’s Cloud Software Revenue To Double By 2020

by Trefis Team
Rate   |   votes   |   Share’s (NYSE: CRM) cloud software revenue segment is comprised primarily of its Salesforce Platform cloud offering. The revenue for the same in 2017 was recorded at $1.93 billion which has been growing at a robust 35-40% per year between the years 2014 to 2017. The Global Public Cloud Software and Services Market was $153.5 billion during the year 2017 and is expected to grow at approximately 14% CAGR till the year 2020.

The Salesforce Platform offering is one of the fastest growing revenue segments of the company and is expected to continue growing at a CAGR of 25% till the year 2020. This growth is expected to be powered by a comprehensive set of service offerings like Trailhead, Einstein AI, Lightning, IoT, Heroku, Analytics, and the AppExchange. The Platform also includes various tools that customers can leverage to build intelligent and connected enterprise apps. As per, thousands of partner-built apps and millions of custom apps built by customers have been developed effectively on the Salesforce Platform.

We estimate that the cloud software revenue segment (Salesforce Platform) will reach a revenue estimate of $4.3 billion by 2020. We have created an interactive dashboard How will Cloud Software Revenue Double In the Next 3 Years? including the drivers of the revenue. You can modify our assumptions to see the impact any changes would have on the cloud software revenue segment.



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