According to a new report published by Reports Monitor titled, “Enterprise Application Market by Deployment, Solution, Application and End-User: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the enterprise application market is projected to grow rapidly from 2017 to 2025. North America is holding the highest market share dominating the enterprise application market terms of revenue, and is expected to maintain this trend throughout the forecast period.
An enterprise application (EA) is a large software system platform designed to operate in a corporate environment for instance business or government. EA software is a critical component of any computer-based information system. EA software ultimately enhances efficiency and productivity through business level support functionality. EA software services include online shopping and payment processing, interactive product catalogues, computerized billing systems, security, content management, IT service management, content switching modules, resource planning, business intelligence, human resource management, manufacturing, application integration, forms automation, sales force automation, enterprise resource planning and business process management. Currently organizations are implementing enterprise application to ensure increased profitability and to increase their working capital.
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Rising inclinations for remote access in employees, expanding mobile infiltration giving diverse applications and adoption of cloud computing based innovation drives the development of enterprise application. Furthermore, customer centric approach of businesses and upper hands gave by the product, raising prerequisite for multimedia gadget and developing interest for real time data access additionally helps the growth of the market. Nevertheless, high cost of enterprise application which is unaffordable by little scale merchants and other substitute accessible open sources application are limitations of the market that may impede the further advancement of the market.
Key Findings and Scope:
• The global enterprise application market is predicted to grow rapidly over the forecast period.
• Base on deployment of the software key players use two models that is on- premise and cloud based. Cloud computing solution is gaining much popularity amidst small scale organizations owing to limited budget and its advantages. Scalability, pay-per-use, reduced infrastructure cost and ubiquitous access are the main aspects that drive the growth of cloud based solutions.
• Enterprise resources planning (ERP) and CRM are anticipated to be the primary solution segment as product provides automated back office operation and permits real time data access through various connected departments.
• These solutions are increasingly applied in government, manufacturing, aerospace & defence, retail services and telecommunication and IT.
• By application, brand reputation and customer relationship management are the two segments accounted for the significant share. However, competitive intelligence, fraud detection and predictive analysis segment are expected to grow at lucrative pace.
• Region wise, North America enterprise application market is estimated to develop at high speed sharing largest share of the market. Factors contributing to the growth of this market will include existing global software vendors such as Oracle, IBM Corp, SAP, HP and Microsoft Corp etc. and customer oriented approach of companies.
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Major Key players profiled in the report are Dassault Systèmes, Epicor Software, Hewlett-Packard, IBM, IFS AB, Infor, Microsoft Corporation, Oracle, QAD Inc. and SAP.
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
Table of Contents:
1.1. Market Definition
1.2. Market Scope
2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016
4. Deployment Overview
4.2. Market Size & Forecast, 2015 to 2025
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)
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