Fast response to business needs, simplified operation, and instant scalability drives the demand for cloud application market
The global cloud applications market size is anticipated to reach at USD 126 billion by 2025. The rising implementation of the cloud applications among the organizations is the key reason responsible for the industry growth. While large enterprises use private clouds to ensure reliability and scalability, small & medium enterprises generally implement public cloud services owing to their cost-effective benefits.
Traditional IT infrastructure need deploying, developing, and testing applications, which may lead to high investment, along with under utilization of resources. Additionally, issues related to the privacy, security, and data access are the key constraints to the industry growth as they may severely affect business functionality.
The global cloud applications market is classified into business analytics, application development & testing, database management, storage backup and disaster recovery, integration & orchestration, collaboration and content management, enterprise resource management, and others. The application development & testing gathered the largest market share within the cloud application market in 2019. However, the business analytics segment is anticipated to witness a substantial growth rate over the forecast period.
The report also throws light on various aspects of the global cloud application by assessing the market using value chain analysis. The report covers several qualitative aspects of the cloud application industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The global cloud application market has strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
The global cloud application market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the cloud applications, owing to an outsized presence of organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the cloud applications market in North America.
The major players of the global cloud applications market are IBM, SAP AG, Cisco, Salesforce, Workday Inc., Microsoft, NetSuite, Adobe, Oracle, Ultimate Software Group, and others. The cloud applications market is fragmented with the existence of well-known global and domestic players across the globe.
Segment Overview of Global Cloud Application Market
Type Overview, 2018-2025 (USD Billion)
- Application Development & Testing
- Business Analytics
- Collaboration & Content Management
- Database Management
- Enterprise Resource Management
- Integration & Orchestration
- Storage Backup And Disaster Recovery
Organization Size Overview, 2018-2025 (USD Billion)
- Small & Medium
Deployment Overview, 2018-2025 (USD Billion)
Application Overview, 2018-2025 (USD Billion)
- Telecom & IT
- Media & Entertainment
- Government & Utilities
Regional Overview, 2018-2025 (USD Billion)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America