Enterprise software is helping the enterprises to streamline the process and achieve high efficiency and productivity. Increasing automation and growing digitalization across the globe is the major factor boosting the growth of the enterprise software market. Over the last few years, cloud-based enterprise software has gained significant momentum due to the cost-effective advantages of cloud platform and easy deployment. Furthermore, growing awareness about numerous benefits provided by this software, rapid changes in business models, and emerging trends of a cloud-based solution are accelerating the growth of the enterprise software market.
MARKET DYNAMICS
The increasing demand for business intelligence and analytics coupled with the rapid shifting toward cloud computing is one of the most significant factors influencing the growth of the enterprise software market. However, high cost and security concern is the key hindering factor for the growth of the enterprise software market. A surge in the adoption of ERP, SCM, BI, and CRM applications coupled with the increasing penetration with the IoT is driving the growth of the enterprise software market. Furthermore, the need to optimize business functions and rise in the number of medium-sized and large enterprises are expected to drive the growth of the enterprise software market.
MARKET SCOPE
The "Global Enterprise Software Market Analysis to 2028" is a specialized and in-depth study of the enterprise software industry with a special focus on the global market trend analysis. The report aims to provide an overview enterprise software market with detailed market segmentation by type, deployment type, enterprise size, end-user, and geography. The global enterprise software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading enterprise software market players and offers key trends and opportunities in the Enterprise software market.
MARKET SEGMENTATION
The global enterprise software market is segmented on the basis of type, deployment type, enterprise size, end-user. On the basis of type the market is segmented as enterprise resource planning (ERP), supply chain management (SCM), customer relationship management (CRM), business intelligence (BI), web conferencing, business process management (BPM), enterprise asset management (EAM), others. On the basis of deployment type the market is segmented as cloud, on-premises. On the basis of enterprise size the market is segmented as small and medium-size enterprises, large enterprises. On the basis of end-user the market is segmented as BFSI, IT and telecom, retail and ecommerce, manufacturing, oil and gas, healthcare, government, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Enterprise software market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The enterprise software market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting enterprise software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the enterprise software market in these regions.
MARKET PLAYERS
The reports cover key developments in the enterprise software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from enterprise software market are anticipated to lucrative growth opportunities in the future with the rising demand for enterprise software in the global market. Below mentioned is the list of few companies engaged in the enterprise software market.
The report also includes the profiles of key enterprise software companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Broadcom, Inc.
- Epicor Software Corporation
- Hewlett Packard Enterprise Development LP
- IBM Corporation
- Infor
- Microsoft Corporation
- Oracle Corporation
- Salesforce.com, Inc.
- SAP SE
- VMware, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.