Cloud Office Services Market Research Report - Global Forecast till 2027

Global Cloud Office Services Market Research Report: by Component (Cloud Office Services Suite, Cloud Office Services Migration Tools, Cloud Office Services Collaboration Services, Cloud Office Services Professional Services), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Vertical (BFSI, IT & Telecommunications, Healthcare and Pharmaceuticals, Retail and Consumer Goods, Manufacturing, Automotive and Transportation, Energy, Government and Public Sector, Others), Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/ICT/6545-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of report has been updated from 2018- 2024 to 2020-2027. Cordially fill Sample form for updated data.

Market Synopsis


The global cloud office services market is expected to register a CAGR of 14.6% during the forecast period to reach USD 6,802.9 Million by 2024.


The global market for cloud office services is expanding at a high rate. The growing adoption of cloud services across industry verticals as well as in all the developing countries is fostering the growth of the market. The number of enterprises which are adopting cloud office services suites is growing rapidly. Cloud suites assist employees by providing access to files and documents online as well as offline. The employees can use cloud office services for video conferencing, cloud data storage, and sending emails. The employees are able to use these services on any device such as a desktop, laptop, tablet, or smartphone. Along with this, enterprises also get monthly security updates and new feature releases.


The major factors contributing to the market growth are increasing number of connected devices. The cloud office services are easy to deploy and use which is one of its attractive features. Also, the enterprises using cloud office services are able to reduce their IT expenditure as cloud office services have a subscription-based software. The growing adoption of smartphones in enterprises and rapidly increasing internet penetration are also some of the factors affecting market growth. However, concerns regarding data security are expected to restrain the market growth during the forecast period. The demand for cloud office services is expected to surge as more and more verticals are transforming and adopting digitization. Also, the growing number of employee-centric enterprises and adoption of bring-your-own-device (BYOD) policies offer lucrative opportunities to players in the global cloud office services market.


Segmentation


The global cloud office services market has been segmented based on component, organization size, vertical, and region/country.


By component, the global cloud office services market has been divided into cloud office services suite, cloud office services migration tools, cloud office services collaboration services, and cloud office services professional services.


The organization size segments of the global cloud office services market are small and medium-sized enterprises (SMEs) and large enterprises.


Based on vertical, the global cloud office services market has been classified as BFSI, IT & telecommunications, healthcare and pharmaceuticals, retail and consumer goods, manufacturing, automotive and transportation, energy, government and public sector, and others.


The global cloud office services market has been analyzed under four regions—North America, Europe, Asia-Pacific, and the rest of the world.


Competitive Analysis


Microsoft Corporation and Google are the two main players competing in the market. The market share of Microsoft Corporation is more than 60% and is the highest among all the other players in the ecosystem. Apple Inc. also offers cloud office services suite but currently, it offers it for free to the enterprises.


Key Players


The key players in the global cloud office services market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include Rackspace US, Inc. (US), Google Inc. (US), Microsoft Corporation (US), Ascensio System SIA (Latvia), Zoho Corporation Pvt. Ltd (India), Adobe (US), HyperOffice (US), Evernote Corporation (US), AvePoint, Inc. (US), Xillio (US), TERVELA CLOUD FASTPATH (US), SkySync (US), Quest Software Inc. (US), MediaAgility Inc. (US) and INSIGHT (US). The key strategies adopted by most of the players include launching solutions and upgrading previous versions of the suite. Also, these players offer products at competitive pricing to gain more market share.


Regional Analysis


The global market for cloud office services is expected to grow at a significant CAGR during the forecast period. The geographical analysis of cloud office services market has been done for North America, Europe, Asia-Pacific, and the rest of the world (includes the Middle East, Africa, and South America).


Among the regions mentioned, North America is anticipated to have the largest market share during the forecast period. The US occupies nearly 80–85% share in the region as most of the leading vendors are headquartered here with a strong customer base. The adoption of cloud technology by enterprises across verticals is the highest in the region. This is the primary driving factor for the high adoption rate of cloud office services in North America.


