Cloud Applications Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

A cloud application is a software program that integrates cloud-based and on-premises components. Organizations use cloud application program services in mobile applications or web browsers and combine cloud computing solutions with on-premises devices to use data processing services. Factors such as the growing focus on delivering enhanced customer experience, increasing awareness of the benefits of the cloud and its imminent technologies among organizations, growing demand for safe and secure backed-up remote work, and the flexibility and scalability offered by cloud applications along with the customization delivered by cloud application service providers are positively influencing the cloud applications market.

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According to UnivDatos Market Insights (UMI)’ research report “global cloud applications market”, the market is expected to witness a growth of around 16% during the forecast period (2021-2027). This is mainly due to the growing focus on delivering enhanced customer experience and the increasing awareness of the benefits of the cloud and its imminent technologies among organizations.

Based on organization size, the market is segmented into large enterprises and SMEs. Among these, the large enterprises held a prominent share of the cloud applications market in 2020 and are expected to witness substantial growth during the forecast period owing to the low cost of operation, improved collaboration, increased flexibility, and other features provided by cloud applications.

Based on industry, the market is divided into banking and financial services, healthcare, information and communication technology, government, consumer goods and retail, media and entertainment, and others. Among these categories, the banking and financial services industry accounted for a significant share of the global cloud application market in 2020 and is expected to witness a robust CAGR during the forecast period. This is because the banking industry is adopting digital initiatives at an intense pace to fulfill growing customer expectations and maintain a highly competitive market.

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North America held a significant share of the market

North America accounted for a significant share of the global cloud applications market and is expected to grow at a steady growth rate during the forecast period. The growth of the cloud applications market in the region can be attributed to the increased acceptance of cloud application services and the presence of a large number of service providers in the region. Further on, the governments are also adopting cloud applications, which is further impacting the cloud applications market in the region. For instance, one of the major cloud services providers AWS provides a secure, scalable, and cost-effective solution to support the unique needs and missions of the US federal government. Its cloud services can be used to meet obligations, reduce costs, increase efficiency, and drive innovation in private, intelligence, and Department of Defense.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global cloud applications market are Microsoft Corporation, Salesforce Inc., Oracle Corporation, SAP SE, Google LLC, Workday Inc., Adobe Inc., Sage Group plc, Intuit Inc., and Cisco Systems Inc. along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global Cloud Applications Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.    

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Market Segmentation:

1.     By Organization Size (Large Enterprises and SMEs)

2.     By Application (Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Human Capital Management (HCM), Supply Chain Management (SCM), Content Management, and Business Intelligence (BI) and Analytics)

3.     By Industry (Banking and Financial Services, Healthcare, Information and Communication Technology, Government, Consumer Goods and Retail, Media and Entertainment, and Others)

4.     By Region (North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, UK, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World)

5.     By Company (Microsoft Corporation, Salesforce Inc., Oracle Corporation, SAP SE, Google LLC, Workday Inc., Adobe Inc., Sage Group plc, Intuit Inc., and Cisco Systems Inc.)

Key questions answered in the study:

1.     What are the current and future trends of the global cloud applications industry?

2.     How the industry has been evolving in terms of organization size, application, and industry?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global cloud applications industry?

5.    What is the customer orientation, purchase behavior, and expectations from the global cloud applications solution providers across various region and countries? 

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 CLOUD APPLICATIONS MARKET COVID-19 IMPACT

6 CLOUD APPLICATIONS MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY ORGANIZATION SIZE

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY INDUSTRY

10 MARKET INSIGHTS BY COUNTRY

11 CLOUD APPLICATIONS MARKET DYNAMICS

12 CLOUD APPLICATIONS MARKET OPPORTUNITIES

13 CLOUD APPLICATIONS MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER 

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