Function as a Service Global Market Report 2023 – By Service (Tablets, Smartphones, Gaming Consoles, Laptops PCs), By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), By Enterprise (Small And Medium Enterprises, Large Enterprises), By End User (Banking, Financial Services, And Insurance, Information Technology And Telecommunication, Retail, Healthcare And Life Sciences, Other End Users (Media And Entertainment, Government, Educational Institutions)) – Market Size, Trends, And Global Forecast 2023-2032

Cloud Service refers to a wide range of on-demand services offered to businesses and customers over the internet. These services are designed to provide easy and affordable access to applications and resources without needing internal infrastructure or hardware. It refers to the servers accessed over the internet and the software and databases on those servers. The main types of cloud services are software as a service (SaaS), platform as a service (PaaS), infrastructure as a service (IaaS) and business process as a service (BPaaS). Software as a service (SaaS) refers to providing complete applications over the Internet. It is also called web-based software, on-demand software, or hosted software. Establishments providing SaaS offer access to their software and hardware, managing access to the application, its security, availability, and performance. Users only need to think about the usage of the service provided and not about how the service is provided or maintained or how the underlying infrastructure is managed. The deployment method used include public cloud, private cloud, hybrid cloud and large enterprises, small and medium enterprises size organizations utilize them. The cloud services are mainly used for storage, backup, and disaster recovery, application development and testing, database management, business analytics, integration and orchestration, customer relationship management and others and used in industries including BFSI, media and entertainment, IT and telecommunications, energy and utilities, government and public sector, retail and consumer goods, manufacturing and others. The global cloud services market is segmented - 1) By Type: Software as a service (SaaS), Platform as a service (PaaS), Infrastructure as a service (IaaS), Business Process as a service (BPaaS) 2) By End-User Industry: BFSI, Media And Entertainment, IT and Telecommunications, Energy And Utilities, Government And Public Sector, Retail And Consumer Goods, Manufacturing, Other End User Industries 3) By Application: Storage, Backup, and Disaster Recovery, Application Development and Testing, Database Management, Business Analytics, Integration and Orchestration, Customer Relationship Management, Other Applications 4) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud 5) By Organisation Size: Large Enterprises, Small And Medium Enterprises The global cloud services market size grew from $446.1 billion in 2022 to $489.77 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cloud services market is expected to grow to $698.01 billion in 2027 at a CAGR of 9.3%. The impact of COVID-19 (COVID-19) is expected to drive the cloud services market in the forecast period as the increasing number of people are working from home due to lockdowns imposed by governments globally that restrict the gathering of people in public places. Steps by national governments to contain the transmission have resulted in people working from home by accessing work-related systems and applications through the cloud. For instance, cloud spending rose 37% to $29 billion during the first quarter of 2020. This trend is likely to persist, as the exodus to virtual work underscores the urgency for scalable, secure, reliable, cost-effective off-premises technology services. In fact, despite the inevitable economic downturn in the wake of the pandemic, cloud spending is estimated to rise 19% for the full year, even as IT spending as a whole is forecasted to fall 8%. Thus, uncertainty surrounding the duration of the spread of COVID-19 is expected to lead to more companies adopting cloud technology to support their employees working from home, thereby driving the market growth. Major companies in the cloud services market include Microsoft, Amazon.com Inc., SAP SE, International Business, Machines Corporation, Nippon Telegraph And Telephone Corp, Intel Corporation, Dell Technologies Inc., Apple, Tencent Holdings Co Ltd and Orange SA. Security, password protection, and corporate and financial information protection were key issues for the cloud services industry. Similarly, in March 2020 it was reported that the real names, site usernames, gender, location, and phone numbers for 172 million users had been posted for sale on dark web markets. Due to security breaches, the need for firewall protection and network separation to ensure privacy was another major need across all industries. Routine security assessments undertaken with the help of security researchers were needed to analyze programming vulnerabilities, adding to the cloud services industry costs restraining the overall attractiveness of the market. Cloud service providers are increasingly using artificial intelligence to increase the efficiency and speed of cloud computing services. Artificial intelligence