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. Increasing need among organization for single data access
point is anticipated to drive industry growth over the forecast period.
Implementation of enterprise application
solution enables real time data and information flow along with level running
of business process. Use of these solutions enable better customer engagement,
inventory management, quality management and supply chain management.
Increasing IT budget of the companies is expected to favor industry growth over
the next seven years. Availability of open source solution and high maintenance
cost may hinder industry growth over the next seven years.
Browse full report by Grand View
Research :
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 barrier and enable effective communication
across regions. Solution such as Business Process Management (BPM) and Business
Intelligence (BI) enables efficient information processing to facilitate
organizational development. Business Process Management (BPM) offers benefit
such as increased customer satisfaction, improved agility, cost saving, greater
team satisfaction and full transparency of all activities across the
organization. Content Management System (CMS) is anticipated to grow at a CAGR
of around 13% from 2015 to 2022.
·
Healthcare sector is estimated to grow at a
CAGR of over 8.5% from 2015 to 2022. Increasing need for real time data
transparency is anticipated to drive growth over the forecast period.
Industries such as BFSI, healthcare, retail, and telecom adopts these solutions
to enhance customer experience and value proposition..
·
Industry players use on-premise and cloud
delivery models for deployment of the software. Cloud-based solution is
becoming popular among small scale industries owing to budget limitation and
its benefit. In 2014, on-premise cloud solution accounted for around 67% of the
overall revenue share. Pay-per-use model and scalability are the main factor
driving cloud-based solution growth.
·
North America enterprise application market
is estimated to be major regional segment owing to changing organizational
structure and customer centric approach of the companies. Europe enterprise
application market is estimated to grow at CAGR of around 6% over the forecast
period in 2014, and accounted for over 30% of the revenue share. Asia Pacific
enterprise application market is anticipated to witness growth owing to rising
number of start up and presence of large number of small scale industries.
Cloud-based solution may witness increase in demand in the region owing to
popularity of it among small scale industries.
·
The key industry participants include Key
players 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 their
offering. In March 2014, SAP announced the acquisition of Fieldglass, a vendor
management system provider.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/communication-services
Grand View Research has segmented the
enterprise application market on the basis of product, end-use, deployment, and
region:
Enterprise Application Product Outlook (USD Billion, 2012
- 2022)
·
CRM
·
ERP
·
SCM
·
Web Conferencing
·
BI
·
BPM
·
CMS
·
EAM
·
Others
Enterprise Application End-Use Outlook (USD Billion, 2012
- 2022)
·
Manufacturing
·
BFSI
·
Healthcare
·
Retail
·
Government
·
Aerospace & defense
·
Telecom & IT
·
Others
Enterprise Application Deployment Outlook (USD Billion,
2012 - 2022)
·
On-premise
·
Cloud
Enterprise Appliances Regional Outlook (USD Billion,
2012 - 2022)
·
North America
·
Europe
·
Asia Pacific
·
RoW
Access press release
by Grand View Research : https://www.grandviewresearch.com/press-release/global-enterprise-application-market
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
http://www.grandviewresearch.com
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