Enterprise Software Market is Expected to Reach the Valuation of USD 450.68 Billion by 2030, Size, Share, Growth, Trends, Demand and Opportunity Outlook
HOUSTON, March 16, 2023 /PRNewswire/ -- Data Bridge Market Research Published Latest Enterprise Software Market Study by in-depth analysis about current scenario, the Market size, demand, growth pattern, trends, and forecast. The credible Enterprise Software business report gives information about the competitive situation among the market vendors and company profile, besides this, the report also provides market price analysis and value chain features. The scope of this market research report includes in-depth insights of global and regional markets with the sense given for variation in the growth of the Enterprise Software industry in certain regions. Enterprise Software marketing report offers information on production development, market sales, regional trade, investment calculation, investment opportunity, trade outlook, policy, regional market and other important characteristic of the market.
Enterprise Software report estimates analysis and discussion of important industry trends, market size, sales volume, and market share. This market research report answers many of the critical business questions and challenges while proving as a go-to solution. The report presents the company profile, product specifications, capacity, production value, and market shares for each company for the forecast period. An international Enterprise Software market report provides the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer preferences and their buying patterns, market demand and supply scenarios.
Data Bridge Market Research analyses that the enterprise software market is expected to reach USD 450.68 billion by 2030, which is USD 232.93 billion in 2022, at a CAGR of 8.60% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Enterprise software is a computer software designed to do specific creative, financial, productive and daily business works. It is generally used to automate the business. It helps small business and companies owners to create, manage, promote, sell, market and scale their businesses. The usage of enterprise software is important became it helps in faster decision making, planning and design, implementation of the latest technologies, data analysis, customer support, and techniques in supply chain management.
The enterprise software market is projected to have significant growth during the forecast period due to the increasing usage of cloud-based services in both small and medium sized businesses. Small organizations are adding cloud-based technology into their enterprises to reduce the upfront costs and access business-critical applications at the suitable place and time. The IT expenditure on enterprise software was augmented at a rate of 9 percent during 2017-18. Companies are widely adopting cloud-based enterprise software to accelerate the overall productivity of an organization.
Key Market Players:
- IBM (U.S.)
- Microsoft (U.S.)
- Orcale (U.S.)
- SAP (Germany)
- Salesforce, Inc. (U.S,)
- Hewlett Packard Enterprise Development LP (U.S.)
- Broadcom (U.S.)
- VMware, Inc. (U.S.)
- TIBCO Software Inc. (U.S.)
- Zoho Corporation Pvt. Ltd. (India)
- SYSPRO (South Africa)
- Epicor Software Corporation (U.S.)
- Infor (U.S.)
- Accenture (Ireland)
- Cisco Systems Inc. (U.S.)
- Deltek, Inc. (U.S.)
- TABLEAU SOFTWARE, LLC, (U.S.)
- QlikTech International AB (Sweden),
- DataRobot Inc., (U.S.)
- MICROSTRATEGY INCORPORATED (U.S.)
We can add or profile new company as per client need in the report. Final confirmation to be provided by research team depending upon the difficulty of survey.
Recent Development
- In 2022, SurePoint Technologies, a practice and financial management solutions provider for law firms, announced their acquisition with Cole Valley Software, a customer relationship management solution for legal professionals. With this acquisition, they will provide a legal technology platform that incorporates real-time CRM into financial data and practice management, enabling law firms to grow and manage client relationships.
- In 2022, CRMNEXT, a global CRM solution provider for financial services, announced a partnership with Wescom Resources Group, a technology solutions provider, to streamline their IT operations. With this acquisition, they will provide credit unions with a customer relationship management solution for financial institutions.
- In 2022, Oracle announced its partnership with Informatica to bring governance products and Informatica's data integration to Oracle Cloud Infrastructure. This partnership would bring effective value to bring better data science and analytics to their organizations.
- In 2022, SAP SE collaborated with Accenture, an information technology (IT) services and consulting company. With this collaboration, the company aimed to support large enterprises and provide continuous innovation by integrating RISE with SOAR and SAP with Accenture to support our customers in becoming intelligent.
