Enterprise Platform Market cover

Enterprise Platform Market by Applications (Enterprise Infrastructure Management, Security Solution, Remote Monitoring System, Mobile Workforce Management, Asset Performance Management, Real-time Collaboration, Streaming Analytics, Data Management, Network Management, and Customer Experience Management), End-users (BFSI, IT & Telecom, Aerospace & Defense, Retail, Manufacturing, Healthcare, and Others), 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: FB-3305
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 5
  • No. Of Pages: 194
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The global enterprise platform market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the increasing penetration of cloud applications in enterprises and the rising adoption of customer relationship management (CRM) and enterprise resource planning (ERP).

Enterprise Platform Market  summary

Enterprise platform is a collection of tools and technologies that are used as a base upon which other applications, technologies or process are developed. The platform helps enterprises in tracking manufacture from procurement to distribution to the end-user and help in handling finance with multiple other functional domains. This application offer various benefits to enterprise, in terms of  maintenance, installation, customization, operations, upgrade, and replacement of enterprise software platforms across CRM systems, supply chain management, billing, unified communications, ERP, and HR management. Platform service helps in improving the customer experience with high performing applications and provides advanced solution to companies for optimization of the internal business process.

The COVID-19 pandemic outbreak had positive impact on the market. During the pandemic, lockdown imposed by government bodies across the globe resulted surge in online banking, which resulted in increased adoption of enterprise application software for different applications, such as customer requirement optimization and customer retention. Additionally, this application is highly adopted by healthcare vertical during the pandemic to apply customer requirement analysis and to track customer orders in the pharmaceutical sector.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing adoption of enterprise platform by start-ups and small & medium enterprises is one of the key factor driving the market growth.
  • Growing automation and adoption of cloud-based mobile application across end-users is projected to drive the market expansion during the forecast period.
  • Rising accessibility and easy availability of open source application 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 the platform application is projected to create significant growth opportunities for the market.

Scope of the Report

The report on the global enterprise platform 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 Platform Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Enterprise Infrastructure Management, Security Solution, Remote Monitoring System, Mobile Workforce Management, Asset Performance Management, Real-time Collaboration, Streaming Analytics, Data Management, Network Management, and Customer Experience Management) and End-users (BFSI, IT & Telecom, Aerospace & Defense, Retail, Manufacturing, Healthcare, and Others)

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

Kaltura, Inc.; TigerConnect, Inc.; IBM Corp.; Salesforce.com, Inc.; Unify; SAP SE; and Voxeo Corp.

Market Segment Insights

Improved efficiency drives the remote monitoring system segment

Based on applications, the global enterprise platform market is divided into enterprise infrastructure management, security solution, remote monitoring system, mobile workforce management, asset performance management, real-time collaboration, streaming analytics, data management, network management, and customer experience management. The remote monitoring system segment is expected to grow at a rapid pace during the forecast period due to this application provides valuable data insights to the organization in the form of graphs and tables for better visualization and understanding. Furthermore, the segment growth is further accelerated as the application improves the efficiency of employees and helps in proactive maintenance. However, the mobile workforce management segment is anticipated to expand at a substantial CAGR in the coming years owing to the benefits offered by it, such as improved visibility, reduced cost, ease of communication, and enhanced customer experience.

Enterprise Platform Market  application

Healthcare segment to register high CACR

On the basis of end-users, the market is segmented into BFSI, IT & telecom, aerospace & defense, retail, manufacturing, healthcare, and others. The healthcare segment is anticipated to register a high CAGR in the projected timeline owing to rising demand for real-time data transparency, which gives patient-centric healthcare solutions. Moreover, key players are offering cost effective services to healthcare sector for patient’s safety, which is driving the segment growth further. On the other hand, the retail segment is anticipated to grow at robust growth rate in the near future attributed to the increases adoption of enterprise platform applications for enhancing customer experience.

North America to constitute a key market share

In terms of region, the global enterprise platform 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 the increasing adoption of advanced enterprise platform application and tools by organizations to utilize resources and for implementation of improved strategies for business expansion in the region.  However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the rising investment by key market players in platform application to increasing their revenue by decreasing operational cost.

Enterprise Platform Market region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Enterprise Platform 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 Platform Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Enterprise Platform Market - Supply Chain
  4.5. Global Enterprise Platform Market Forecast
     4.5.1. Enterprise Platform Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Enterprise Platform Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Enterprise Platform Market Absolute $ Opportunity
5. Global Enterprise Platform Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Enterprise Platform Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Enterprise Platform Demand Share Forecast, 2019-2026
6. North America Enterprise Platform Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Enterprise Platform Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Enterprise Platform Demand Share Forecast, 2019-2026
7. Latin America Enterprise Platform 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
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Enterprise Platform Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Enterprise Platform Demand Share Forecast, 2019-2026
8. Europe Enterprise Platform 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. Europe Average Pricing Analysis
  8.2. Europe Enterprise Platform Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Enterprise Platform Demand Share Forecast, 2019-2026
9. Asia Pacific Enterprise Platform 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. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Enterprise Platform Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Enterprise Platform Demand Share Forecast, 2019-2026
10. Middle East & Africa Enterprise Platform 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. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Enterprise Platform Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Enterprise Platform Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Enterprise Platform Market: Market Share Analysis
  11.2. Enterprise Platform Distributors and Customers
  11.3. Enterprise Platform Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Kaltura, Inc.
     11.4.2. TigerConnect, Inc.
     11.4.3. IBM Corp.
     11.4.4. Salesforce.com, Inc.
     11.4.5. Unify
     11.4.6. SAP SE
     11.4.7. Voxeo Corp.

Segments Covered in the Report

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

Applications

  • Enterprise Infrastructure Management
  • Security Solution
  • Remote Monitoring System
  • Mobile Workforce Management
  • Asset Performance Management
  • Real-time Collaboration
  • Streaming Analytics
  • Data Management
  • Network Management
  • Customer Experience Management

End-users

  • BFSI
  • IT & Telecom
  • Aerospace & Defense
  • Retail
  • Manufacturing
  • Healthcare
  • Others

Regions

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

Key Players

  • Kaltura, Inc.
  • TigerConnect, Inc.
  • IBM Corp.
  • Salesforce.com, Inc.
  • Unify
  • SAP SE
  • Voxeo Corp.

Key players competing in the global enterprise platform market are Kaltura, Inc.; TigerConnect, Inc.; IBM Corp.; Salesforce.com, Inc.; Unify; SAP SE; and Voxeo Corp. Companies are focusing on cloud-based enterprise application solutions deployment for remote working to maintain their competitive position in the market. Furthermore, companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

Enterprise Platform Market  keyplayers

For instance, in March 2017, Salesforce a cloud-based software company announced a partnership with IBM Corporation to integrate their respective Artificial intelligence (AI) platform and deliver an enhanced consumer service experience. IBM’s cognitive computing technology and Salesforce’s in-house AI platform Einstein and platform Watson will collaborate to deliver AI-driven recommendations for future actions by companies.

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