and are certified by Intertek for 100 percent color fidelity. The 2025 OLED evo TVs also boast rapid brightness and color temperature stabilization, earning TÜV Rheinland’s “Quick Stability with Image Quality” certification.3 This ensures users experience exceptional picture quality immediately upon powering on the TV. 

New for 2025, LG’s latest OLED evo 4K TVs support Filmmaker Mode® with Ambient Light Compensation4 – an advanced version of Filmmaker Mode developed in collaboration with the creative community. This feature accurately detects the lighting conditions of the viewing environment and automatically adjusts the picture settings to maintain the filmmaker’s original intent, delivering a truly cinematic experience in various lighting conditions.

Elevating its reputation as the ultimate choice for gamers, the latest LG OLED evo TVs boast several features tailored to gaming, including the industry’s first 4K 165Hz5 Variable Refresh Rate (VRR), certified by NVIDIA® G-SYNC® and AMD FreeSync Premium. The OLED evo models enhance gaming with tear-free, stutter-free gameplay, minimal input lag and up to 165 frames per second. The OLED evo TVs are the first to receive ClearMR 10000 certification by VESA, ensuring flawless motion and seamless experiences even during fast-paced action sequences.

Powered by the advanced Alpha 11 AI Processor Gen2, the 2025 OLED evo models provide enhanced picture and sound quality. Deep learning algorithms meticulously analyze and refine low-resolution and low-quality images, enhancing them to a higher definition with pixel-level precision for natural and sharper visuals. Additionally, Dynamic Tone Mapping Professional offers expert-level control over HDR10 content for professional creators, allowing precise customization and fine-tuning of images for accurate color and detail representation in all viewing environments.

Complementing the impressive visuals, AI Sound Pro delivers rich, immersive audio with virtual 11.1.2 channels of surround sound, adjusting the tonal balance and clarity for an immersive, tailored listening experience. Designed with personalization in mind, LG’s newest OLED TVs boast AI-powered features that understand and adapt to individual audio and visual preferences. By analyzing over 1.6 billion image settings and 40 million sound profiles, the AI Picture/Sound Wizard tailors audio and visual modes for each user, ensuring a truly customized entertainment experience. These AI-driven features represent a new level of smart TV innovation, making the 2025 OLED evo models the most intuitive and user-centric TVs on the market.

The user experience is further elevated with a personalized journey that begins the moment the TV is powered on, courtesy of the AI Remote. AI Welcome greets users by name and provides tailored recommendations based on their preferences and viewing habits, while AI Voice ID adds convenience by recognizing individual voices, automatically switching profiles, and delivering content suggestions that match personal tastes. Finding content on LG’s newest OLED evo TVs has never been easier, with AI Search7 leveraging a Large Language Model (LLM) to understand conversational context and uncover subtle user intentions. Access to Microsoft Copilot further streamlines the process, allowing users to efficiently find and organize complex information using contextual cues. For an even smoother and more engaging experience, the AI Chatbot proactively identifies potential user challenges and offers timely, effective solutions. What’s more, the Generative Image Gallery8 allows users to create custom backgrounds using voice commands, adding a personal and creative touch to the viewing experience.

OLED evo’s user-friendly webOS interface provides a personalized and streamlined experience to access content and settings more easily. The new home screen is faster, more convenient and increasingly personalized with enhanced UI and categories. Additionally, webOS now supports multi-platform integration with the Home Hub, seamlessly connecting with multi ecosystems, ThinQ and Google Home, for control of various IoT devices. By bringing together these versatile ecosystems and broadening cross-platform capabilities, users can effortlessly manage and control their smart home ecosystem through a single, intuitive interface on their LG’s latest smart TVs. Extending benefits beyond the initial purchase, the webOS Re:New program allows LG Smart TV owners enjoy the most up-to-date TV experience for the next five years.

LG has presented the first-ever OLED TV capable of transferring audio and video wirelessly, transforming the home entertainment experience with unmatched audiovisual performance. As the world’s first true wireless OLED TV, the latest M5 series delivers wireless audio and video transmission at up to 144Hz6 without latency or loss in picture and sound quality. Certified by NVIDIA G-SYNC®, this wireless OLED TV ensures a tear-free, stutter-free gaming experience, even during fast-paced action at 4K 144Hz. Building on this innovation, LG has extended its advanced wireless audiovisual technology to QNED TVs, bringing its core value of technological excellence and cutting-edge innovation to more customers.

LG’s OLED evo models have been recognized for their customer value and performance improvement, earning multiple awards including the CES 2025 Best of Innovation Award (for 83G5 models) and the Honoree title (83M5 model) in the Video Display category.

Visitors to CES 2025 will have the opportunity to explore how LG is elevating the home entertainment experience with its latest innovations from January 7-10 at the company’s booth (#15004, Las Vegas Convention Center). To stay up to date with all of LG’s announcements at CES, visit the website and LG Global YouTube channel.