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Critical Insights Related to the Enterprise Software Included in the Report:
- Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
- Value chain analysis of prominent players in the market
- Current trends influencing the dynamics of this market across various geographies
- Recent mergers, acquisitions, collaborations, and partnerships
- Revenue growth of this industry over the forecast period
- Marketing strategy study and growth trends
- Growth driven factor analysis
- Emerging recess segments and region-wise market
- An empirical evaluation of the curve of this market
- Ancient, Present, and Probable scope of the market from both prospect value and volume
Opportunities
- Surging mergers and collaboration between major market players
The surging mergers and collaboration between major market players is expected to create ample opportunities for the market. For instance, IBM Corporation partnered with Salesforce in 2018 to integrate their artificial intelligence platform and provide an improved customer service experience. IBM's cognitive computing technology platform called Watson and Salesforce's in-house AI platform called Einstein collaborated to provide AI-driven recommendations for future actions.
- Increasing emergence of e-commerce in multiple sectors
Increasing emergence of e-commerce in multiple sectors will generate lucrative opportunities for the market growth. E-commerce websites establish direct business relationships with end customers and minimalize the lead time across various sectors. According to a report by Walmart, Flipkart group is showing major growth, with its growth merchandise value growing by 12 times and reaching $7.5 Billion from 2014 to 2018. Organizations require customized enterprise software to analyze and manage customer data, further broadening the scope for market growth opportunities.
Enterprise Software Market Segmentation:
Type
- Enterprise Resource Planning (ERP)
- Business Intelligence (BI)
- Supply Chain Management (SCM)
- Customer Relationship Management (CRM)
- Web Conferencing Collaboration
- Marketing
- Human Resource Management
- Payment Processing
Organization Size
- SMEs
- Large Enterprises
Solution
- Software-Defined Networking (SDN) Switching
- Cloud Virtualization
- Software-Defined Networking (SDN) Controllers
Application
- Order Processing
- Procurement
- Scheduling
- Supply Chain
- Customer Information Management
- Sales Accounting
- Web Services
- Energy Management
- Government
End User
- Cloud Service Providers
- Retail
- Banking
- Financial Services and Insurance (BFSI)
- Enterprises
- Academia and Government
- Healthcare and Life Sciences
- Telecommunication Service Providers
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Key Drivers:
- Rising product launches by major market to support company for data-driven decision-making
Increasing product launch by major market to support company for data-driven decision-making is expected to drive the market growth during the forecast period. For instance, IBM revealed Business Analytics Enterprise suite in 2022. It is mainly designed to help enterprises break down analytics silos and data to make data-driven decisions rapidly and navigate the unpredictable disruptions. This launch further builds on IBM's strategy to offer companies with solutions to support data-driven decision-making.
- Growing demand for customer relationship management software among enterprises
The growing demand for customer relationship management software among enterprises is anticipated to propel the market growth in the forecast period. Customer relationship management software (CRM software) helps to analyzes and manages customer interactions and data across the customer lifecycle. It helps to analyze and collect data and customer interactions throughout the customer lifecycle.
Enterprise Software Market Regional Analysis/Insights
The countries covered in Enterprise Software market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe, China, India, Japan, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Rest of Asia-Pacific, South Africa, Egypt, Saudi Arabia, U.A.E, Israel, Rest of Middle East & Africa.
North America dominates the enterprise software market owing to the prevalence of improved and well-established infrastructure in this region. Furthermore, growing cloud computing applications and increasing adoption of advanced technology will further boost the market growth in this region.
Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2023-2030 because of the increasing adoption of advanced systems and technology in this region. Furthermore, increasing preferences toward business intelligence and analytics will further boost the market growth in this region.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Enterprise Software Market: Regulations
- Market Overview
- Global Enterprise Software Market, By Type
- Global Enterprise Software Market, By Organization Size
- Global Enterprise Software Market, By Solution
- Global Enterprise Software Market, By Application
- Global Enterprise Software Market, By End User
- Global Enterprise Software Market, By Region
- Global Enterprise Software Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To check the complete Table of Contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-enterprise-software-market
Key Insights in the report:
- Historical and current market size and projection up to 2030
- Market trends impacting the growth of the global taste modulators market
- Analyze and forecast the taste modulators market on the basis of, application and type.
- Trends of key regional and country-level markets for processes, derivative, and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
Customization Options
All segmentation provided above in this report is represented at country level and can be customized according to needs.
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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