Enterprise Application Market forecast to exceed $287bn by 2024 - PowerPoint PPT Presentation

About This Presentation

Enterprise Application Market forecast to exceed $287bn by 2024


Read More @ Enterprise Application Market size was valued at USD 150 billion in 2015, and is anticipated to grow at 7.6% CAGR from 2016 to 2024. Cloud enterprise application market share is likely to gain prominence owing to low technology infrastructure cost and increased accessibility offered. Growing internet infrastructure is predicted to drive the cloud-based solution adoption over the forecast timeframe. – PowerPoint PPT presentation

Number of Views:27


Transcript and Presenter's Notes

Title: Enterprise Application Market forecast to exceed $287bn by 2024

Enterprise Application Market share to exceed
287bn by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights of Enterprise Application Market
  • According to the new market research report
    Enterprise application market Size By Product
    (CRM, ERP, SCM, Web Conferencing, Business
    Intelligence BI, BPM, CMS, EAM), By End-Use
    (Manufacturing, BFSI, Healthcare, Retail,
    Government, Aerospace Defense, Telecom IT),
    By Deployment (On-Premise, Cloud), Industry
    Analysis Report, Regional Outlook (U.S., Canada,
    UK, Germany, Japan, China, India, Mexico,
    Brazil), Application Potential, Price Trends,
    Competitive Market Share Forecast, 2016 2024
    Global Enterprise Application Market share
    contributed about 151 billion for 2015 and
    predicted to reach 287.7bn by 2024.
  • Enterprise application is a highly complex system
    deployed across corporate bodies to ensure real-
    time information flow along with smooth business
    operations. 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 market size. Enterprise
    application provides these industries with a wide
    set of solutions such as CRM, SCM, ERP, Business
    Intelligence BI, Web Conferencing, BPM, EAM,
    and CMS. These solutions enable the users with
    better inventory management, quality management,
    customer engagement, and supply chain management.
  • ERP market which accounted for 20 of the overall
    enterprise application share in 2015, is
    anticipated to register a CAGR of 7.7 over the
    coming eight years. Website content management,
    which has become an integral part of any
    organization is driving the growth of the CMS
    (Content Management System) market. CMS market
    share is estimated to exceed USD 8.5 billion by
    2024. Owing to the growing demand for customer
    engagement management, CRM segment will also
    witness significant growth over the coming years,
    accounting for over 25 of the overall enterprise
    application market share by 2024.

Asia Pacific Enterprise Application Market Size,
by end-use, 2013-2024 (USD Billion)


Browse Full Market Research Report Of Enterprise
Application Market _at_ https//tinyurl.com/jr3uyv8
Request for a Sample of this Research report _at_
  • Cloud based enterprise application, which
    accounted for 30 of the overall share in 2015,
    is gaining popularity among various sectors,
    particularly manufacturing and retail, due to
    increasing focus on cost optimization, growing
    internet connectivity and demand for enhanced
    accessibility. Also, on-premise deployment model
    is projected to witness a CAGR of 4.5 over the
    period of 2016-2024.
  • The implementation of enterprise application
    across various industries solely depends upon the
    requirements from the respective sectors.
    Enterprise application in the healthcare industry
    was worth USD 16.5 billion in 2015 and is
    forecast to grow at a CAGR of 8.9 from
  • The growth will primarily be driven by growing
    demand for real-time data transparency across
    this sector. Retail industry will also witness
    huge adoption of this system to ensure better
    customer management.

  • Global enterprise application market worth USD
    150 billion in 2015, is forecast to register a
    CAGR of 7.6 over the period of 2016-2024. The
    North America market size is estimated to account
    for 30 of the overall revenue by 2024, driven by
    modern organizational structure and
    customer-centric approach of the companies across
    this region. The Asia Pacific market is
    anticipated to record a CAGR of 9.5 over the
    coming eight years, hitting USD 75 billion by
  • Technological advancements coupled with
    cloud-based solution demand by SMBs is likely to
    drive the regional demand. Novel IT developments
    like Big Data and Internet of things will bring
    immense growth opportunities for the market
  • The participants will spend largely on RD to
    develop innovative products and solutions in
    order to meet growing technological needs and
    most importantly to sustain competition. Startups
    and small scale industries will also share decent
    business space over the coming timeframe. Key
    market participants are IBM, Oracle, , Microsoft,
    SAP, Epicor Software, IFS, Infor,
    Hewlett-Packard, and QAD.

Regional Insights
  • Global enterprise application market is segmented
    into geographical locations like Europe, MEA,
    North America, APAC and Latin America. U.S.
    enterprise application market contributed more
    than 30.1 billion for 2015. North American
    industry is predicted to contributed more than
    30.1 of overall revenue by end of forecast
    period. Industry expansion in the region can be
    attributed to factors like flexible organization
    structure and consumer centric approach of firms.
  • APAC enterprise application industry is projected
    to register significant expansion due to rising
    amount of startup firms along with presence of
    large amount of small scale firms in the region.
    It is predicted to register CAGR of about 9.51
    during forecast timeframe and projected to
    contribute about 75.1 billion in revenue terms
    by end of 2024. The regional industry growth is
    credited to factors like Chinese producers
    developing cost effective enterprise solutions
    and technological breakthroughs along with
    development of lightweight, innovative and
    compact equipments predicted to provide growth

Competitive Insights
  • Key industry players profiled in the report are
    Hewlett-Packard Company, IFS AB, Microsoft
    Corporation , Oracle Corporation, Epicor Software
    Corporation, QAD, IBM Corporation, Infor
    Incorporation and SAP AG.

Stay In Touch Website www.gminsights.com Soci
al Media
Write a Comment
User Comments (0)
About PowerShow.com