The market size of Europe is expected to be the second-largest, followed by Asia-Pacific during the review period. The market in Europe is expected to grow due to the increasing adoption of BYOD trend in the region. The market in Asia-Pacific is expected to be the fastest-growing during the assessment period as demand in the region is projected to rise more than the global CAGR of 14.6%. Developing countries such as India and China are driving the growth of the cloud office services market with unceasing demand, growing internet penetration, and rapid adoption of cloud computing. The market in the rest of the world offers numerous opportunities to vendors as the majority of the countries in the region are yet to adopt cloud office services solutions.
 Cloud Office Services Market_Image


Source: MRFR Analysis


Intended Audience



  • Cloud office services vendors

  • Cloud office services collaboration tool providers

  • Cloud service providers

  • Government organizations

  • Resellers and distributors

  • Investors and venture capitalists



Frequently Asked Questions (FAQ) :


The cloud office services market is expected to augment at a CAGR of 14.6%.

By 2024, the cloud office services market is poised to reach USD 6,802.9 Mn mark.

By vertical, the segments of the cloud office services market are BFSI, government and public sector, healthcare and pharmaceuticals, IT & telecommunications, retail and consumer goods, automotive and transportation, manufacturing, energy, and others.

Asia Pacific is anticipated to strike 14.6% CAGR.

The regional segments covered for the analysis of the cloud office services market are North America, Asia-Pacific, Europe, and the Rest of the World.

The segments of the cloud office services market, based on component, are cloud office services suite, cloud office services collaboration services, cloud office services migration tools, and cloud office services professional services.

The players of the cloud office services market assessed in the report are Rackspace US, Inc. (US), Microsoft Corporation (US), Google Inc. (US), Ascensio System SIA (Latvia), Adobe (US), Zoho Corporation Pvt. Ltd (India), HyperOffice (US), AvePoint, Inc. (US), Evernote Corporation (US), MediaAgility Inc. (US), Xillio (US), SkySync (US), TERVELA CLOUD FASTPATH (US), Quest Software Inc. (US), and INSIGHT (US).