leverages computers and machines to mimic the problem-solving and decision-making capabilities of the human mind. Using AI in cloud services can increase productivity and efficiency while automating repetitive tasks and supporting human capabilities. The advantages of using AI for cloud-based services include lowering adoption costs, facilitates co-creation, innovation, and driving AI-powered transformation for enterprises. Cloud service providers can use AI-powered network security tools to track and evaluate network traffic. For example, the IBM cloud park for automation and Amazon GuardDut are some of the AI based cloud services that are used for providing prebuilt workflows for AI-powered automation and for threat detecting. In addition, in 2020, Salesforce, the leading customer relationship management platform introduced a tool named Einstein, which offers the ability to capture customer data, making it easier to track and personalize customer relationships. North America was the largest region in the cloud services market in 2022. Western Europe was the second largest region cloud services market. The regions covered in the hardware support services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cloud services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The cloud services market includes revenues earned by entities by providing cloud services that can be used for the delivery of information technology resources and applications on-demand through an internet platform. Companies in the cloud services market provide access to servers, storage, databases and a broad set of application services managed by a hardware networking. This market includes sales of storage servers which are used to store, access, secure and manage digital data, files and services. It also includes sales of public cloud services, private cloud services, hybrid cloud services and multi-cloud services offered by providers are included. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cloud services market research report is one of a series of new reports from The Business Research Company that provides cloud services market statistics, including cloud services market size, regional shares, competitors with a cloud services market share, detailed cloud services market segments, market cloud services market trends and opportunities, and any further data you may need to thrive in the cloud services industry. This cloud services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Cloud billing refers to a combination of cloud computing and electronic billing. Many firms are broadening their horizons by implementing an on-premises billing infrastructure. Cloud billing is transforming the computer system, allowing for greater billing flexibility and easier data access. The main types of cloud billing are subscription billing, metered billing, cloud service billing, provisioning, and others. Subscription billing is a billing strategy that allows businesses to bill customers for a certain service or product on a set schedule. The different deployment types include private cloud, public cloud and are employed in large enterprises and SMEs. It is used in account management, revenue management, customer management, and others and is implemented in various verticals such as BFSI, telecommunications and ITES, consumer goods and retail, healthcare and life sciences, and others. The global cloud billing market is segmented - 1) By Type: Subscription Billing, Metered Billing, Cloud Service Billing, Provisioning, Other Types 2) By Deployment Type: Private Cloud, Public Cloud 3) By Organization Size: Large Enterprises, SMEs 4) By Application: Account Management, Revenue Management, Customer Management, Other Applications 5) By Vertical: BFSI, Telecommunications And ITES, Consumer Goods And Retail, Healthcare and life sciences, Other Verticals The global cloud billing market size will grow from $7.01 billion in 2022 to $8.24 billion in 2023 at a compound annual growth rate (CAGR) of 17.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global cloud billing industry is expected to grow to $15.85 billion in 2027 at a CAGR of 17.8%. The rising need for lower capital and operating expenditure is expected to drive the growth of the cloud billing market in the coming years. With the advent of the cloud, billing transitioned from a separate back-office product to an essential component of the entire quote-to-cash procedure. Cloud billing allows businesses to save costs while also allowing them to give excellent customer service. For instance, according to a Flexera report published in 2021, 93% of companies are using some type of cloud-based system, and 73% preparing to optimize existing cloud usage for cost savings. Therefore, the rising need for lower capital and operating expenditure fuels the growth of the cloud billing market. Major players in the cloud billing market report are Aria System Inc., Amdocs Inc., Oracle Corporation, NEC Corporation, Jamcracker, IBM Corporation, CGI Group Inc., SAP SE, Zuora Inc., BillingPlatform Corp., Recurly, Cerillion, ConnectWise, AppDirect, Chargebee, RecVue, Chargify, Salesforce, Orbitera Inc., and Amazon Web Service Inc., Advancements in technology are shaping the cloud billing market. Major companies