Enterprise Application Market

Enterprise Application Market by Deployment (Cloud and On-premise), Products (EAM, BPM, Web Conferencing, ERP, CMS, BI, SCM, CRM, and Others), End-users (Telecom & IT, Retail, BFSI, Aerospace & Defense, Healthcare, Government, and Other), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-2970
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 3
  • No. Of Pages: 233
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The global enterprise application market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the implementation of these solutions, which enables real-time and accurate business information flow between every sector in enterprise.

Enterprise Application Market Key Takeaways

Enterprise application solutions are made up from secondary markets, such as customer relationship management (CRM), software configuration management (SCM), supply chain management (SCM), enterprise resource management (ERM), business process management (BPM), and other such solutions. These solutions helps enterprises in tracking manufacture from procurement to distribution to the end-user and help in handling finance and each of these secondary markets have multiple other functional domains. They are used to integrate core business processes on a single server architecture in real-time. These solutions are deployed in organizations to automate business processes with enormous amount of complex data, associate enterprises with suppliers, and customers across the globe.

The COVID-19 pandemic outbreak has considerable impact on the market. During pandemic, lockdown imposed by government bodies across the globe resulted in temporary shutdown of business, which hampered the demand of enterprise application solutions. However, organizations are deploying cloud-based enterprise application solutions to support remote working.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing adoption of enterprise application solution by start-ups is one of the key factor driving the market growth.
  • Emerging penetration of mobile devices and remote access is projected to drive the market expansion during the forecast period.
  • Rising accessibility and easy availability of open source solution acts as a major challenge that can restrict the market growth in the coming years.
  • Escalating maintenance cost can hamper the market growth during the projected timeline.
  • Integrating big data, artificial intelligence, and internet of things technology with these solutions is projected to create significant growth opportunities for the market.

Scope of the Report

The report on the global enterprise application market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report

Attributes

Details

Report Title

Enterprise Application Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Deployment (Cloud and On-premise), Products (EAM, BPM, Web Conferencing, ERP, CMS, BI, SCM, CRM, and Others), and End-users (Telecom & IT, Retail, BFSI, Aerospace & Defense, Healthcare, Government, and Other)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Microsoft Corp.; IBM Corp.; SAP SE Corp.; Infor; Oracle Corp.; Hewlett Packard Enterprise (HP); QAD Inc.; Epicor Software Corp.; and IFS AB

Market Segment Insights

Rising implementation by IT sector increases the cloud segment market share

Based on deployment, the market is bifurcated into cloud and on-premise. The cloud segment is estimated to account for a significant market share during the forecast period attributed to the rising implementation of cloud-based solutions by telecom & IT sector during pandemic. Additionally, cloud-based solutions are cost effective and helps in integration of various applications, facilitate new, and expanded channels, is major driver of the segment. On the other hand, the on-premise segment is anticipated to grow at a high CAGR during the projected period owing to security issues associated with the cloud-based solutions.

BI segment is estimated to expand at robust growth rate

On the basis of products, the global enterprise application market is divided into EAM, BPM, web conferencing, ERP, CMS (Content Management System), BI (Business Intelligence), SCM, CRM, and Others. The BI segment is estimated to expand at robust growth rate during the forecast period due to these solution provide better efficiency, up-selling opportunities, recognize cross-selling, and customer behavior insights. However, the CMS segment is projected to expand at a considerable CAGR during the forecast period attributed to the boost in demand for website content management.

Patient-centric healthcare solutions drive the healthcare segment

Based on end-users, the market is fragmented into telecom & IT, retail, BFSI, aerospace & defense, healthcare, government, and other. The healthcare segment is expected to grow at a rapid pace during the forecast period due to rising demand for real-time data transparency, which gives patient-centric healthcare solutions. Moreover, key players are offering cost effective solutions to healthcare sector for patient’s safety, which is driving the segment growth further. On the other hand, the retail segment is anticipated to expand at a substantial CAGR in the coming years owing to increases adoption of enterprise application solutions for enhancing customer experience.

Enterprise Application Market By End Users

North America is anticipated to constitute a key market share

In terms of region, the global enterprise application market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to shifting business models with an additional customer-centric approach and concentration of enterprises in the region on decreasing operational cost. However, the Asia Pacific market is anticipated to grow at a rapid pace during the forecast period due to the increasing implementation of enterprise application solutions by small & medium enterprises in the region.

