$104.68 Billion Growth Expected in Enterprise Application Software Market | Driven by the growing number of cloud-based deployment solutions

Technavio expects the enterprise application software market to grow by $104.68 billion between 2021 and 2026, growing at a CAGR of 7.23% during the forecast period.

Introduction of cloud-based deployment solutions, rising need to improve business efficiency, and increasing demand for ERP software from SMBs are the major factors propelling the growth of the market. However, factors such as threats from open source enterprise application software vendors, data privacy and security issues, and integration challenges from non-scalable applications will hamper the market growth.

Enterprise Application Software Market: Deployment Landscape
By deployment, the on-premises segment has generated maximum revenue in the market in 2021. The increasing reliance on the on-premises model by organizations that focus on functionality rather than profitability is driving the growth of the segment. Moreover, the proliferation of SMBs and innovations in data security are expected to contribute to the growth of the segment.

Enterprise Application Software Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. Around 39% of the overall market growth is expected to come from North America. The enterprise application software market in North America is driven by the increasing need for business process efficiency and transparency through digital transformation. The United States is the key market for enterprise application software in North America.

Download our free report for additional highlights on the major revenue-generating segments and regions in the market.

Companies covered:

• 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

What our reports offer:

• Market share assessments for regional and country segments
• Strategic recommendations for new entrants
• Covers market data for 2021, 2022, through 2026
• Market Trends (Drivers, Opportunities, Threats, Challenges, Investment Opportunities and Recommendations)
• Strategic recommendations in key business segments based on market estimates
• Competitive landscaping mapping key common trends
• Company profiling with detailed strategies, financials and recent developments
• Supply chain trends mapping the latest technological advancements

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Server Storage Market by Type and Geography – Forecast and Analysis 2022-2026

Security Assurance Market by Deployment and Geography – Forecast and Analysis 2022-2026

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