AVANT | State of Disruption | 21 Cloud-based Apps Growth by Vertical 100% 75% 59% 56% 51% 50% 46% 44% 40% 39% 35% 32% 26% 28% 28% 27% Cloud-based Applications 25% 22% 22% 16% 19% 9% While the adoption of cloud-based 0% ial al h l il r c c ga ta applications has been well under Te Le turing Re Othe truction Medi gh c ns Consulting Financ Hi fa way for quite some time, growth Co Manu 2018 - 2019 (actual) 2019 - 2021 (projected) Figure 10.1 numbers continue to rise. Cloud-based Apps Growth by Company Revenue 100% These applications run the gamut from basic office-style tools to advanced ERP, CRM, etc. Uptake is relatively even across the 75% various vertical markets. Failure to adopt is usually linked to security concerns, although that objection continues to fade. 50% 50% 44% 46% 40% 39% 35% 29% 26% 24% 22% 25% 20% 22% 0% - $1b $1b+ $50m $100m $500m $1m - $10m $11m - $51m - $101m - $501m 2018 - 2019 (actual) 2019 - 2021 (projected) Figure 10.2