The three types of products prevalent in enterprise application market are ERP (Enterprise resource planning), CMS (content management system), and CRM (customer relationship management). ERP solutions based enterprise application industry is witnessing a widened growth horizon owing to its extensive implementation in back-end systems. This market covered 20% the overall industry share in 2015 and is slated to grow significantly at a lucrative annual growth rate of 7.7% in the coming time frame.
The rising demand to address the requirement of an integrated business process approach by the organizations to enable smooth supply chain operations and optimal efficiency is providing an appreciable push to the enterprise application market. Enterprise application solutions enable real-time information, customer engagement, and better quality management. Increasing awareness of the companies regarding IT connectivity along with growing need to use single data access point is further expected to fillip the overall industry share in the years ahead. As per a report by Global Market Insights Inc., “Enterprise application market having held a value of USD 150 billion in 2015, is poised to exceed a revenue of USD 285 billion by 2024.”
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A huge adoption trend across various end-use industries such as Healthcare, BFSI, Manufacturing, Government, Retail, Telecom & IT, and Aerospace & Defense is boosting the global enterprise application market size. Enterprise application provides these industries with a wide set of solutions such as CRM, SCM, ERP, Business Intelligence [BI], Web Conferencing, BPM, EAM, and CMS. These solutions enable the users with better inventory management, quality management, customer engagement, and supply chain
The Major Key Players in the Market are as follows:
1. Epicor Software
2. Hewlett Packard Enterprise
3. IBM
4. IFS
5. Infor
6. Microsoft
7. Oracle
8. SAP
9. QAD
ERP market which accounted for 20% of the overall enterprise application share in 2015, is anticipated to register a CAGR of 7.7% over the coming eight years. Website content management, which has become an integral part of any organization is driving the growth of the CMS (Content Management System) market. CMS market share is estimated to exceed USD 8.5 billion by 2024. Owing to the growing demand for customer engagement management, CRM segment will also witness significant growth over the coming years, accounting for over 25% of the overall enterprise application market share by 2024.
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Table Of Content:
Chapter 2. Executive Summary
2.1. Enterprise Application industry 3600 synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Product trends
Chapter 3. Enterprise Application Industry Insights
3.1. Industry segmentation
3.2. Industry Size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Industry Impact forces
3.4.1. Growth drivers
3.4.1.1 Cloud computing adoption
3.4.1.2 Competitive edge
3.4.1.3 Escalating multimedia device demand
3.4.2. Industry pitfalls & challenges
3.4.2.1 Substantial maintenance and implementation cost
3.4.2.2 Open source application availability
3.5. Growth potential analysis
3.6. Porter’s analysis
3.7. Key competitor landscape
3.8. PESTEL analysis
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