Enterprise Software Market – Global Industry Analysis and Forecast (2023-2029)

Enterprise Software Market was worth US$ 426.63 Mn in 2022 and total revenue is expected to grow at a rate of 6.15% CAGR from 2023 to 2029, reaching almost US$ 647.89 Mn in 2029

Enterprise Software Market Overview:

The ERP software industry's supply is centralized, with the top five vendors accounting for half of the entire global market share they are Microsoft, Oracle and IBM etc. The market is changing and evolving, with worldwide vendors creating user-friendly interfaces and functionalities for consumers' comfort, gradually displacing the previous ERP software's excessive complexity. Due to cost savings and quick access to apps via Cloud and mobile devices, cloud ERP deployment is increasingly being favored over on-premise ERP deployment. Web conferencing, business intelligence, project and portfolio management, customer relationship management, enterprise resource planning, digital content creation, enterprise content management, and supply chain management are some of the line-of-business operations for which enterprise software is widely used by organizations across industry verticals. To obtain a major competitive edge, enterprise software tries to improve efficiency and productivity.Enterprise Software MarketTo know about the Research Methodology :- Request Free Sample Report

Enterprise Software Market Dynamics:

Enterprise resource planning (ERP) is a modular software system that combines important functional areas of a company's business activities into a single system. An ERP system consists of fundamental software components, referred to as modules that focus on critical business areas including finance and accounting, human resource (HR), production and materials management, customer relationship management (CRM), supply chain management, and so on. Depending on the relevance of the business, organizations choose which essential modules to use. Traditional ERP technology has been around for a long time, but with the spread of modern technologies like IOT, AI and Big data Analytics, the industry has grown. The enterprise resource planning market is likely to benefit from increased technological innovation in Asia-Pacific countries such as India, China, Australia, and Singapore. Organizations can discover and reduce issues such as superfluous assets by integrating ERP with IoT-based devices. Also, IoT technology automates processes, ensuring that plant operations function smoothly without the need for human intervention. The rising trend of big data analytics and cloud computing is a key driver of the global enterprise software market's expansion. Cloud computing, corporate software adoption across numerous industrial verticals, increased information technology (IT) budgets, and rising need for business intelligence & analytics are all likely to fuel market expansion. Another major element expected to enhance market growth is the increased adoption of customer relationship management (CRM) and enterprise resource planning (ERP). Human resources, business intelligence, manufacturing, customer relationship management, sales and service, planning, inventory and materials management, purchasing, finance and accounting, and marketing are just a few of the line-of-business operations for which enterprise software is increasingly being used by organizations around the world and across most industry verticals.

Enterprise Software Market Segment Analysis:

Global Enterprise Software Market can be sub-segmented into End user and Solution. Based on End user, the market is sub-segmented into by end users; cloud service providers segment held 28.76% of market share in 2022 and is expected to keep its dominance over forecast period owing to proliferation of cloud services. An increasing network complexity is also driving the growth of this segment over forecast period. Cloud service providers are followed by enterprises and BFSI segments. Enterprises segment is expected to hold 21.34% of market share over forecast period. SMEs and Large Enterprises are adopting enterprise software at high rates. Growing investments by large-scale IT industries pertaining to modernization and consolidation of IT infrastructure are driving the growth of this segment over forecast period. Based on Solution, the market is sub-segmented into SDN Switching and Cloud Virtualization. SAP offers its solutions such as SDN switching and Cloud virtualization to various end users. In January 23, 2019 SAP acquired Qualtrics. SAP and Qualtrics will be creating enterprise software for the organization to help them in delivering exceptional customer, employee, product, and brand experiences.

