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Enterprise Application Market in CMS Segment is Excepted to Exceed USD 8.5 Billion by 2024| Key Participants are IBM, Oracle, , Microsoft, SAP, Epicor Software, IFS, Infor, Hewlett-Packard, and QAD.

Enterprise Application Market

Enterprise Application Market

Technological advancements and digitization is setting high goals for the enterprise application market, which is expected to hit a revenue of USD 287.7 billion by 2024, as per Global Market Insights, Inc. Enterprise application is a highly complex system deployed across corporate bodies to ensure real- time information flow along with smooth business operations.

Growing demand for efficient IT infrastructure, rising internet connectivity, rapid adoption of cloud computing technologies, and growth in smartphones and mobile devices are the vital factors influencing the enterprise application market share worldwide.
CMS market share is estimated to exceed USD 8.5 billion by 2024. Owing to the growing demand for customer engagement management, CRM segment will also witness significant growth over the coming years, accounting for over 25% of the overall enterprise application market share by 2024.

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Enterprise application software is mainly categorized based on their business functions. The three types of products prevalent in enterprise application market are ERP (Enterprise resource planning), CMS (content management system), and CRM (customer relationship management). ERP solutions based enterprise application Industry is witnessing a widened growth horizon owing to its extensive implementation in back-end systems.

A recent sensation observed in the realm of technology is cloud computing. Migration of consumer preference from traditional to cloud interface model is offering lucrative business opportunities for cloud enterprise application. The growing IT connectivity along with increasing emphasis on expenditure optimization is positively impacting the industry share. Cloud-based enterprise application market covered more than 30% of the total volume in 2015.

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Enterprise application market from healthcare sector, in 2015, having had a lump sum revenue of USD 16.5 billion, is slated to show an upswing in the growth curve at a CAGR of 8.9 % over 2016-2024. Driven by the real-time data transparency requirements in retail sector, the market from retail will also witness substantial growth in the years ahead.

Global enterprise application market has completely evolved with time from information to interface orientation with internet explosion and big data emergence. Key players of the market are enormously investing in research activities to enhance the supply value chain. Major industry participants include Oracle, IBM, Epicor Software, Microsoft, and SAP.

Browse Complete Report @ https://www.gminsights.com/industry-analysis/enterprise-application-market

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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