Enterprise Application Market By Regions

Segments

The global enterprise application market has been segmented on the basis of

Deployment

  • Cloud
  • On-premise

Products

  • EAM
  • BPM
  • Web Conferencing
  • ERP
  • CMS
  • BI
  • SCM
  • CRM
  • Others

End-users

  • Telecom & IT
  • Retail
  • BFSI
  • Aerospace & Defense
  • Healthcare
  • Government
  • Other

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Microsoft Corp.
  • IBM Corp.
  • SAP SE Corp.
  • Infor
  • Oracle Corp.
  • Hewlett Packard Enterprise (HP)
  • QAD Inc.
  • Epicor Software Corp.
  • IFS AB

Competitive Landscape

Key players competing in the global enterprise application market are Microsoft Corp.; IBM Corp.; SAP SE Corp.; Infor; Oracle Corp.; Hewlett Packard Enterprise (HP); QAD Inc.; Epicor Software Corp.; and IFS AB

Companies are focusing on cloud-based enterprise application solutions deployment for remote working. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

For instance, in August 2019, TwoConnect the U.S based integrated software and data Soloutions Company, announced the accessibility of its BizTalk Upgrade/Migrate to Azure Cloud 3-Day PoC migration consulting service offered to the Microsoft Azure Marketplace. With these integration, TwoConnect clients can take benefit of the security of Azure, scalability, and high availability with streamlined management and deployment.

Enterprise Application Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Enterprise Application Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Enterprise Application Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Enterprise Application Market - Supply Chain
  4.5. Global Enterprise Application Market Forecast
     4.5.1. Enterprise Application Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Enterprise Application Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Enterprise Application Market Absolute $ Opportunity
5. Global Enterprise Application Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Enterprise Application Market Size and Volume Forecast by End Users
     5.3.1. Telecom & IT Retail BFSI Aerospace & Defense Healthcare Government  
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Enterprise Application Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Enterprise Application Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Enterprise Application Demand Share Forecast, 2019-2026
7. North America Enterprise Application Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Enterprise Application Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Enterprise Application Market Size and Volume Forecast by End Users
     7.4.1. Telecom & IT Retail BFSI Aerospace & Defense Healthcare Government  
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Enterprise Application Demand Share Forecast, 2019-2026
8. Latin America Enterprise Application Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Enterprise Application Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Enterprise Application Market Size and Volume Forecast by End Users
     8.4.1. Telecom & IT Retail BFSI Aerospace & Defense Healthcare Government  
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Enterprise Application Demand Share Forecast, 2019-2026
9. Europe Enterprise Application Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Enterprise Application Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Enterprise Application Market Size and Volume Forecast by End Users
     9.4.1. Telecom & IT Retail BFSI Aerospace & Defense Healthcare Government  
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Enterprise Application Demand Share Forecast, 2019-2026
10. Asia Pacific Enterprise Application Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Enterprise Application Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Enterprise Application Market Size and Volume Forecast by End Users
     10.4.1. Telecom & IT Retail BFSI Aerospace & Defense Healthcare Government  
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Enterprise Application Demand Share Forecast, 2019-2026
11. Middle East & Africa Enterprise Application Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Enterprise Application Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Enterprise Application Market Size and Volume Forecast by End Users
     11.4.1. Telecom & IT Retail BFSI Aerospace & Defense Healthcare Government  
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Enterprise Application Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Enterprise Application Market: Market Share Analysis
  12.2. Enterprise Application Distributors and Customers
  12.3. Enterprise Application Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Microsoft Corp. IBM Corp. SAP SE Corp. Infor Oracle Corp. Hewlett Packard Enterprise (HP)  

The global enterprise application market has been segmented on the basis of

Deployment

  • Cloud
  • On-premise

Products

  • EAM
  • BPM
  • Web Conferencing
  • ERP
  • CMS
  • BI
  • SCM
  • CRM
  • Others

End-users

  • Telecom & IT
  • Retail
  • BFSI
  • Aerospace & Defense
  • Healthcare
  • Government
  • Other

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Microsoft Corp.
  • IBM Corp.
  • SAP SE Corp.
  • Infor
  • Oracle Corp.
  • Hewlett Packard Enterprise (HP)
  • QAD Inc.
  • Epicor Software Corp.
  • IFS AB

Key players competing in the global enterprise application market are Microsoft Corp.; IBM Corp.; SAP SE Corp.; Infor; Oracle Corp.; Hewlett Packard Enterprise (HP); QAD Inc.; Epicor Software Corp.; and IFS AB

Companies are focusing on cloud-based enterprise application solutions deployment for remote working. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

For instance, in August 2019, TwoConnect the U.S based integrated software and data Soloutions Company, announced the accessibility of its BizTalk Upgrade/Migrate to Azure Cloud 3-Day PoC migration consulting service offered to the Microsoft Azure Marketplace. With these integration, TwoConnect clients can take benefit of the security of Azure, scalability, and high availability with streamlined management and deployment.

Enterprise Application Market By Key Players

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