operating in the cloud billing sector are focused on developing technological solutions for cloud billing to accelerate business growth. For instance, in November 2020, Salesforce, an American cloud-based software company launched Revenue Cloud, based on multi-cloud billing technology to help companies to track revenue lifecycle. Revenue Cloud, which is part of Salesforce's Customer 360 platform, combines the firm's existing partner relationship management (PRM), CPQ and Billing, and B2B commerce solutions into a single solution. In February 2020, Salesforce, an American cloud-based software company that provides customer relationship management services acquired Vlocity Inc., for $1.3 billion. With its acquisition of Vlocity Inc., Salesforce is taking ownership of the industry cloud. Vlocity Inc., is a US-based software company that offers cloud billing solutions. North America was the largest region in the cloud billing market in 2022. Asia-Pacific is expected to be the fastest region in the forecast period. The regions covered in the cloud billing market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the cloud billing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The cloud billing market includes revenues earned by entities by providing services such as On-Premise infrastructure, public cloud, virtual private cloud (VPC), hybrid cloud, multi-cloud. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cloud billing market research report is one of a series of new reports from The Business Research Company that provides cloud billing market statistics, including cloud billing industry global market size, regional shares, competitors with a cloud billing market share, detailed cloud billing market segments, market trends and opportunities, and any further data you may need to thrive in the cloud billing industry. This cloud billing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The cloud orchestration refer to the process of automating the tasks required to manage workload operations and connections on private and public clouds. Automated tasks and processes are put into a workflow by cloud orchestration technologies to perform specific business functions. Policy enforcement is a feature of cloud orchestration tools that ensures that processes have the necessary permissions to execute or connect to a workload. The main types of services in cloud orchestration are cloud service automation, training, consulting, integration, support, and maintenance. Cloud service automation refers to processes and tools that help provision and manage cloud computing workloads and services by reducing or eliminating the need for manual labor. The services are deployed through private, public, and hybrid modes by small and medium-sized enterprises and large enterprises. The various end-users include healthcare and life sciences, transportation and logistics, government and defense, IT and telecom, retail, and manufacturing. The global cloud orchestration market is segmented - 1) By Service Type: Cloud Service Automation, Training, Consulting, And Integration, Support And Maintenance 2) By Deployment Mode: Private, Public, Hybrid 3) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises 4) By End-User: Healthcare And Life Sciences, Transportation And Logistics, Government And Defense, IT And Telecom, Retail, Manufacturing, Other End Users The global cloud orchestration market size will grow from $14.87 billion in 2022 to $17.29 billion in 2023 at a compound annual growth rate (CAGR) of 16.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the cloud orchestration is expected to grow to $32.1 billion in 2027 at a CAGR of 16.7%. The increase in dominance of cloud-based applications is expected to propel the growth of the cloud orchestration market over the coming years. Cloud-based applications offer major benefits to the customer, such as cost-effectiveness, easy integration, implementation, and lower cost of purchase. Cloud applications also help enterprises standardise system configurations and automate IT support processes. Cloud orchestration is used to provision, deploy, or start servers; acquire and assign storage space; manage networking; construct virtual machines; and gain access to certain applications on cloud services. For instance, according to InfoWorld, a US-based IT media business, global spending on public cloud services and infrastructure will reach around $500 billion by 2023. Thus, the increasing adoption of cloud-based applications is contributing to the cloud orchestration market growth. Major players in the cloud orchestration market are Geminare Incorporated, Infrascale Inc., RackWare, Unitrends Inc., CloudVelox, Zerto Ltd., IBM Corporation, Hewlett Packard Enterprise Company, VMware Inc., Apptio Inc., Microsoft, Flexera, Scalr, Actifio, Veritas, CloudEndure, Oracle Corporation, Cisco Systems Inc., and Amazon Web Services. Automated cloud orchestration and optimization is a key trend gaining popularity in the cloud orchestration market. Cloud automation is the process of using automated tools and processes to execute workflows in a cloud environment. It helps enterprises reduce the amount of manual work required by IT teams by automating cloud-related tasks, such as application deployment. Cloud