Cloud Based Apps Market Size, Industry Trends Report | 2031

Segments - Cloud-based Apps Market by Verticals (Media & Entertainment, Healthcare & Life Sciences, Education, BFSI, Telecommunication & IT, Retail, Government, Oil & Gas, Discrete Manufacturing, and Others), Types (Project & Portfolio Management, Human Capital Management, Customer Relationship Management, Analytics, Content Management, Finance & Accounting, E-commerce, Collaboration, Enterprise Resource Planning, Supply Chain Management, Procurement & Distribution, Content Management System, Legal & Risk Management, and Others), End-users (Large Enterprise and Small & Medium Enterprise), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global cloud-based apps market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the cost saving in IT infrastructure for enterprises, increasing demand for mobility in data usage, and multiple devices access from anywhere.

Global Cloud Based Apps Market Key Takeaways

Cloud-based apps is an integrated solution that manages public, private, and hybrid cloud environments, with the goal of offering agility and cost savings. The platform promotes access to web-based hardware and software resources as well as third-party resources. This is especially the case now that cloud-based programs are increasingly becoming a critical component of any business IT environment, with the ability to manage and execute apps via a SaaS model, or to build up and manage your cloud engineering via an IaaS or PaaS stage. Small and large businesses can benefit from cloud computing services. The platform enables access to large amounts of memory, processing power, and storage for all computational needs.

The impact of COVID-19 pandemic has been positive on the engineering software market. During the pandemic, lockdown imposed by governments across the globe escalated the demand for cloud-based apps and is expected to remain the same during the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

Growing use of cloud-based services, which enables access to the applications is expected to boost the market growth in the coming years.
Increasing adoption of the application in big data management and small & medium enterprises is one of the key factors driving the market growth.
Complexities in integrating application is projected to hinder the market expansion during the forecast period.
Issues related to data theft and security presents a major challenge. This is anticipated to hamper the market growth in the projected period.
Advancement in app technology is projected to create significant growth opportunities for the market in the near future.

Scope of the Report

The report on the global cloud-based apps market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Cloud-based Apps Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Verticals (Media & Entertainment, Healthcare & Life Sciences, Education, BFSI, Telecommunication & IT, Retail, Government, Oil & Gas, Discrete Manufacturing, and Others), Types (Project & Portfolio Management, Human Capital Management, Customer Relationship Management, Analytics, Content Management, Finance & Accounting, E-commerce, Collaboration, Enterprise Resource Planning, Supply Chain Management, Procurement & Distribution, Content Management System, Legal & Risk Management, and Others), and End-users (Large Enterprise and Small & Medium Enterprise)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Microsoft Corp.; Salesforce; SAP SE; Workday, Inc.; Cisco Systems, Inc.; NetSuite Inc.; Ultimate Software Group, Inc.; Adobe Inc.; and IBM Corp.

Market Segment Insights

Healthcare & life sciences segment to grow at a rapid pace

Based on verticals, the global cloud-based apps market is segmented into media & entertainment, healthcare & life sciences, education, BFSI, telecommunication & IT, retail, government, oil & gas, discrete manufacturing, and others. The healthcare & life sciences segment is expected to grow at a rapid pace during the forecast period owing to the requirement for data transparency in the sector. However, the telecommunication & IT segment is anticipated to hold a key share of the market in the coming years due to sharing of data is more with customers, which is relatively easy due to cloud-based apps.

Global Cloud Based Apps Market Verticals

Increasing demand to drive customer relationship management segment

In terms of types, the market is segregated into project & portfolio management, human capital management, customer relationship management, analytics, content management, finance & accounting, e-commerce, collaboration, enterprise resource planning, supply chain management, procurement & distribution, content management system, legal & risk management, and others. The customer relationship management segment is projected to expand at a considerable CAGR during the forecast period attributed to the increase demand in life sciences and hospitality sector across the region. On the other hand, the supply chain management segment is anticipated to account for a major market share during the forecast period due to the benefits, such as inventory management, real time flow of data, and increasing speed of transaction.

Small & medium enterprise segment to hold significant market share

On the basis of end-users, the global cloud-based apps market is bifurcated into large enterprise and small & medium enterprise. The small & medium enterprise segment is anticipated to hold significant market share in the coming years owing to wide adoption of the technology in the segment. However, the large enterprise segment is anticipated to hold a key share of the market in the coming years due to the need for management for flow of data.

Global Cloud Based Apps Market End Users

North America to constitute a key market share

In terms of regions, the global cloud-based apps market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period attributed to increasing enterprise IT budget across the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the presence of fast developing economies and rising demand for cloud technology in the region.

