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Enterprise Application Market Is Expected to Grow USD 287.71 billion by 2024

08-16-2017 02:04 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

MaketStudyReport.com adds a New Enterprise Application Market Research Report for the period of 2016-2024 that shows the growth of the market is rising at a 7.6% CAGR to 2024.

Enterprise Application Market size is expected to reach USD 287.71 billion by 2024. Enterprise application market is expected to witness substantial growth owing to rising need to connect business process. This solution aids in enabling better quality management, supply chain management, and customer engagement. Mounting awareness regarding IT connectivity amongst company management, growing need for better internet infrastructure and swift cloud computing adoption by developed organizations will give a fillip to enterprise application market share over the forecast timeline.

BFSI, manufacturing, healthcare, retail, airspace &defense, media, chemicals, telecom &IT, oil &gas and hospitality sector are likley to contribute towards swift industry growth over the forecast period. SCM and business process management aid industries in tracking production and inventory management from procurement to delivery. Avaialbility of open source solutions along with high implementation &maintenance costs associated with the servers and operating systems may hinder growth over the forecast period. Some available open source solutions are ProcessMaker, FriFrans, CitrusBD and Magnolia.

Get sample Copy of this report: https://www.marketstudyreport.com/request-a-sample/467772/?utm_source=OPR-PSR

Content management system market share will grow at 13.5% CAGR over the forecast timeline. Features such as capability of conveting unstructured data into structured is likely to aid in easy website content management and in turn drive growth. Benefits offerd such as up-selling and cross-selling opportunities, customer behavior insights and improved efficiency is likley to drive the business intelligence market over the forecast period.
On-premise enterprise application market size was over USD 100 billion in 2015, cloud based services are set to gain revenue share in the coming years.

Healthcare applications occupied more than 10% of the overall industry share in 2015. These applications effectively handle digitized data from multiple sources and in turn enable organizations to gain real-time transparency and process optimization.

Asia Pacific enterprise application market will grow at 9.5% CAGR. Rising demand for cloud-based solutions amongst medium and small scale industries are the major growth drivers.

Get Discount on this Report: https://www.marketstudyreport.com/check-for-discount/467772/

Key competitors include Oracle, Epicor Software, IBM, SAP, Microsoft, QAD, Hewlett Packard and IFS. The enterprise application market share is characterized by frequent strategic partnerships and mergers &acquisitions.

Global Market Insights has segmented the enterprise application industry on the basis of product, end use, deployment, and region:

Enterprise Application Product Analysis (Revenue, USD Billion, 2013 - 2024)
CRM, ERP, SCM, BI, BPM, CMS, EAM, Web Conferencing, Others

Enterprise Application End-Use Analysis (Revenue, USD Billion, 2013 - 2024)
Manufacturing, BFSI, Healthcare, Retail, Government, Aerospace &Defense, Telecom, Others

Enterprise Application Deployment Analysis (Revenue, USD Billion, 2013 - 2024)

Cloud, On-Premise

For More Details On this Report: https://www.marketstudyreport.com/reports/enterprise-application-market/

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https://www.marketstudyreport.com/reports/global-customer-loyalty-software-market-size-status-and-forecast-2022/?utm_source=RR-PSR

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