orchestration and optimization enable enterprises to effectively manage the complications attached to interconnected services across different applications. For instance, in November 2021, Ericsson, a US-based information and communication technology company, launch an intelligent automation platform for smarter networks. An intelligent automation platform is an open service management and orchestration product that offers network optimization which enhances the customer experience. Ericsson Intelligent Automation Platform provides Open RAN-compliant service management and orchestration capabilities, advancing automation with support for a variety of vendors and numerous radio access network technologies and also provides an open software development framework that enables CSPs and other parties to create apps (rApps) with new services, enabling ecosystem innovation. In January 2022, Google LLC, a US-based technology company, acquired Siemplify for an undisclosed amount. Through this acquisition, Google aimed to integrate security orchestration, automation, and response (SOAR) capabilities into its own Google Chronicle security solution. Siemplify is a US-based security orchestration, automation, and response (SOAR) provider. North America was the largest region in the cloud orchestration market in 2022. The regions covered in the cloud orchestration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cloud orchestration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The cloud orchestration market includes revenues earned by entities by providing various cloud orchestration services such as deploying servers, acquiring & assign storage capacity, managing networking, and creating VMs to manage the interconnections and interactions among workloads on public and private cloud infrastructure. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cloud orchestration market research report is one of a series of new reports from The Business Research Company that provides cloud orchestration market statistics, including cloud orchestration industry global market size, regional shares, competitors with a cloud orchestration market share, detailed cloud orchestration market segments, market trends and opportunities, and any further data you may need to thrive in the cloud orchestration industry. This cloud orchestration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Cloud advertising is a type of digital marketing using cloud platforms to reach consumers for better and more effective advertisements of brands and services. The main types of cloud advertising include public cloud, private cloud, and hybrid cloud. A public cloud advertising platform offers services in which multiple organisations share cloud advertising services where each organization’s data and applications are inaccessible to others over the internet. Public cloud advertising services are owned by third-party service providers. The different cloud advertising services include business process as a service (BPaaS), platform as a service (PaaS), infrastructure as a service (IaaS), and software as a service (SaaS). The different cloud advertising user groups include small and mid-size enterprises (SMEs) and large enterprises. The end-users of cloud advertising include retail, media and entertainment, IT and telecom, BFSI, government and other end-users. The global cloud advertising market is segmented - 1) By Type: Public Cloud, Private Cloud, Hybrid Cloud 2) By Service: Business Process as a Service (BPaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Software as a Service (SaaS) 3) By User Group: Small And Mid-Size Enterprises (SMEs), Large Enterprises 4) By End-Users: Retail, Media and Entertainment, IT and Telecom, BFSI, Government, Other End-users The global cloud advertising market size will grow from $75.92 billion in 2022 to $85.64 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the cloud advertising is expected to grow to $138.36 billion in 2027 at a CAGR of 12.7%. Rapid growth in the number of internet users is significantly driving the growth of the cloud advertising market. The internet is a global network system of connected computers for sharing information, communication, and accessing data resources using an internet connection. Cloud advertising offers a cloud-based online display of advertising campaigns using the internet and social media platforms. So, the increase in the number of internet users is creating more customer engagement in cloud advertising platforms. For instance, according to the Telecom Regulatory Authority of India, the number of Internet users increased from 776.45 million in September 2020 to 825.30 million in March 2021. Therefore, rapid growth in the number of internet users is contributing to the cloud advertising market growth. Major players in the cloud advertising market are Amazon Web Services, Adobe Systems Incorporated, Salesforce, SAP, IBM Corporation, Oracle, Google, Imagine Communications, Marin Software, Rackspace Technology, Microsoft Corporation, Viant Technology, Hewlett-Packard Enterprise Development LP, Sprinklr, InMobi, and Acquia Inc. Technological advancements are the key trends significantly shaping the cloud advertising market. As there is a growing demand for cloud advertising, the