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Prominent Business Analytics & Enterprise Software Market Trend for 2025: Rise Of Low-Cost Open-Source Alternatives In The Technology Sector
Business Analytics & Enterprise Software
The incorporation of mobility into digital solutions has brought about a global transformation in businesses, spurring the need for IT services. Fundamental to improving customer experience management, it fosters better communication among strategic allies and suppliers. Furthermore, it offers increased accessibility to information and services that can be incorporated to conduct vital business activities. The creation and execution of mobile applications rely on IT services. For instance, Tieto's strength lies in mobility, and through their enterprise mobility solution framework, they deliver tailored solutions to companies engaged in sectors like healthcare, logistics, telecommunications, energy, and manufacturing.
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What Is the projected market size and growth rate for the business analytics & enterprise software market?
The market size of business analytics and enterprise software has seen a substantial increase in the past few years. The market size, which is expected to ascend from $601.44 billion in 2024, will reach $684.83 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 13.9%. The remarkable growth during the previous years can be credited to the digital transformation of businesses, aggressive competition, cost efficiency efforts, mobile workforce strategies, and supply chain enhancements.
The sector of business analytics and enterprise software is projected to witness a swift expansion in the coming years. By 2029, its market size is estimated to reach $1144.86 billion, with a compound annual growth rate (CAGR) of 13.7%. This predicted growth in the forecast period is credited to factors such as data privacy issues, advancements in augmented analytics, initiatives towards sustainability, the boom in e-commerce, progress in quantum computing, and smart city projects. Emerging trends during the projection period include the integration of artificial intelligence (AI) into business solutions, real-time data handling and analytics, the adoption of cloud-based enterprise software, the addition of blockchain into business applications, and more personalized and customized services.
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What new trends are reshaping the business analytics & enterprise software market and its opportunities?
In the last half a decade, an escalating trend for cost-effective open-source substitutes has been observed. These open sources have now become the prime platform for innovating new technologies. Previously, software firms used to open-source their non-profitable software, but today, they are doing so to enhance their market presence and stake. Allison Randal, the president of Open-Source Initiative, points out that 78% of businesses employ open-source solutions and there's 64% participation in open-source ventures, signifying an upward trend in establishing apps using open-source software platforms.
What major market segments define the scope and growth of the business analytics & enterprise software market?
The business analytics & enterprise software market covered in this report is segmented -
1) By Type: ERP Software, BI Software, CRM Software, SCM Software, Other Software
2) By Deployment Model: On-Demand Or Cloud, On-Premise
3) By End-User Industry: IT And Telecommunications, BFSI, Manufacturing, Retail, Healthcare, Education, Media, Other End-User Industries
Subsegments:
1) By ERP Software (Enterprise Resource Planning): Financial Management, Human Resource Management, Supply Chain Management, Manufacturing Management
2) By BI Software (Business Intelligence): Data Visualization Tools, Reporting Tools, Dashboard Software, Data Warehousing Solutions
3) By CRM Software (Customer Relationship Management): Sales Force Automation, marketing Automation, Customer Service Solutions, Contact Management
4) By SCM Software (Supply Chain Management): Inventory Management, Demand Planning, Logistics Management, Supplier Relationship Management
5) By Other Software: Project Management Software, Collaboration Tools, Document Management Systems, E-commerce Platforms
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Which region dominates the business analytics & enterprise software market?
Asia-Pacific was the largest region in business analytics & enterprise software market in 2024. North America was the second largest region in business analytics & enterprise software market. The regions covered in the business analytics & enterprise software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the business analytics & enterprise software industry growth?
Major companies operating in the business analytics & enterprise software market include Nippon Telegraph And Telephone Corp., International Business Machines Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, Salesforce.com, Fiserv Inc., Adobe Systems Incorporated, Leidos, Atos SE, Workday Inc., SAS Institute Inc., Teradata Corporation, Tibco Software Inc., Fair Isaac Corporation, Alteryx Inc., QlikTech International AB, Domo Inc., ThoughtSpot Inc., Mixpanel Inc., Sisense Inc., RapidMiner Inc., Domino Data Lab, Cloudability Inc., Densify Inc., Google LLC, Tableau Software Inc., Infor, BOARD International, GoodData Corporation, Datameer Inc., Yellowfin BI
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What Is Covered In The Business Analytics & Enterprise Software Global Market Report?
• Market Size Forecast: Examine the business analytics & enterprise software market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the business analytics & enterprise software market for a structured understanding.
• Key Players Overview: Analyze major players in the business analytics & enterprise software market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the business analytics & enterprise software market.
• Segment Contributions: Evaluate how different segments drive overall growth in the business analytics & enterprise software market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the business analytics & enterprise software market.
• Industry Challenges: Identify potential risks and obstacles affecting the business analytics & enterprise software market.
• Competitive Landscape: Review strategic developments in the business analytics & enterprise software market, including expansions, agreements, and new product launches.
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