About Enterprise Software
Enterprise software, also called enterprise application software which is used in small and large organizations including government and business. It offers business-oriented tools including automated billing systems and online payment processing. Moreover, enterprise software are highly beneficial for numerous industries such as healthcare, academia, logistics & transportation, customer goods and retails and other
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Enterprise Software is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Enterprise Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Microsoft (United States), AWS (United States), Intel (United States), Google (United States), SAP (Germany), Sentient Technologies (United States), Oracle (United States), HPE (United States) and Wipro (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Mentor Graphics (United States), Symantec (United States), Infosys (India), Slack Technologies (United States), TIBCO Software (United States) and VMware (United States).
Segmentation Overview
AMA Research has segmented the market of Global Enterprise Software market by Type (Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Supply Chain Management, Business Intellegence (BI), Enterprise Content Management (ECM) and Web-Conferencing & Collaboration), Application (BFSI, Media & Entertainment, Transportation, Telecommunication, Healthcare & Life Sciences, Energy & Utilities and Others) and Region.
On the basis of geography, the market of Enterprise Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Large Enterprises will boost the Enterprise Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution Type, the sub-segment i.e. Cloud Virtualization will boost the Enterprise Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The emergence of Cloud Technology and Integration of Artificial Intelligence
Market Growth Drivers:
Growing Demand for Business Intelligence and Analytics and Increase in the Demand in the E-Commerce and Retail Sectors
Challenges:
Complexities Related to The Migration of Existing Data and Low Adoption Rate Due to Privacy issues and Complexities in the Design
Restraints:
Customization and Flexibility Issues and High Cost of Support and Licensing
Opportunities:
Surging Automotive, Industrial sectors and IT Infrastructure in Emerging Economies and Increasing Number of Small-Medium Sized Businesses Worldwide
Market Leaders and their expansionary development strategies
In December 2023, Microlise Group announced its latest strategic acquisition of Enterprise Software Systems Limited (ESSL). The acquisition, subject to CMA approval, has strengthen Microlise’s TMS portfolio, further demonstrating its commitment to growth and innovation. It is expected to immediately enhance earnings.
In January 2024, New Delhi, Chip giant Intel has announced a new enterprise-focused generative AI (GenAI) software company called Articul8 with global investment firm DigitalBridge Group.
California Consumer Privacy Act (CCPA) is passing a law for protection of data in United States which will be effective by January, 2020. It is expected to be country’s highest commendable security and privacy law. Also, SEC is taking risk prohibiting steps to overcome breaches in financial sectors specific to public listed companies to increase risk assurance. European Union laws (GDPR) is taking important measures to protect data privacy and is expected to impact ~4% of global annual sales
Key Target Audience
Enterprise Software Vendors, Enterprise Service Providers, System Integrators, Enterprise System Investors, Cloud Vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.