Table of Contents

1 Executive Summary

1.1 Market Attractiveness Analysis

1.2 Global Cloud Office Services Market, by Component

1.3 Global Cloud Office Services Market, by Organization Size

1.4 Global Cloud Office Services Market, by Vertical

1.5 Cloud Office Services Market, by Region

2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.3 Market Structure

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

3.6 List of Assumptions

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Drivers

5.2.1 Easy deployment of software

5.2.2 Reduction in enterprise’s expenses

5.2.3 Increasing number of connected devices

5.2.4 Drivers Impact Analysis

5.3 Restraints

5.3.1 Concerns Regarding Security of Data

5.3.2 Restraints Impact Analysis

5.4 Opportunities

5.4.1 Digital Transformation of enterprises across verticals

5.4.2 Rapid adoption of BYOD

5.5 Technological Trends

5.6 Regulatory Landscape / Standards

6 Market Factor Analysis

6.1 Supply/Value Chain Analysis

6.2 Porter’s Five Forces Model

6.2.1 Threat of New Entrants

6.2.2 Bargaining Power of Suppliers

6.2.3 Bargaining Power of Buyers

6.2.4 Threat of Substitutes

6.2.5 Intensity of Rivalry

7 Global Cloud Office Services Market, By Component

7.1 Overview

7.2 Cloud Office Suite

7.2.1 Cloud Office Suite: Market Estimates & Forecast by Region/Country, 2020-2027

7.2.2 Online Document Editors

7.2.3 Mail

7.2.4 Document Management and Storage

7.2.5 CRM Solution

7.2.6 Communication

7.2.7 Others

7.3 Cloud Office Migration Tools

7.3.1 Cloud Office Migration Tools: Market Estimates & Forecast by Region/Country, 2020-2027

7.4 Cloud Office Collaboration Services

7.4.1 Cloud Office Collaboration Services: Market Estimates & Forecast by Region/Country, 2020-2027

7.5 Cloud Office Professional Services

7.5.1 Cloud Office Professional Services: Market Estimates & Forecast by Region/Country, 2020-2027

8 Global Cloud Office Services Market, By Organization Size

8.1 Overview

8.2 Large Enterprise

8.2.1 Large Enterprise: Market Estimates & Forecast by Region/Country, 2020-2027

8.3 Small and Medium-Sized Enterprise

8.3.1 Small and Medium-Sized Enterprise: Market Estimates & Forecast by Region/Country, 2020-2027

9 Global Cloud Office Services Market, By Vertical

9.1 Overview

9.2 BFSI

9.2.1 BFSI: Market Estimates & Forecast by Region/Country, 2020-2027

9.3 IT & Telecommunications

9.3.1 IT & Telecommunications: Market Estimates & Forecast by Region/Country, 2020-2027

9.4 Healthcare and Pharmaceuticals

9.4.1 Healthcare and Pharmaceuticals: Market Estimates & Forecast by Region/Country, 2020-2027

9.5 Retail and Consumer Goods

9.5.1 Retail and Consumer Goods: Market Estimates & Forecast by Region/Country, 2020-2027

9.6 Manufacturing

9.6.1 Manufacturing: Market Estimates & Forecast by Region/Country, 2020-2027

9.7 Automotive and Transportation

9.7.1 Automotive and Transportation: Market Estimates & Forecast by Region/Country, 2020-2027

9.8 Energy

9.8.1 Energy: Market Estimates & Forecast by Region/Country, 2020-2027

9.9 Government and Public Sector

9.9.1 Government and Public Sector: Market Estimates & Forecast by Region/Country, 2020-2027

9.10 Others

9.10.1 Others: Market Estimates & Forecast by Region/Country, 2020-2027

10 Global Cloud Office Services Market, By Region

10.1 Overview

10.2 North America

10.2.1 Market Estimates & Forecast, by Country, 2020-2027

10.2.2 Market Estimates & Forecast, by Component, 2020-2027

10.2.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.2.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.2.5 Market Estimates & Forecast, by Vertical, 2020-2027

10.2.6 US

10.2.6.1 Market Estimates & Forecast, by Component, 2020-2027

10.2.6.2 Market Estimates & Forecast, by Organization Size, 2020-2027

10.2.6.3 Market Estimates & Forecast, by Vertical, 2020-2027

10.2.6.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.2.7 Canada

10.2.7.1 Market Estimates & Forecast, by Component, 2020-2027

10.2.7.2 Market Estimates & Forecast, by Organization Size, 2020-2027

10.2.7.3 Market Estimates & Forecast, by Vertical, 2020-2027

10.2.7.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.2.8 Mexico

10.2.8.1 Market Estimates & Forecast, by Component, 2020-2027

10.2.8.2 Market Estimates & Forecast, by Organization Size, 2020-2027

10.2.8.3 Market Estimates & Forecast, by Vertical, 2020-2027

10.2.8.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.3 Europe

10.3.1 Market Estimates & Forecast, by Country, 2020-2027

10.3.2 Market Estimates & Forecast, by Component, 2020-2027

10.3.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.3.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.3.5 Market Estimates & Forecast, by Vertical, 2020-2027

10.3.6 UK

10.3.6.1 Market Estimates & Forecast, by Component, 2020-2027

10.3.6.2 Market Estimates & Forecast, by Organization Size, 2020-2027

10.3.6.3 Market Estimates & Forecast, by Vertical, 2020-2027

10.3.6.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.3.7 Germany

10.3.7.1 Market Estimates & Forecast, by Component, 2020-2027

10.3.7.2 Market Estimates & Forecast, by Organization Size, 2020-2027

10.3.7.3 Market Estimates & Forecast, by Vertical, 2020-2027

10.3.7.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.3.8 France

10.3.8.1 Market Estimates & Forecast, by Component, 2020-2027

10.3.8.2 Market Estimates & Forecast, by Organization Size, 2020-2027

10.3.8.3 Market Estimates & Forecast, by Vertical, 2020-2027

10.3.8.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.3.9 Rest of Europe

10.3.9.1 Market Estimates & Forecast, by Component, 2020-2027

10.3.9.2 Market Estimates & Forecast, by Organization Size, 2020-2027

10.3.6.3 Market Estimates & Forecast, by Vertical, 2020-2027

10.3.9.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast, by Country, 2020-2027

10.4.2 Market Estimates & Forecast, by Component, 2020-2027

10.4.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.4.5 Market Estimates & Forecast, by Vertical, 2020-2027

