Press release
Enterprise Architecture Management Software Market Set to Reach $1.75 Billion by 2029 with 6.7% Yearly Growth
Enterprise Architecture Management Software Market Size
The market size for enterprise architecture management software has seen robust growth in recent times. The sector is predicted to grow from a worth of $1.26 billion in 2024 to $1.35 billion in 2025, expanding at a compound annual growth rate (CAGR) of 6.9%. Factors contributing to growth during the historical period include the escalating complexity of IT environment, the requirement for enhanced alignment between business and IT, the need to streamline IT expenditure, the obligation to oversee risks and maintain compliance, the increasing preference for cloud computing, the necessity for improved communication and collaboration within the business and IT sector, and the demand for better portfolio management and decision-making.
In the coming years, a substantial expansion is anticipated in the enterprise architecture management software market, with the prediction of it attaining a $1.75 billion value by 2029 at a compound annual growth rate of 6.7%. The expected increase during the forecasted duration can be linked to various factors. These include the escalating focus on digital changeover and business flexibility, the rising acceptance of agile and DevOps methods, the surfacing of emerging technologies like IoT and AI, burgeoning demand for immediate data and dashboards, the necessity for enhanced visualization and modeling aptitudes, the compulsion for mobile and cloud-based solutions, and the growing dependence on automation in enterprise architecture processes. Noteworthy trends during this period are expected to be the adoption of cloud-oriented solutions, AI and machine learning integration, the emergence of low-code development platforms, and exceptional technological advancements.
What Are the Forces Behind the Rapid Growth of the Enterprise Architecture Management Software Market?
The surge in the utilization of cloud-based services is anticipated to boost the enterprise architecture management software market's expansion. This refers to services provided via the internet, also known as "the cloud," instead of through local servers or individual computers. The escalating use of these solutions is driven by benefits such as cost reduction, scalability, adaptability, and the ability to access remotely. Enterprise architecture management software is employed in cloud-based solutions to enhance the planning, initiation, and oversight of cloud infrastructures, guaranteeing their conformity with business goals. For example, in December 2023, as reported by Eurostat, a Luxembourg-based intergovernmental entity, 45.2% of organizations within the European Union secured cloud computing services, mainly for hosting email systems, storing digital files, and executing diverse tasks. Purchases of cloud computing services among EU businesses saw a rise of 4% in 2023 as compared to 2021. Particularly, the procurement rate of such services was markedly high among large corporations, with 77.6% buying these services in 2023, reflecting a 6% rise from 2021. Therefore, the accelerating adoption of cloud-based solutions is propelling the enterprise architecture management software market's growth.
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Who Are the Dominant Companies Influencing Enterprise Architecture Management Software Market Trends?
Major companies operating in the enterprise architecture management software market are International Business Machines Corporation, Hewlett Packard Enterprise Company, OpenText Corporation, Software AG, TIBCO Software Inc., Planview Inc., IDERA Inc., Amyx Inc., MEGA International, Cameo Global, Future Tech Systems Inc., UMT360 Inc., Orbus Software Ltd., Bizzdesign BV, erwin Inc., ValueBlue B.V., MID GmbH, Atoll Technologies Plc., Avolution Pty Ltd., QualiWare ApS, Sparx Systems Pty Ltd., Versio.io Inc., Ardoq AS
How Is the Enterprise Architecture Management Software Market Evolving?
Leading corporations in the enterprise architecture management software market are leveraging artificial intelligence (AI) to create sophisticated enterprise architecture management solutions. This is designed to bolster their ability to provide advanced analytics. AI-driven enterprise architecture management solutions deploy artificial intelligence to streamline and enhance the handling of a company's IT infrastructure. It makes it effortless to synchronize IT with business objectives. For example, in October 2023, Mega International, a software enterprise based in France, unveiled HOPEX Aquila, a revamped AI-powered enterprise architecture management platform. The platform offers premium features like automated IT rationalization, suggestions for cloud migration, a simplified report creation tool to assist data-driven decision-making, and a modernized user interface to enhance usability. Additionally, it includes HOPEX AI Assistant, an AI-enabled application portfolio management system equipped with automatic software detection, intelligent application recognition, and auto-generated diagram capabilities.
What Are the Different Segmentations in the Enterprise Architecture Management Software Market?
The enterprise architecture management softwaremarket covered in this report is segmented -
1) By Type: Cloud Based, On Premises
2) By Application: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
3) By Vertical: Banking Financial Services And Insurance (BFSI), Consumer Goods And Retail, Telecommunication, Information Technology (IT), Manufacturing, Healthcare And Lifesciences, Other Verticals
Subsegments:
1) By Cloud Based: Public Cloud Solutions, Private Cloud Solutions, Hybrid Cloud Solutions, SaaS (Software as a Service) Solutions, Multi-Tenant Cloud Solutions
2) By On Premises: Traditional On-Premises Solutions, Virtualized On-Premises Solutions, Customizable On-Premises Solutions, Enterprise-Grade On-Premises Solutions
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Which Region Is at the Forefront of the Enterprise Architecture Management Software Market?
North America was the largest region in the enterprise architecture management software market in 2024. The regions covered in the enterprise architecture management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Enterprise Architecture Management Software Global Market Report?
- Market Size Analysis: Analyze the Enterprise Architecture Management Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Enterprise Architecture Management Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Enterprise Architecture Management Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Enterprise Architecture Management Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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