Global Enterprise Application
Market size is estimated to
be worth USD 259.51 billion by 2022, according to a new study by Grand View
Research, Inc. Increasing need among organization for single data access
point is anticipated to drive industry growth over the forecast period.
Implementation of enterprise application solution enables
real time data and information flow along with level running of business
process. Use of these solutions enable better customer engagement, inventory
management, quality management and supply chain management. Increasing IT
budget of the companies is expected to favor industry growth over the next
seven years. Availability of open source solution and high maintenance cost may
hinder industry growth over the next seven years.
Full Research Report on Global Enterprise Application
Market Analysis: http://www.grandviewresearch.com/industry-analysis/enterprise-application-market
Further key findings from the study suggest:
- Web
conferencing is useful for conducting seminars, business meetings, online
presentations, online educations, demonstrations, and offering direct
customer support. Companies adopt web conferencing to reduce geographical
barrier and enable effective communication across regions. Solution such
as Business Process Management (BPM) and Business Intelligence (BI)
enables efficient information processing to facilitate organizational
development. Business Process Management (BPM) offers benefit such as
increased customer satisfaction, improved agility, cost saving, greater
team satisfaction and full transparency of all activities across the
organization. Content Management System (CMS) is anticipated to grow at a
CAGR of around 13% from 2015 to 2022.
- Healthcare
sector is estimated to grow at a CAGR of over 8.5% from 2015 to 2022.
Increasing need for real time data transparency is anticipated to drive
growth over the forecast period. Industries such as BFSI, healthcare,
retail, and telecom adopts these solutions to enhance customer experience
and value proposition.
- Industry
players use on-premise and cloud delivery models for deployment of the
software. Cloud-based solution is becoming popular among small scale
industries owing to budget limitation and its benefit. In 2014, on-premise
cloud solution accounted for around 67% of the overall revenue share. Pay-per-use
model and scalability are the main factor driving cloud-based solution
growth.
- North
America enterprise application market is estimated to be major regional
segment owing to changing organizational structure and customer centric
approach of the companies. Europe enterprise application market is
estimated to grow at CAGR of around 6% over the forecast period in 2014,
and accounted for over 30% of the revenue share. Asia Pacific enterprise
application market is anticipated to witness growth owing to rising number
of start up and presence of large number of small scale industries.
Cloud-based solution may witness increase in demand in the region owing to
popularity of it among small scale industries.
- The
key industry participants include Key players include Hewlett Packard
(HP), Oracle, Microsoft Corporation, IFS AB, SAP, QAD Inc., IBM
Corporation, Epicor software Corp., and Infor. In 2014, SAP invested USD
2.54 billion in research and development to enhance their offering. In
March 2014, SAP announced the acquisition of Fieldglass, a vendor
management system provider.
View more reports of
this category by Grand View Research at: http://www.grandviewresearch.com/industry/communication-services
Grand View Research
has segmented the Global Enterprise Application Market on the basis of product,
end-use, deployment, and region:
Enterprise Application Product Outlook (USD Billion, 2012
– 2022)
- CRM
- ERP
- SCM
- Web
Conferencing
- BI
- BPM
- CMS
- EAM
- Others
Enterprise Application End-Use Outlook (USD Billion, 2012
– 2022)
- Manufacturing
- BFSI
- Healthcare
- Retail
- Government
- Aerospace
& defense
- Telecom
& IT
- Others
Enterprise Application Deployment Outlook (USD Billion,
2012 – 2022)
- On-premise
- Cloud
Enterprise Appliances Regional Outlook (USD Billion,
2012 – 2022)
- North
America
- Europe
- Asia
Pacific
- RoW
Access Press Release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-enterprise-application-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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