Eastern Europe will see fourfold increase of cloud revenue by 2029
Cloud market revenue in Eastern Europe is going to increase by 17.8% yearly between 2022-2029, Fortune Business Insights says. According to a study commissioned by Microsoft, a host of cutting-edge Industry 4.0 technologies are set to revolutionize the cloud market and drive exponential growth in the years to come.
From 3D printing to email marketing, online grocery to e-commerce, and AR/VR technologies, the cloud market is primed for a major expansion as businesses and consumers alike embrace these innovative tools. In the Baltics region experts predict an impressive increase rate of 13.6% in the upcoming years.
Fortune Business Insights predicts the Baltics and Eastern Europe will see a compound annual revenue growth rate of 16.7% from 2022-2029 in the cloud for manufacturing and retail markets.
SMEs will be generating revenue in the regional cloud market at a compound annual growth rate of over 19% in 2022-2029 and will have a market share of over 32% by 2029, growing from 27% at the expense of large enterprises.
Today, SMEs across Europe use cloud solutions of Microsoft, and especially those designed for the manufacturing industry. Now Dynamics 365 Business Center provides them with a comprehensive solution that not only streamlines resource management but makes daily work processes more dynamic and lends flexibility to the company to serve their most important markets.
Intelligent Systems’ customer Coca-Cola Bottling Shqipëria (CCBS) runs a complex business, serving thousands of points of sale and delivery locations with a range of refreshing drinks. CCBS chose Intelligent Systems for the implementation of Dynamics 365 Finance and Supply Chain Management. Now, the company and its partners enjoy streamlined daily operations, as deeper, real-time connectivity between business areas helps bring people closer together.
Undoubtedly, cloud solutions bring many benefits to organizations regarding adaptability, security, and up-to-date information. According to Intelligent Systems’ experience, the cloud is crucial for a reliable process and customer management system for smooth day-to-day operations. We are looking forward to seeing more and more businesses in Eastern Europe implementing the cloud.