Cloud Applications Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The cloud applications market accounted for USD 170.3 billion in 2021 and is projected to reach USD 54.34 billion by 2028, growing at a CAGR of 15% from 2022 to 2028. 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.

 

Company Profile

• Microsoft (US)
• Salesforce (US)
• Oracle (US)
• SAP (Germany)
• Google (US)
• Workday (US)
• Adobe (US)
• IBM (US)
• Infor (US)
• Sage Group (UK)

 

Market Segmentation

Based on applications

• Customer Relationship Management (CRM)
• Enterprise Resource Management (ERM)
• Human Capital Management (HCM)
• Content Management
• Collaboration and Productive Suites

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

 

Scope of the Report

The research study analyzes the Cloud Applications Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Cloud Applications Market Report

 

1. What was the Cloud Applications Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Cloud Applications Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Cloud Applications Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.