Enterprise Application Market Outlook To 2024 - Business Opportunity and Technological Innovations
Date: 2020-03-03   Author: Ronak Bora  Category: #news

Enterprise Application Market Outlook To 2024 - Business Opportunity and Technological Innovations

Content management system (CMS) based enterprise application market will exhibit lucrative growth path and is forecast to grow at a CAGR of 13.5 % by 2024, with a revenue record of USD 8.5 billion by 2024. Website content management sector will prominently drive the product demand.

Growing demand for efficient IT infrastructure, rising internet connectivity, rapid adoption of cloud computing technologies, and growth in smartphones and mobile devices are the vital factors influencing the enterprise application market share worldwide. 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 industry size.

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Enterprise application software is mainly categorized based on their business functions. 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.

Asia Pacific which is one of the most prominent markets in terms growth prospects is largely influenced by growing adoption of cloud-based solutions in small as well as large-scale companies across this region. China is gaining a prominence in the APAC market owing to the presence of some of the technologically equipped renowned market players such as Huawei and Xiaomi. Asia pacific enterprise application market is forecast to grow stupendously at a CAGR of 9.5% by 2024, with an estimated revenue of USD 75 billion by 2024.

U.S., which is the prime revenue pocket for North America enterprise application market share, accounted for USD 30 billion in 2015 and is expected to cover 30% of the regional market over the coming seven years. The growth projection can be attributed to region’s dynamic organizational infrastructure along with their advanced customer-centric approach.

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Global enterprise application market has completely evolved with time from information to interface orientation with internet explosion and big data emergence. Key players of the market are enormously investing in research activities to enhance the supply value chain. Major industry participants include Oracle, IBM, Epicor Software, Microsoft, and SAP.

Glimpse of Table of Content (ToC):  -

Chapter 4.    Enterprise Application Product Insights

4.1.    Enterprise application market share by product, 2015 & 2024

4.2.    CRM

4.2.1.    Market estimates and forecasts by region, 2013 - 2024

4.3.    ERP

4.3.1.    Market estimates and forecasts by region, 2013 - 2024

4.4.    SCM

4.4.1.    Market estimates and forecasts by region, 2013 - 2024

4.5.    Web Conferencing

4.5.1.    Market estimates and forecasts by region, 2013 - 2024

4.6.    BI

4.6.1.    Market estimates and forecasts by region, 2013 - 2024

4.7.    BPM

4.7.1.    Market estimates and forecasts by region, 2013 - 2024

4.8.    CMS

4.8.1.    Market estimates and forecasts by region, 2013 - 2024

4.9.    EAM

4.9.1.    Market estimates and forecasts by region, 2013 - 2024

4.10.    Others

4.10.1.    Market estimates and forecasts by region, 2013 - 2024

Chapter 5.    Enterprise Application End-Use Insights   

5.1.    Enterprise application market share by end-use, 2015 & 2024

5.2.    Manufacturing

5.2.1.    Market estimates and forecasts by region, 2013 - 2024

5.3.    BFSI

5.3.1.    Market estimates and forecasts by region, 2013 - 2024

5.4.    Healthcare

5.4.1.    Market estimates and forecasts by region, 2013 - 2024

5.5.    Retail

5.5.1.    Market estimates and forecasts by region, 2013 - 2024

5.6.    Government

5.6.1.    Market estimates and forecasts by region, 2013 - 2024

5.7.    Aerospace & defense

5.7.1.    Market estimates and forecasts by region, 2013 - 2024

5.8.    Telecom & IT

5.8.1.    Market estimates and forecasts by region, 2013 - 2024

5.9.    Others

5.9.1.    Market estimates and forecasts by region, 2013 - 2024

Chapter 6.    Enterprise Application Deployment Insights  

6.1.    Market share by deployment, 2015 & 2024

6.2.    On-premise

6.2.1.    Market estimates and forecasts by region, 2013 - 2024

6.3.    Cloud

6.3.1.    Market estimates and forecasts by region, 2013 - 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/enterprise-application-market



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Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for algosonline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

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