May 31, 2019: The global enterprise application market size is estimated to be worth USD 259.51 billion by 2022, according to a new study by Grand View Research, Inc., registering a 7.8% CAGR during the forecast period. Increasing need among organizations for single data access point is anticipated to drive industry growth over the forecast period.
Implementation of enterprise application solutions enables real-time data and information flow along with level running of business process. Use of these solutions enables better customer engagement, inventory management, quality management, and supply chain management. Increasing IT budgets of companies is expected to favor industry growth over the next few years. However, availability of open source solutions and high maintenance costs may hinder industry growth.
Download sample Copy of This Report at: https://www.radiantinsights.com/research/enterprise-application-market/request-sample
Further key findings from the study suggest:
- Web conferencing is useful for conducting seminars, business meetings, online presentations, online educations, demonstrations, and offering direct customer support. Companies adopt web conferencing to reduce geographical barriers and enable effective communication across regions
- Business Process Management (BPM) offers benefits such as increased customer satisfaction, improved agility, cost saving, greater team satisfaction, and full transparency of all activities across the organization
- The healthcare sector is estimated to exhibit a CAGR of over 9.0% from 2015 to 2022. Increasing need for real-time data transparency is anticipated to drive growth over the forecast period
Click Here For Complete Report @ https://www.radiantinsights.com/research/enterprise-application-market
- In 2014, on-premise solutions accounted for around 67.0% of the overall revenue. However, cloud-based solutions are becoming popular among small-scale companies owing to budget limitations and the many benefits this platform offers
- The North America market is estimated to be a major regional segment owing to changing organizational structure and customer-centric approach of companies in the region
- Europe is estimated to exhibit a CAGR of around 6.0% over the forecast period; Asia Pacific is also anticipated to witness strong growth owing to rising number of start-ups and presence of large number of small-scale industries
- Key industry participants include Hewlett Packard (HP); Oracle; Microsoft Corporation; IFS AB; SAP; QAD Inc.; IBM Corporation; Epicor software Corp.; and Infor
- In 2014, SAP invested USD 2.54 billion in research and development to enhance its offerings. In March 2014, the company announced the acquisition of Fieldglass, a vendor management system provider.
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For More Information, Visit Radiant Insights
Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: [email protected]
Blog URL: http://ictmarketforecasts.wordpress.com
According to a new market research report "Mobile Enterprise Application Market by Software (Accounting & Finance, ERP, Communication & Collaboration, and CRM), Operating System (Android, iOS, and Windows), Type of App, Organization Size, Industry Vertical, and Region - Global Forecast to 2021" published by MarketsandMarkets™, the Mobile Enterprise Application Market estimated to grow from USD 48.24 Billion in 2016 to USD 98.03 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 15.24% from 2016 to 2021.Increase in smartphone penetration, boost in connectivity & productivity of both employees and organizations, increasing demand for real-time information capture, and organizations’ continued focus to make their business processes mobile-ready due to increase in mobile workforce are some of the driving forces in the Mobile Enterprise Application Market.
Browse in-depth TOC on “Mobile Enterprise Application Market” 73- Tables 58- Figures 165- pagesAsk for Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150461084Enterprise resource planning software to play a key role in the Mobile Enterprise Application Market by 2021The enterprise resource planning software has the largest market share in the mobile enterprise application software market during the forecast period.
Its market share is expected to grow because it helps enterprises increase their operational efficiencies, improves communication & collaboration, anytime access to information, instant access to work center, and improves workforce productivity.
Enterprise resource planning software leverage integrated systems such as financial management, supply chain, customer relationship management, project management, and business intelligence.Hybrid apps will dominate the Mobile Enterprise Application Market by 2021Among different types of apps, the hybrid app segment is expected to occupy the largest market share in the Mobile Enterprise Application Market during the forecast period.
There are several factors driving the impressive growth in the APAC region, such as rapid economic developments, globalization & foreign direct investments, increasing penetration of smartphones, and internet adoptions in workforce.Major vendors in the Mobile Enterprise Application Market are AT (U.S.), IBM Corporation (U.S.), BlackBerry Limited (Canada), Tata Consultancy Services (India), Infosys Limited (India), SAP SE (Germany), Salesforce.com, Inc. (U.S.), Oracle Corporation (U.S.), Accenture (U.S.), Capgemini (France), HCL Technologies (India), and Deloitte (U.S.).About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM".
The global Enterprise Application Market is anticipated to reach USD 259.51 billion by the end 2022, according to a new report released by Million Insights.
The market is anticipated to grow at a CAGR of 7.8% during the forecast period, 2015 to 2022.
Key Players:Microsoft CorporationOracleHewlett Packard (HP)QAD Inc.IBM CorporationSAP Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/global-enterprise-application-market/request-sample Market Synopsis of Enterprise Application Market: CRM and ERP are the product segment that held the largest market share in 2014 owing to growing need for real-time and accurate flow of information and useful insights.
Moreover, CMS is projected to attain significant growth over the forecast period owing to rising demand for content management for various websites and blogs.
Changing business models and adoption of emerging technologies to deliver high-end consumer experience and to manage the inter-departmental flow of information are the factors projected to drive the market growth.
These solutions help in monitoring and controlling the flow of information starting from procurement of raw materials to delivering the products and services to the end users.