Regional Insights:

In 2022, North America dominated the entire ERP market share, owing to a variety of factors including the penetration of new industries and the improvement in the economy. Also, due to the low cost of deployment and maintenance, firms in this region are shifting from on-premise to cloud-enabled ERP software. The industry is likely to benefit from the presence of a large number of cloud ERP solution vendors across the United States and Canada. With roughly 58 %, North America is the most popular location for SaaS and Cloud implementation. Business intelligence, big data, and analytics capabilities are emerging as promising areas for the ERP market, with ERPs being utilised for more than just data reporting, allowing clients to make more robust and intelligent decisions. As a result, the enterprise resource planning (ERP) software industry is expected to grow as a result of technical innovations and adoptions. Objective of the report is to present a comprehensive analysis of the Global Enterprise Software market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global market dynamics, structure by analyzing the market segments and project the Global Enterprise Software market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Enterprise Software market make the report investor’s guide

Global Enterprise Software Market Scope: Inquire before buying

Global Enterprise Software Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 426.63 Mn.
Forecast Period 2023 to 2029 CAGR: 6.15% Market Size in 2029: US $ 647.89 Mn.
Segments Covered: by Solutions SDN Switching Cloud Virtualization
by End User Cloud Service Providers Retail Banking Financial Services and Insurance (BFSI) Enterprises Academia and Government Healthcare and Life Sciences Telecommunication Service Providers Others
by Type Business Intelligence (BI) Supply Chain Management (SCM) Web Conferencing Collaboration Customer Relationship Management Enterprise Resource Planning (ERP) Others
by Organization Size Small & Medium Enterprises Large Enterprises
by Deployment On-premises Cloud-based
by Application Order Processing Procurement Scheduling Supply Chain Customer Information Management Sales Accounting Web Services

Global Enterprise Software Market, by Region

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Key player

1. PayPal Holdings, Inc. 2. Samsung Electronics Co., Ltd 3. VISA Inc. 4. Amazon Web Services Inc. 5. American Express Banking Corp. 6. Apple Inc. 7. Alipay.com 8. AT&T Inc. 9. Google Inc. 10. JP Morgan Chase 11. Tencent 12. Ant Financial 13. One97 Communications Limited 14. Vodafone 15. Skrill 16. Sprint Corporation 17. Well Fargo 18. First Data

Frequently Asked Questions:

1)What was the market size of Global Enterprise Software Market markets in 2022? Ans - Global Enterprise Software Market was worth US$ 426.63 Mn in 2022. 2) What is the market segment of Global Enterprise Software Market markets? Ans -The market segments are based on Solutions, End-users, Type, Organization size, Deployment, Application and Region. 3) What is forecast period consider for Global Enterprise Software Market? Ans -The forecast period for Global Enterprise Software Market is 2023 to 2029 4) Which are the worldwide major key players covered for Global Enterprise Software Market report? Ans - PayPal Holdings, Inc., Samsung Electronics Co., Ltd, VISA Inc., Amazon Web Services Inc., American Express Banking Corp., Apple Inc., Alipay.com, AT&T Inc., Google Inc., JP Morgan Chase, Tencent, Ant Financial, One97 Communications Limited, Vodafone, Skrill, Sprint Corporation, Well Fargo, First Data. 5) Which region is dominated in Global Enterprise Software Market? Ans - In 2022, Asia Pacific region dominated the Global Enterprise Software Market.
1. Global Enterprise Software Market: Research Methodology 2. Global Enterprise Software Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Enterprise Software Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Enterprise Software Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 . COVID-19 Impact 4. Global Enterprise Software Market Segmentation 4.1 Global Enterprise Software Market, Solutions (2022-2029) • SDN Switching • Cloud Virtualization 4.2 Global Enterprise Software Market, End User (2022-2029) • Cloud Service Providers • Retail • Banking • Financial Services and Insurance (BFSI) • Enterprises • Academia and Government • Healthcare and Life Sciences • Telecommunication Service Providers • Others 4.3 Global Enterprise Software Market, Type (2022-2029) • Business Intelligence (BI) • Supply Chain Management (SCM) • Web Conferencing Collaboration • Customer Relationship Management • Enterprise Resource Planning (ERP) • Others 4.4 Global Enterprise Software Market, Organization Size (2022-2029) • Small & Medium Enterprises • Large Enterprises 4.5 Global Enterprise Software Market, Deployment (2022-2029) • On-premises • Cloud-based 4.6 Global Enterprise Software Market, Application (2022-2029) • Order Processing • Procurement • Scheduling • Supply Chain • Customer Information Management • Sales Accounting • Web Services 4.7 Global Enterprise Software Market, by Region (2022-2029) • North America • Europe • Asia Pacific • The Middle East and Africa • South America 5. North America Enterprise Software Market(2022-2029) 5.1 North America Enterprise Software Market, Solutions (2022-2029) • SDN Switching • Cloud Virtualization 5.2 North America Enterprise Software Market, End User (2022-2029) • Cloud Service Providers • Retail • Banking • Financial Services and Insurance (BFSI) • Enterprises • Academia and Government • Healthcare and Life Sciences • Telecommunication Service Providers • Others 5.3 North America Enterprise Software Market, Type (2022-2029) • Business Intelligence (BI) • Supply Chain Management (SCM) • Web Conferencing Collaboration • Customer Relationship Management • Enterprise Resource Planning (ERP) • Others 5.4 North America Enterprise Software Market, Organization Size (2022-2029) • Small & Medium Enterprises • Large Enterprises 5.5 North America Enterprise Software Market, Deployment (2022-2029) • On-premises • Cloud-based 5.6 North America Enterprise Software Market, Application (2022-2029) • Order Processing • Procurement • Scheduling • Supply Chain • Customer Information Management • Sales Accounting • Web Services 5.7 North America Enterprise Software Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Enterprise Software Market (2022-2029) 6.1. European Enterprise Software Market, Solutions (2022-2029) 6.2. European Enterprise Software Market, End User (2022-2029) 6.3. European Enterprise Software Market, Type (2022-2029) 6.4. European Enterprise Software Market, Organization Size (2022-2029) 6.5. European Enterprise Software Market, Deployment (2022-2029) 6.6. European Enterprise Software Market, Application (2022-2029) 6.7. European Enterprise Software Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Enterprise Software Market (2022-2029) 7.1. Asia Pacific Enterprise Software Market, Solutions (2022-2029) 7.2. Asia Pacific Enterprise Software Market, End User (2022-2029) 7.3. Asia Pacific Enterprise Software Market, Type (2022-2029) 7.4. Asia Pacific Enterprise Software Market, Organization Size (2022-2029) 7.5. Asia Pacific Enterprise Software Market, Deployment (2022-2029) 7.6. Asia Pacific Enterprise Software Market, Application (2022-2029) 7.7. Asia Pacific Enterprise Software Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Enterprise Software Market (2022-2029) 8.1 Middle East and Africa Enterprise Software Market, Solutions (2022-2029) 8.2. Middle East and Africa Enterprise Software Market, End User (2022-2029) 8.3. Middle East and Africa Enterprise Software Market, Type (2022-2029) 8.4. Middle East and Africa Enterprise Software Market, Organization Size (2022-2029) 8.5. Middle East and Africa Enterprise Software Market, Deployment (2022-2029) 8.6. Middle East and Africa Enterprise Software Market, Application (2022-2029) 8.7. Middle East and Africa Enterprise Software Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Enterprise Software Market (2022-2029) 9.1. South America Enterprise Software Market, Solutions (2022-2029) 9.2. South America Enterprise Software Market, End User (2022-2029) 9.3. South America Enterprise Software Market, Type (2022-2029) 9.4. South America Enterprise Software Market, Organization Size (2022-2029) 9.5. South America Enterprise Software Market, Deployment (2022-2029) 9.6. South America Enterprise Software Market, Application (2022-2029) 9.7. South America Enterprise Software Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 PayPal Holdings, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Samsung Electronics Co., Ltd 10.3 VISA Inc. 10.4 Amazon Web Services Inc. 10.5 American Express Banking Corp. 10.6 Apple Inc. 10.7 Alipay.com 10.8 AT&T Inc. 10.9 Google Inc. 10.10 JP Morgan Chase 10.11 Tencent 10.12 Ant Financial 10.13 One97 Communications Limited 10.14 Vodafone 10.15 Skrill 10.16 Sprint Corporation 10.17 Well Fargo 10.18 First Data
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