Biophotonics Market Is Estimated To Reach $91.31 Billion By 2024

The global biophotonics market was valued at USD 34.29 billion in 2015, which is estimated to reach USD 91.31 billion by 2024, according to a new report by Grand View Research, Inc. The developments in optical technologies, increasing investigations by researchers, and mounting demand for early diagnosis are anticipated to drive the market growth over the forecast period. Biophotonics, being an evolving area of scientific research, has several applications due its ability to harnesses light for comprehending the functioning of cells and tissue in living organisms. This further aids in the better diagnosis of health problems.

Asia Pacific Biophotonics Market by Application, 2013 - 2024 (USD Billion)

Biophotonics market is projected to witness a high growth during the forecast period, owing to its application in optical techniques while simultaneously preserving the integrity of the biological cells under surveillance. New laser microscopes are being developed which permit measurements of distinct molecules and tissues at exceptional resolutions.

Biophotonics also finds applications in numerous procedures including new laser microscopes, which allow exceptional specifications of molecules & single tissues, optical coherence tomography that assists in the minute imaging of biomaterials, and novel light-activated chemicals utilized for welding tissues through surgical procedures.

Considering the enormous application areas, it is becoming perplexing for the key market players to commercialize this technology. However, the market is confronted with a slow commercialization rate due to the low acceptance from end-users, price sensitivity, and concerns pertaining to authenticity, quality, and reliability of the products.

Full Research Report On Global Biophotonics Market Analysis:
https://www.grandviewresearch.com/industry-analysis/biophotonics-market

Further key findings from the report suggest:

• The non-medical end-use segment is expected to emerge as the fastest-growing segment over the forecast period. The snowballing demand in the non-medical applications is predicted to offer several growth avenues over the next few years. The usage of biophotonics to examine tissues at macro and micro levels and diagnose diseases effectively is expected to be a key reason for its surging end-use applications.
• The light therapy segment is projected to grow at a CAGR of 14.88% over the forecast period. It accounted for 3.6% of the total market revenue in 2014. This is followed by the surface imaging segment, which is expected to exhibit a high market growth. In addition to this, the market is expected to observe growth with increasing adoption of this technology across various industries, such as biotechnology, therapeutics, agriculture, diagnostics, and life sciences R&D. Other impact rendering applications include environmental monitoring, food analysis, dosimetry, dentistry, and medical imaging utilizing endoscopy and Raman spectroscopy.
• The Asia Pacific biophotonics market is expected to grow at a CAGR exceeding 13% over the next few years. Due to the augmented investment in R&D activities, coupled with the increasing prevalence of cancer, the market is expected to witness a substantial growth. The increasing healthcare expenditure and rising government initiatives are expected to fuel the demand for the regional market.
• The prominent industry participants include IPG Photonics Corp., Idex Corp., Toshiba, Procter & Gamble, Horiba, Precision Photonics Corp. (PPC), Roche, GE, Philips, and Danone. The market is projected to exhibit an aggressive competition in the arena of technological development, leading to the application of biophotonic devices in households.

View more reports of this category by Grand View Research at:
https://www.grandviewresearch.com/industry/technology

Grand View Research has segmented the global biophotonics market on the basis of end-use, application, and region.

Biophotonics End-Use Outlook (Revenue, USD Billion; 2013 - 2024)

• Tests and components
• Medical therapeutics
• Medical diagnostics
• Non-medical application

Biophotonics Application Outlook (Revenue, USD Billion; 2013 - 2024)

• See-Through Imaging
• Microscopy
• Inside Imaging
• Spectro Molecular
• Other Analytics Sensing
• Light Therapy
• Surface Imaging
• Biosensors

Biophotonics Regional Outlook (Revenue, USD Billion; 2013 - 2024)

• North America
• Europe
• Asia Pacific
• RoW

View press release of this research report by Grand View Research:
https://www.grandviewresearch.com/press-release/global-biophotonics-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: www.grandviewresearch.com

Shared Services Center Market Forecast, Share 2012 - 2022 | Grand View Research, Inc.

Over 75,000 shared services centers market are expected to be established globally by 2022, growing at a CAGR of close to 30% from 2015 to 2022, according to a new report by Grand View Research, Inc.

