$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.

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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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Scope of the enterprise application software market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 7.23%

Market Growth 2022-2026

$104.68 billion

Market structure

Fragmented

Annual growth (%)

4.89

Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 39%

Main consumer countries

United States, China, United Kingdom, Japan and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Accenture Plc, Broadcom Inc., Cisco Systems Inc., Epicor Software Corp., International Business Machines Corp., Intuit Inc., Microsoft Corp., Oracle Corp., Salesforce.com Inc. and SAP SE

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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