key players operating in the cloud advertising market are focusing on developing advanced technological solutions to lead the market. Cloud advertising with advanced technologies such as data science, AI, and machine learning will improve customer advertisement experience and engagement. For instance, in September 2021, Salesforce, a US-based cloud software company, introduced AI-powered features to the Marketing Cloud as a real-time engagement tool to improve personalised messaging and optimise marketing impacts and customer engagement in real-time. In May 2021, Vungle Web Design, a US-based mobile advertising and app monetization company, acquired TreSensa Technologies. This acquisition will help Vungle accelerate its vision of being the only mobile marketing platform that provides a complete app growth cycle and provides the exposure of expertise through platform-based creative technology. TreSensa Technologies is a US-based company that helps to design playable interactive ads and fully customizable game-play ads through a cloud-based Mobile Ad Suite technology platform. North America was the largest region in the cloud advertising market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the cloud advertising market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cloud advertising market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The cloud advertising market includes revenues earned by entities by providing services and solutions such as data capturing, document management, document processing, data securtity solutions, and infrastructure maintenance to manage workflow related to online advertising. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cloud advertising market research report is one of a series of new reports from The Business Research Company that provides cloud advertising market statistics, including cloud advertising industry global market size, regional shares, competitors with a cloud advertising market share, detailed cloud advertising market segments, market trends and opportunities, and any further data you may need to thrive in the cloud advertising industry. This cloud advertising market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The cloud-based ERP refer to an enterprise resource planning (ERP) system that runs on a cloud platform, allowing organizations to access it over the internet as opposed to an on-premises network. Integrates various departments in an organization and automates essential financial and operational business functions for the smooth flow of communication and information by providing a central database. The main components of cloud-based ERP are solutions and services. Cloud-based ERP solutions meet the requirements of clients while saving time and money. A cloud-based ERP solution, along with reduced cost, allows users across the globe to access business information by connecting to the internet. The different organisation sizes include small and medium-sized enterprises and large enterprises. Private cloud, public cloud, and hybrid clouds are the various cloud-based ERP development models used by various end-use industries such as automotive, aerospace, and defense, retail, banking and financial services, IT and telecommunication, education, government and public sectors, and other end-use industries. The global cloud based erp market is segmented - 1) By Component: Solution, Service 2) By Organization Size: Small And Medium-sized Enterprises, Large Enterprises 3) By Development Model: Private Cloud, Public Cloud, Hybrid Cloud 4) By End-Use Industry: Automotive, Aerospace And Defense, Retail, Banking And Financial Services, IT And Telecommunication, Education, Government And Public Sectors, Other End-Use Industries The global cloud-based ERP market size will grow from $40.49 billion in 2022 to $43.91 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the cloud-based ERP is expected to grow to $65.89 billion in 2027 at a CAGR of 10.7%. The growing digitization, IoT adoption, and cloud computing environment all contributed to the expansion of the cloud-based ERP market share. Cloud ERP provides real-time information, helps to gain vital business insights instantly, can improve decision-making in a business and enables better interaction between devices. Also, cloud-based ERP is an affordable option that enables employees to access the system from any device in small to mid-sized businesses. For instance, In January 2021, in a global survey, Software AG, an enterprise software company, announced that results of their global survey stated that 97% of global IT directors reported that their companies went through digital transformation in 2020 and also listed the areas of focus such as Cloud computing (67%), 5G (51%), AI (43%), and Integration (43%) that are of interest in 2021. Major players in the cloud-based ERP market are SAP SE, Microsoft Corporation, Oracle Corporation, IBM Corporation, Infor Inc., Sage Group plc, Aptean, Epicor Software Corporation, Acumatica, Inc., Ramco Systems Limited, Deltek, Plex Systems, Syspro, Unit4, QAD Inc., Workday, Inc., Netsuite Inc., Daffodil Software Ltd., FinancialForce, IQMS (Dassault Systemes), Rootstock Software, IFS AB, Genius Solutions, Inc., OpenPro, Inc., and Koch Industries, Inc. Advancements