SAP Cloud Platform Services Market

SAP Cloud Platform Services Market Outlook (2024 to 2034)

According to this recently updated industry analysis by Fact.MR, the global SAP cloud platform services market is valued at US$ 714.4 million in 2024. Projections for the period between 2024 and 2034 indicate demand growth at a double-digit CAGR of 26% for SAP cloud platform services, resulting in a market size of US$ 7.2 billion by the end of 2034.

Several organizations are experiencing difficulties in managing applications, workloads, integration, and multiple other aspects related to cloud computing. These changes are attributed to the proliferation of cloud platforms and the growing presence of cloud services and service providers. Thereby, multiple vendors, such as SAP SE, are developing some advanced cloud platform services for resolving cloud-related issues.

Newly developed services ensure multiple functions, such as improved workload management and streamlined process control by making efficient use of services, which are included in the SAP cloud platform service providers’ portfolio. Several small & large enterprises are giving preference to SAP cloud platforms for enhancing their business performance, which is further creating remunerative opportunities for market players. Irrespective of the operational efficiency of these solutions, their high cost is making it difficult for organizations with limited budgets to deploy these technologies as they need more capital for their deployment and maintenance.

The higher focus of organizations on using advanced technologies, such as artificial intelligence and cloud computing for maintaining seamless operations, is also widening the opportunities for market players.

• Global demand for SAP cloud platform services for use in small- & medium-scale enterprises is evaluated to accelerate at a CAGR of 27% and reach a market value of US$ 4.68 billion by 2034-end.
• The market in Japan is forecast to advance at a 26.5% CAGR from 2024 to 2034.
• North America is analyzed to account for a 24.2% share of global market revenue by the end of 2034.

Report Attribute	Detail
SAP Cloud Platform Services Market Size (2024E)	US$ 714.4 Million
Forecasted Market Value (2034F)	US$ 7.2 Billion
Global Market Growth Rate (2024 to 2034)	26% CAGR
Market Share of Strategy & Consulting Services (2034F)	25%
East Asia Market Share (2034F)	23.5%
South Korea Market Growth Rate (2024 to 2034)	26.8% CAGR
Key Companies Profiled	Atos SE; SAP SE; Tata Consultancy Services Limited; Accenture Plc.; Cognizant Technology Solutions Corp.; Wipro Limited; HCL Technologies; Infosys Limited; DXC Technology; Capgemini SE.

Why is Demand for SAP Cloud Platform Services Skyrocketing?

Growing Deployment of SAP Services by Organizations to Make Well-informed Business Decisions”

The SAP cloud platform service ecosystem is changing constantly, which includes digital solutions offered by SAP, a prominent provider of enterprise software. Several technologies, such as the IoT (Internet of Things) and cloud computing analytics, are contributing to digital transformation for companies in multiple sectors.

The digital services of SAP are pivotal for navigating the intricacies of the current digital environment. SAP services enable more organizations to improve their agility, achieve strategic growth, and make data-driven choices through the provision of integrated, state-of-the-art, and scalable solutions.

What’s Denting SAP Cloud Platform Services Market Size Expansion to Some Extent?

“High Expenditure Required to Install of SAP Cloud Platforms”

An organization needs several services throughout the process of using SAP cloud platform services. For example, strategy & consulting services are a bit expensive as it is pivotal to do a thorough analysis of the data and software as per business requirements. End users leverage the benefits of the platform, including the use of migration services for migrating information or data from one to another legacy system. Thereby, higher prices of these services make it difficult for organizations with budget constraints to deploy technologies with high investment.

What is Helping Startups Increase Their Revenue Share?

“Focus on Technological Innovations and Advancements for Optimized Performance of SAP Services”

Active involvement of aspiring market players in technological innovation and advancements is contributing to the optimized performance of SAP cloud services, thereby contributing to their extensive use in downstream applications. Focusing on consumer behavior and conducting an in-depth analysis will help startups offer more efficient solutions going forward.

Country-wise Insights

North America is analyzed to account for 24.2% share of the global market by 2034-end, as mentioned in the updated study by Fact.MR, a market research and competitive intelligence provider. Increased demand for SAP cloud platform services in the region is attributed to the increased adoption of advanced technologies, such as IoT and artificial intelligence, which is having a positive impact on the demand for SAP services as well.

What Makes the United States a Key Market for SAP Cloud Platform Services?

“Presence of Leading Market Players in the Country”

Attribute	United States
Market Value (2024E)	US$ 79.5 Million
Growth Rate (2024 to 2034)	25.9% CAGR
Projected Value (2034F)	US$ 795.1 Million

The United States is projected to contribute 45.6% share of the market in North America by 2034. The presence of some leading market players, such as Accenture Plc., Cognizant Technology Solutions Corp., Wipro Limited, HCL Technologies, and Infosys Limited, is also creating ample opportunities in the market.

Why are Providers of SAP Cloud Platform Services Thriving in China?

“Involvement of more Businesses in Continuous Innovations”

Attribute	China
Market Value (2024E)	US$ 80.4 Million
Growth Rate (2024 to 2034)	25.9% CAGR
Projected Value (2034F)	US$ 804.3 Million

China is forecast to occupy a share of 47.5% of the East Asian market by the end of 2034. More businesses in the country are moving to cloud software to improve their operations, introducing new capabilities, and changing outdated business models to support their practices. A rising focus of organizations on speeding up their operations is contributing to increased deployment of SAP cloud services.

Which SAP Cloud Platform Services Market Trends are Positively Influencing Their Demand in Japan?

“Surging Requirements for Data Security among Organizations”

Attribute	Japan
Market Value (2024E)	US$ 47.5 Million
Growth Rate (2024 to 2034)	26.5% CAGR
Projected Value (2034F)	US$ 497.8 Million

Japan is estimated to possess a 29.4% share of East Asian market revenue by 2034-end. There is an increased focus of more organizations in the country on the secure operation of their regular tasks without any glitches. Thereby, they are increasingly adopting SAP solutions regardless of location, helping to increase business insights and streamline operations.

Category-wise Insights

As per the updated Fact.MR analysis, strategy & consulting services are estimated to capture a lion’s share of the global market because of their growing focus on core business functions while offering professional expertise.

What Makes SAP Cloud Platform Services More Popular in Small- & Medium-Scale Enterprises?

“Flexibility, Scalability, Ease of Migration, and Efficiency of SAP Platforms”

Attribute	Small- & Medium-Scale Enterprises
Segment Value (2024E)	US$ 428.7 Million
Growth Rate (2024 to 2034)	27% CAGR
Projected Value (2034F)	US$ 4.68 Billion

Small- & medium-scale enterprises are calculated to capture 65% of the SAP cloud platform services market share by 2034. Several organizations around the world are adopting SAP cloud platform services as effective tools for increasing business efficiency and enhancing their operational capabilities. Cloud-based services are being adopted more because of their relatively low cost compared to on-premise deployment.

Compared to large-scale enterprises, small & medium-scale enterprises are giving more preference to the SAP cloud platform for their benefits, such as flexibility, efficiency, ease of migration, and scalability.

Why are Strategy & Consulting Services Preferred across Organizations?

“Improved Productivity and Efficiency of Strategy & Consulting Services”

Attribute	Strategy & Consulting Services
Segment Value (2024E)	US$ 200 Million
Growth Rate (2024 to 2034)	24.6% CAGR
Projected Value (2034F)	US$ 1.8 Billion

Strategy & consulting services are expected to hold a share of 25% of the global market by the end of 2034. The surging popularity of these consulting services is due to their features of strengthening cybersecurity and helping organizations focus on core business functions. Strengthened cybersecurity and improved productivity and efficiency of SAP strategy & consulting services are driving their demand globally.

Competitive Landscape

Some of the key players in the SAP cloud platform services industry are profiled in Fact.MR Report has been constantly investing in the innovation of product designs to meet challenges related to component placement encountered in the engine environment. They are focusing on new product launches, acquisitions, mergers, collaborations, and partnerships to expand their reach globally.

For instance:

• Accenture, in February 2021, acquired Edenhouse, which is established in the United Kingdom and offers services in SAP cloud software and on-premise solutions. This acquisition will strengthen Accenture's footprint in SAP services in the United Kingdom market.
• SAP SE, in January 2021, launched a service and software package addressed as 'Rise with SAP'. It is a new collection of software and services for assisting customers with digital transformation and cloud migration initiatives.

Fact.MR provides detailed information about the price points of key providers of SAP cloud platform services positioned across the world, sales growth, production capacity, and speculative technological expansion, in this recently updated market report.

Segmentation of SAP Cloud Platform Services Market Research

• By Service Type :

  • Strategy & Consulting Services
  • System Conversion Services
  • Proof of Concept (PoC) Services
  • Integration Services
  • Migration Services

• By Enterprise Size :

  • Small- & Medium-Scale Enterprises
  • Large-Scale Enterprises

• By End-use Industry :

  • BFSI
  • Healthcare
  • Consumer Goods & Retail
  • Manufacturing
  • Energy & Utility
  • IT & Telecom
  • Media & Entertainment
  • Government

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • MEA