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.
Browse full research report on Enterprise Application Market: https://www.grandviewresearch.com/industry-analysis/enterprise-application-market
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
- 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.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the enterprise application market
report on the basis of product, end use, deployment, and region:
Enterprise Application Product Outlook (Revenue, USD
Billion, 2012 - 2022)
- CRM
- ERP
- SCM
- Web Conferencing
- BI
- BPM
- CMS
- EAM
- Others
Enterprise Application End-use Outlook (Revenue, USD
Billion, 2012 - 2022)
- Manufacturing
- BFSI
- Healthcare
- Retail
- Government
- Aerospace & Defense
- Telecom & IT
- Others
Enterprise Application Deployment Outlook (Revenue,
USD Billion, 2012 - 2022)
- On-premise
- Cloud
Enterprise Application Regional Outlook (Revenue, USD
Billion, 2012 - 2022)
- North America
- Europe
- Asia Pacific
- RoW
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.
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