Cloud Application: Introduction

  • A cloud application is also referred to as cloud app and is a software program where local and cloud-based components such as SaaS, IaaS, PaaS, & BPaaS work together on a remote server through a web browser with a continuous internet connection. Cloud applications are deployed in cloud environments rather than being hosted on a local server or machines.
  • Furthermore, a cloud application is like a standard website, where computing and data processing are managed. Cloud applications run between two different systems i.e. client-side and server-side.
cloud application market size and forecast

Global Cloud Application Market: Dynamics

Global Cloud Application Market: Key Drivers

  • Surge in demand for cloud computing across small & medium and large enterprises is expected to fuel the growth of the cloud application market.
  • Rapid increase in usage of mobile-based apps is a key aspect likely to accelerate the cloud application market in the next few years.
  • Rise in demand for cloud applications with trending technologies such as artificial intelligence, machine learning, and big data analytics, in order to access data in real time is expected to trigger the growth of the cloud application market.
  • Furthermore, growing deployment of cloud applications for monitoring tools such as cloud management platforms (CMPs), to keep track of compliance status, security threats, and application performance across all cloud systems is projected to create opportunity for the growth of the cloud application market across the globe.
  • Rising adoption of multi-cloud deployment across industries is projected to create new opportunities for the cloud application market during the forecast period 2021- 2031.

Global Cloud Application Market: Restraints

  • Rising cyber-attacks is a major factor expected to obstruct the growth of the global cloud application market in the next few years.

Impact of COVID-19 on the Global Cloud Application Market

The COVID-19 outbreak has been a major challenge for the post-pandemic business environment. Governments of different countries across the world have imposed lockdowns to curb the spread of the disease. Hence, organizations or enterprises are adopting cloud applications to monitor the performance of deployed cloud applications across remote servers during the pandemic outbreak. Cloud applications are extensively used by industries across both developed and developing countries during the pandemic outbreak, due to social distancing and for remote working. This in turn is likely to enhance the growth of cloud applications during the COVID-19 outbreak.

North America to Hold a Major Share of the Global Cloud Application Market

  • In terms of region, the global cloud application market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America dominated the global cloud application market in 2020. The U.S. is the key market in the region due to the increasing adoption of cloud technologies across enterprises in the U.S. Additionally, presence of well-established players offering cloud applications is expected to boost the cloud application market in the North American region.
  • The cloud application market in Asia Pacific is projected to expand at a rapid pace during the forecast period. This can be attributed to increasing adoption of cloud applications by enterprises across China, Japan, Singapore, Australia, and India, due to higher penetration rate of the internet for developing IT infrastructure systems.
cloud application market outlook by region

Global Cloud Application Market: Competition Landscape

Several local, regional, and global players are active in the cloud application market with a strong presence. Rapid technological advancements have created significant opportunities in the global cloud application market. Market players are increasingly focusing on collaborations, mergers, and acquisition activities with technology partners to develop innovative and advanced solutions in order to improve their offerings and market reach.

Key Players Operating in the Global Cloud Application Market Include:

  • Amazon Web Services, Inc.
  • 7T / SevenTablets Inc.
  • Adobe Inc.
  • Cloudbakers LLC.
  • Fujitsu Limited
  • Google LLC.
  • IBM Corporation
  • Jelastic, Inc.
  • Mendix Tech BV
  • Microsoft corporation
  • Oracle Corporation
  • Pivotal Software, Inc.
  • Rackspace Technology, Inc.
  • Red Hat, Inc.
  • Salesforce.com, Inc.
  • SAP SE
  • Siemens AG
  • Sumo Logic, Inc.
  • Tata Consultancy Services Limited.
  • Verizon Communications Inc.
cloud application market size by competition landscape

Global Cloud Application Market: Research Scope

Global Cloud Application Market, by Type

  • Public
  • Private
  • Hybrid

Global Cloud Application Market, by Application

  • SaaS
  • IaaS
  • PaaS
  • BPaaS

Global Cloud Application Market, by Enterprise Size

  • Small & Medium Enterprise
  • Large Enterprise

Global Cloud Application Market, by Industry

  • BFSI
  • Healthcare
  • IT and Communications
  • Retail and Consumer Goods,
  • Telecom
  • Energy and Utilities
  • Government and Public Sector
  • Manufacturing
  • Others

Global Cloud Application Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Cloud Application Market