We are monitoring the impact of COVID-19 & Recession alarm on Cloud Applications Market Get in touch with us for detailed analysis Know More

Know More

Share on

Global Cloud Applications Market Research Report – Segmented By Application (ERP, CRM, HCM, SCM, Content Management, BI and Analytics), Organization Size (Large and SMEs), Vertical (BFSI, Manufacturing, Oil & Gas, Government & Public Sector, Retail & Wholesale, and Telecommunications), and Region Forecast to 2027

Published: January, 2022
ID: 9584
Pages: 150

Global Cloud Applications Market Analysis (2021 – 2026)

The global cloud application market size is predicted to grow from $ 171 billion in 2019 to $ 356 billion in 2025, at a compound annual growth rate (CAGR) of about 16% over the calculated period from 2020 to 2025.

Cloud applications are the software and tools that provide customers with services like software as a service (SaaS). Organizations use these applications without downloading, updating or maintaining any type of server and with a paid subscription. It offers advantages such as remote accessibility anytime and any location.

The scalability and flexibility of cloud applications, as well as the customization provided by various cloud service providers, help businesses adopt cloud applications. Cloud services aid in declining the expenses of implementing IT infrastructure, hardware, and hiring of skilful resources. These benefits help companies focus on their core businesses and are expected to drive adoption of cloud applications worldwide.

Recent DEVELOPMENTS:

  • In March 2016, Cisco acquired CliQr Technologies to expand its product line and modify its cloud implementation. An industry that invests heavily in research and development to gain a competitive advantage, for example, in 2014, SAP invested $ 2.5 billion in research and development.
  • In November 2015, Oracle introduced new innovations to the Oracle Marketing Cloud to help suppliers deliver a better customer experience. In the previous year, the company announced the acquisition of Front Porch Digital, which offers content storage management solutions.

Market Drivers and Restraints:

The global cloud application market is expected to experience strong growth in the near future. The growing awareness of the benefits of cloud applications is the main reason for the growth of the global market. In addition to this, the increased use of cloud service among businesses is also one of the main reasons driving the global cloud application market. The increased adoption of advanced technologies in different end-user verticals is also a key element driving the global cloud applications market. In addition, the low cost of maintenance is also a factor that elevates the worldwide market boom.

On the other hand, the high cost of owning cloud application tools is restricting the global business. Also, the high cost of raw materials also hampers the global market for cloud applications. Furthermore, the expenses related to transportation are the main reason that hinders the world market to some extent.

CLOUD APPLICATIONS MARKET  REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

16%

Segments Covered

By Application, Organization Size, Vertical and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Microsoft (USA), Salesforce (USA), Oracle (USA), SAP (Germany), Google (USA), Workday (USA), Adobe (USA), IBM (USA), Infor (USA), Sage Group (UK), Intuit (USA), Epicor (USA), IFS ( Sweden), ServiceNow (United States), OpenText (United States), Cisco (United States), Box (United States), Zoho (United States), Citrix (United States), LogMeIn (United States) and Upland Software (United States ) and Others.

 

Cloud Applications Market Segmentation:

Cloud Applications By Application:

Depending on the application, the global cloud application market is primarily classified into ERP, CRM, HCM, SCM, Content Management, BI and Analytics. Among applications, the supply management segment will experience strong growth over the forecast period

The adoption of cloud supply chain management (SCM) among SMEs and large enterprises has increased to manage and monitor supply chain activities in the most efficient way to reduce costs, as well as to improve and guarantee efficient operation. Cloud SCM applications provide businesses with real-time access to business data, making it easier to make quick decisions and improve business processes. It removes geographic barriers because many cloud providers rely on common practices to access, store and retrieve data in the cloud.

Cloud Applications By Organization Size:

According to organization size, the global market is segmented into small and medium companies and large companies.

Cloud Applications By Vertical:

Based on the verticals, the global cloud app market is ranked primarily in BFSI, Manufacturing, Oil & Gas, Government & Public Sector, Retail & Wholesale, and Telecommunications. Among the verticals, the BFSI segment to retain the largest share in 2020. The vertical of Banking, Financial and Insurance Services (BFSI) is adopting digitalization initiatives at a rapid pace to meet the growing expectations of customers and keep the market very competitive. Suppliers provide a variety of cloud services to banks to implement operating models to improve revenue generation, increase customer visibility, deliver market-relevant products quickly and efficiently and help monetize business data assets. The banking industry needs to store and manage confidential customer information, such as credit card details, transaction details, and personal information.

Regional Analysis:
Regionally, the global cloud application market is segmented into Asia Pacific, Europe, North America, and the rest of the world. India and China are expected to drive the global market in the future due to increased job opportunities. The rise in use of the cloud service among companies will drive the global market in North America. The rest of the world will experience moderate growth in the near future.

North America is a major investor in computer technology. The presence of large economies, such as the United States and Canada, in the region is expected to contribute to the cloud application market. The rise in the penetration of the IT infrastructure over the Internet and the presence of the leading cloud service providers has made the region the significant adopter of cloud applications. Companies operating in North America have realized the advantage of using cloud services at an early stage, making them the largest contributor to the global market during the evaluation period.

