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., registering a 7.8% CAGR during the forecast period. Increasing
need among organizations for single data access point is anticipated to drive
industry growth over the forecast period.
Implementation
of enterprise application solutions enables real-time data and information flow
along with level running of business process. Use of these solutions enables
better customer engagement, inventory management, quality management, and
supply chain management. Increasing IT budgets of companies is expected to
favor industry growth over the next few years. However, availability of open
source solutions and high maintenance costs may hinder industry growth.
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 barriers and
enable effective communication across regions
- Business Process
Management (BPM) offers benefits such as increased customer satisfaction,
improved agility, cost saving, greater team satisfaction, and full
transparency of all activities across the organization
- The healthcare sector is
estimated to exhibit a CAGR of over 9.0% from 2015 to 2022. Increasing
need for real-time data transparency is anticipated to drive growth over
the forecast period
- In 2014, on-premise
solutions accounted for around 67.0% of the overall revenue. However,
cloud-based solutions are becoming popular among small-scale companies
owing to budget limitations and the many benefits this platform offers
- The North America market
is estimated to be a major regional segment owing to changing
organizational structure and customer-centric approach of companies in the
region
- Europe is estimated to
exhibit a CAGR of around 6.0% over the forecast period; Asia Pacific is
also anticipated to witness strong growth owing to rising number of
start-ups and presence of large number of small-scale industries
- Key industry participants
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 its offerings. In
March 2014, the company 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/emerging-and-next-generation-technologies
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the enterprise application market
report on the basis of product, end use, deployment, and region:
Enterprise
Application Product Outlook (Revenue, USD Billion, 2012 - 2022)
- CRM
- ERP
- SCM
- Web
Conferencing
- BI
- BPM
- CMS
- EAM
- Others
Enterprise
Application End-use Outlook (Revenue, USD Billion, 2012 - 2022)
- Manufacturing
- BFSI
- Healthcare
- Retail
- Government
- Aerospace
& Defense
- Telecom
& IT
- Others
Enterprise
Application Deployment Outlook (Revenue, USD Billion, 2012 - 2022)
- On-premise
- Cloud
Enterprise
Application Regional Outlook (Revenue, 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.
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