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Enterprise Application Market Growth Rate, Top Major Players And Strategies Report 2033
Enterprise Application Market Growth
As per the report, the enterprise application market size has grown strongly in recent years. It will grow from $335.4 billion in 2023 to $363.49 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The enterprise application market size is expected to see strong growth in the next few years. It will grow to $507.49 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.
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Proliferation Of E-Commerce Websites Fuels Growth In The Enterprise Application Market
Increasing e-commerce websites are expected to propel the growth of the enterprise application market going forward. E-commerce websites are online platforms that let users buy and sell tangible objects, services, and digital goods through the internet as opposed to at actual stores. An e-commerce website is built with the help of enterprise application software to meet the complex requirements of a large business, so an increase in e-commerce websites will propel the market's growth. For instance, in November 2022, according to the report published by the United States Census Bureau, a US-based producer of data about people and economies, the U.S. retail e-commerce sales for the third quarter of 2022 were estimated to be $265.9 billion, an increase of 3.0 percent over the second quarter of 2022. These sales were adjusted for seasonal fluctuations but not for price changes. The e-commerce forecast for the third quarter of 2022 climbed 10.8% from the third quarter of 2021. Therefore, the increasing number of e-commerce websites is driving the growth of the enterprise application market.
Technological Advancements Reshape The Landscape Of The Enterprise Application Market
Technological advancements are a key trend gaining popularity in the enterprise application market. Major companies operating in the enterprise application market are focused on developing new technological solutions to strengthen their market position. For instance, in November 2022, SAP SE, a Germany-based developer of enterprise software that helps to manage business operations and customer relations, launched the SAP Build, a powerful offering to drive the next wave of business transformation. It is one-of-a-kind that includes a low-code solution enabling business users to secure access to end-to-end processes, context, and data. It helps businesses build enterprise applications, design business sites, and automate processes with minimal technical expertise. It allows users to intelligently monitor, analyze, and automate the processes without moving the data into an external system.
The enterprise application market covered in this report is segmented -
1) By Component: Solution, Service
2) By Deployment Mode: On-premise, Cloud
3) By Type: Business Intelligence, Supply Chain Management, Web Conferencing Collaboration, Customer Relationship Management, Enterprise Resource Planning, Other Types
4) By Enterprise Size: Large Enterprise, Small And Medium Enterprise
5) By End User: BFSI, IT and Telecom, Healthcare, Retail, Government, Manufacturing, Other Users
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Major companies operating in the enterprise application market report are Amazon.com Inc., Google LLC, Microsoft Corporation, Dell Technologies Inc., IBM Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Broadcom Inc., Hewlett Packard Enterprise Co., Saleforce.com Inc., Adobe Inc., VMware Inc., ServiceNow Inc., Workday Inc., Twilio Inc., Atlassian Corporation plc, DocuSign Inc., Okta Inc., Slack Technologies Inc., Dropbox Inc., Epicor Software Corporation, Software AG, TIBCO Software Inc., Zoho Corporation Inc., Qlik Technologies Inc., Infor Inc., IFS AB, QAD Inc., Red Hat Inc.
Contents of the report:
1. Executive Summary
2. Enterprise Application Market Report Structure
3. Enterprise Application Market Trends And Strategies
4. Enterprise Application Market - Macro Economic Scenario
5. Enterprise Application Market Size And Growth
…..
27. Enterprise Application Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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