Global Cloud Applications Market By Application (ERP, CRM, HCM, SCM, Content Management, BI and Analytics, and Others), Organization Size (Small and Medium-Sized Enterprises (SMEs), Large Enterprises), By Vertical (BFSI, Manufacturing, Government & Public Sector, Telecommunications, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 09-Jun-2021 Category: Technology & Media Report Format : PDF Pages: 150 Report Code: ZMR-907 Status : Published

The global cloud applications market accounted for US 170.38 Billion in 2020 and is expected to reach USD 540.34 Billion by 2028, growing at a CAGR of 15.5% from 2021 to 2028.

Description

Market Overview

The global cloud applications market accounted for US 170.38 Billion in 2020 and is expected to reach USD 540.34 Billion by 2028, growing at a CAGR of 15.5% from 2021 to 2028.

A cloud application, also known as a cloud app, is a software program that combines cloud-based and local components. These applications are used by companies without having to download them, update them, or manage some kind of server, and they are paid-for. For processing logic, this model relies on remote servers that are accessed via a web browser with a constant internet connection. These cloud apps are software and tools that are provided to consumers as part of the Software-as-a-Service model (SaaS).

Cloud apps' scalability and versatility, as well as the customization offered by numerous cloud service providers, are assisting businesses in embracing cloud applications. Cloud providers assist in lowering the cost of installing IT infrastructure, hardware, and recruiting qualified personnel. These advantages enable companies to concentrate on their core competencies, and these reasons enable the Cloud applications market to grow and accelerate the adoption of cloud applications around the world.

COVID-19 Impact Analysis

The cloud application market has seen a phenomenal growth in recent years; however, the market has seen a significant increase as a result of the COVID-19 pandemic. This is mostly due to the growing adoption of cloud applications, as more than 90% of companies around the world have implemented work-from-home policies in order to keep their operations running smoothly. Several cloud service providers such as Microsoft, Google, and UKCloud have recently issued statements explaining the efforts taken to offer the sudden surge in the demand for Cloud applications due to work from home policies adopted by the companies.

Growth Factors

The technical maturity of regular applications is a primary explanation for the paradigm change, as global adoption of cloud applications is increasing due to absence of maintenance and updating of applications at the owner’s end. This is leading to technological advances and have a direct effect on cost correction in Global Cloud Applications Market. Increased adoption of cloud computing services by Small and Medium Enterprises, as well as the financial constraints of emerging businesses, provide a forum for cloud computing technology to demonstrate its cost-effectiveness.

Over the last few decades, there has been an increase in the number of small and medium-sized businesses. The increased number of small and medium businesses has a big impact on cloud applications market opportunities; but, in the long run, this factor is projected to have a major impact on the cloud computing market. Entrepreneurs are encouraged to use cloud computing technologies because of the financial benefits and cost cutting. The outlook for the cloud services market is expected to be boosted by the growth of these Small and Medium Enterprises. If the number of SMEs grows, so does the potential for large-scale deployment of cloud computing services, which has a positive effect on business development.

Report Scope :

Organization Size Segment Analysis Preview

The adoption of cloud applications among SMEs and large enterprises has created a surge to manage and oversee the supply chain activities in the most effective manner to reduce the cost as well as enhance and guarantee efficient operations. Cloud applications provide enterprises real-time access to the Enterprise data, which facilitates rapid decision-making and enhanced business processes. 

Vertical Segment Analysis Preview

The BFSI sector held a share of around 15% in 2020. As BFSI companies are witnessing expanded customer base and internet user and are required to manage, recover, and secure large volumes of data, they continuously require cloud applications as it provides a transformative digital solution. Also, IT and Telecommunications is expected to grow further in terms of usage of cloud applications just like the previous years. The surging demand of OTT platforms has made an opportunity and a need for telecommunications to have increased usage of cloud applications.

Regional Analysis Preview

North America held a share of over 30% in 2020. This is because of the factors like presence of major economies such as the U.S. and Canada. Presence of major market players and higher penetration rate in internet developed IT infrastructure are also fueling the market growth in this region.

Asia Pacific region is projected to grow at a CAGR of around 17% over the forecast period. Adoption of Internet of Things (IoT) in various industrial and business operations is expected to open new avenues for the Cloud Applications market over the coming years.

Key Market Players & Competitive Landscape

Microsoft, Salesforce, Oracle, SAP, Googe, Workday, Adobe, IBM, Infor, Sage Group, Intuit, Epicor, IFS, ServiceNow, OpenText, Cisco, Box, Zoho, Citrix, LogMeIn, and Upland Software among others are some of the major Cloud Applications. Strategic alliances and lucrative acquisitions among various global and local players in the cloud ecosystem are also examined in the research study. To grow their business in the market, these companies have primarily used the collaboration approach. They've also introduced new items to meet the needs of a wide range of end users around the globe.

