DUBLIN--(BUSINESS WIRE)--The "Cloud Applications Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The global cloud application market was valued at US$52.605 billion in 2017 and is projected to expand at a CAGR of 14.04% over the forecast period to reach US$115.71 billion by 2023.
Cloud applications are applicant programs offered as a Software-as-a-Service (SaaS) to the users by the cloud service providers. These applications can be used as paid-subscription contracts by organizations, eliminating the need to download, upgrade or maintain any servers.
Major factors driving the growth of the market are increasing adoption of cloud solutions and services, growing need for big data analysis and rising demand for mobility. Increasing size of enterprise data on the cloud is leading to a higher demand for cloud-based data management services. The benefits of adopting Cloud Applications include standardized business process and optimized capital expenditures and maintenance costs.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions.
- Microsoft Corporation
- Salesforce.com, Inc.
- SAP SE
- Ultimate Software Group, Inc.
- Workday, Inc.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Cloud Applications Market By Type
6. Global Cloud Applications Market By Business Size
7. Global Cloud Applications Market By Industry Vertical
8. Global Cloud Applications Market By Geography
9. Competitive Intelligence
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/n86mjz/cloud?w=4