in technology are significantly shaping the cloud-based ERP market. Advancements in technology are strengthening the growth of cloud-based ERP solutions and services. These cloud-based ERP system technologies will aid in optimizing workflow, improving decision-making and communication, enabling better device interaction, monitoring employee performance, being easily accessible to users, and providing digital assistance to an organization. For instance, in September 2021, Yonyou, a China-based cloud service, and enterprise resource planning (ERP) solutions provider launched the next-generation cloud ERP to enhance the business innovation platform. The newly launched Yonyou BIP is the upgraded architecture ‘1+3+X’, shifting from ‘All-in-One Suite’ to ‘Integrated Service Cluster’ to enhance the ERP solutions in HR, Business and Finance, covering ten major line-of-businesses sales and marketing, and financial services. In April 2020, Koch Industries, Inc., a Kansas-based engineering firm, acquired Infor from Golden Gate Capital for an undisclosed amount. The acquisition brings capabilities to accelerate digital transformation for Koch and provides resources and industry knowledge to Infor to continue growing its expertise in mission-critical software for industries such as manufacturing, healthcare, retail and distribution, and others. Infor is a global leader in business cloud software that develops enterprise ERP software products for various industries. North America was the largest region in the cloud-based ERP market in 2022. The regions covered in the cloud-based ERP market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cloud-based ERP market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The cloud-based ERP market includes revenues earned by entities by providing software tools to an organization with access to their business-critical applications at any time from any location and provides analytical capabilities, customizable dashboards and reports, vendor-generated updates, and enterprise-level security. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cloud-based ERP market research report is one of a series of new reports from The Business Research Company that provides cloud-based ERP market statistics, including global cloud-based ERP industry size, regional shares, competitors with a cloud-based ERP market share, detailed cloud-based ERP market segments, market trends and opportunities, and any further data you may need to thrive in the cloud-based ERP industry. This cloud-based ERP market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Cloud security is a set of policies, procedures, and technologies that work together to protect cloud data. Cloud security protects against data breaching, loss of confidential data, and insecure application programming interfaces (API) and improves the security capabilities and risk assessment of the cloud providers. The main types of cloud security are application security, database security, endpoint security, network security, and web and email security. Application security has both hardware and software procedures to minimize data threats. The different service models include infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS) and are deployed through public, private, and hybrid. It is employed in several sectors such as BFSI, healthcare, IT, and telecom, among others. The global cloud security market is segmented - 1) By Security Type: Application Security, Database Security, Endpoint Security, Network Security, Web and Email Security 2) By Service Model: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS) 3) By Deployment: Public, Private, Hybrid 4) By End User: BFSI, Healthcare, IT and Telecom, Other End Users The global cloud security market size will grow from $13.36 billion in 2022 to $16.04 billion in 2023, at a compound annual growth rate (CAGR) of 20.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the cloud security is expected to grow to $32.74 billion in 2027 at a CAGR of 19.5%. The rising number of cyberattacks is expected to propel the growth of the cloud security market going forward. A cyberattack is a malicious and deliberate effort by an individual or organization to breach the data of another individual or business. Organizations use cyber security for minimizing cyber-attacks, as result, the rise in the number of attacks increases the demand for the cybersecurity market. For instance, according to the Indian Computer Emergency Response Team (CERT-In), an India-based government ministry, cyberattacks in India increased from 3.9 lakhs in 2019 to 11.5 lakhs in 2020. Therefore, the rising number of cyber-attacks drives the cloud security market growth. Major players in the cloud security market are Microsoft Corporation, Cisco Systems Inc., Trend Micro Inc., McAfee Corp., Qualys Inc., Amazon Web Services Inc., Broadcom Inc., Checkpoint Software Technologies Ltd., IBM Corporation, Foreseeti, Sophos, Forcepoint LLC, Palo Alto Networks Inc., Bitglass, Imperva, Intel Security, Proofpoint Inc., Zscaler Inc., FireEye Inc., CloudPassage, Fortinet Inc., Avanan, Illumio, vArmour, Aqua Security, Cloudflare, SiteLock, Tenable Inc., and Accenture. Technological Advancements have emerged as a key trend gaining popularity in