According to the latest report by IMARC Group “Enterprise Application Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global enterprise application market reached a value of US$ 249.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 403.9 Billion by 2027, exhibiting a CAGR of 8.24% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Enterprise application is a complex, scalable, component-based software system used in the corporate environment. It comprises computerized billing systems, online shopping and payment processing, content management, resource planning, application integration, interactive product catalogs, and sales force automation. As it enhances efficiency, flexibility, productivity, automates workflow, and simplifies the information technology (IT) process, an enterprise application is employed in various end-use industries across the globe.
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Enterprise Application Market Trends:
With the increasing adoption of cloud-based solutions, enterprise applications are gaining immense traction in small and medium-scale enterprises (SMEs) to conduct business operations and processes. Moreover, rapid digitization, rising penetration of high-speed internet, and the emerging trend of bring-your-own-device (BYOD) are creating a positive outlook for the market. Apart from this, the integration of artificial intelligence (AI), the internet of things (IoT), and edge computing technologies are expanding the usage of enterprise applications in the retail, manufacturing, and healthcare sectors around the world.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Solution:
Customer Relationship Management
Enterprise Resource Planning
Supply Chain Management
Analytics and Business Intelligence
Human Capital Management
Productivity Tools
Others
Breakup by Organization Size:
Small and Medium Enterprises
Large Enterprises
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by End User:
BFSI
Manufacturing and Retail
Healthcare and Pharmaceuticals
IT and Telecommunication
Government
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape:
Bayerische Motoren Werke AG
BYD Company Ltd.
Ford Motor Company
Mercedes-benz Group AG
Mitsubishi Motors Corporation
Tesla Inc.
Toyota Motor Corporation
Volkswagen AG
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