1 Equipped on G5 and M5 series
2 Applies to 65/55/77/83-inch G5/M5 models, compared to the same sizes of conventional OLED models (B5 series) with a 10% window
3 65-inch M5/G5/C5 series model has received this certification
4 This feature works on models equipped with a light sensor
5 4K 165Hz VRR is available on 55/65/77/83-inch G-series models.
6 Available in US and Korean market at the initial launch.
7 Available in US,,UK and Korean markets at the initial launch.
8 Wireless transmission refers to the transferring of video and audio signals between a TV screen and the Zero Connect Box. Visually lossless, based on internal test results with ISO/IEC 29170-2 and measurement results may vary depending on connection status.

About LG Electronics USA

LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $68 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, and vehicle components. LG is an 11-time ENERGY STAR® Partner of the Year. The company’s commitment to environmental sustainability and its “Life’s Good” marketing theme encompass how LG is dedicated to people’s happiness by exceeding expectations today and tomorrow. For more information, visit www.LG.com.

Media Contacts:

LG Electronics USA

LG Electronics USA

Chris De Maria

Christin Rodriguez

christopher.demaria@lge.com 

christin.rodriguez@lge.com

LG-One

LGHEUS@LG-One.com

 

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EcoFlow Debuts AI-Powered OASIS at CES 2025, Maximizing Energy Savings and Extreme Weather Prep

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EcoFlow also previews its residential energy systems customized for the U.S. market, and showcases its latest portable power stations and power banks

LAS VEGAS, Jan. 5, 2025 /PRNewswire/ — EcoFlow, a leading portable power and eco-friendly energy solutions company, unveiled EcoFlow OASIS at CES 2025, introducing homeowners to a revolutionary AI-powered energy solution designed to maximize home energy storage, prepare for weather-related power outages and reduce home electric bills.

EcoFlow OASIS harnesses artificial intelligence combined with real-time household and environmental data to maximize the benefits of EcoFlow’s wide range of portable and whole-home power devices. Factors like past energy usage, local electric rates, home solar energy generation and weather patterns help it provide personalized recommendations and automations. These can keep batteries charged ahead of severe weather, help users make smarter energy decisions and save money.

The built-in smart assistant intelligently responds to natural language queries like, “How can I maximize my solar energy usage today?” OASIS offers suggestions for optimized energy use and with the user’s permission, it can automatically put those recommendations into action. For example, it can run high-power appliances like air conditioners and washing machines on stored solar energy instead of grid power during peak pricing periods.

“As the first in the portable power industry to launch a user-focused mobile app, EcoFlow now leads again by integrating AI into a comprehensive energy management system,” said Peter Linghu, EcoFlow’s Director of Product Strategy and Development. “This year at CES, we’re showcasing the most advanced, integrated power solutions for portable and whole-home backup use. With OASIS, we empower our customers by putting control directly in their hands, demonstrating how cutting-edge technology can revolutionize everyday energy management.”

EcoFlow OASIS works with existing EcoFlow devices such as DELTA 3 Plus and RIVER 3 Plus, enabling select features like Storm Warning Alerts, Time-of-Use Mode, and Uninterrupted Power Supply. The full potential of OASIS’ smart energy management is experienced in the EcoFlow Whole-Home Power Backup Solutions, such as DELTA Pro Ultra with Smart Home Panel 2 system in North America. In Europe, the EcoFlow PowerOcean grid-tied residential energy system takes this concept even further.

EcoFlow will also launch a grid-tied, whole-home solar battery solution in the US later this year in a new product called EcoFlow OCEAN Pro, which will fully leverage OASIS’s advanced AI capabilities. Compatible with select EcoFlow power stations, OCEAN Pro offers increased energy capacity for improved power backup reliability and smarter utility bill savings.

OASIS integrates not only with EcoFlow’s products, but also with third-party devices compatible with Shelly and Matter, providing a unified view of energy sources like solar and grid power alongside real-time consumption insights—an industry first.

“With the increasingly capable systems we are introducing, EcoFlow OASIS simplifies home energy management, helping users maximize their energy investment,” Linghu said. “From charging your EV at the lowest cost to preparing for extreme weather, OASIS handles the guesswork. EcoFlow remains committed to delivering the ‘FIRST’ – flexible, innovative, reliable, simple, and thorough – power solutions.”

EcoFlow will also display at CES its full range of consumer products, including its third-gen portable power stations, integrated RV and camper van power solutions as well as its first ultra-portable solutions for mobile devices. These include:

Power Kit System: Expandable off-grid power solutions for RV and remote living, with an expandable capacity of up to 45kWh to power high-demand appliances like portable AC/heater units and refrigerators.

RAPID Series: EcoFlow’s first-ever magnetic power bank offers a built-in USB-C cable, phone stand and Qi2 15W wireless charging. It’s available in 5000mAh and 10000 mAh capacities to power devices, including phones, tablets, laptops, e-readers, ear pods and more.

Power Hat: A lightweight, outdoor-resistant solar-powered hat that charges up to two devices on-the-go with a dual USB-A/USB-C port.

Images and more information can be found in the EcoFlow media kit.

