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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 study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Cloud Application Market

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