Enterprise Application Market Expected To Reach XX billion By 2025
Fundamental Shift in Effective Business Management
According to a new report published by Reports Monitor titled, “Enterprise Application Market by Deployment, Solution, Application and End-User: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the enterprise application market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America is holding the highest market share dominating the enterprise application market terms of revenue, and is expected to maintain this trend throughout the forecast period.
An enterprise application (EA) is a large software system platform designed to operate in a corporate environment for instance business or government. EA software is a critical component of any computer-based information system. EA software ultimately enhances efficiency and productivity through business level support functionality. EA software services include online shopping and payment processing, interactive product catalogues, computerized billing systems, security, content management, IT service management, content switching modules, resource planning, business intelligence, human resource management, manufacturing, application integration, forms automation, sales force automation, enterprise resource planning and business process management. Currently organizations are implementing enterprise application to ensure increased profitability and to increase their working capital.
Rising inclinations for remote access in employees, expanding mobile infiltration giving diverse applications and adoption of cloud computing based innovation drives the development of enterprise application. Furthermore, customer centric approach of businesses and upper hands gave by the product, raising prerequisite for multimedia gadget and developing interest for real time data access additionally helps the growth of the market. Nevertheless, high cost of enterprise application which is unaffordable by little scale merchants and other substitute accessible open sources application are limitations of the market that may impede the further advancement of the market.
Key Findings and Scope: • The global enterprise application market was estimated to be XX million in 2016 and predicted to reach XX million with the CAGR of XX% over the forecast period. • Base on deployment of the software key players use two models that is on- premise and cloud based. Cloud computing solution is gaining much popularity amidst small scale organizations owing to limited budget and its advantages. Scalability, pay-per-use, reduced infrastructure cost and ubiquitous access are the main aspects that drive the growth of cloud based solutions. • Enterprise resources planning (ERP) and CRM are anticipated to be the primary solution segment as product provides automated back office operation and permits real time data access through various connected departments. Besides, content management system solution segment is foreseen to reach XX million with the CAGR of XX% over the forecast period. • These solutions are increasingly applied in government, manufacturing, aerospace & defence, retail services and telecommunication and IT. A healthcare application occupied more than XX% of the overall industry share in 2016 and is projected to exhibit the growth over the CAGR of XX% for the forecast period. • By application, brand reputation and customer relationship management are the two segments accounted for the significant share. However, competitive intelligence, fraud detection and predictive analysis segment are expected to grow at lucrative pace. • Region wise, North America enterprise application market is estimated to develop at high speed sharing largest share of the market. Factors contributing to the growth of this market will include existing global software vendors such as Oracle, IBM Corp, SAP, HP and Microsoft Corp etc. and customer oriented approach of companies.
Major Key players profiled in the report are: Dassault Systèmes, Epicor Software, Hewlett-Packard, IBM, IFS AB, Infor, Microsoft Corporation, Oracle, QAD Inc. and SAP.
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