The global cloud applications market is segmented as follows:

By Application

  • ERP
  • CRM
  • HCM
  • SCM
  • Content Management
  • BI and Analytics
  • Others

By Organization size

  • Small and Medium Sized Enterprises
  • Large Enterprises

By Vertical

  • BFSI
  • Manufacturing
  • Government & Public Sector
  • Telecommunications
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Applications
        • 2.1.1.2. Market Attractiveness Analysis, By Organization Size
        • 2.1.1.3. Market Attractiveness Analysis, By Vertical
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Cloud Application Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Cloud Application Market – Applications Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Applications, 2020 & 2028
    • 4.2. ERP
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. CRM
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. HCM
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. SCM
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Content Management
      • 4.6.1. Market Size and Forecast, By Region (USD Million)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.7. BI & Analytics
      • 4.7.1. Market Size and Forecast, By Region (USD Million)
      • 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.8. Others
      • 4.8.1. Market Size and Forecast, By Region (USD Million)
      • 4.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.8.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Cloud Application Market – Organization Size Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Organization Size, 2020 & 2028
    • 5.2. Small and Medium Sized Enterprise
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Large Enterprise
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Cloud Application Market – Vertical Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Vertical, 2020 & 2028
    • 6.2. BFSI
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Manufacturing
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Government & Public Sector
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Telecommunications
      • 6.5.1. Market Size and Forecast, By Region (USD Million)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.6. Others
      • 6.6.1. Market Size and Forecast, By Region (USD Million)
      • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Cloud Application Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.2.2. North America Market Revenue, By Applications, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Organization Size, 2016 – 2028
      • 7.2.4. North America Market Revenue, By Vertical, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Applications, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Organization Size, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By Vertical, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Applications, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Organization Size, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By Vertical, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Applications, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Organization Size, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By Vertical, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.3.2. Europe Market Revenue, By Applications, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Organization Size, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By Vertical, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Applications, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By Organization Size, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By Vertical, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Applications, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By Organization Size, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By Vertical, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Applications, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Organization Size, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By Vertical, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Applications, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By Organization Size, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By Vertical, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Applications, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By Organization Size, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By Vertical, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Applications, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Organization Size, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By Vertical, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.4.2. Asia Pacific Market Revenue, By Applications, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Organization Size, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Vertical, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Applications, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By Organization Size, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By Vertical, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Applications, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By Organization Size, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By Vertical, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Applications, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By Organization Size, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By Vertical, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Applications, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Organization Size, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By Vertical, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Applications, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Organization Size, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By Vertical, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Applications, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Organization Size, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Vertical, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.5.2. Latin America Market Revenue, By Applications, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Organization Size, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By Vertical, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Applications, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Organization Size, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By Vertical, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Applications, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Organization Size, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By Vertical, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Applications, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Organization Size, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By Vertical, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Applications, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Organization Size, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By Vertical, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Applications, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Organization Size, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By Vertical, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Applications, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Organization Size, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By Vertical, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Applications, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Organization Size, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Vertical, 2016 – 2028
  • Chapter No. 8 Cloud Application Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
    • 8.3. Market Restraints
    • 8.4. Market Opportunities
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technulogy Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Cloud Application Market: Company Market Share, 2019
      • 9.1.2. Global Cloud Application Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global Cloud Application Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Cloud Application Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Microsoft
    • 10.2. Salesforce
    • 10.3. Oracle
    • 10.4. SAP
    • 10.5. Google
    • 10.6. Workday
    • 10.7. Adobe
    • 10.8. IBM
    • 10.9. Infor
    • 10.10. Sage Group
    • 10.11. Intuit
    • 10.12. Epicor
    • 10.13. IFS
    • 10.14. ServiceNow
    • 10.15. OpenText
    • 10.16. Cisco
    • 10.17. Box
    • 10.18. Zoho
    • 10.19. Citrix
    • 10.20. LogMeIn
    • 10.21. Upland Software
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodulogy
    • 12.1. Research Methodulogy
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Methodology


Frequently Asked Questions

The global cloud applications market was valued at USD 170.38 Billion in 2020.

The global cloud applications market is expected to reach USD 540.34 Billion by 2028, growing at a CAGR of 15.5% between 2021 to 2028.

Some of the key factors driving the global cloud applications market growth are increasing number of smartphone users and rising demand for technologically advanced devices.

North America region held a substantial share of the cloud applications market in 2020. This is attributable to the presence of major players such as IBM, Microsoft, and Google, among others. Asia Pacific region is projected to grow at a significant rate owing to the rising demand for cloud applications in developing economies such as China and India.

Some of the major companies operating in the cloud applications market are Microsoft, Salesforce, Oracle, SAP, Google, Workday, Adobe, IBM, Info, Sage Group, Intuit, Epicor, IFS, ServiceNow, OpenText, Cisco, and Box among others.
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