About Enterprise Architecture Software
Enterprise architecture software are given tools to organize a business’s operations, processes, and standards to visualize and understand the company’s structure. They support high-level project portfolio management to plan the business structure, processes, and asset utilization. They also assist in IT portfolio, risk, requirements, project, and business process management. Moreover, enterprise architecture software is designed for project planning and managing technological execution, policies, and organization this has led to projected significant growth of the market in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The enterprise architecture software market is fragmented as the market has a number of companies that offer management software and there are lots of new companies entering the enterprise architecture software market due to the relative ease of developing software. The companies are exploring the market by expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Enterprise Architecture 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), SAP SE (Germany), Software AG (Germany), Sparx Systems (Australia), BiZZdesign (Netherlands), FIOS Insight, LLC (United States), Avolution (Australia), Vitech Corporation (United States), Planview (United States) and Erwin, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are IDERA Software (United States), MEGA International (France) and Future Tech Systems (India).
Segmentation Overview
AMA Research has segmented the market of Global Enterprise Architecture Software market by Type (Business Architecture, Information Architecture, Application Architecture and Technology Architecture), Application (Application Portfolio Management, Architecture Governance, Capability Mapping, Diagramming, Idea Management, Modeling & Simulation, Project Management, Risk Assessment and Others) and Region.
On the basis of geography, the market of Enterprise Architecture 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 Deployment Mode, the sub-segment i.e. On-premises will boost the Enterprise Architecture Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise Size, the sub-segment i.e. SMEs will boost the Enterprise Architecture Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Price Range, the sub-segment i.e. Monthly Subscription will boost the Enterprise Architecture Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Enterprise Architecture Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption AI and Big Data in Enterprise Architecture Software
Market Growth Drivers:
Increasing Demand for Enterprise Information Technology Architecture and Growing Demand for IT Portfolio Planning and IT Asset Management
Challenges:
Lack of Skilled Working Professionals
Restraints:
High Cost Associated with Enterprise Architecture Software
Opportunities:
Rising Adoption of Advanced Enterprise Architecture Tools in Different Industry Verticals
Market Leaders and their expansionary development strategies
In Aug. , 2023 IBM announced it has completed its acquisition of Apptio Inc. after receiving all required regulatory approvals. The acquisition gives clients the ability to derive additional value through the powerful combination of Apptio and IBM.
In September 2020 LeanIX, a provider of Software-as-a-Service solutions for Enterprise Architecture (EA) and Cloud Governance, released its Business Transformation Management (BTM) Module for the award-winning LeanIX Enterprise Architecture Suite.
Key Target Audience
Enterprise Architecture Software Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users 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.