Cloud-based Enterprise Market

• In September 2024, Oracle launched Fusion Cloud Sustainability, a new app for integrating data from Oracle Fusion Cloud ERP and SCM into Fusion Cloud EPM, which offers features like automated transaction records, emission factor mapping, and prebuilt dashboards

• In September 2024, Hewlett Packard Enterprise introduced HPE Private Cloud AI, allowing businesses to deploy AI applications, such as generative AI virtual assistants, in one click

The global cloud-based enterprise market has seen remarkable growth in recent years, driven by the increasing adoption of cloud computing solutions across various industries. One significant segment within this market is cloud-based enterprise software, which encompasses a wide range of applications designed to streamline business operations. This segment includes customer relationship management (CRM) software, enterprise resource planning (ERP) systems, human resource management (HRM) software, and more. Companies are increasingly turning to cloud-based enterprise software due to its scalability, flexibility, and cost-effectiveness compared to traditional on-premises solutions.

The global cloud-based enterprise market is cloud infrastructure services. These services provide businesses with computing resources such as virtual machines, storage, and networking infrastructure on a pay-as-you-go basis. Leading providers in this segment, such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP), offer a wide range of services to support businesses of all sizes and industries. Cloud infrastructure services are particularly attractive to organizations seeking to modernize their IT infrastructure, improve agility, and reduce capital expenditures.

The global cloud-based enterprise market is cloud-based collaboration tools. These tools enable employees to communicate, share documents, and collaborate on projects regardless of their location. With the rise of remote work and distributed teams, cloud-based collaboration tools have become essential for maintaining productivity and fostering teamwork. Popular examples of cloud-based collaboration tools include video conferencing platforms like Zoom and Microsoft Teams, project management software like Asana and Trello, and file sharing services like Dropbox and Google Drive. As businesses continue to prioritize flexibility and remote work capabilities, the demand for cloud-based collaboration tools is expected to remain strong.

Global Cloud-Based Enterprise Segment Analysis

In this report, the Global Cloud-Based Enterprise Market has been segmented by Solution, Service, Deployment Model and Geography.

Global Cloud-Based Enterprise Market, Segmentation by Solution

The Global Cloud-Based Enterprise Market has been segmented by Solution into Document Management, Content Management, Case Management, Workflow Management, Record Management, Digital Asset Management, Ediscovery and Others.

The global cloud-based enterprise market is segmented by solution into several key categories, each playing a pivotal role in shaping the landscape of modern business operations. One of the primary segments within this market is cloud storage solutions. As data continues to burgeon across industries, enterprises seek scalable and secure storage options. Cloud storage solutions offer flexibility, accessibility, and reliability, enabling businesses to store and manage vast volumes of data efficiently. With features such as automatic backups, data synchronization, and seamless integration with various applications, cloud storage solutions empower enterprises to streamline their data management processes while ensuring data security and compliance.

The cloud-based enterprise market is cloud-based communication and collaboration solutions. In today's interconnected business environment, effective communication and collaboration are indispensable for driving productivity and fostering innovation. Cloud-based communication tools, such as email, instant messaging, video conferencing, and collaborative document editing platforms, facilitate real-time interaction and collaboration among team members, irrespective of their geographical locations. By leveraging these solutions, enterprises can break down communication barriers, enhance teamwork, and accelerate decision-making processes, thereby gaining a competitive edge in the dynamic marketplace.

Cloud-based enterprise resource planning (ERP) solutions represent a key segment within the market, revolutionizing how businesses manage their core operations and resources. ERP systems integrate various functions, including finance, human resources, supply chain management, and customer relationship management, into a unified platform, thereby enabling seamless information flow and process automation across the organization. By migrating their ERP systems to the cloud, enterprises can enjoy benefits such as reduced upfront costs, scalability, accessibility, and enhanced agility. Cloud-based ERP solutions empower businesses to streamline their operations, optimize resource utilization, and adapt quickly to evolving market dynamics, driving efficiency and growth in the digital era.

Global Cloud-Based Enterprise Market, Segmentation by Service

The Global Cloud-Based Enterprise Market has been segmented by Service into Professional Services and Managed Services.

The global cloud-based enterprise market exhibits a diverse landscape of services catering to varied organizational needs. Among these, Software as a Service (SaaS) emerges as a prominent segment, offering businesses access to software applications hosted on the cloud, thereby eliminating the need for on-premises infrastructure and reducing maintenance costs. SaaS solutions encompass a wide array of applications, including customer relationship management (CRM), enterprise resource planning (ERP), and collaboration tools, enabling enterprises to streamline operations and enhance productivity while enjoying the scalability and flexibility of cloud-based delivery models.

