The global cloud applications market accounted for USD 170.3 billion in 2020 and is projected to reach USD 54.34 billion by 2028, growing at a CAGR of 15% from 2021 to 2027. Service providers are helping enterprises adopt cloud applications. Cloud services help reduce the cost of IT infrastructure, hardware deployment, and hiring skilled resources. These benefits help enterprises focus on their core business and are expected to drive the adoption of cloud applications worldwide.
A full report of Cloud Applications Market available at: https://www.orionmarketreports.com/cloud-applications-market/30997/
Key Market Players:
Major vendors in the cloud applications market include Microsoft (US), Salesforce (US), Oracle (US), SAP (Germany), Google (US), Workday (US), Adobe (US), IBM (US), Infor (US), Sage Group (UK), Intuit (US), Epicor (US), IFS (Sweden), ServiceNow (US), OpenText (US), Cisco (US), Box (US), Zoho (US), Citrix (US), LogMeIn (US), and Upland Software (US).
Cloud Applications Market- Segmentation
Based on applications
• Customer Relationship Management (CRM)
• Enterprise Resource Management (ERM)
• Human Capital Management (HCM)
• Content Management
• Collaboration and Productive Suites
• Supply Chain Management (SCM)
• Business Intelligence (BI) and Analytics
• Others (Project and Portfolio Management and operations and manufacturing applications)
Based on organization size
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
Based on verticals
• Banking, Financial Services, and Insurance (BFSI)
• Energy and Utilities
• Government and Public Sector
• Healthcare and Life Sciences
• Manufacturing
• Retail and Consumer Goods
• Telecommunications
• Transportation and Logistics
• Travel and Hospitality
• Others (education, and media and entertainment)
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