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Cloud Applications Market by Application (Enterprise Resource Planning (ERP),Customer Relationship Management (CRM), Human Capital Management (HCM), Supply chain Management (SCM), Content Management, Business Intelligence(BI), and Analytics), Organization Size (Large Enterprise, Small &Medium Enterprises (SMEs)),and Industry Vertical (BFSI, Healthcare & Life Sciences, Telecommunications & IT, Government & Public Sector, Manufacturing, Consumer Goods & Retail, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
| A09683 | Pages: NA | Aug 2021 | 445 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Cloud Applications Market
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A cloud application is a software program where cloud-based and local components work together. Organizations are using cloud application program services with mobile applications or web browsers and data processing services with a combination of cloud computing solutions and local devices.Cloud applicationare controlling the logic, the formatting of the output, and the data to run a local device on the browser. It handles some processing services and make the application programming interface (API), a call to the cloud server for additional data and processing.Cloud-based applications are adopted by enterprises to streamline their business processes, which fuels growth of the market.
Cloud Applications Market Scope and Structure Analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value ($) |
Segments covered | Application, Organization Size, Industry Verticals and Region. |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa |
Companies covered | Major players include Adobe, Google, LLC, IBM, Microsoft, Oracle, Sage Group plc , Salesforce, SAP , ServiceNow and Workday, Inc. |
Impact of COVID-19 on Cloud Applications Market:
- Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the global cloud application market in 2020.
- As governments have imposed lockdowns to contain spread of the virus, businesses are turns on online.Cloud application are expected reduce the cost of infrastructure.
- Overall, the pandemic is expected to have a positive impact on the cloud application market.
- Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Rising awareness of the benefits of cloud applications is the chief reason for the growth of the global market. The flexibility and scalability of cloud applications alongside with the customization delivered by various cloud service providers are the major factorsthat drive growth of the market. In addition, demand for safely and securely backed up remotely work fuel the market growth. However, lack of technical expertise hampers the market growth. Furthermore,increased use of advanced technology in cloud applications invarious industry verticals is expected to provide lucrative opportunities for the global cloud application market.
The market trends for global cloud application market are as follows:Â
North America expected to lead the market
North America is anticipated to have the biggest market share during the projection period, owing toincreasedacceptance of cloud application service and large number of service providers existing in the region. Organization operating across diverse verticals in the region uses cloud applications such as HCM, SCM, CRM, and ERM to automate and maintain business procedures. In addition, technological advances in developing markets such as China, India and Japan and increased digitalization in the region are also expected to lead to substantial progress in the Asia-Pacific.
Rise in adoption of software-as-a-service (SaaS) by organization
Businesses using SaaS software for delivers a web application and underlying IT platforms and infrastructure. SaaS software offers ideal solution for business includes maintaining infrastructure, platforms, and software, provide valuable insights into business operations, and allowing for workflows to be streamline business process. In addition, it deliver content management systems, human resource software, and customer relationship management tools, which propel growth of the market.
Key segments covered:
Segments | Subsegments |
Application |
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Organization Size |
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End-User |
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Key benefits of the report:
- This study presents analytical depiction of the global cloud application market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed from 2021 to 2027 to highlight the global cloud application market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on the present and future competitive intensity of the market.
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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