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Enterprise Application Software Market by Deployment and Geography - Forecast and Analysis 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71884
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The enterprise application software market share is expected to increase by USD 104.68 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.23%.

This enterprise application software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers enterprise application software market segmentation by deployment (on-premise and cloud-based) and geography (North America, Europe, APAC, South America, and MEA). The enterprise application software market report also offers information on several market vendors, including Accenture Plc, Broadcom Inc., Cisco Systems Inc., Epicor Software Corp., International Business Machines Corp., Intuit Inc., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE among others.

What will the Enterprise Application Software Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Enterprise Application Software Market Size for the Forecast Period and Other Important Statistics

 

Enterprise Application Software Market: Key Drivers and Challenges

The introduction of cloud-based deployment solutions is notably driving the enterprise application software market growth, although factors such as threats from open-source enterprise application software providers may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the enterprise application software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Enterprise Application Software Market Driver

The increasing number of cloud-based deployment solutions is a key factor driving enterprise application software growth. Cloud services are used to deliver IT resources over the internet, these services can effectively deliver scalable IT infrastructure, Moreover, there has been a rise in the demand for cloud-based solutions due to growing needs to enhance businesses, hence, vendors are coming up with cloud-based enterprise applications. Thus, the rise in demand for cloud-based deployment solutions is expected to elevate the market growth of enterprise application software during the forecast period.

Key Enterprise Application Software Market Challenge

The availability of open-source enterprise application software providers is a key challenge for the global enterprise application software market growth. Applications software such as ERP, CRM, and SCM are available free of cost from a number of open-source vendors in the market on a large scale. The combination of multiple applications from various open-source vendors that can cover almost all the functionalities provided by cloud-based application software is a major threat. Hence, the increasing popularity of open-source products is expected to hamper the enterprise application software market growth during the forecast period.

This enterprise application software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Enterprise Application Software Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Accenture Plc
  • Broadcom Inc.
  • Cisco Systems Inc.
  • Epicor Software Corp.
  • International Business Machines Corp.
  • Intuit Inc.
  • Microsoft Corp.
  • Oracle Corp.
  • Salesforce.com Inc.
  • SAP SE

 

This statistical study of the enterprise application software market encompasses successful business strategies deployed by the key vendors. The enterprise application software market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The enterprise application software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Enterprise Application Software Market?

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39% of the market’s growth will originate from North America during the forecast period. The US is the key market for enterprise application software in North America. Market growth in this region will be faster than the growth of the market in Europe and MEA.

An increase in the need for business process efficiency and transparency through digital transformation will facilitate the enterprise application software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Deployment Segments in the Enterprise Application Software Market?

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The enterprise application software market share growth by the on-premise segment will be significant during the forecast period. The on-premises solution model is considered to be more secure than the cloud solutions and is attracting a large number of organizations dominating the market that handle critical data. These organizations are more concerned about secure functionality than being cost-effective. Therefore, the reliability and end-to-end secured data control with no third-party interference are expected to drive the segment of the on-premise enterprise application software market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the enterprise application software market size and actionable market insights on post COVID-19 impact on each segment.

 

Enterprise Application Software Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.23%

Market growth 2022-2026

$ 104.68 billion

Market structure

Fragmented

YoY growth (%)

4.89

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 39%

Key consumer countries

US, China, UK, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accenture Plc, Broadcom Inc., Cisco Systems Inc., Epicor Software Corp., International Business Machines Corp., Intuit Inc., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Enterprise Application Software Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive enterprise application software market growth during the next five years
  • Precise estimation of the enterprise application software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the enterprise application software industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of enterprise application software market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Deployment

    • Market segments
    • Comparison by Deployment
    • On-premise - Market size and forecast 2021-2026
    • Cloud-based - Market size and forecast 2021-2026
    • Market opportunity by Deployment

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • APAC - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Accenture Plc
      • Broadcom Inc.
      • Cisco Systems Inc.
      • Epicor Software Corp.
      • International Business Machines Corp.
      • Intuit Inc.
      • Microsoft Corp.
      • Oracle Corp.
      • Salesforce.com Inc.
      • SAP SE

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The enterprise application software market growth will increase by $104.68 billion during 2021-2026.
      The enterprise application software market is expected to grow at a CAGR of 7.23% during 2021-2026.
      Technavio has segmented the enterprise application software market by deployment (On-premise and Cloud-based) and geographic (North America, Europe, APAC, South America, and MEA).
      Accenture Plc, Broadcom Inc., Cisco Systems Inc., Epicor Software Corp., International Business Machines Corp., Intuit Inc., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE are a few of the key vendors in the enterprise application software market.
      North America will register the highest growth rate of 39.11% among the other regions. Therefore, the enterprise application software market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the enterprise application software market growth are:
      • Introduction of cloud-based deployment solutions
      The enterprise application software market vendors should focus on grabbing business opportunities from the on-premise segment as it accounted for the largest market share in the base year.
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