Enterprise Resource Planning (ERP) adoption factors have been studied quite extensively over the years. However, this research tries to investigate upon the less explored area of Cloud ERPs. Relatively less research has been conducted, when it comes to adoption of Cloud ERP especially in Small and Medium sized Enterprises (SMEs). SMEs of the European Union (EU) and India are specifically targeted, as they both represent non-homogeneous markets which make a significant contribution in the respective economies. Primarily, the Cloud ERP adoption factors are identified and classified into different dimensions using the Technology, Organization and External task environment (TOE) framework. Important dimensions of 'Awareness' and 'Company characteristics' are also added to this research model. Furthermore, the data analysis is done to understand the demographics, mean agreement levels, correlations and standard deviations among the identified factors of Cloud ERP adoption. All the results are presented in a comparative manner, where SMEs of the EU and India are compared and contrasted. The research also makes literature contributions and advocates the future scope of ERP landscape.