About EcoFlow:

EcoFlow is a leading provider of eco-friendly energy solutions, committed to powering a new world. Since its founding in 2017, EcoFlow has aimed to be the FIRST in power solutions — Flexible, Innovative, Reliable, Simple, and Thorough — for individuals and families, whether at home, outdoors or on the go. With a smart manufacturing center in China, and headquarters in the USA, Germany and Japan, EcoFlow has empowered over 4.5 million users in 140 markets worldwide. For more information, visit https://www.ecoflow.com/us.

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SOURCE EcoFlow Technology Inc.

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STRADVISION to Showcase Groundbreaking ADAS Innovations at CES 2025 featuring Texas Instruments technology

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Demonstration of the new TI TDA4VPE-Q1 automotive system-on-chip with STRADVISION’s production-ready SVNet 3D perception network for ADAS and autonomous driving

LAS VEGAS, Jan. 5, 2025 /PRNewswire/ — STRADVISION, a leader in deep learning-based vision perception technology is set to showcase their latest innovations featuring Texas Instruments (TI) processors at CES 2025. The collaboration highlights the integration of TI’s TDA4VPE-Q1 system-on-a-chip (SoC) for L2 domain controllers and STRADVISION’s SVNet 3D Perception Network, a production-ready, deep learning-powered solution that redefines ADAS and autonomous driving capabilities.

A Fusion of Cutting-Edge Technologies: SVNet 3D Perception Network based on the TDA4VPE-Q1 SoC

The TI TDA4VPE-Q1 automotive SoC, designed for multi-camera ADAS applications, integrates advanced sensor fusion, edge AI, graphics, and video co-processing. With 16 TOPS of AI performance, 4x Arm® Cortex®-A72 cores, optimized memory architecture, and a heterogeneous design, it delivers unparalleled efficiency while lowering system costs. This platform supports diverse imaging solutions, including Level 2 and Level 2+ ADAS, auto valet parking, 3D surround view, and more making it a versatile and cost-effective choice for next-generation automotive applications.

Paired with the TI TDA4VPE-Q1 SoC, the SVNet 3D Perception Network solution converts 2D camera data into precise 3D environmental maps, enabling vehicles to perceive their surroundings with exceptional clarity. Designed for adaptability, the SVNet platform supports high-level autonomous driving across various Operational Design Domains (ODD), including complex and challenging conditions.

Showcasing Innovation at CES 2025

At CES 2025, attendees can witness a live demonstration of the SVNet based on TDA4VPE-Q1 automotive SoC. The demo highlights its capabilities in enabling multi-camera inputs for advanced driver assistance systems (ADAS), such as Level 2+ highway driving, auto valet parking, 3D surround view, and memory-based automatic parking.

A Game-Changer for Automotive Applications

STRADVISION’s SVNet, integrated with the TDA4V-Mid Plus Eco SoC, empowers automotive OEMs to deliver scalable ADAS solutions. The SoC’s flexibility accommodates various image sensors and resolutions, supporting ADAS domain controllers, front cameras, surround views, and mirror replacement. This collaboration paves the way for innovation in automotive, robotics, and security systems.

“We are proud to collaborate with Texas Instruments to bring cost-effective yet powerful solutions to the automotive industry,” said Philip Vidal, CBO of STRADVISION. “The TDA4VPE-Q1 automotive SoC, paired with STRADVISION’s SVNet, exemplifies our shared vision for advancing ADAS technologies. With production-ready software development concluding in 2025 and a Start of Production (SoP) targeted for 2026, we are poised to meet the demands of an evolving market. This collaboration also underscores our commitment to global expansion, enabling us to address the rising demand for innovative and scalable solutions worldwide.”

“The TDA4VPE-Q1 automotive system-on-a-chip for L2 domain controllers with graphics, AI, and video co-processing embodies our vision of delivering high-performance, flexible, and efficient solutions for next-generation automotive applications,” said Mike Pienovi, product line manager at Texas Instruments. “Our collaboration with STRADVISION and their SVNet software demonstrates how technology can accelerate the move from 2D to 3D perception networks.”

Event Details: 

Date: January 7–10, 2025 Location: Westgate Hotel Hospitality Suite #2951, Las Vegas, Nevada 

For more information on STRADVISION and its industry-leading technologies, please visit STRADVISION

About STRADVISION 

Founded in 2014, STRADVISION is an automotive industry pioneer in artificial intelligence-based vision perception technology for ADAS. The company is accelerating the advent of fully autonomous vehicles by making ADAS features available at a fraction of the market cost compared with competitors. STRADVISION’s SVNet is being deployed on various vehicle models in partnership with OEMs; can power ADAS and autonomous vehicles worldwide; and is serviced by over 300 employees in Seoul, San Jose, Detroit, Tokyo, Shanghai, and Dusseldorf. STRADVISION has been honored with Frost & Sullivan’s 2022 Global Technology Innovation Leadership Award, the Gold Award at the 2022 and 2021 AutoSens Awards for Best-in-Class Software for Perception Systems, and the 2020 Autonomous Vehicle Technology ACES Award in Autonomy (software category). In addition, STRADVISION and its software have achieved TISAX’s AL3 standard for information security management, as well as being certified to the ISO 9001:2015 for Quality Management Systems and ISO 26262 for Automotive Functional Safety. 

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