Enterprise software is also known as enterprise application software. It handles several operations of an organization and enhances the efficiency of businesses and management tasks. Enterprise software is mainly designed for the entire organization and it provides various business-oriented services including interactive automated billing systems, security, IT service management, and many others. It offers a single platform to handle several business functionalities.
Increasing adoption of the technologies such as cloud computing, IoT, big data and others drive the growth of the enterprise software market, globally. Growing business expansions enhances the need to manage the business operations effectively. Hence, growing businesses fuel the growth of enterprise software market. The remote access facility provided by the cloud based enterprise solution also has a positive impact on the growth of the market.
The study analyses the global enterprise software market based on deployment type, organization size, vertical, and geography.
Deployment of enterprise software can be done on cloud and on premises. The on-premise enterprise software is mainly designed for the back office transactional activities including accounting, product management, inventory control and others. The cloud based enterprise software is likely to grow at the fastest rate as it provides unlimited storage space, quick deployment, easy backup and restore.
Based on organizational size enterprise software market is segmented into large organizations and small and medium sized organizations. The adoption rate of enterprise software is increasing in small and medium-scale organizations which helps them to gain a competitive edge over their competitors and enhances their overall business performance.
Major verticals of enterprise software covered in the study are BFSI, consumer goods, transportation and logistics, IT & telecom, retail, and manufacturing, etc. The retail segment is likely to witness high growth in the future period.
The key competitors of this market include SAP SE, IBM Corporation, Oracle Corporation, Epicor Software Corporation, Salesforce.com, Inc., IFS, Infor, QAD Inc., Microsoft Corporation, and Hewlett-Packard.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World. North America held the largest market share of the enterprise software market and is likely to dominate the market over the estimated time frame.
The study analyses the global enterprise software market based on deployment type, organization size, end-users, and geography. Deployment of enterprise software can be done by cloud-based solutions and on premises solutions. Based on organizational size enterprise software market is segmented into large organizations and small-sized organizations. Major verticals of enterprise software covers in the study are BFSI, consumer goods, manufacturing, transportation and logistics, telecom, IT, retail, and manufacturing, etc. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World.
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