Industry Background:
Cloud enterprise application software enables the data required for the application to be stored in a centralized location. The software makes implementing remote work easier and more secure since employees working from afar don’t have to connect to the enterprise’s main databases or servers. The rapid increase in the banking business and e-commerce business are some of the factors fuelling the growth of the cloud enterprise application software market. Moreover, the increasing adoption of cloud computing technology and the rising trend of enterprise mobility are expected to boost the global cloud enterprise application software market during the forecast period.This growth is primarily driven by Growing Adoption of Cloud Enterprise Application Software for Simplified Integration of Complex and Heterogeneous Cloud Environments and Increasing Internet Penetration Rate in Various Countries and High Adoption of Cloud-Based Solutions.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Aptean (United States), IBM Corporation (United States), Oracle Corporation (United States), Microsoft Corp. (United States), SAP SE (Germany), Hewlett Packard Enterprise (United States), CA Technologies, Inc. (United States), Ioffice Corporation (United States), Archibus, Inc. (United States) and FM System, Inc. (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Growing IoT Market and Rising Trend of Big Data Analytics
. Major Players, such as Aptean (United States), IBM Corporation (United States), Oracle Corporation (United States), Microsoft Corp. (United States), SAP SE (Germany), Hewlett Packard Enterprise (United States), CA Technologies, Inc. (United States), Ioffice Corporation (United States), Archibus, Inc. (United States) and FM System, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Aptean, a global provider of mission-critical enterprise software solutions, acquired Netherlands-based DIN Solutions, a full-service provider of specialized food and beverage enterprise resource planning (ERP) solutions for middle-market organizations in the Benelux region.
On 2nd March 2022, Aptean launched Aptean EAM, a new, cloud-based enterprise asset management (EAM) solution for manufacturing and other businesses that depend on complex equipment to support production. The new offering can scale from functioning as a standalone computerized maintenance management system (CMMS) to delivering advanced EAM functionality.
Market Drivers
- Growing Adoption of Cloud Enterprise Application Software for Simplified Integration of Complex and Heterogeneous Cloud Environments
- Increasing Internet Penetration Rate in Various Countries and High Adoption of Cloud-Based Solutions
Market Trend
- Growing IoT Market and Rising Trend of Big Data Analytics
- The Inclination of Companies toward Customer-Centric Approach, and Realization of Competitive Advantages
Restraints
- Internet Breakdown and Bandwidth Limitations
Opportunities
Increasing Adoption of Private and Hybrid Cloud among the Enterprises to Optimize the Internal Business Process and Improve Operational Efficiency and High Spending Of Various Countries on Business Technology and Information Technology
Challenges
Concerns Related to the Data Security and Privacy
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cloud Enterprise Application Software Study Sheds Light on
The Cloud Enterprise Application Software Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cloud Enterprise Application Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cloud Enterprise Application Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):
1. What are the years considered in the Cloud Enterprise Application Software Market?Historical year: 2017-2021; Base year: 2021; Forecast period: 2022 to 2027
2. Who are the key players profiled in the Cloud Enterprise Application Software Market?Companies that are profiled in Global Cloud Enterprise Application Software Market are Aptean (United States), IBM Corporation (United States), Oracle Corporation (United States), Microsoft Corp. (United States), SAP SE (Germany), Hewlett Packard Enterprise (United States), CA Technologies, Inc. (United States), Ioffice Corporation (United States), Archibus, Inc. (United States) and FM System, Inc. (United States) etc.