The Global SAP Cloud Platform Services Market Grows with a CAGR of 31% - Exclusive Fact.MR Study - Seite 2

COVID-19 pandemic has boosted the sales of cloud platform services in Latin America. Research tells us that ration of the investment increased in the cloud computing is nearly 39%. Furthermore, around 68% of firms, surveyed in the IDC Latin America information technology investment trends 2021, are looking to increase the productivity by 2022 by retaining customer (41%), reducing costs (50%), and launching new products and services (36%).

Report Attributes

Details

Market Size Value in 2021A

USD 340 Million

Market Value Estimated in 2022E

USD 443 Million

Market Value Forecast in 2032F

USD 7,000 Million

Global Growth Rate (2022-2032)

CAGR 31%

Key Takeaways:  

• North America SAP cloud platform services market is expected to have a revenue share of 31.4% in 2022.

·  SAP cloud platform services sales are anticipated to multiply by factor of 1.3X during 2021-2022.

• The migration services as service type are expected to be valued at USD 1.5 Billion by 2032 with a growth rate of 31.1%.
• The Europe region is presumed to hold market value of around USD 118 Million by the end of 2022 owing to high technology adoption rate.

Growth Drivers:

• Organizations across the globe are widely adopting SAP cloud platform as their application tools in order to increase business efficiency processes and to enhance their application development by offering agile and integrated application.
• Rising small and large scale enterprises adopting SAP cloud platform services to enhance their business performance is expected to propel the demand for SAP cloud platform services.

Key Restraints: