Microsoft Dynamics Services Market - Expanding at a CAGR of 14.5% from 2018 to 2026
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.
Various industries such as retail, manufacturing, banking and finance, and IT and telecom are expected to drive the market for the global Microsoft Dynamics services solutions, as their products are used for tracking all the interactions with the customers while managing operations of various functions in an efficient way.
Rise in need of Microsoft Dynamics services surges due to increasing adaptation of their products which are known for their flexible architecture, familiar user interface, strong partner support, and deployment options. Based on these factors the market is expected to grow at an exponential grow during the forecast period.
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Other factors such as flexible pricing models, surge in need of solutions for medium and small businesses, and cost- effectiveness are anticipated to rise the cloud based segment, thus bolstering the growth of the market during the forecast period.