Cloud Applications Market Expected to Reach $66.44 Billion by 2019

Cloud applications market categorizes the global market by types as analytics, CRM, finance and accounting, content management, and other applications, by end users and by Geography.


Pune, India -- (SBWIRE) -- 02/03/2016 -- According to a new market research report "Cloud Applications Market by Type (Analytics, CRM, Finance and Accounting, Content management, Collaboration, eCommerce, HCM, ERP, PPM, Procurement and Distribution, Legal and Risk Management, Other Applications) – Global Forecast to 2019", published by MarketsandMarkets, defines and segments the cloud applications market into various segments. This report also provides an in-depth analysis and forecasting of global market size. The global cloud applications market is expected to grow from $30.43 billion in 2014 to $66.44 billion by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 16.9% from 2014 to 2019.

Browse 75 market data tables and 45 figures spread through 139 pages and in-depth TOC on "Cloud Applications Market – Global Forecast to 2019".

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This report identifies the key driving factors, restraints, challenges, and opportunities which are impacting this market and shaping the future roadmap. The report also focuses on key adoption trends, future opportunities, and business cases in this market. MarketsandMarkets expects that increased adoption of cloud based solutions across various industry verticals will drive this market towards high growth rate.

The cloud applications market is broadly segmented by types: Analytics, Customer Relationship Management (CRM), Finance and Accounting, Content management, Collaboration, ecommerce, Human capital management (HCM), Enterprise Resource Planning (ERP), Project and portfolio management (PPM), Procurement and distribution, Legal and risk management, Other industry specific application; By vertical: Banking, Financial Services, and Insurance (BFSI), education, retail, telecommunication & IT, healthcare & life sciences, government, discrete manufacturing, oil & gas, media & entertainment, and others; By regions: North America (NA), Asia-Pacific (APAC), Europe, Latin America (LA), Middle East and Africa (MEA).

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Various assumptions have been taken into consideration for market sizing and forecasting exercise of this market. Some of the key assumptions include political, economic, social, technological and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC regions.

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