Enterprise Software Market - Forecast(2021 - 2026)

The Enterprise Software Market is forecast to reach $545m by 2025 and is estimated to grow at a CAGR of 6.15% during the forecast period 2019-2025. The growth of the market can be attributed to increased adoption of cloud-based services in small and medium-sized organizations. Small organizations are integrating cloud-based technology into their businesses to lower the upfront costs and access business-critical applications at the convenient time and place. The IT spending on enterprise software was increased at a rate of 9% during 2017-18, where most of these spending were specific to cloud-based enterprise technology. Companies are widely adopting cloud-based enterprise software to scale up businesses with minimum investment. Enterprise software increases efficiency and accelerates the overall productivity of an organization thus, witnessing faster adoption. 


Enterprise Software Market Report Coverage

The report: “Enterprise Software Market – Forecast (2019-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Enterprise Software Market. 
By Types: Enterprise Software, System Software, Microsoft Windows, iOS, Linux, Application Software, Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Business Intelligence (BI), Supply Chain Management (SCM), Software as a Service(SAS), Cloud Computing
By Development type: Proprietary Software, Outsourcing Software, Application Service Providers (ASP)
By Application: Supply Chain, Customer Information Management, Sales Accounting, Web Services, Energy Management, Government.

Key Takeaways

  • Companies are widely adopting cloud-based enterprise software to scale up businesses with minimum CAPEX investment. 

  • By 2019, approximately 75-80% of enterprises will deploy at least one enterprise computing application on the cloud.

  • The major players in this market are SAP AG, Oracle Corporation, Microsoft Corporation, Infor Inc., Kronos Incorporated, and IBM Corporation.

  • The growing number of hyper-scale data centers in the U.S. is the key driver of enterprise software market in the country.


Enterprise Software Marke

t Segment Analysis - By Types

The Enterprise Software market is poised to grow at rapid pace owing to wide range of applications in supply chain and maintaining customer relationships. The worldwide supply chain management market grew by 13.9% in 2017 and reached $12.2 Billion (as per Forbes). Organizations are adopting cloud-based Supply Chain Management (SCM) solutions to enable new digitally-based business models in optimizing their supply chain and increase their profitability at a faster pace through cost reduction. Cloud-based SCM applications are designed to flex and scale according to the needs of globally distributed supplier networks, thus enabling organizations to be more responsive to market demands. The growth in these supply chain management Enterprise Software is driving the total Enterprise Software Market and the market is forecast to reach $545m by 2025 and is estimated to grow at a CAGR of 6.15% during the forecast period 2019-2025.


Enterprise Software Market Segment Analysis - By Geography

According to the U.S. Small Business Administration, there are 30.2 billion small and medium-sized businesses in the country, many of whom use enterprise software to reduce costs and complexity involved in internal technological systems.  In 2019, the U.S. holds more than 60% of global cloud spending.  Voluminous presence of hyper-scale data centers in the U.S. is the key factor to hold dominant market share for cloud-based technology. This leads to rising demand for cloud-based enterprise software in the U.S. and hence, the region contributes nearly 25% market share in the global enterprise software market.

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