On the basis of end-user type, the Microsoft Synamics services market is classified into BFSI, telecom and IT, retail, healthcare, manufacturing, and others. Amongst the pack, IT and Telecom segment is anticipated to be a major revenue generator in 2026.The global market for Microsoft Dynamics services market is expected to rise at a 14.5% CAGR during the forecast period from 2018 – 2026. During this period the market is anticipated to be valued at US$ 11239.5 mn. Presently North America holds the leading market share of 45%, but Asia Pacific region is expected to become the fastest growing market in years to come.

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.

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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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