The Enterprise Application Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Enterprise Application Global Market Report 2024, The enterprise application market size has grown strongly in recent years. It will grow from $335.4 billion in 2023 to $363.49 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to business process optimization, legacy system upgrades, market competition, regulatory compliance, globalization.
The enterprise application market size is expected to see strong growth in the next few years. It will grow to $507.49 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to digital transformation initiatives, data security concerns, remote work trends, scalability requirements, customer experience enhancement. Major trends in the forecast period include low-code and no-code development platforms, blockchain integration for security and transparency, remote collaboration and communication tools, predictive analytics for business insights, industry-specific customization.
Increasing e-commerce websites are expected to propel the growth of the enterprise application market going forward. E-commerce websites are online platforms that let users buy and sell tangible objects, services, and digital goods through the internet as opposed to at actual stores. An e-commerce website is built with the help of enterprise application software to meet the complex requirements of a large business, so an increase in e-commerce websites will propel the market's growth. For instance, in November 2022, according to the report published by the United States Census Bureau, a US-based producer of data about people and economies, the U.S. retail e-commerce sales for the third quarter of 2022 were estimated to be $265.9 billion, an increase of 3.0 percent over the second quarter of 2022. These sales were adjusted for seasonal fluctuations but not for price changes. The e-commerce forecast for the third quarter of 2022 climbed 10.8% from the third quarter of 2021. Therefore, the increasing number of e-commerce websites is driving the growth of the enterprise application market.
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The enterprise application market covered in this report is segmented –
1) By Component: Solution, Service
2) By Deployment Mode: On-premise, Cloud
3) By Type: Business Intelligence, Supply Chain Management, Web Conferencing Collaboration, Customer Relationship Management, Enterprise Resource Planning, Other Types
4) By Enterprise Size: Large Enterprise, Small And Medium Enterprise
5) By End User: BFSI, IT and Telecom, Healthcare, Retail, Government, Manufacturing, Other Users
Major companies operating in the enterprise application market are increasing their focus on introducing automated management applications to gain a competitive edge in the market. Automated management applications are software systems designed to streamline and optimize various managerial tasks and processes within an organization. For instance, in November 2023, Microsoft Corporation, a US-based technology company, developed Intune Enterprise App Management, which streamlines and consolidates the application update process by providing a comprehensive view of all apps that require an update. It enables IT and security operation teams to simplify the lifecycle of managing first-party and third-party applications with a secure, prepackaged catalog of apps. Some of the benefits of app management in Microsoft Intune include data protection, a wide range of app support, access control, app configuration and updates, and app management on personal devices.
The enterprise application market report table of contents includes:
1. Executive Summary
2. Enterprise Application Market Characteristics
3. Enterprise Application Market Trends And Strategies
4. Enterprise Application Market - Macro Economic Scenario
5. Global Enterprise Application Market Size and Growth
.......................
31. Enterprise Application Market Other Major And Innovative Companies
32. Global Enterprise Application Market Competitive Benchmarking
33. Global Enterprise Application Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Enterprise Application Market
35. Enterprise Application Market Future Outlook and Potential Analysis
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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 regionsBusiness 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 organizationThe healthcare sector is estimated to exhibit a CAGR of over 9.0% from 2015 to 2022.
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".
