Cloud business email market is estimated to exhibit high growth potential during the forecast period owing to rapid adoption of digital technology and increasing popularity of cloud computing and growing demand for its applications across various industry verticals. Major driving factor in the growth of cloud business email market is the rapid increase in the demand for artificial intelligence and analytics. Growth of digitization is another major factor driving the growth of cloud business email market. Growing demand for innovations and increasing technological advancements is another major factor responsible for the growth of cloud business email market.
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Google, IBM Corporation and Microsoft Corporation are dominating the overall cloud business email market and are considered to be the market leader in the cloud business email market. Google is considered to be the technology leader in cloud business email market. It offers advanced security features for the cloud business email boxes and hence is gaining immense popularity. Google, along with cloud based mailboxes also offers web based tools collaboration, communication and storage. The company focusses on offering innovative products and keeps up with the fast pace of the technological advancements. Increasing demand for cloud based applications and growing adoption of artificial intelligence across different applications are other major factors fueling the growth of cloud business email market.
Cloud business email market has been segmented on the basis of operating system, organization size and vertical. The vertical segment is bifurcated into BFSI, healthcare, media & entertainment, IT & telecommunication, energy & power, automotive, retail and others. Out of which, the BFSI sub segment is expected to hold the largest market share of cloud business email market and is also expected to grow at the highest rate and continue to dominate the vertical segment of cloud business email market during the forecast period. Cloud business email market is expected to grow rapidly owing to its increasing number of applications across various industry verticals.
The major factor restraining the growth of cloud business email market is the lack of awareness and concerns regarding security and safety of the data. This could be a major factor that could cause hindrance in the growth of cloud business email market. Lack of technical expertise and cyber threats are other factors that could restraint the growth of cloud business email market.
According to Market Research Future Analysis, Cloud Business Email Market has been valued at approx. USD 2.15 Billion by the end of forecast period with 11% of CAGR during forecast period 2018 to 2023.
Major Key Players
Market Research Future (MRFR) recognizes the following companies as the key players in the Cloud Business Email market – Google, Inc. (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Micro Focus International PLC (U.S.), NEC Corporation (Japan), Amazon Web Services (U.S.), Hitachi (Japan), J2 Global Inc. (U.S.), Fujitsu, Ltd. (Japan), GoDaddy, Inc. (U.S.) and others.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
Cloud business email market can be segmented on the basis of operating system, organization size and vertical. The organization size segment is further bifurcated into small and medium businesses and large enterprises. Out of which, large enterprises segment is expected to hold the largest market share whereas the small and medium businesses segment is expected to grow at the highest rate during the forecast period. This is owing to the increasing adoption of cloud business email for different business management functions and growing popularity of cloud email based artificial intelligence.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
LIST OF TABLES
TABLE 1 CLOUD BUSINESS EMAIL MARKET, BY OPERATING SYSTEM
TABLE 2 CLOUD BUSINESS EMAIL MARKET, BY ORGANIZATION SIZE
TABLE 3 CLOUD BUSINESS EMAIL MARKET, BY VERTICAL
TABLE 4 CLOUD BUSINESS EMAIL MARKET, BY REGIONS
TABLE 5 NORTH AMERICA CLOUD BUSINESS EMAIL MARKET, BY OPERATING SYSTEM
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LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 CLOUD BUSINESS EMAIL MARKET, BY OPERATING SYSTEM (%)
FIGURE 3 CLOUD BUSINESS EMAIL MARKET, BY ORGANIZATION SIZE (%)
FIGURE 4 CLOUD BUSINESS EMAIL MARKET, BY VERTICAL (%)
FIGURE 5 CLOUD BUSINESS EMAIL MARKET, BY REGIONS (%)
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