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The Global Cloud Enterprise Application Software Market size is expected to reach $143.5 billion by 2023, rising at a market growth of 15% CAGR during the forecast period. Cloud enterprise application software used in businesses, clubs, charities, schools, governments, and others to address the needs of organizations as an entity rather than individual users. Factors such as cost, customization, and seamless integration with third-party applications have driven the adoption of the technology in various sectors. To remain profitable and ensure the maintenance of regular and increased flow of working capital, the organizations implement cloud enterprise application software. Adoption of enterprise application helps companies in their operations in various ways. Based on End User, the market report segments the market into Manufacturing & Services, BFSI, Healthcare, Retail, Government, Oil & Gas, Telecom, and Other End User.
Based on Type, the Global Cloud Enterprise Application Software market segments the market into Customer Relationship Management, Supply Chain Management, Business Intelligence, Enterprise Resource Planning, Web conferencing, Content Management System, Enterprise Asset Management, Business Process Management, and Others. Based on Regions, the Global Cloud Enterprise Application Software market segments the market into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The market research report covers the competition analysis of key stake holders of the Global Cloud Enterprise Application Software Market. Key companies profiled in the report include Oracle Corporation, IBM Corporation, Microsoft Corporation, SAP SE, Hewlett Packard Enterprise (HPE) Company, QAD, Inc., IFS AB, Infor, Inc., Salesforce, Inc., and Epicor Software Corporation.