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Enterprise Software Market Gaining Traction from Adoption of Cloud-based Artificial Intelligence

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kavya t
Enterprise Software Market Gaining Traction from Adoption of Cloud-based Artificial Intelligence

The global Enterprise software market size was over $360 billion in 2018, and the demand is estimated to grow with a progressive CAGR of 6% during the forecast period 2019-2025, according to a fresh market research report from IndustryARC. This report covers Enterprise Software Market Size by Product and applications, Enterprise Software market share by top 5 companies and also the market share by start-ups during the forecast period. The analyst of the report highlights the growing used of enterprise software in various end-use industries such as healthcare, manufacturing, and IT & telecommunication as primary growth drivers of the enterprise software market.

Enterprise Software Market Product Analysis:

Enterprise software’s overwhelming features play a vital role in managing business operations and customer relations. The business process management platform is emerging significantly by providing constant pioneering solutions to retain the ever-changing business needs. Enterprise content management (ECM) systems have effective control of an organization and on its business management processes. ECM software helps to store, organize, and manage large amounts of data securely through several file types. IT service management is a domineering solution for an organization to gain an enriched return on investment through excellent IT services. Supply chain management, customer relationship management, enterprise resource planning, and business intelligence are the majorly used application software. Enterprise software is extensively used in a diverse range of end-use industries such as healthcare, manufacturing, IT & telecommunication, transportation, and media & entertainment. SAP, IBM, Microsoft, and Adobe expended billions to acquire enterprises which provides security, cloud, and software development tools

View Full Table of Contents of Enterprise Software Market:

https://www.industryarc.com/Report/15404/enterprise-software-market.html

Report Price: US$5250

Enterprise Software Market Companies: Latest Developments

• SAP, Oracle, Microsoft, Infor, Kronos, IBM, Adobe, SalesForce, Amazon, DassaultSystemes, FIS, Dell EMC are some of the key players holding major shares in the enterprise software market.

• IBM acquired Red Hat for $34 billion in October 2018. It was targeted to prevent portability of data across multiple clouds and to offer data security based on which the enterprises confidently move their business applications to the cloud. With this acquisition, IBM has positioned itself as a cloud power as well as incremented its efforts on open source.

• Adobe purchased Marketo in September 2018 for an amount of $4.75 billion. Through this acquisition, the marketing software company product is used in a cloud platform for direct-to-consumer marketing which comprises of customer experience across both B2B and B2C verticals.

• In June 2018, Microsoft Corporation acquired GitHub for $7.5billion. This agreement aimed to develop and deploy the code obtained by using different programming languages, and tools to any operating system, cloud, and device. It is focused on shaping the future of software development by combining Github’s largest software code base with Microsoft’s Azure cloud platform.

• SalesForce is an American cloud-based software company, and it acquired Mulesoft for $6.5 billion in March 2018. This acquisition is creating tremendous opportunities to enable customers to connect each and every information related to enterprise crossways all public and private clouds and data sources. Mulesoft employs an integration platform which empowers companies to build application networks such as SaaS & enterprise applications in the cloud and on-premise.

• SAP SE is a Germany-based European multinational software corporation. It acquired Qualtrics for $8 billion. Consequently, Qualtrics estimated the revenue to cross $400 million for the year 2018 with a growth rate of more than 40% being a part of SAP’s Cloud Business Group

Enterprise Software Market Segment Analysis:

• Marketing or customer relationship management (CRM) segment is currently the leading segment in the enterprise software market and is estimated to grow at a notable CAGR of 5% over a forecast period 2019 – 2025. Intuitive CRM software is attracting top players to boost their inbound sales.

• On the basis of geographical analysis provided in the IndustryARC report, North America occupies a large share that is about 25% among all regions in the global enterprise software market.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://www.industryarc.com/support.php?id=15404

Related Reports:

A. On-premise Enterprise Application Software Market

https://www.industryarc.com/Research/On-premise-Enterprise-Application-Software-Market-Research-502773

B. Risk Management Software Market

https://www.industryarc.com/Report/18635/risk-management-software-market.html

About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

Media Contact:
Mr. Venkat Reddy
Sales Manager
Email: [email protected]
Contact Sales: +1-614-588-8538

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