Enterprise Application Market Growth, Demand and Challenges of the Key Industry Players 2027

Author: Elena Anderson

Marketing Manager

Report DescriptionAbout IMARC Group

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Global Enterprise Application Market Research Report 2022-2027:

According to the latest report by IMARC Group, titled " Enterprise Application Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forec ast 2022-2027

," the global enterprise application market reached a value of US$ 249.9 Billion in 2021.

Enterprise applications refer to software platforms that are mainly used to facilitate coordination and cooperation of work across the organization. They integrate core business processes, including accounting, sales, finance, inventory, human resources and manufacturing, that help an enterprise in a data-centric decision-making process. Its implementation enables real-time and accurate business information flow across businesses.

The demand for enterprise applications is increasing across the globe due to their several benefits, such as standardized business processes, automation of workflow, balanced financial structure, easy tracking of supply chain process and easy accessibility to data archives in a cost-efficient manner.

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Global Enterprise Application Market Trends:

The global market is primarily driven by significant growth in the information technology (IT) sector. Along with this, rapid digitization across the globe has encouraged leading players to heavily invest in the deployment of these solutions. Additionally, the emergence of consulting services among organizations on the global level is providing a boost to the demand for enterprise applications. Moreover, continuous technological advancements and the integration of the internet of things (IoT), artificial intelligence (AI) and machine learning (ML) with these systems are providing an impetus to the market growth. Furthermore, the rapid outbreak of coronavirus disease (COVID-19) and the rising adoption of work-from-home models are considered to be major growth-inducing factors. Other factors, including rapid urbanization, geographic expansion of businesses, intensive business competition, continuous innovation in the software solution, the widespread utilization of connected devices across enterprises and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market.

Looking forward, IMARC Group expects the market to reach a value of US$ 403.9 Billion by 2027, exhibiting at a CAGR of 8.24% during 2022-2027.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/enterprise-application-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Solution:

• Customer Relationship Management

• Enterprise Resource Planning

• Supply Chain Management

• Analytics and Business Intelligence

• Human Capital Management

• Productivity Tools

• Others

Breakup by Organization Size:

• Small and Medium Enterprises

• Large Enterprises

Breakup by Deployment Mode:

• On-premises

• Cloud-based

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Breakup by End User:

• BFSI

• Manufacturing and Retail

• Healthcare and Pharmaceuticals

• IT and Telecommunication

• Government

• Others

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• Accenture plc

• Fujitsu Limited

• Infosys Limited

• International Business Machines Corporation

• iTransition Group

• Microsoft Corporation

• Oracle Corporation

• Pegasystems Inc

• Salesforce.com Inc

• SAP SE

• Software AG

• Tata Consultancy Services Limited

1. How has the global enterprise application market performed so far and how will it perform in the coming years?

2. What has been the impact of COVID-19 on the global enterprise application market?

3. What are the key regional markets?

4. What is the breakup of the market based on the solution?

5. What is the breakup of the market based on the organization size?

6. What is the breakup of the market based on the deployment mode?

7. What is the breakup of the market based on the end user?

8. What are the various stages in the value chain of the industry?

9. What are the key driving factors and challenges in the industry?

10. What is the structure of the global enterprise application market and who are the key players?

11. What is the degree of competition in the industry?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/enterprise-application-market/toc

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