Press release
2025-2034 Enterprise Application Market Roadmap: Insights for Competitive Advantage
Enterprise Application Market Size
Enterprise Application Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the enterprise application market has significantly expanded in the past few years. The market, which was valued at $355.23 billion in 2024, is projected to increase to $380.79 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.2%. This growth during the historical period is the result of factors such as the optimization of business processes, upgrades to legacy systems, increasing market competition, regulatory compliance requirements, and globalization.
Enterprise Application Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size of enterprise applications is predicted to experience swift expansion. The market is projected to escalate to a worth of $564.27 billion by 2029, with a 10.3% compound annual growth rate (CAGR). The growth during the prediction period can be credited to factors such as digital transformation strategies, issues related to data security, trends towards remote work, demands for scalability, and the need to improve customer experience. Key trends expected during the forecast period encompass development platforms using low-code and no-code, integration of blockchain for enhanced security and transparency, tools for remote collaboration and communication, predictive analytics to offer business insights, and customization specific to industries.
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What Are the Drivers Transforming the Enterprise Application Market?
The proliferation of e-commerce websites is set to catalyze the expansion of the enterprise application market. As opposed to physical stores, e-commerce websites enable users to purchase and sell tangible items, services, and digital goods via the internet, a feat achieved through the use of enterprise application software specially designed to accommodate the needs of large businesses. Thus, a surge in e-commerce websites inevitably translates to expanded growth of the market. In accordance to data released by The Sellers Commerce in September 2024, a company based in the U.S. that specializes in e-commerce solutions, the global tally of e-commerce sites as of 2024 stood at 26.6 million, a 3.83% rise from the preceding year. Consequently, the rise in e-commerce websites is stimulating the expansion of the enterprise application market.
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What Long-Term Trends Will Define the Future of the Enterprise Application Market?
The continual evolution of technology is a prominent trend emerging in the enterprise application market. Major market players are concentrating on creating innovative tech solutions to fortify their standing in the market. For example, SAP SE, a German enterprise software development firm specializing in managing business operations and customer relations, unveiled SAP Build in November 2022. This product is a unique, robust tool designed to propel the next generation of business transformation. It offers a distinct low-code solution that gives business users secure access to comprehensive processes, context, and data. SAP Build facilitates the construction of enterprise applications, formulating business sites, and process automation with limited technical knowledge required. Moreover, it enables users to smartly observe, analyze, and automate the processes without necessitating data migration to an exterior system.
Which Segments in the Enterprise Application Market Offer the Most Profit Potential?
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, Healare, Retail, Government, Manufacturing, Other Users
Subsegments:
1) By Solution: Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Supply Chain Management (SCM), Human Resource Management (HRM), Business Intelligence (BI) And Analytics, Content Management Systems (CMS)
2) By Service: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services, Managed Services
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Which Firms Dominate the Enterprise Application Market by Market Share and Revenue in 2025?
Major companies operating in the enterprise application market include Amazon.com Inc., Google LLC, Microsoft Corporation, Dell Technologies Inc., IBM Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, 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.
Which Regions Offer the Highest Growth Potential in the Enterprise Application Market?
North America was the largest region in the enterprise application market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global enterprise application market report during the forecast period. The regions covered in the enterprise application market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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