Enterprise Software Market

Enterprise Software Market by End-uses (Cloud Service Providers, Retail, BFSI, Enterprises, Government, Healthcare and Life Sciences and Telecommunication Service Providers), Solutions (SDN Switching, Cloud Virtualization, and SDN Controllers), 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-526
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 176
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The global enterprise software market size is projected to expand at a substantial CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the rapid technological advancements in the small and medium sized businesses (SMEs).

Enterprise software helps to gain easy and quick access to the unstructured database. This software aids in improving the efficiency and productivity. It is used across several industry verticals for a number of business operations, including business intelligence, human resources, customer relationship management, manufacturing, planning, sales & services, material and inventory management, finance, and marketing.

Enterprise Software Market Key Takeaways

Industry players are heavily investing on upgrading core functionalities of enterprise application software. They are especially focusing on replacing and modernizing office and business applications. Increasing need to gather, manage, analyze, and utilize big data has increased the adoption of enterprise software across the globe. According to a survey by the US Small Business Administration, in the year 2019, there were 30.7 Million SMEs in the country. The increase in the number is expected to create a huge opportunity for industry players, as SMEs are increasingly using enterprise software to reduce costs and improve profitability.

Market Drivers, Restraints, Trends, and Opportunities

  • The emergence of novel software services and ongoing technological innovation and advancement in software such as supply chain management (SCM) and customer relationship management (CRM) are anticipated to spur the market growth.
  • Increasing number of enterprises are expected to boost the market growth during the forecast period.
  • Rising number of technology-focused projects and growing IT budgets in organizations are expected to positively impact the enterprise software market during the forecast period.
  • The significant shift of companies toward improving data portability and business standards is enhancing the focus on data-centric solutions, which is anticipated to foster the market growth.
  • Rising need for mobility and growing proliferation of cloud-based services are estimated to positively impact the growth of the market.
  • Growing network complexity can encourage industry players to come up with innovative solutions, which is expected to boost the market growth.
  • Enterprise software solutions offer flexibility by helping companies to cater their data security needs. This factor is expected to stimulate the market growth.
  • Growing security concerns can restrain the market growth during the forecast period.
  • The emergence of COVID-19 pandemic has led to disruption in supply chain activities owing to the trade restrictions and infrastructural and communication hurdles. However, the market is anticipated to recover soon.
  • Lack of standardization is expected to hamper the market growth during the forecast period.
  • Increasing investments by big tech companies owing to modernization and consolidation of the IT infrastructure is projected to positively impact the enterprise software market during the forecast period.

Scope of the Report

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

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

End-uses (Cloud Service Providers, Retail, BFSI, Enterprises, Government, Healthcare and Life Sciences, and Telecommunication Service Providers) and Solutions (SDN Switching, Cloud Virtualization and SDN Controllers)

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

Oracle, SAP, Red Hat, Mentor Graphics, Symantec, Microsoft, and IBM.


Global Enterprise Software Market Segment Insights

BFSI segment expected to represent a considerable market share.
On the basis of end-uses, the market is bifurcated by cloud service providers, retail, BFSI, enterprises, government, healthcare and life sciences, and telecommunication service providers. The BFSI segment is expected to represent a considerable market share during the forecast period. Growing investment by the BFSI sector in IT infrastructure is driving the segment growth. Conversely, the government segment is projected to expand at a robust CAGR increasing security concerns regarding the data.

Cloud virtualization segment to constitute a significant market share.
Based on solutions, the market is segmented into SDN switching, cloud virtualization, and SDN controllers. The cloud virtualization segment is projected to constitute a significant market share during the forecast period. Organizations are adopting cloud virtualization solutions to optimize their supply chain and increase their profitability. The presence of hyper-scale data centers and rising demand for cloud-based enterprise solutions in emerging economies are key factors driving the segment growth.

Enterprise Software Market By Solutions

North America to account a large market share.
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is estimated to account for a large market share owing to increasing trend of big data analytics coupled with growing demand for cloud computing. Furthermore, the early adoption of enterprise software models such as software as a service (SaaS) and infrastructure as a service (IaaS) is driving the regional market growth.

The Asia Pacific market is projected to expand at a healthy CAGR during the forecast period. Increasing demand for business analytics and rising need for business intelligence applications are projected to boost the market growth in this region.

 Enterprise Software Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Enterprise Software 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 Software Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Enterprise Software Market - Supply Chain
  4.5. Global Enterprise Software Market Forecast
     4.5.1. Enterprise Software Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Enterprise Software Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Enterprise Software Market Absolute $ Opportunity
5. Global Enterprise Software 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 Software 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 Software Demand Share Forecast, 2019-2026
6. North America Enterprise Software 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 Software 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 Software Demand Share Forecast, 2019-2026
7. Latin America Enterprise Software 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 Software 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 Software Demand Share Forecast, 2019-2026
8. Europe Enterprise Software 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 Software 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 Software Demand Share Forecast, 2019-2026
9. Asia Pacific Enterprise Software 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 Software 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 Software Demand Share Forecast, 2019-2026
10. Middle East & Africa Enterprise Software 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 Software 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 Software Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Enterprise Software Market: Market Share Analysis
  11.2. Enterprise Software Distributors and Customers
  11.3. Enterprise Software Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Oracle
     11.4.2. SAP
     11.4.3. Red Hat
     11.4.4. Mentor Graphics
     11.4.5. Symantec
     11.4.6. Microsoft
     11.4.7. IBM
Segments Covered in the Report
The global enterprise software has been segmented on the basis of

End-uses
  • Cloud Service Providers
  • Retail
  • BFSI
  • Enterprises
  • Government
  • Healthcare
  • Life Sciences
  • Telecommunication Service Providers
Solutions
  • SDN Switching
  • Cloud Virtualization
  • SDN Controllers
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Oracle
  • SAP
  • Red Hat
  • Mentor Graphics
  • Symantec
  • Microsoft
  • IBM

Some of the key players in the global enterprise software market are Oracle, SAP, Red Hat, Mentor Graphics, Symantec, Microsoft and IBM.

The industry participants are highly focusing on various business strategies such as mergers & acquisitions, collaborations, and product development to improve their presence in the global market. For instance, IBM and Microsoft partnered to provide their respective enterprise software on IBM Cloud and Microsoft Azure. Software of IBM such as MQ, Websphere Liberty, DB2 and IBM Pure Application Service are available on Microsoft Azure. While Windows Server and SQL Server are available on the IBM Cloud.

 Enterprise Software Market By Key Players

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