A shared services center (SSC) is a devoted unit that focuses on defined business functions and is structured as a centralized delivery location and point of service. The unit is responsible for specific functions, such as security, purchasing, compliance, legal, IT, payroll, HR, and accounting.

Asia Pacific shared services center market by end-use, 2012-2022, (units)

The growth prospects for this market are bullish due to increased needs for reducing costs and improving the quality of delivered services. Resourceful implementation of SSC in operational stages yields greater operational efficiency and cost reduction, while enhancing productivity. Deployment of SSC framework helps companies to focus on enhancing operations.

Availability of skilled low cost labor, tax relaxation and favorable government initiatives in select geographies such as India, China, Latin America, and some parts of Eastern Europe are envisioned to drive industry growth.

However, the complexity associated with the implementation of such a framework is presumed to challenge industry growth, as it involves the assigned tasks to be performed and shared dynamically across the various business units involved. To achieve cost reduction, organizations operate in a low cost location. However, doing so without the standardization of procedures is expected to increase the organization’s inefficiency and is expected to hinder SSC establishments.

Full Research Report On Global Shared Services Center Market Analysis:
https://www.grandviewresearch.com/industry-analysis/shared-services-center-market

Further key findings from the report suggest:

• Poised to witness considerable growth over the next seven years, pharmaceutical & clinical end-use accounted for 11% of the overall market share in 2014. Rapid increase in the need to reinvent traditional pharmaceutical R&D model to continue developing new products cost-effectively and efficiently, and adjust to the industry’s new realities is expected bolster demand over the forecast period.
• Projected to grow at an estimated CAGR of 35% from 2015 to 2022, legal end-use is expected to drive the SSC industry over the forecast period. Over the last few years, emergence of new technologies coupled with the need to reduce costs in the wake of global downturn has significantly forced corporate legal departments and law firms to change their traditional business approach and to adopt shared services and outsourcing associated with the legal profession.
• BFSI end-use accounted for over 20% of the overall revenue in 2014, and is presumed to witness significant growth in the market share over the forecast period, owing to the emerging trend among companies to enhance global presence and customer satisfaction. Availability of huge and highly educated workforce, lower wages, and improved English capabilities in countries across Asia Pacific and Eastern Europe are envisioned to boost industry growth.
• Projected to grow at an estimated CAGR of over 25% from 2015 to 2022, manufacturing end-use is expected to witness healthy growth in the foreseeable future. Organizations consider Asia Pacific as the most attractive market for off-shoring destination owing to the lower wages, higher employment rates, availability of pool of talents, and skilled and educated employees in the region, which are expected to drive industry growth.
• The Asia Pacific regional market is poised for high growth throughout the forecast period. It accounted for close to 30% of the overall market share in 2014. Close-knit cultural homogeneity coupled with low-cost arbitrage has made the Asia Pacific region a preferred destination for SSC establishment.
• The presence of a large number of universities, eventually enabling access to skilled labor force, multi-lingual skills in professionals coupled with cultural similarity to Western Europe is presumed to have driven growth in the European region.

View more reports of this category by Grand View Research at:
https://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software

Grand View Research has segmented the global shared services center market on the basis of end-use and region:

SSC End-Use Outlook (Units, 2012 - 2022)

• Pharmaceutical and clinical
• Legal
• BFSI
• Manufacturing
• Other end-use

SSC Regional Outlook (Units, 2012 - 2022)

• North America
• Europe
• CEE
• Asia Pacific
• Latin America
• MEA 

View press release of this research report by Grand View Research:
https://www.grandviewresearch.com/press-release/global-shared-services-centers-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: www.grandviewresearch.com

Project Portfolio Management Market Size To Grow $8.85 Billion By 2025

The global project portfolio management market is estimated to attain USD 8.85 billion by 2025, according to a new report by Grand View Research, Inc. The growing trend of BYOD, among businesses, is expected to improve employee productivity and real-time project monitoring; thereby, making it feasible to implement project and portfolio management solutions.

Multi-regional businesses are fueling the demand for project and portfolio management solutions to foster effective decision-making and prevent project complexities. The extensive use of project and portfolio management solutions in data analytics, to offer convenient services to customers at low costs, in the BFSI and IT & telecom sectors is anticipated to drive the market growth.