10.4.6 China

10.4.6.1 Market Estimates & Forecast, by Component, 2020-2027

10.4.6.2 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.6.3 Market Estimates & Forecast, by Vertical, 2020-2027

10.4.6.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, by Component, 2020-2027

10.4.7.2 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.7.3 Market Estimates & Forecast, by Vertical, 2020-2027

10.4.7.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.4.8 India

10.4.8.1 Market Estimates & Forecast, by Component, 2020-2027

10.4.8.2 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.8.3 Market Estimates & Forecast, by Vertical, 2020-2027

10.4.8.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.4.9 Rest of Asia-Pacific

10.4.9.1 Market Estimates & Forecast, by Component, 2020-2027

10.4.9.2 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.9.3 Market Estimates & Forecast, by Vertical, 2020-2027

10.4.9.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.5 Rest of the World

10.5.1 Market Estimates & Forecast, by Country, 2020-2027

10.5.2 Market Estimates & Forecast, by Component, 2020-2027

10.5.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.5.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.5.5 Market Estimates & Forecast, by Vertical, 2020-2027

10.5.6 South America

10.5.6.1 Market Estimates & Forecast, by Component, 2020-2027

10.5.6.2 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.6.3 Market Estimates & Forecast, by Vertical, 2020-2027

10.5.6.4 Market Estimates & Forecast, by Vertical, 2020-2027

10.5.7 Middle East & Africa

10.5.7.1 Market Estimates & Forecast, by Component, 2020-2027

10.5.7.2 Market Estimates & Forecast, by Organization Size, 2020-2027

10.5.7.3 Market Estimates & Forecast, by Vertical, 2020-2027

10.5.7.4 Market Estimates & Forecast, by Vertical, 2020-2027

11 Competitive Landscape

11.1 Competitive Overview

11.2 Competitor Dashboard

11.3 Major Growth Strategy in the Global Cloud Office Services Market

11.4 Competitive Benchmarking

12 Company Profiles

12.1 Google

12.1.1 Company Overview

12.1.2 Financial Overview

12.1.3 Product Offerings

12.1.4 Key Development

12.1.5 SWOT Analysis

12.1.6 Key Strategies

12.2 Microsoft Corporation

12.2.1 Company Overview

12.2.2 Financial Overview

12.2.3 Product Offerings

12.2.4 Key Development

12.2.5 SWOT Analysis

12.2.6 Key Strategies

12.3 Ascensio System SIA

12.3.1 Company Overview

12.3.2 Financial Overview

12.3.3 Product Offerings

12.3.4 Key Development

12.3.5 SWOT Analysis

12.3.6 Key Strategies

12.4 Zoho Corporation Pvt. Ltd.

12.4.1 Company Overview

12.4.2 Financial Overview

12.4.3 Product Offerings

12.4.4 Key Development

12.4.5 SWOT Analysis

12.4.6 Key Strategies

12.5 Evernote Corporation

12.5.1 Company Overview

12.5.2 Financial Overview

12.5.3 Product Offerings

12.5.4 Key Development

12.5.5 SWOT Analysis

12.5.6 Key Strategies

12.6 Rackspace US, Inc.

12.6.1 Company Overview

12.6.2 Financial Overview

12.6.3 Product Offerings

12.6.4 Key Development

12.6.5 SWOT Analysis

12.6.6 Key Strategies

12.7 Adobe

12.7.1 Company Overview

12.7.2 Financial Overview

12.7.3 Product Offerings

12.7.4 Key Development

12.7.5 SWOT Analysis

12.7.6 Key Strategies

12.8 HyperOffice

12.8.1 Company Overview

12.8.2 Financial Overview

12.8.3 Product Offerings

12.8.4 Key Development

12.8.5 SWOT Analysis

12.8.6 Key Strategies

12.9 AvePoint, Inc.

12.9.1 Company Overview

12.9.2 Financial Overview

12.9.3 Product Offerings

12.9.4 Key Development

12.9.5 SWOT Analysis

12.9.6 Key Strategies

12.10 Xillio

12.10.1 Company Overview

12.10.2 Financial Overview

12.10.3 Product Offerings

12.10.4 Key Development

12.10.5 SWOT Analysis

12.10.6 Key Strategies

12.11 TERVELA CLOUD FASTPATH

12.11.1 Company Overview

12.11.2 Financial Overview

