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
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
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
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
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