Press release
Enterprise Application Market To Witness Significant Growth between 2021-2024 | HP, IBM, SAP AG, QAD, Oracle, Microsoft, IFS AB and Epicor Softwar
Enterprise Application Market
The growing deployment of cloud-based enterprise application software is another factor driving enterprise application industry trends owing to high scalability and cost-benefits associated with it. The enterprise application market encompasses a host of technology providers that are involved in offering innovative solutions to the meet the rising customer demand. The implementation of the product not only improves the service delivery but also simplifies the workflow by offering all in one management solution for different industry verticals.
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The myriad products of enterprise application industry such as web conferencing, BPM, CRM, business intelligence, ERP, EAM, CMS, and SCM can be deployed via cloud and on-premise modes. Having held over 30% of the overall market in 2015, cloud-based enterprise application market is forecast to grow significantly over the next few years. This is primarily due to the incredible benefits offered by this deployment mode, such as excellent monitoring, reduced investment and operational cost, and high potential for disaster recovery. On-premise-based enterprise application, in contrast, will witness a growth of 4.5% over 2016-2014.
The enterprise application market has been gaining immense traction from the manufacturing end-use segment owing to rising need for ERP software. As per reliable reports, the enterprise application market share from the manufacturing sector is presumed to showcase a significant growth rate of over 5% throughout the forecast period.
The IT sector in particular, has been adopting enterprise application solutions on a substantially large scale. For most part, the decision to choose among the many products of enterprise application market depends on the customer requirements. These solutions are also used in the medical sector, in response to which enterprise application industry from the healthcare domain is expected to grow at a CAGR of 8.9% over 2016-2024.
Europe has been witnessing the presence of a rising number of SMEs along with growing inclination toward cloud platform, signaling the regional growth. Several SMEs have been adopting the enterprise applications to control their business processes. As per the data from European Commission, SMEs belonging to EU non-financial sector held two-thirds of the total EU employment in 2016.
Companies operating in enterprise application market include Hewlett-Packard, SAP, Epicor Software, IBM, Oracle, and Microsoft.
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Partial Chapter of the Table of Content
Chapter 4. Enterprise Application Product Insights
4.1. Market share by product, 2015 & 2024
4.2. CRM
4.2.1. Market estimates and forecasts by region, 2013 - 2024
4.3. ERP
4.3.1. Market estimates and forecasts by region, 2013 - 2024
4.4. SCM
4.4.1. Market estimates and forecasts by region, 2013 - 2024
4.5. Web Conferencing
4.5.1. Market estimates and forecasts by region, 2013 - 2024
4.6. BI
4.6.1. Market estimates and forecasts by region, 2013 - 2024
4.7. BPM
4.7.1. Market estimates and forecasts by region, 2013 - 2024
4.8. CMS
4.8.1. Market estimates and forecasts by region, 2013 - 2024
4.9. EAM
4.9.1. Market estimates and forecasts by region, 2013 - 2024
4.10. Others
4.10.1. Market estimates and forecasts by region, 2013 - 2024
Chapter 5. Enterprise Application End-Use Insights
5.1. Enterprise application market share by end-use, 2015 & 2024
5.2. Manufacturing
5.2.1. Market estimates and forecasts by region, 2013 - 2024
5.3. BFSI
5.3.1. Market estimates and forecasts by region, 2013 - 2024
5.4. Healthcare
5.4.1. Market estimates and forecasts by region, 2013 - 2024
5.5. Retail
5.5.1. Market estimates and forecasts by region, 2013 - 2024
5.6. Government
5.6.1. Market estimates and forecasts by region, 2013 - 2024
5.7. Aerospace & defense
5.7.1. Market estimates and forecasts by region, 2013 - 2024
5.8. Telecom & IT
Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/enterprise-application-market
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Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights
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.
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