Global Enterprise Application Market to Reach USD 571.2 Billion by 2033, Impelled by Expansion of Businesses

December 23, 2024 | Technology & Media

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According to the latest report by IMARC Group, titled "Enterprise Application Market Report by Solution (Customer Relationship Management, Enterprise Resource Planning, Supply Chain Management, Analytics and Business Intelligence, Human Capital Management, Productivity Tools, and Others), Organization Size (Small and Medium Enterprises, Large Enterprises), Deployment Mode (On-premises, Cloud-based), End User (BFSI, Manufacturing and Retail, Healthcare and Pharmaceuticals, IT and Telecommunication, Government, and Others), and Region 2025-2033," the global enterprise application market reached a value of USD 314.9 Billion in 2024. Enterprise applications refer to software platforms that are mainly used to facilitate coordination and cooperation of work across the organization. They integrate core business processes, including accounting, sales, finance, inventory, human resources and manufacturing, that help an enterprise in a data-centric decision-making process. Its implementation enables real-time and accurate business information flow across businesses. The demand for enterprise applications is increasing across the globe due to their several benefits, such as standardized business processes, automation of workflow, balanced financial structure, easy tracking of supply chain process and easy accessibility to data archives in a cost-efficient manner.

Global Enterprise Application Market Trends:

The global market is primarily driven by significant growth in the information technology (IT) sector. Along with this, rapid digitization across the globe has encouraged leading players to heavily invest in the deployment of these solutions. Additionally, the emergence of consulting services among organizations on the global level is providing a boost to the demand for enterprise applications. Moreover, continuous technological advancements and the integration of the internet of things (IoT), artificial intelligence (AI) and machine learning (ML) with these systems are providing an impetus to the market growth. Furthermore, the rapid outbreak of coronavirus disease (COVID-19) and the rising adoption of work-from-home models are considered to be major growth-inducing factors. Other factors, including rapid urbanization, geographic expansion of businesses, intensive business competition, continuous innovation in the software solution, the widespread utilization of connected devices across enterprises and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of USD 571.2 Billion by 2033, exhibiting a CAGR of 6.5% during 2025-2033.

Market Summary:

On the basis of the solution, the market has been segregated into customer relationship management, enterprise resource planning, supply chain management, analytics and business intelligence, human capital management, productivity tools and others.
Based on the organization size, the market has been categorized into small and medium and large enterprises.
On the basis of the deployment mode, the market has been classified into on-premises and cloud-based.
Based on the end-user, the market has been segmented into BFSI, manufacturing and retail, healthcare and pharmaceuticals, IT and telecommunication, government and others.
On the basis of the region, the market has been divided into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Accenture plc, Fujitsu Limited, Infosys Limited, International Business Machines Corporation, iTransition Group, Microsoft Corporation, Oracle Corporation, Pegasystems Inc., Salesforce.com Inc., SAP SE, Software AG and Tata Consultancy Services Limited.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Solution, Organization Size, Deployment Mode, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Accenture plc, Fujitsu Limited, Infosys Limited, International Business Machines Corporation, iTransition Group, Microsoft Corporation, Oracle Corporation, Pegasystems Inc., Salesforce.com Inc., SAP SE, Software AG and Tata Consultancy Services Limited
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Enterprise Application Market to Reach USD 571.2 Billion by 2033, Impelled by Expansion of Businesses

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