Impact of Covid-19 on the Cloud Application Market

The pandemic caused by Covid-19 has brought the entire world to standstill and made people to work from home. This has resulted in a surge in the cloud application around the world and the same trend is foreseen to continue for some time as most of the renowned and start-up companies are asking their employees to continue assistance from their homes. Although coronavirus has brought an adverse impact on various industries, the cloud application market has benefitted greatly.

Key players in the market:

The main providers in the cloud application market are Microsoft (USA), Salesforce (USA), Oracle (USA), SAP (Germany), Google (USA), Workday (USA), Adobe (USA), IBM (USA), Infor (USA), Sage Group (UK), Intuit (USA), Epicor (USA), IFS ( Sweden), ServiceNow (United States), OpenText (United States), Cisco (United States), Box (United States), Zoho (United States), Citrix (United States), LogMeIn (United States) and Upland Software (United States ). The research report also looks at strategic alliances and lucrative acquisitions between various global and local players in the cloud ecosystem. These players have largely adopted the association strategy to improve their activity in the market. They also launched new products to meet the needs of diverse end users in all regions.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Cloud Applications Market, By Application                    

                                6.1.1 Enterprise Resource Planning (ERP)             

                                6.1.2 Consumer Relation Management (CRM)   

                                6.1.3 Supply Chain Management (SCM  

                                6.1.4 HCM          

                                6.1.5 Content Management       

                                6.1.6 BI & Analytics         

                                6.1.7 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.8 Y-o-Y Growth Rate Analysis             

                                6.1.9 Market Attractiveness Index          

                6.2 Cloud Applications Market, By Organization Size                        

                                6.2.1 SMEs         

                                6.2.2 Large         

                                6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

                6.3 Cloud Applications Market, By Vertical                           

                                6.3.1 BFSI            

                                6.3.2 Manufacturing      

                                6.3.3 Oil & Gas  

                                6.3.4 Government & Public Sector           

                                6.3.5 Retail & Wholesale              

                                6.3.6 Telecommunications          

                                6.3.7 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.8 Y-o-Y Growth Rate Analysis             

                                6.3.9 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Application        

                                7.2.3 By Organization Size            

                                7.2.4 By Vertical               

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Application        

                                7.3.3 By Organization Size            

                                7.3.4 By Vertical               

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Application        

                                7.4.3 By Organization Size            

                                7.4.4 By Vertical               

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Application        

                                7.5.3 By Organization Size            

                                7.5.4 By Vertical               

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Application        

                                7.6.3 By Organization Size            

                                7.6.4 By Vertical               

8. Key Player Analysis                                    

                8.1 Microsoft                    

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Salesforce                   

                8.3 IBM                

                8.4 Oracle                           

                8.5 SAP                

                8.6 Google                         

                8.7 Adobe                          

                8.8 Infor                              

                8.9 Cisco                              

                8.10 OpenText                 

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Cloud Applications Market By Region, From 2020-2025 ( USD Billion )
  2. Global Cloud Applications Market By Application, From 2020-2025 ( USD Billion )
  3. Global Enterprise Resource Planning (ERP) Market By Region, From 2020-2025 ( USD Billion )
  4. Global Consumer Relation Management (CRM) Market By Region, From 2020-2025 ( USD Billion )
  5. Global Supply Chain Management (SCM Market By Region, From 2020-2025 ( USD Billion )
  6. Global HCM Market By Region, From 2020-2025 ( USD Billion )
  7. Global Content Management Market By Region, From 2020-2025 ( USD Billion )
  8. Global BI & Analytics Market By Region, From 2020-2025 ( USD Billion )
  9. Global Cloud Applications Market By Organization Size, From 2020-2025 ( USD Billion )
  10. Global SMEs Market By Region, From 2020-2025 ( USD Billion )
  11. Global Large Market By Region, From 2020-2025 ( USD Billion )
  12. Global Cloud Applications Market By Vertical, From 2020-2025 ( USD Billion )
  13. Global BFSI Market By Region, From 2020-2025 ( USD Billion )
  14. Global Manufacturing Market By Region, From 2020-2025 ( USD Billion )
  15. Global Oil & Gas Market By Region, From 2020-2025 ( USD Billion )
  16. Global Government & Public Sector Market By Region, From 2020-2025 ( USD Billion )
  17. Global Retail & Wholesale Market By Region, From 2020-2025 ( USD Billion )
  18. Global Telecommunications Market By Region, From 2020-2025 ( USD Billion )

Please wait. . . . Your request is being processed

PURCHASE OPTIONS

pdf
$

4255


pdf excel
$

5060


pdf excel powerbi
$

7360


excel
$

2500

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • 6 Months of Free Analyst Support.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • 1 Year of Free Analyst Support.
  • PDF, Excel and Power BI Dashboard.
  • Can be accessible by unlimited users.
  • 1 Year of Free Analyst Support.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
customer-support
ASK FOR CUSTOMIZATION

Talk to our analyst and get customised report done according to your research needs

tag
INQUIRE FOR DISCOUNT

Check if you can avail any discount. Submit your details and our team will get back to you.

cloud-download
DOWNLOAD FREE SAMPLE

Request to avail a free sample report that reflects this market and its growth.

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 4255

Didn’t find what you’re looking for?
TALK TO OUR TEAM

Find it too expensive?
NO WORRIES!

Click for Request Sample