the cloud security market. Many companies are launching new technological solutions in cloud security so as to meet customer demand. For instance, in July 2020, Fortinet Inc., a US-based cloud security company launched a cloud-to-cloud WAN solution for enhancing multi-cloud applications. The solution offers centralized management with end-to-end visibility in multiple cloud environments and reduces the complexity by saving time and resources and also providing API applications for security requirements. In December 2021, F5 Networks, a US-based cloud security company acquired Threat Stack for an amount of $68 million. With this acquisition, F5 networks intend to extend their portfolio in cloud security solutions and also strengthen their security capabilities. Threat Stack is a US-based cloud security management company. North America was the largest region in the cloud security market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the cloud security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cloud security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The cloud security market includes revenues earned by entities by providing cloud security services that automate the processes for protecting an organization’s cloud, avoiding unauthorized access, provides identity & access management, data loss prevention, web security, e-mail security, security assessments, intrusion management, encryption, disaster recovery, and network security.The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cloud security market research report is one of a series of new reports from The Business Research Company that provides cloud security market statistics, including cloud security industry global market size, regional shares, competitors with a cloud security market share, detailed cloud security market segments, market trends and opportunities, and any further data you may need to thrive in the cloud security industry. This cloud security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Cloud robotics refers to robotic solutions, which utilize technologies such as cloud computing, cloud storage, and other internet technologies. Cloud robotics provides vast amounts of data to robotic devices without having to incorporate it directly via on-board memory. The main types of cloud robotics include peer-based, proxy-based and clone based, and they are deployed over the private cloud, public cloud and hybrid cloud. The peer-based cloud robotics refers to robotics that runs on a computing unit in which the robot and each virtual machine are distributed in such a way that tasks can be divided into smaller modules for execution over a subset of the nodes in the computing. The end-user industries of cloud robotics include manufacturing, military & defense, retail & e-commerce, healthcare & life sciences, and other end-user industries. The global cloud robotics market is segmented - 1) By Implementation Type: Peer Based, Proxy Based, Clone Based 2) By Deployment Type: Private Cloud, Public cloud, Hybrid cloud 3) By End-User Industry: Manufacturing, Military and Defense, Retail and E-Commerce, Healthcare and Life Sciences, Other End-User Industries The global cloud robotics market size will grow from $7.33 billion in 2022 to $10.71 billion in 2023 at a compound annual growth rate (CAGR) of 46.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the cloud robotics is expected to grow to $26.47 billion in 2027 at a CAGR of 25.4%. During the forecasting period, the increase in the use of robots for industrial automation along with the rising demand for robotics-as-a-service (RaaS) will drive the cloud robotics market. The automotive industry is increasingly shifting towards a robot-as-a-service model due to the increasing labour costs, labour shortage, and reduction in the cost of robotic systems. For instance, according to the Association for Advancing Automation (A3) data, by 2025, utilization of cloud computing is expected to increase by 17% to 2018 levels, and Factories and industrial concerns in North America ordered a record 29,000 robots during the first nine months of 2021, a 37% increase from the previous year. Therefore, the increase in the use of robots for industrial automation along with the rising demand for robotics-as-a-service (RaaS) ultimately drives the cloud robotics market growth. Major players in the cloud robotics market are ABB Ltd., Microsoft Corporation, IBM Corporation, C2RO Cloud Robotics Inc., Amazon Robotics LLC, Hit Robot Group, Cloudminds Technology, Google, Rapyuta Robotics Co Ltd., Tend, V3 Smart Technologies Pte Ltd., Universal Robotics A/S, Intel Corporation, Omron Adept Technologies, Aethon, Fetch Robotics, and Telefonaktiebolaget LM Ericsson. Technological advancement is a key trend gaining popularity in the cloud robotics market. Key players operating in the cloud robotics market are focusing on developing robotics and automation more broadly to strengthen their position in the market. For instance, in November 2021, Amazon launched AWS IoT RoboRunner, a new robotics service-designed incubator program in collaboration with nonprofit MassRobotics to make it easier for enterprises to build and deploy apps that enable fleets of robots to work together and to tackle challenges in