Insights on the Cloud Enterprise Application Software Global Market to 2027 - Increasing Demand for Cloud-Based Computing and Shifting User Inclination Toward a Customer-Centric Approach Drives Growth

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Jan 12, 2023, 13:30 ET

DUBLIN, Jan. 12, 2023 /PRNewswire/ -- The "Cloud Enterprise Application Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global cloud enterprise application software market size reached US$ 116.84 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 274.51 Billion by 2027, exhibiting a CAGR of 15.3% during 2021-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Cloud enterprise application software (EAS) refers to advanced business solutions that organizations integrate to perform various operations with enhanced productivity and efficiency. It involves enterprise resource planning (ERP), supply chain management (SCP), sales force automation (SFA), customer relationship management (CRM), business intelligence (BI), and web conferencing solutions.

These applications manage enterprise assets, help with contact center operations management (CCOM), enhance customer relations, track inventory, and predict future product demand. Apart from this, cloud EAS aids in automating business procedures and interpreting reported data and visuals. Consequently, the solution is used by various end-users to mitigate business inconsistencies, communicate, manage content, and optimize the overall workflow.

Cloud Enterprise Application Software Market Trends:

Increasing demand for cloud-based computing and the shifting user inclination toward a customer-centric approach have facilitated the widespread adoption of cloud EAS across small and medium-sized enterprises (SMEs).

This can be further attributed to rapid industrialization, escalating internet penetration, and the growing organizational need for enhanced business management solutions. In line with this, the extensive adoption of software as a service (SaaS) cloud computing service model that helps reduce information technology (IT) infrastructural costs and synchronizes, updates, and stores documents, is acting as another growth-inducing factor.

Additionally, the large-scale integration of big data analytics, security interface, social media applications, and mobile app development platforms to perform complex cloud-based applications and optimize existing security compliances are impelling the market growth.

Moreover, the implementation of bring-your-own-device (BYOD) and work-from-home (WFH) models, especially during the COVID-19 pandemic, has further supplemented the need for hybrid cloud computing enterprise applications for asset management. Apart from this, strategic collaborations amongst key players to launch product variants with additional features are creating a positive outlook for the market.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Accruent LLC (Fortive Corporation), Epicor Software Corporation, Hewlett Packard Enterprise Development LP, IFS AB, Infor Inc. (Koch Industries Inc.), International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, QAC Inc., Salesforce Inc. and SAP SE.

Key Questions Answered in This Report:

How has the global cloud enterprise application software market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global cloud enterprise application software market?
What are the key regional markets?
What is the breakup of the market based on the solution?
What is the breakup of the market based on the industry vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global cloud enterprise application software market and who are the key players?
What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Cloud Enterprise Application Software Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Solution
6.1 Customer Relationship Management (CRM)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Enterprise Resource Planning (ERP)
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Supply Chain Management (SCM)
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Web Conferencing
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Business Intelligence (BI)
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Business Process Management (BPM)
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Content Management System (CMS)
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Enterprise Asset Management (EAM)
6.8.1 Market Trends
6.8.2 Market Forecast
6.9 Others
6.9.1 Market Trends
6.9.2 Market Forecast

7 Market Breakup by Industry Vertical
7.1 Manufacturing and Services
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Banking, Financial Services and Insurance (BFSI)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Healthcare
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Retail
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Government
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Oil and Gas
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Telecom
7.7.1 Market Trends
7.7.2 Market Forecast
7.8 Others
7.8.1 Market Trends
7.8.2 Market Forecast

8 Market Breakup by Region

9 SWOT Analysis

10 Value Chain Analysis

11 Porters Five Forces Analysis

12 Price Analysis

13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Accruent LLC (Fortive Corporation)
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Epicor Software Corporation
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 SWOT Analysis
13.3.3 Hewlett Packard Enterprise Development LP
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 IFS AB
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Infor Inc. (Koch Industries Inc.)
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 International Business Machines Corporation
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 Microsoft Corporation
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Oracle Corporation
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 QAC Inc.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Salesforce Inc.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
13.3.11 SAP SE
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis