Regional Cloud Sales Growth Expected in Coming Years
The sales revenue of the cloud technology market used in manufacturing and trade in the Baltics and Eastern Europe will grow by an average of 16.7% annually between 2022 and 2029, according to market researcher Fortune Business Insights, writes profitline.hu.
In its study, which was prepared for Microsoft, it finds that the spread of Industry 4.0 technologies (such as 3D printing), the strong growth of e-mail marketing, online shopping, and e-commerce, plus extended and virtual technologies that apply reality will encourage the further expansion of the cloud market in the coming years.
In Hungary, the sector's growth may be even higher than the regional average; the development of B2C e-commerce was already the most prominent in the region in 2020.
Another characteristic of the domestic market is the central role of SMEs in the growth of the cloud market.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.