Enterprise Application Market Size May See A Big Move | Oracle, IBM Corp, Microsoft SAP

Enterprise application are software designed to meet the unique needs and objectives of the organizations. It includes applications such as CRM, ERP, SCM, BI, BPM, CMS, and EAM etc. Traditionally, enterprise applications were designed and developed specifically for back-office transactional activities such as accounting, production and inventory control and order management etc.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

However, in today's business context, the role of enterprise application is changing from back-office activities to business process improvement. Enterprise application is gaining importance as companies look to enhance their internal processes and systems by quickly responding to the challenges such as high cost and lead time incurred during business process. Adoption of enterprise applications enables easy flow of business information within or outside of organization. To gain competitive advantages such as customer interaction and integration of business functionality, most of the enterprises are implementing enterprise applications.

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Furthermore, emerging trends of cloud and increased access via mobile device are propelling the market growth. High cost and availability of open source applications in the market are the major challenges for market growth. Rapid changes in business model, geographic expansion of businesses and increasing penetration of cloud technology would open numerous opportunities for the market.

The market is segmented on the basis of the solutions, delivery model, verticals and geography. The solutions segment includes CRM, ERP, SCM, BI, BPM, CMS, EAM, Web conferencing and others. Among all solutions, CRM is becoming popular as it useful to manage interaction with customers and employees. Delivery model segment is further classified into on-premise and cloud based models. The vertical segment includes Manufacturing & Services, BFSI, healthcare, retail, government, aerospace and defense, telecom and others. The market is addressed in various geographical regions such as North America, Europe, Asia-Pacific and LAMEA in order to gain the competitive insights.

KEY BENEFITS

Key developmental strategies adopted by top market players engaged in this business highlight competitive intelligence
Porters Five Forces model and SWOT analysis of key market players are provided to illustrate the effectiveness of market buyers and suppliers
Value chain analysis in this report provides a clear understanding of the stakeholders roles involved in the value chain
In depth analysis of key market drivers, restraints and opportunities of enterprise application market with impact analysis
Quantitative analysis of the current market and estimations through 2013-2020 are provided to highlight the ongoing and future trends of the market

KEY PLAYERS

Oracle
IBM Corp.
Microsoft Corp.
SAP
HP
QAD Inc.
IFS AB
Epicor software Corp.
Infor
Salesforce Inc.

KEY MARKET SEGMENTS
The market is segmented on the basis of solution, delivery model, verticals and geography.

GLOBAL ENTERPRISE APPLICATION MARKET BY SOLUTION

CRM
ERP
SCM
BI
BPM
CMS
EAM
Web conferencing
Others

GLOBAL ENTERPRISE APPLICATION MARKET BY DELIVERY MODEL

On-premise
Cloud enabled

GLOBAL ENTERPRISE APPLICATION MARKET BY VERTICALS

Manufacturing & Services
BFSI
Healthcare
Retail
Government
Aerospace and defense
Telecom
Others

GLOBAL ENTERPRISE APPLICATION MARKET BY GEOGRAPHY

North America
Europe
Asia Pacific
LAMEA

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