Growing Use of the Cloud-Based Solution to Benefit Market Growth of Microsoft Dynamics Services
In computing, customer relationship management (CRM) and enterprise resource planning (ERP) both come under Microsoft Dynamics. It is a part of “Microsoft Business Solution”. Microsoft promotes Dynamics applications with the help of various reselling partners that are efficient in providing specialized services. It can be used with various other Microsoft services and programs, like Outlook, Yammer, SharePoint, Office 365, and Azure. Some of the specialized industries on which Microsoft Dynamics focuses are manufacturing, retail, services, financial services, and the public sector.
Various companies are integrating these services for better working. For instance, on October 20, 2018, Cietnsam’s CMC Corporation got into a strategic collaboration agreement with another well-known name Approxima, which is a partner, located in Denmark. Approxima is a key player in SAS consultancy with an experience of several years in the deployment of SAP solutions in the industry. Whereas, CMC is one of the leading names in providing ICT services and products for various multinational organizational across 21 nations.
According to Transparency Market Research, the global Microsoft Dynamics Services market is projected to expand at 14.5% of CAGR during the forecast period between 2018 and 2026. Thus, rising at this growth rate, it is has been estimated that the valuation of the market may reach US$11.23 bn by the end of 2026.
Organizations are including these Services to reduce Human-Made Errors
In this technologically driven world, the demand in the Microsoft Dynamics Services market is increasing at a rapid pace. The increasing use of cloud-based solutions and growing productivity, visibility, and operational efficiency are some of the major factors contributing in the growth of this market.
Moreover, various enterprises are looking for Microsoft Dynamics cloud-based solution to assist in the ongoing cloud technology development and incorporate them in the new systems to support digital projects. Adding to these growth factors, businesses across the globe are also using these services to reduce the manual tasks that are likely to eliminate the chances of human-made errors, help in boosting efficient sales strategy, and use customer data in understanding what to offer.
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Emerging Economies Hold Untapped Growth Opportunities for Microsoft Dynamics Services Market
In the coming years, emerging economies in Asia Pacific such as China, Japan, India, and South Korea are likely to display large growth opportunities for the Microsoft Dynamics Services Market. The rapid growth of digitalization, growing integration of cloud-based services, and increasing demand for technologically advanced techniques across various industries in these regions are expected to boost demand in this market.
Currently, North America holds maximum share in the Microsoft Dynamics Services market and is likely to dominate in the near future by holding more than 40% of market share. This is mainly because of rising demand for advanced technologies with the aim to reduce operational costs within enterprises, rising adoption of analytics and AI, and growing digital transformations.