Emerging businesses that adopt cloud-based services, mainly in developing economies such as Asia Pacific, are expected to fuel the growth of project and portfolio management market over the forecast period. Further, facilities, such as low setup costs, improved security, and increased collaboration opportunities, provided by the cloud-based solutions are expected to increase business productivity and overall growth of an organization.

Full Research Report On Global Project Portfolio Management Market Analysis:
https://www.grandviewresearch.com/industry-analysis/project-and-portfolio-management-software-market

Further key findings from the report suggest:

• Increasing complexity in banking operations, due to increased multi-regional operations and outsourcing activities, is anticipated to elevate the demand for PPM solutions in the BFSI application segment
• The BFSI segment dominated the application segment of the project and portfolio market in 2015 and is presumed to grow at a CAGR of 12% over the forecast period
• The new product development segment is estimated to be the fastest-growing solution segment in 2015 and is expected to witness a CAGR of 15% over the forecast period
• Technological advancements in cloud and mobile technologies are anticipated to enable increased investment in the new product development segment for creating applications that can be used on-the-go
• The services segment is further segregated into support & consulting services, integration & deployment, and training & education
• The deployment of cloud-based solutions stimulates easy service delivery, owing to their virtual presence that aids organizations in accessing data, anytime, across connected devices
• The Asia Pacific region is expected to contribute, significantly, to the industry growth, due to the emerging Small and Medium Enterprises (SMEs) and increasing adoption of BYOD. The regional market is predicted to grow at a CAGR of 14% over the next nine years.
• The key industry participants include CA, Inc., Celoxis Technologies Pvt. Ltd., Changepoint Corporation, HP Development Company, L.P., Innotas, Planview Corporation, Planisware, Microsoft, Oracle, and Workfront, Inc., among others 

View more reports of this category by Grand View Research at:
https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global project portfolio market based on solution, platform, deployment, enterprise size, application, and region:

Project Portfolio Management Solution Scope (Revenue, USD Million; 2014 - 2025)

• Information Technology
• New Product Development
• Others

Project Portfolio Management Platform Scope (Revenue, USD Million; 2014 - 2025)

• Software
• Services
• Integration and Deployment
• Support and Consulting
• Training and Education

Project Portfolio Management Deployment Scope (Revenue, USD Million; 2014 - 2025)

• Cloud
• On-premise

Project Portfolio Management Enterprise Size Scope (Revenue, USD Million; 2014 - 2025)

• Small and Medium Enterprises
• Large Enterprises

Project Portfolio Management Application Scope (Revenue, USD Million; 2014 - 2025)

• BFSI
• Government
• Engineering & Construction
• Healthcare
• IT & Telecom
• Others

Project Portfolio Management Regional Scope (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil
• Middle East and Africa

View press release of this research report by Grand View Research:
https://www.grandviewresearch.com/press-release/global-project-portfolio-management-ppm-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: www.grandviewresearch.com

Smart transportation market is estimated to reach a market size of USD 285.12 billion by 2024

The global smart transportation market is estimated to reach a market size of USD 285.12 billion by 2024, according to a new study by Grand View Research, Inc. The growing number of on-road vehicles and the ineffective existing transport infrastructure will drive the need for an efficient management system. Favorable government initiatives toward building a better infrastructure and running the transport system smoothly are expected to boost the industry growth.

Increasing investments in the smart city product is anticipated to open new avenues for growth in the coming years as smart transportation is an integral part of the smart city. The growing government focus to reduce greenhouse gas emission and rising traffic congestion is anticipated to drive the industry growth over next eight years. The growing number of government mandates by the European Union (EU) and Directive on Intelligent Transport System is also anticipated to favor the industry growth over the forecast period.

The requirement of a huge capital for replacing the existing infrastructure with the smart technological advanced system is expected to hinder the industry growth. The long downtime for replacing the existing system may also pose a challenge to its growth and will affect the daily commutation activities.