Segments

The global cloud-based apps market has been segmented on the basis of

Verticals

Media & Entertainment
Healthcare & Life Sciences
Education
BFSI
Telecommunication & IT
Retail
Government
Oil & Gas
Discrete Manufacturing
Others

Types

Project & Portfolio Management
Human Capital Management
Customer Relationship Management
Analytics
Content Management
Finance & Accounting
E-commerce
Collaboration
Enterprise Resource Planning
Supply Chain Management
Procurement & Distribution
Content Management System
Legal & Risk Management
Others

End-users

Large Enterprise
Small & Medium Enterprise

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Microsoft Corp.
Salesforce
SAP SE
Workday, Inc.
Cisco Systems, Inc.
NetSuite Inc.
Ultimate Software Group, Inc.
Adobe Inc.
IBM Corp.

Competitive Landscape

Key players competing in the global cloud-based apps market are Microsoft Corp.; Salesforce; SAP SE; Workday, Inc.; Cisco Systems, Inc.; NetSuite Inc.; Ultimate Software Group, Inc.; Adobe Inc.; and IBM Corp. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.

Global Cloud Based Apps Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cloud-based Apps Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Cloud-based Apps Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Cloud-based Apps Market - Supply Chain
  4.5. Global Cloud-based Apps Market Forecast
     4.5.1. Cloud-based Apps Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Cloud-based Apps Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Cloud-based Apps Market Absolute $ Opportunity
5. Global Cloud-based Apps Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Cloud-based Apps Market Size and Volume Forecast by Types
     5.3.1. Project & Portfolio Management Human Capital Management Customer Relationship Management Analytics Content Management Finance & Accounting
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Cloud-based Apps Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Cloud-based Apps Market Size and Volume Forecast by End Users
     6.3.1. Large Enterprise Small & Medium Enterprise
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Cloud-based Apps Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Cloud-based Apps Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Cloud-based Apps Demand Share Forecast, 2019-2026
8. North America Cloud-based Apps Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Cloud-based Apps Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Cloud-based Apps Market Size and Volume Forecast by Types
     8.4.1. Project & Portfolio Management Human Capital Management Customer Relationship Management Analytics Content Management Finance & Accounting
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Cloud-based Apps Market Size and Volume Forecast by End Users
     8.7.1. Large Enterprise Small & Medium Enterprise
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Cloud-based Apps Demand Share Forecast, 2019-2026
9. Latin America Cloud-based Apps Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Cloud-based Apps Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Cloud-based Apps Market Size and Volume Forecast by Types
     9.4.1. Project & Portfolio Management Human Capital Management Customer Relationship Management Analytics Content Management Finance & Accounting
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Cloud-based Apps Market Size and Volume Forecast by End Users
     9.7.1. Large Enterprise Small & Medium Enterprise
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Cloud-based Apps Demand Share Forecast, 2019-2026
10. Europe Cloud-based Apps Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Cloud-based Apps Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Cloud-based Apps Market Size and Volume Forecast by Types
     10.4.1. Project & Portfolio Management Human Capital Management Customer Relationship Management Analytics Content Management Finance & Accounting
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Cloud-based Apps Market Size and Volume Forecast by End Users
     10.7.1. Large Enterprise Small & Medium Enterprise
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Cloud-based Apps Demand Share Forecast, 2019-2026
11. Asia Pacific Cloud-based Apps Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Cloud-based Apps Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Cloud-based Apps Market Size and Volume Forecast by Types
     11.4.1. Project & Portfolio Management Human Capital Management Customer Relationship Management Analytics Content Management Finance & Accounting
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Cloud-based Apps Market Size and Volume Forecast by End Users
     11.7.1. Large Enterprise Small & Medium Enterprise
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Cloud-based Apps Demand Share Forecast, 2019-2026
12. Middle East & Africa Cloud-based Apps Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Cloud-based Apps Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Cloud-based Apps Market Size and Volume Forecast by Types
     12.4.1. Project & Portfolio Management Human Capital Management Customer Relationship Management Analytics Content Management Finance & Accounting
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Cloud-based Apps Market Size and Volume Forecast by End Users
     12.7.1. Large Enterprise Small & Medium Enterprise
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Cloud-based Apps Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Cloud-based Apps Market: Market Share Analysis
  13.2. Cloud-based Apps Distributors and Customers
  13.3. Cloud-based Apps Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Microsoft Corp. Salesforce SAP SE Workday, Inc. Cisco Systems, Inc. NetSuite Inc.