[255 Pages Report] The global cloud business email market is expected to acquire a market value of nearly USD 2.15 Billion, proliferating at a CAGR of 10.4% during the forecast period from 2017 to 2027.
| Attribute | Details |
|---|---|
| Estimated Market Value of Global Cloud Business Email Market | USD 2.15 Billion |
| Estimated CAGR of the Global Cloud Business Email Market | 10.4% |
| Estimated Market Value of APEJ between 2017 to 2027 | USD 823.2 Million |
With the usage of the cloud in daily business activities, it has become convenient for organizations to manage their day-to-day activities, fueling the market. Further, the outbreak of COVID-19 enhanced the adoption of cloud-based solutions, which boosted the market notably.
Owing to the technical advancements, North America is anticipated to secure the forefront position in the market and emerge as the largest regional player. Europe can acquire a market value of USD 498.5 Million, while APEJ is projected to procure USD 823.2 Million between 2017 and 2027.
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In the past few years, financial institutions across Europe have been quick in the adoption of hosted cloud services across public clouds to ensure speedy delivery of financial services in a bid to meet changing industry and customer demands with more efficiency and greater ease of security concerns. This is significantly adding to the revenue growth of the Europe cloud business email market.
Growing adoption of cloud email with artificial intelligence: Business enterprises in North America increasingly use cloud email solutions to manage their day-to-day tasks. Several organizations have started implementing the G suite with add-on artificial intelligence features to offer improved delivery of enterprise email in a bid to attract customers.
The G suite comprising artificial intelligence tools offers enterprise communications tools such as hangouts and word processing docs that help improve work productivity. This factor is boosting the regional market for cloud business email solutions.
Increasing adoption of hosted cloud services by financial institutions: Financial institutions across North America have been quick in the adoption of hosted cloud services across public clouds to ensure speedy delivery of financial services in a bid to meet changing industry and customer demands with more efficiency and greater ease of security concerns. This is significantly adding to the revenue growth of the North American cloud business email market.
After North America, Western Europe and APEJ will be significantly high-growth markets in the global cloud business email market. The Western Europe market will represent an incremental opportunity of USD 498.5 Million between 2017 and 2027 while Asia Pacific Excluding Japan will record an incremental opportunity of USD 823.2 Million during the forecast period.
What are the future prospects of the cloud business email market?
The cloud business email solution provider is continually focusing on implementing the G suite with add-on artificial intelligence features to offer improved delivery of enterprise email in a bid to attract customers.
What are the major challenges for the cloud business email market?
Data security issues, increasing cyber threats, and illegal intrusions, which is a major challenges for the cloud business email market.
Which operating environment is provided for the cloud business email market?
Windows, Linux, UNIX, mainframe, and others, are operating environments provided for the cloud business email market.
What are the major opportunities for the cloud business email market?
The increasing adoption of bring-your-own-device (BYOD) technology in business enterprises, is a major opportunity for the cloud business email market.
Which region is expected to be at the forefront of the cloud business email market?
The provision of low-price email application solutions for SMBs is a new trend witnessed in the Europe cloud business email market. Email application solutions enable full synchronization of email on mobile devices such as smartphones and tablets while ensuring enhanced security features and a superior email experience.
Who are the major companies leading the cloud business email market?
Prominent companies in the cloud business email market include Microsoft Corporation, IBM Corporation, Google Inc., Micro Focus International Plc., NEC Corporation, Amazon Web Services, Inc., Hitachi, J2 Global Inc., Fujitsu, and others.
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The global Cloud Business Email market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
By Operating Environment:
By Verticals:
By Region:
The global cloud business email market is anticipated to procure a market value of approximately USD 2.15 Billion from 2017 to 2027.
IBM Corporation, Google Inc., Micro Focus, Amazon Web Services, among others are some of the prominent players of the market.
| Market Size (2023) | USD 29,853.6 million |
|---|---|
| Market Projected Size (2033) | USD 54,650.3 million |
| Value CAGR (2023 to 2033) | 6.2% |
| Market Value (2023) | USD 10.28 billion |
|---|---|
| Market Expected Value (2033) | USD 121.35 billion |
| Market Projected CAGR (2023 to 2033) | 28% |
| Market Value (2022) | USD 41.54 Billion |
|---|---|
| Market Anticipated Value (2032) | USD 120.10 Billion |
| Market Projected CAGR (2022 to 2032) | 11.20% |
| Estimated Market Value (2022) | USD 203.3 Million |
|---|---|
| Projected Value (2032) | USD 835.8 Million |
| CAGR (2022 to 2032) | 15.2% |
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Cloud Business Email Market
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