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Enterprise Application Market Size & Share, 2022 | Industry Report

Enterprise Application Market Analysis Report By Product, By End Use, By Deployment, By Region And Segment Forecasts From 2017 To 2022

Report ID: MN17619658  |  Published: May 2020  |  No of Pages: 100
Format: Electronic (PDF)  |  Industry: Computing & Technology  |  Publisher: Grand View Research

Industry Insights

The global enterprise application market size was accounted for USD 164.46 billion, in 2016. It is estimated to grow at a CAGR of 7.8% during the forecast period, 2015 to 2022. Enterprise application is a software solution that helps manufacturers to track production and manage inventory levels to deliver the best quality products and services and to cater to changing consumer demands and preferences. Moreover, it helps in managing the flow of inter departmental information to provide real-time and accurate solutions. These properties are expected to pave the way for market over the forecast period.

Several benefits such as quality management, optimization of production processes, customer engagement, and efficient utilization of resources are obtained by employing enterprise application solutions. Therefore, these software are specially designed to fulfill specific requirements of consumers. Moreover, increasing preference for access from remote locations coupled with growing penetration of smartphones and high speed internet are the factors projected to drive the growth of this industry during the forecast period.

North America Enterprise Application market

Rising adoption of enterprise application solutions among small and medium enterprises and start-ups is expected to boost the demand. These companies are striving to monitor and control business processes with limited funds, inadequate infrastructure, and low investments. Therefore, majority of such companies prefer cloud services. In addition, availability of variety of open sources that deliver such services and integrated solutions and high cost of maintenance are the factors projected to hamper the market growth. For instance, FriFinans, ProcessMaker, CitrusDB, and Magnolia are some of the open source enterprise application solutions that are commercially available.

Product Insights

Customer relationship management (CRM) held the market share of 15% across the global enterprise application market in 2014. The enterprise resource planning segment also held a significant market share across the global market. These software offer real-time and accurate flow of useful insights by monitoring and controlling various operations including accounting, order management, inventory control, and production processes. Furthermore, growing inclination towards content management is projected to boost the demand for content management system (CMS). This segment is projected to grow at a CAGR of 13.0% from 2015 to 2022. This growth is attributed to growing trend of content management for various websites and blogs. The segment of business intelligence (BI) accounted for the revenue of USD 15.91 billion in 2014. It is projected to attain significant growth with a CAGR of 8.0% from 2015 to 2022 owing to its efficiency in providing useful insights of consumers, their buying patterns, and up-selling & cross-selling opportunities.

End-use Insights

Based on end use, the market for enterprise application solutions is divided into several segments including BFSI, retail, government, manufacturing services, telecom and IT, healthcare, chemicals, aerospace and defense, travels, media & entertainment, and oil and gas.

Europe enterprise application market

The segment of healthcare is projected to grow at a CAGR of 8.0% from 2015 to 2022 owing to rising demand for accurate and real-time flow of useful insights along with data transparency to develop services that are patient-centric.Oracle, SAP, and Infor, are the major providers of healthcare solutions that ensure quality of services, patient safety, overall performance, and cost efficiency.

Deployment Insights

By deployment, the market is further divided into two segment: on-premise and cloud. The on-premise segment held the largest market share in 2014 and is projected to maintain its dominance across the global market from 2015 to 2022.

In 2014, the cloud segment held the revenue share of 31.0% across the global market. Cloud services are gaining high popularity among the SMEs and startups due to factors such as low investments, inadequate infrastructure, and limited funds. Moreover, these solutions offer various benefits which is expected to further drive the growth.

Regional Insights

In 2014, North America held the largest market share across the global market and is projected to attain a steady growth over the forecast period owing to rising adoption of customer-centric business models and growing concerns regarding lowering the production costs. Moreover, changing organizational structures and rising adoption of emerging technologies in this region are projected to create potential growth opportunities for using enterprise application solutions over the forecast period.

The market in Europe is projected to attain the fastest growth at a CAGR of 6.0% from 2015 to 2022. Moreover, Asia Pacific is projected to attain significant growth over the forecast period due to rising number of SMEs and startups coupled with rising adoption of cloud-based services in this region.

Enterprise Application Market Share Insights

Leading players operating in this industry include Microsoft Corporation; Oracle; Hewlett Packard (HP); QAD Inc.; IBM Corporation; SAP; Infor; Epicor Software Corp.; and IFS AB. These companies are focusing mergers and acquisitions, product innovation, and new product launches to expand their product portfolio and enhance their global presence. For instance, in 2014, Oracle went into acquisition with Front Porch Digital to enter in the market of content management system (CMS) solutions.  In addition, the company introduced Oracle Marketing cloud-based service for enhancing consumer experience. Furthermore, IBM Corporation invested more than USD 8 billion to acquire 18 companies that are into market of cloud-based services.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2012 - 2015

Forecast period

2017 - 2022

Market representation                                

Revenue in USD Billion and CAGR from 2017 to 2022

Region scope

North America, Europe, Asia Pacific, ROW.

Report coverage      

Revenue forecast, company share, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analysts working days)

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional,and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2014 to 2022. For the purpose of this study, Million Insights has segmented the global enterprise application market report based on product, end use, deployment, and region:

• Product Outlook (Revenue, USD Billion, 2012 - 2022)
    • CRM
    • ERP
    • SCM
    • Web Conferencing
    • BI
    • BPM
    • CMS
    • EAM
    • Others

• End-use Outlook (Revenue, USD Billion, 2012 - 2022)
    • Manufacturing
    • BFSI
    • Healthcare
    • Retail
    • Government
    • Aerospace & Defense
    • Telecom & IT
    • Others

• Deployment Outlook (Revenue, USD Billion, 2012 - 2022)
    • On-premise
    • Cloud

• Regional Outlook (Revenue, USD Billion, 2012 - 2022)
    • North America
    • Europe
    • Asia Pacific
    • RoW

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