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Enterprise Architecture Management Software Market Size Forecasted To Achieve $1.74 Billion By 2029 With Steady Growth
Enterprise Architecture Management Software Market Size
What Is the Enterprise Architecture Management Software Market Size and Projected Growth Rate?
The enterprise architecture management software market has expanded steadily in recent years. It is expected to grow from $1.26 billion in 2024 to $1.35 billion in 2025, reflecting a CAGR of 6.9%. Past growth resulted from increasingly complex IT systems, a need for aligning IT with business goals, efforts to cut IT expenses, compliance and risk management requirements, cloud adoption, enhanced communication needs, and improved decision-making processes.
The enterprise architecture management software market is forecasted to grow strongly, reaching $1.75 billion in 2029, reflecting a CAGR of 6.7%. Growth will stem from increasing digital transformation efforts, agile and DevOps adoption, rising use of real-time analytics, mobile and cloud-based solutions, and growing automation needs. Trends will include AI and machine learning integration, cloud platforms, low-code tools, and enhanced visualization technologies.
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What Are the Major Segments 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, Healare 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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What Are The Driving Enterprise Architecture Management Software Market Evolution?
The increasing adoption of cloud-based solutions is expected to propel the growth of the enterprise architecture management software market going forward. Cloud-based solutions refer to computing services that are delivered over the internet (the cloud) rather than through local servers or personal computers. The rise in cloud-based solution adoption is fueled by factors such as cost savings, scalability, flexibility, and remote accessibility. Enterprise architecture management software is used in cloud-based solutions to streamline the design, deployment, and management of cloud infrastructures, ensuring alignment with business objectives. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, 45.2% of enterprises within the European Union procured cloud computing services, primarily for hosting email systems, storing electronic files, and performing various tasks. Compared to 2021, purchases of cloud computing services among EU enterprises rose by 4% in 2023. Notably, large enterprises exhibited a significant adoption rate, with 77.6% reporting the purchase of such services in 2023, marking a 6% increase from 2021. Therefore, the increasing adoption of cloud-based solutions is driving the growth of the enterprise architecture management software market.
Which Firms Dominate The Enterprise Architecture Management Software Market Segments?
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
What Are the Major Trends Shaping the Enterprise Architecture Management Software Market?
Major companies operating in the enterprise architecture management software market are developing artificial intelligence (AI)-driven enterprise architecture management solutions to enhance their capabilities in providing advanced analytics. AI-driven enterprise architecture management solutions use artificial intelligence to streamline and improve the management of an organization's IT architecture, making it easier to align IT with business goals. For instance, in October 2023, Mega International, a France-based software company, launched HOPEX Aquila, an updated AI-driven enterprise architecture management platform. This platform includes advanced features such as automated IT rationalization and cloud migration recommendations, a simplified report builder for data-driven decision-making, and a revamped user interface for improved usability. Additionally, it features HOPEX AI Assistant, an AI-powered application portfolio management system with automatic software discovery, intelligent application detection, and automated diagram generation capabilities.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Enterprise Architecture Management Software Market?
2. What is the CAGR expected in the Enterprise Architecture Management Software Market?
3. What Are the Key Innovations Transforming the Enterprise Architecture Management Software Industry?
4. Which Region Is Leading the Enterprise Architecture Management Software Market?
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