Full Research Report On Global Smart Transportation Market Analysis:
www.grandviewresearch.com/industry-analysis/smart-transportation-market

Further key findings from the report suggest:

• Key solutions available in the market include the ticketing management system, parking management system, integrated supervision system, and traffic management system. The integrated supervision system is used for reducing traffic blocks, minimizing accidents, and providing better safety measures and holds high growth potential.
• Key services include cloud service, business service, and professional service. The cloud service segment is anticipated to witness a surge in the demand, owing to the requirement for the storage of data generated through these systems.
• Professional service vendors offer consulting services and may witness an increase in the demand over the next eight years, owing to the requirement of services for upgrading the existing infrastructure.
• The North American region accounted for over 27% of the global revenue share in 2015 and Asia Pacific is estimated to be the fastest-growing segment, offering lucrative growth opportunities for the industry players. The increasing concentration of leading vendors for expansion and technological advancement in this region is expected to favor the regional growth over next eight years.
• The European Union (EU) and government initiatives towards enhancing transport infrastructure are also expected to favor the European market growth. The Middle East is anticipated to witness an upsurge in the demand, owing to the increasing government investment in the transport infrastructure.
• Key industry participants include Accenture PLC, Alstom, SA, Cisco System, Inc., Cubic Corporation, General Electric Company (GE), Indra Sistema S.A., International Business Machine (IBM) Corporation, Kapsch, LG CNS Corporation, and Xerox Corporation

View more reports of this category by Grand View Research at:
www.grandviewresearch.com/industry/automotive-and-transportation

Grand View Research has segmented the global smart transportation market on the basis of solution, service and region:

Solution Outlook (Revenue, USD Million; 2014 - 2024)

• Ticketing management system
• Parking management system
• Integrated supervision system
• Traffic management system

Services Outlook (Revenue, USD Million; 2015 - 2024)

• Cloud services
• Business services
• Professional services

Regional Outlook (Revenue, USD Million; 2014 - 2024)

• North America
• Europe
• Asia Pacific
• Rest of the World

View press release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-smart-transportation-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: www.grandviewresearch.com

Mixed Reality Market Is Predicted To Grow Quickly Due To Increasing acceptance in the entertainment industry Till 2024

The global mixed reality market is expected to reach USD 6.86 billion by 2024, according to a new report conducted by Grand View Research, Inc. The surging acceptance in entertainment and automobile & aerospace designing arenas is expected to boost the market growth. The increasing acceptance in the entertainment industry, specifically in gaming and film-making, is further anticipated to bolster the market growth.

The market can be categorized on the basis of application types into automotive & aerospace, medical, entertainment, e-commerce & retail, and others. The e-commerce & retail application segment is expected to grow at a remarkable pace owing to the surging incorporation by e-tailers for goods’ promotion and advertising; for instance, in fashion houses for providing virtual product experiencing, thus delivering an enhanced appeal factor.

North America mixed reality market revenue by application, 2015 - 2024 (USD Million)

The MR technology offers many advantages to the automotive industry, particularly in safety. For instance, Mercedes-Benz vans deploy MR to realize advanced manufacturing facilities in their van technology center through:

            • The overlay of digital crash simulation data on physical crash vehicles
            • The visualization of out-of-position and validation of flexible parts
            • Digital assembly and disassembly simulations with collision testing

Full Research Report On Global Mixed Reality Market Analysis:
www.grandviewresearch.com/industry-analysis/mixed-reality-market

Further key findings from the report suggest:

• The global mixed reality market is estimated to grow significantly over the forecast period due to the advanced technology adoption in numerous industries, leading to reduced costs of production and increased efficiency. The technological superiority of mixed reality in dynamic application arenas of large magnitude is estimated to trigger the demand by 2024.
• The MR technology would become an essential part of the retail industry, which is expected to drive the industry growth over the forecast period. Most of the retailers would use this technology to provide their customers with an interactive experience, which gives their shopping a whole new edge. Retailers can use mixed reality in many ways, such as by including it in interactive promotions; providing accuracy in a buying process; and localizing businesses, deals, and offers.
• North America is anticipated to mature as one of the prominent regional markets, owing to the high adoption in the automotive and aerospace designing industry coupled with the rising R&D spending. Asia Pacific is expected to witness a substantial growth over the forecast period. The surge in the demand across various application arenas is expected to spur the market demand.
• The key industry participants include Magic Leap, META COMPANY, Alphabet Inc., HTC Corporation, Inc., and Microsoft Corporation. Magic Leap, an augmented reality company, offers a technology that projects an image on the retina of the user and allows interaction between the fictional characters and the real world.

