The cloud applications market size expects to grow from USD 171 billion in 2020 to USD 356 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15% during the forecast period. The scalability and flexibility of cloud applications along with the customization provided by various cloud service providers are helping enterprises in adopting cloud applications. Cloud services help in reducing the cost of deploying IT infrastructure, hardware, and hiring skilled resources. These benefits help enterprises focus on their core businesses and are expected to drive the adoption of cloud applications across the globe.
A full report of Cloud Applications Market is available at: https://www.orionmarketreports.com/cloud-applications-market/30997/
Cloud Applications Market Key Segments
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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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
