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Microsoft Dynamics Services Market- Rise In The Number Of Mobile Devices, Cloud-Based And Iot Applications

Microsoft Dynamics Services Market – Snapshot

According to a new market report published by Transparency Market Research titled “Microsoft Dynamics Services Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”,The global Microsoft Dynamics Services market is expected to reach US$ 11,239.5Mn by 2026, expanding at a CAGR of 14.5% from 2018 to 2026. North America held a prominentshare of the Microsoft Dynamics Services market in 2016. Asia Pacific is projected to be at the forefront of global demand, and the market in the region is expected to expand at a significant CAGR among all regions.

microsoft dynamics services market

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Rising adoption of cloud-based solutions and need for increasing operational efficiency, visibility, and productivity are acting as major drivers for the Microsoft Dynamics services market. Increasing demand among enterprises for reduction in operational costs, increase in business agility, and enforcement of mobility is playing an important role in the expansion of the cloud-based solutions globally.Enterprises are looking for Microsoft Dynamics cloud-based solutions to support ongoing cloud technology developments and integrate them with new systems to support digital projects.Furthermore, businesses across the globe are experiencing the benefits of automating manual tasks in order to reduce manual errors, utilize customer data for deciding what to offer, and driving efficient sales strategy.Businesses need to upgrade their systems and boost the operational efficiency in order to remain competitive.Organizations are implementing Microsoft Dynamics to streamline business operations and help employees work more efficiently. Microsoft Dynamics provides efficient communication and collaboration tools to help employees coordinate better within and across departments.

Cloud-basedsegment to expand rapidlyduring the forecast period

The Microsoft Dynamics services market can be segmented based ondeployment type, product type, service type, end-user, and geography. Based ondeployment type,the Microsoft Dynamics services market has been further segmented into on-premiseand cloud-based. The on-premise segment held a prominent shareof the market in 2016. However,various organizations are looking for cloud based solutions especially from small and medium businessesowing to the rise in the number of mobile devices, cloud-based and IoT applications. Furthermore, a shift in preference of enterprise application buyers from traditional systems toward the cloud-first approach is expected to further boost the Microsoft Dynamics services market. Less maintenance and low costs associated with cloud-based Microsoft Dynamics services solutions aredriving the segment globally.

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