View more reports of this category by Grand View Research at:
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global mixed reality market on the basis of component type, application type, and region:

Mixed Reality Component Type Outlook (Revenue, USD Million, 2015 - 2024)

• Hardware
• Software

Mixed Reality Application Type Outlook (Revenue, USD Million, 2015 - 2024)

• Automotive & Aerospace
• Medical
• Entertainment
• E-commerce & Retail
• Others

Mixed Reality Regional Outlook (Revenue, USD Million, 2015 - 2024)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• South America
• Brazil
• Middle East & Africa

View press release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-mixed-reality-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: www.grandviewresearch.com

3D Animation Market To Be Fuelled By Rising Demand In media & entertainment industry Till 2025

The global 3D animation market is expected to reach USD 28.31 billion by 2025, according to a new report by Grand View Research, Inc. Growing applications of animation in the media & entertainment, healthcare & life sciences, manufacturing, and education & academics industries is expected to drive the market significantly.

The creation of dynamic content and high-end visuals has enabled the biotech, medical devices, and pharmaceutical industries to exploit the benefits of 3D animation. Animation is being used for maximizing sales, as it enables providers to emphasize and focus on the benefits of products and services by delivering an engaging, educational, and entertaining experience to the viewers.

U.S. 3D animation market, by technique, 2014 - 2025 (USD Billion)

The increasing use of 3D animation technologies is expected to influence the end-use industries positively. In case of medical science, 3D animation techniques are one of the most effective ways for communication as they display the human body in a polygonal form, which cannot be replicated using photography, sketch, and two-dimensional illustrations.

Traditionally concentrated in the developed countries, the 3D animation market has paved its way into the emerging countries such as India, China, and the Philippines owing to the increasing trend of outsourcing animation activities to these countries. In 2016, the North American region accounted for the largest revenue share of the 3D animation market. However, the Asia Pacific region is expected to witness robust growth throughout the forecast period.

Full Research Report On Global 3D Animation Market Analysis:
www.grandviewresearch.com/industry-analysis/3d-animation-market

Further key findings from the report suggest:

• The 3D modeling segment is expected to account for the largest revenue share by 2025 and register an estimated CAGR of around 10% over the forecast period
• The visual effects segment was valued at around USD 2.1 billion in 2016, primarily attributed to the increased demand from the media & entertainment industry
• By 2025, the media & entertainment end-use segment is projected to account for around 35% of the total revenue share
• In 2016, the North American region accounted for the largest revenue share and is anticipated to retain its dominance throughout the forecast period
• Asia Pacific is projected to emerge as the fastest growing market since there is a growing emphasis on producing local animated content apart from the outsourced assignments performed by regional firms
• The key players in the industry include Autodesk, Inc., Corel Corporation, Zco Corporation, Adobe Systems Incorporated, NVIDIA Corporation, and NewTek, Inc.

View more reports of this category by Grand View Research at:
www.grandviewresearch.com/industry/digital-media

Grand View Research has segmented the 3D animation market into technique, component, deployment, end-use, and region.

Technique Outlook (Revenue, USD Million; 2014 - 2025)

• 3D Modeling
• Motion Graphics
• 3D Rendering
• Visual Effects

Component Outlook (Revenue, USD Million; 2014 - 2025)

• Hardware
• Software
• Service

Deployment Outlook (Revenue, USD Million; 2014 - 2025)

• On-premise
• On-demand

End-Use Outlook (Revenue, USD Million; 2014 - 2025)

• Media & Entertainment
• Architecture & Construction
• Education & Academics
• Manufacturing
• Healthcare & Lifesciences
• Government & Defense
• Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• Australia
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

View press release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-3d-animation-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: www.grandviewresearch.com

Global Enterprise Application Market Size Worth $259.51 Billion By 2022

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.

Full Research Report On Global Enterprise Application Market Analysis:
www.grandviewresearch.com/industry-analysis/enterprise-application-market

Further key findings from the report 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.

View more reports of this category by Grand View Research at:
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

View press release of this research report by Grand View Research:
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: www.grandviewresearch.com