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

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?

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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.

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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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