12.11.3 Product Offerings

12.11.4 Key Development

12.11.5 SWOT Analysis

12.11.6 Key Strategies

12.12 SkySync

12.12.1 Company Overview

12.12.2 Financial Overview

12.12.3 Product Offerings

12.12.4 Key Development

12.12.5 SWOT Analysis

12.12.6 Key Strategies

12.13 Quest Software Inc.

12.13.1 Company Overview

12.13.2 Financial Overview

12.13.3 Product Offerings

12.13.4 Key Development

12.13.5 SWOT Analysis

12.13.6 Key Strategies

12.14 MediaAgility Inc.

12.14.1 Company Overview

12.14.2 Financial Overview

12.14.3 Product Offerings

12.14.4 Key Development

12.14.5 SWOT Analysis

12.14.6 Key Strategies

12.15 INSIGHT

12.15.1 Company Overview

12.15.2 Financial Overview

12.15.3 Product Offerings

12.15.4 Key Development

12.15.5 SWOT Analysis

12.15.6 Key Strategies

** Note: Details on financial overview, SWOT analysis, and key strategies might not be captured in case of unlisted companies as their financial details are not disclosed due to private ownership or unavailability of financial data on public domain or any other reliable source.

13 Industry Insights

13.1 Technological Impact Analysis

13.2 Use Cases

13.3 Best Practices

14 Appendix

14.1 List of Abbreviation

14.2 Related Research Market Study


LIST OF TABLES

Table 1 Global Cloud Office Services Market, by Region, 2020-2027

Table 2 North America: Global Cloud Office Services Market, by Country, 2020-2027

Table 3 Europe: Global Cloud Office Services Market, by Country, 2020-2027

Table 4 Asia-Pacific: Global Cloud Office Services Market, by Country, 2020-2027

Table 5 Rest of the World: Global Cloud Office Services Market, by Country, 2020-2027

Table 6 North America: Global Cloud Office Services Component Market, by Country, 2020-2027

Table 7 Europe: Global Cloud Office Services Component Market, by Country, 2020-2027

Table 8 Asia-Pacific: Global Cloud Office Services Component Market, by Country, 2020-2027

Table 9 Rest of the World: Global Cloud Office Services Component Market, by Country, 2020-2027

Table 10 Global Cloud Office Services Organization Size Market, by Region, 2020-2027

Table 11 North America: Global Cloud Office Services Organization Size Market, by Country, 2020-2027

Table 12 Europe: Global Cloud Office Services Organization Size Market, by Country, 2020-2027

Table 13 Asia-Pacific: Global Cloud Office Services Organization Size Market, by Country, 2020-2027

Table 14 Rest of the World: Global Cloud Office Services Organization Size Market, by Country, 2020-2027

Table 15 Global Cloud Office Services Vertical Market, by Region, 2020-2027

Table 16 North America: Global Cloud Office Services Vertical Market, by Country, 2020-2027

Table 17 Europe: Global Cloud Office Services Vertical Market, by Country, 2020-2027

Table 18 Asia-Pacific: Global Cloud Office Services Vertical Market, by Country, 2020-2027

Table 19 Rest of the World: Global Cloud Office Services Vertical Market, by Country, 2020-2027


LIST OF FIGURES

FIGURE 1 Global Cloud Office Services Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Cloud Office Services Market

FIGURE 4 Value Chain/Supply Chain of Global Cloud Office Services Market

FIGURE 5 Share of the Global Cloud Office Services Market in 2020, by Country (in %)

FIGURE 6 Global Cloud Office Services Market, 2020-2027

FIGURE 7 Sub-segments of Component

FIGURE 8 Global Cloud Office Services Market Size, by Component, 2020

FIGURE 9 Share of the Global Cloud Office Services Market, by Component, 2020-2027

FIGURE 10 Global Cloud Office Services Market Size, by Vertical, 2020

FIGURE 11 Share of the Global Cloud Office Services Market, by Vertical, 2020-2027

FIGURE 12 Global Cloud Office Services Market Size, by Organization Size, 2020

FIGURE 13 Share of the Global Cloud Office Services Market, by Organization Size, 2020-2027