Infrastructure as a Service (IaaS) stands as another pivotal segment within the cloud-based enterprise market, providing virtualized computing resources over the internet. With IaaS, organizations can leverage scalable and on-demand infrastructure, including virtual machines, storage, and networking components, to build and deploy their applications without the burden of managing physical hardware. This model empowers enterprises to swiftly adapt to changing demands, optimize resource utilization, and reduce capital expenditures, thereby fostering innovation and agility across diverse industry verticals.

Platform as a Service (PaaS) emerges as a key enabler of application development and deployment in the cloud-based enterprise ecosystem. PaaS offerings furnish developers with a comprehensive set of tools, frameworks, and middleware services for building, testing, and deploying applications swiftly and efficiently. By abstracting underlying infrastructure complexities, PaaS accelerates time-to-market, fosters collaboration, and promotes iterative development practices, empowering enterprises to innovate rapidly and stay ahead in today's dynamic business landscape. As organizations increasingly prioritize digital transformation initiatives, PaaS emerges as a strategic choice for driving innovation, enhancing competitiveness, and fueling business growth in the cloud era.

Global Cloud-Based Enterprise Market, Segmentation by Deployment Model

The Global Cloud-Based Enterprise Market has been segmented by Deployment Model into Public Cloud, Private Cloud and Hybrid Cloud.

The global cloud-based enterprise market segmentation by deployment model is a crucial aspect defining how organizations access and utilize cloud services. One prevalent deployment model is the public cloud, which offers services over the internet to multiple users. In this model, resources are dynamically provisioned based on demand, providing scalability and cost-effectiveness. Public cloud deployment is particularly attractive for businesses seeking to offload infrastructure management and reduce capital expenses.

Another deployment model is the private cloud, which offers dedicated infrastructure for a single organization. Private clouds can be hosted on-premises or by a third-party provider. This model provides greater control, security, and customization compared to public clouds, making it suitable for industries with stringent compliance requirements or sensitive data.

Hybrid cloud deployment combines elements of both public and private clouds, allowing organizations to leverage the benefits of each. It offers flexibility to move workloads between environments based on factors like cost, performance, and security. Hybrid clouds enable seamless integration between on-premises infrastructure and public cloud services, providing a scalable and agile IT environment.

The choice of deployment model depends on factors such as organizational priorities, regulatory considerations, data sensitivity, and budget constraints. As cloud adoption continues to accelerate, understanding the nuances of each deployment model is essential for businesses to optimize their IT infrastructure and drive innovation.

Global Cloud-Based Enterprise Market, Segmentation by Geography

In this report, the Global Cloud-Based Enterprise Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Cloud-Based Enterprise Market Share (%), by Geographical Region, 2024

The global cloud-based enterprise market is witnessing significant growth across various geographical regions. In North America, the adoption of cloud-based enterprise solutions is propelled by the presence of several key market players and the rapid digital transformation across industries. Businesses in this region are increasingly leveraging cloud-based platforms to enhance scalability, flexibility, and cost-effectiveness in their operations. Moreover, stringent data privacy regulations are driving organizations to migrate their on-premises systems to secure and compliant cloud environments.

In Europe, the cloud-based enterprise market is experiencing robust growth due to the increasing demand for advanced digital solutions and services. Countries like the United Kingdom, Germany, and France are leading the adoption of cloud technologies across various sectors, including BFSI, healthcare, and manufacturing. The proliferation of mobile devices, coupled with the rising trend of remote work, is further fueling the adoption of cloud-based collaboration tools and productivity suites in the region.

Asia Pacific emerges as a promising market for cloud-based enterprise solutions, driven by rapid urbanization, digitalization initiatives, and the growing adoption of emerging technologies. Countries such as China, India, and Japan are witnessing substantial investments in cloud infrastructure and services, supported by government initiatives to promote digital innovation and entrepreneurship. Small and medium-sized enterprises (SMEs) in the region are particularly embracing cloud-based solutions to streamline their operations, improve agility, and gain a competitive edge in the market.

This report provides an in depth analysis of various factors that impact the dynamics of Global Cloud-Based Enterprise Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Key players in Global Cloud-Based Enterprise Market include:

• Opentext
• Newgen Software
• Xerox
• Hyland

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis