The on-premise segment held the greatest market share in 2018. It is anticipated that this market would grow from USD 225.08 million in 2018 to USD 343.52 million in 2023. Over the projection period of 2019 to 2023, this market is expected to develop at a compound annual growth rate of 8.65%. But the market with the quickest rate of growth is the cloud-based category, which is anticipated to expand at a compound annual growth rate (CAGR) of 10.84% between 2019 and 2023.
The on-premise segment held the greatest market share in 2018. It is anticipated that this market would grow from USD 225.08 million in 2018 to USD 343.52 million in 2023. Over the projection period of 2019 to 2023, this market is expected to develop at a compound annual growth rate of 8.65%. But the market with the quickest rate of growth is the cloud-based category, which is anticipated to expand at a compound annual growth rate (CAGR) of 10.84% between 2019 and 2023.