Cloud Applications Market to Witness Huge Growth by Key Players: Microsoft, Salesforce, Oracle, SAP, Google, Workday, Adobe, IBM, Infor, Sage Group, Intuit, Epicor, IFS, ServiceNow and Others.

According to Market Study Report, Cloud Applications Market provides a comprehensive analysis of the Cloud Applications Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape,technological trends and market share information in the Cloud Applications Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Cloud Applications Market size is expected to grow from USD 171 Billion in 2020 to USD 356 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.8% during the forecast period. This report spread across 166 pages, profiling 20 companies and supported with 106 tables and 32 figures are now available in this research.

Top Companies Profiled in the Cloud Applications Market:
o Microsoft (US)
o Salesforce (US)
o Oracle (US)
o SAP (Germany)
o Google (US)
o Workday (US)
o Adobe (US)
o IBM (US)
o Infor (US)
o Sage Group (UK)
o Intuit (US)
o Epicor (US)
o IFS (Sweden)
o ServiceNow (US)
o OpenText (US)
o Cisco (US)
o Box (US)
o Zoho (US)
o Citrix (US)
o LogMeIn (US)
o Upland Software (US)

"Among applications, the customer relationship management segment to hold a significant market share in 2020"
Cloud Customer Relationship Management (CRM) solutions are deployed over the cloud environment and make the use of cloud computing platforms and services to provide businesses with flexible business process transformations. CRM implementation revolutionizes management across large enterprises and Small and Medium-sized Enterprises (SMEs), helping them improve their relationship with the customers.Vendors offer cloud-hosted CRM solutions that efficiently help organizations manage and store the customer data, offer instant access to real-time insights of sales opportunities, and automate task management processes.

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"Among verticals, the retail and consumer goods vertical is expected to grow at the highest CAGR during the forecast period"
The retail and consumer goods vertical is adopting digitalization initiatives at a rapid pace to meet the rising customer expectations and sustain the highly competitive market. Nowadays, consumers across the world are influencing product trends through reviews and social media, doing extensive product research online, and expecting a seamless omnichannel experience across all touchpoints. This make retailers face tremendous pressure to deliver new business capabilities faster.

"Asia Pacific to record the highest growth rate during the forecast period"
The adoption of cloud applications in APAC has grown significantly in the last decade. Enterprises operating in APAC countries are looking forward to automating and streamlining the management of their day-to-day operations and gain differential competitive advantage by adopting cloud computing services. The use of technology-enabled cloud applications keep IT support teams better informed about service request and fix these issues with great accuracy.

Breakdown of primary participants' profile:
o By company type: Tier 1 - 15%, Tier 2 - 42%, and Tier 3 - 43%
o By designation: C-level - 62%, Directors - 20%, and Others - 18%
o By region: North America - 40%, Europe - 20%, APAC - 30%, MEA- 5%, and Latin America- 5%

Competitive Landscape of Cloud Applications Market:
1 Introduction
2 Competitive Scenario
2.1 New Product Launches
2.2 Acquisitions
2.3 Partnerships
2.4 Business Expansions

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Reason to access this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall cloud applications market and its sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.

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