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Enterprise Software Market to Encounter Countless Growth Opportunities Through 2023 | Forecast for Next 5 Years of Various Segments Along With Detailed Analysis of Industry Structure

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Enterprise Software Market, By Type (ERP, CRM, BI, SCM, Web Conferencing Collaboration), By Organization Size (SMEs and Large Enterprises), By Vertical (BFSI, Healthcare, Retail, IT & Telecommunication) - Forecast 2023

Overview

With the role of softwares expanding for the functioning of enterprises, it is common for enterprises to use software to manage their operations and improve their efficiency. Market Research Future (MRFR) has published a research report about the global enterprise software market that anticipates extension for this market at 8% CAGR (Compound Annual Growth Rate) between 2017 and 2023. By value, the market has been figured to be worth the US $ 634 bn by the end of forecast period.

The crucial factor leading to the global enterprise software market growth is the growing trend of big data analytics and cloud computing. Some other factors aiding the market growth include the emergence of cloud computing, expanding information technology (IT) budgets, adoption of enterprise softwares across various industrial verticals, increasing demand for business intelligence & analytics, growing investment towards modernization of IT infrastructure and increasing adoption of database management systems. The last most important factor contributing to market growth is the growing adoption of customer relationship management (CRM) and enterprise resource planning (ERP).

Advantages that lead to market growth include improved performance, replacement of old legacy systems, system integration by enterprises across diverse locations, the possibility of real-time monitoring & streamlining process. However, the high cost of licensing and flexibility, issues regarding the migration of existing data, and lack of standardization are likely to hamper the market growth.

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Segments

The global enterprise software market has been segmented on the basis of organization size, type, vertical, and lastly, region. Based on organization size, this market has been segmented into small & medium enterprises (SMEs), and large enterprises. By type, the market can be segmented into business intelligence (BI), customer relationship management (CRM), enterprise resource planning (ERP), supply chain management (SCM), web conferencing collaboration, and others.

On the basis of vertical, the market has been segmented into banking, financial services & insurance (BFSI), energy & utilities, healthcare, IT & telecommunication, manufacturing, media & entertainment, retail, transportation, and others.

The regional segmentation of the global enterprise software market segments the market into the regional markets known as Europe, North America, Asia Pacific, and the rest of the world (RoW). North America is the most vital regional market due to increasing demand for cloud computing applications in this region, technological advancement, and the presence of many key market players. In this region, the important country-specific markets are USA and Canada.

Key Players

The key players in the global Enterprise Software Market include CA Technologies Inc. (USA), EMC Corporation (USA), Hewlett Packard (HP) (USA), IBM Corporation (USA), Microsoft Corporation (USA), Oracle Corporation (USA), Salesforce.Com, Inc. (USA), Sap Se (Germany), Symantec Corporation (USA), and VMware Inc. (USA).

Regional Analysis

Europe is the second largest regional market. The main reason for market growth in Europe is the technological advancement that is second only to North America. The prominent country-specific markets in this region are France, Germany, Italy, and the UK, followed by the remaining countries of Europe.

In the Asia Pacific region, the market is driven by high demand for business analytics from the growing economies like China, India, Japan, and South Korea. During the forecast period, this regional market is expected to witness relatively faster adoption of enterprise software and rise that fastest growing regional market.

Latest Industry News

According to Rimini Street Inc., a global provider for enterprise software products & services, and the leading third-party support provider for Oracle and SAP software products, over ten Australian federal and state government agencies have switched their enterprise software support to Rimini Street from Oracle and SAP. 28 JAN 2019

Amazon is set to enter the enterprise software market. 24 JAN 2019

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TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

3 MARKET DYNAMICS

Continued..

LIST OF TABLES

TABLE 1 ENTERPRISE SOFTWARE MARKET, BY TYPE

TABLE 2 ENTERPRISE SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 3 ENTERPRISE SOFTWARE MARKET, BY VERTICAL

TABLE 4 ENTERPRISE SOFTWARE MARKET, BY REGIONS

TABLE 5 NORTH AMERICA ENTERPRISE SOFTWARE MARKET, BY TYPE

Continued.

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LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 ENTERPRISE SOFTWARE MARKET, BY TYPE (%)

FIGURE 3 ENTERPRISE SOFTWARE MARKET, BY ORGANIZATION SIZE (%)

FIGURE 4 ENTERPRISE SOFTWARE MARKET, BY VERTICAL (%)

FIGURE 5 ENTERPRISE SOFTWARE MARKET, BY REGIONS (%)

Continued..

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members

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Market Research Future

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Magarpatta Road, Hadapsar,

Pune - 411028

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