TechNavio today launched its report Cloud Software Services Market in the EMEA Region 2011-2014 based on an in-depth study. The report aims to aid decision makers™ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio™s Data Centers team said, The Cloud Software Services market in the EMEA region is witnessing increased competition among vendors. Increasing adoption is forcing vendors to reduce the price of solutions to gain market share. Vendors are offering increased functionalities along with reduced prices. The price competition is encouraging organizations to change vendors. Moreover, the increased adoption of cloud-based computing is further decreasing the cost of cloud software services.
According to the report, one of the main drivers of the Cloud Software Services market in the EMEA region is the need to reduce the overall cost of IT service applications. With the rapid technological developments and increased adoption of cloud-based services in business, many organizations are experiencing increases in the cost of IT applications and management. As a result, many organizations are opting for cloud-based software to deploy and manage applications at reduced cost. Cloud-based software services enable organizations to meet business requirements at reduced cost and decrease investment in IT services.
The report also discusses that increasing complexity of business requirements could pose a challenge to the growth of this market.
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 players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/cloud-software-services-market-emea-2010-2014
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TechNavio Announces the Publication of its Report – Cloud Software Services Market in the EMEA Region 2011-2014