automation, robotics, and industrial internet of things (IoT) technologies. In August 2021, Zebra Technologies a U.S-based leading firm an innovator of the front line of business with solutions and partners acquired Fetch Robotics for an undisclosed amount. The acquisition forms to strengthen the businesses by building on the strength of their existing enterprise asset intelligence vision and growth in intelligent industrial automation by embracing new modes of empowering workflows. Fetch Robotics is a California-based provider of wide range of robots for automation in manufacturing and warehousing operations. North America was the largest region in the cloud robotics market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cloud robotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The cloud robotics market includes revenues earned by entities by providing services such as Simultaneous localization and mapping (SLAM), grasping, and navigation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cloud robotics market research report is one of a series of new reports from The Business Research Company that provides cloud robotics market statistics, including cloud robotics industry global market size, regional shares, competitors with a cloud robotics market share, detailed cloud robotics market segments, market trends and opportunities, and any further data you may need to thrive in the cloud robotics industry. This cloud robotics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Information technology (IT) is the use of computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. The main type of information technology (IT) are IT services, computer hardware, telecom, and software products. Computer hardware is the physical components that a computer system requires to function and encompasses everything within a PC or laptop. The services are used by large, small, and medium enterprises of financial services, retail and wholesale, manufacturing, healthcare and others. The global information technology (IT) market is segmented - 1) By Type: IT Services, Computer Hardware, Telecom, Software Products 2) By Organization Size: Large Enterprise, Small and Medium Enterprise 3) End User Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Other End User Industries Subsegments Covered: Hardware Support Services, Software And BPO Services, Cloud Services, Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers, Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communications Hardware, Satellite & Telecommunication Resellers, Operating Systems & Productivity Software Publishing, Database, Storage & Backup Software Publishing, Business Analytics & Enterprise Software, Video Game Software, Design, Editing & Rendering Software The global information technology (IT) market size grew from $8179.48 billion in 2022 to $8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The information technology (IT) market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%. The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. For example, according to statistics provided by hostingtribunal.com, 60% of computing workloads were running in the public cloud in 2019. Similarly, 94% of enterprise workloads are expected to be processed by cloud data centers in 2021. Companies are also opting for cloud-based data storage, thus boosting the demand for IT services. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the information technology (IT) market share in 2020 as supply chains were disrupted due to trade restrictions and employees working for these establishments faced difficulties related to infrastructure and communication owing to lockdowns imposed by governments globally, forcing them to work from home. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of 'lock down,' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the information technology (IT) market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase their presence and share in the market. Supabase, a YC-incubated startup that offers developers an open-source alternative, announced that it had raised a $6 million in funding to create new open-source tools. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology (IT) market. The regions covered in the information technology (IT) industry analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The information technology (IT) market consists of revenues earned by entities by providing IT services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology (IT) market also includes sales of computers, computer peripherals and telecommunications equipment which are used in providing IT services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The information technology (IT) market research report is one of a series of new reports from The Business Research Company that provides information technology (IT) market statistics, including information technology (IT) industry global market size, regional shares, competitors with information technology (IT) market share, detailed information technology (IT) market segments, market trends and opportunities, and any further data you may need to thrive in the information technology (IT) industry. This information technology (IT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.