Home > Electronics & Media > Enterprise Application Market

Enterprise Application Market Size, By Product (Customer Relationship Management [CRM], Enterprise Resource Planning [ERP], Supply Chain Management [SCM], Business Intelligence [BI], Enterprise Asset Management [EAM]), By Deployment (On-premise, Cloud), By Industry Vertical (Manufacturing [Semiconductor & Electronics, Heavy Metals & Machinery, Chemicals & Pharma, Defense, Automobile, Food & Beverage, Textile, Lumber & Wood], BFSI [Banking, Fintech, Insurance], Healthcare [Healthcare Facilities, Medical Devices & Equipment, Pharmaceutical Distribution, Healthcare Services], Retail [E-commerce, Supermarket/Hypermarket, Specialty Stores, Warehouses], Telecom & IT [Telecom Sector, IT Sector]), COVID-19 Impact Analysis, Regional Outlook Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI701
  • Published Date: Apr 2022
  • Report Format: PDF

Industry Trends

Enterprise Application Market size exceeded USD 200 billion in 2021 and is set to grow at a CAGR of over 5% from 2022 to 2028.
 

The enterprise application market growth is attributed to the growing importance of business-oriented enterprise applications, which can be customized for critical business requirements and deployed on various platforms across corporate networks. Enterprise application solutions coupled with machine learning models enable enterprises to decrease uncertainty and make data-driven business decisions. Enterprise application is highly suited for promoting easier communication, improving business efficiency, and creating new opportunities for market expansion.
 

Europe Enterprise Application Market

Get more details on this report - Request Free Sample PDF
 

Enterprise application is software deployed to integrate all the aspects of a firm's operations and processes such as accounting, finance, human resources, inventory control, manufacturing, marketing, sales, distribution & resource planning. Advanced enterprise applications provide linkages with customers, business partners, and suppliers to optimize revenue while ensuring high customer satisfaction.
 

The enterprise application market has witnessed rapid amplification during the ongoing COVID-19 pandemic. As enterprises realize the importance of the latest & updated business software, which depict the most recent impact of COVID-19 on supply chains and demand, the demand for enterprise application has risen sharply across the globe. The importance of enterprise application in the healthcare industry has become even more paramount, considering that multiple strains of COVID-19 have evolved.
 

Spike in the deployment of CRM solutions for empowering sales automation in UK

UK Enterprise Application Market Share By Product

Get more details on this report - Request Free Sample PDF
 

In the UK, the CRM product segment held over 30% enterprise application market share in 2021, owing to the increasing uptake of CRM enterprise applications for the implementation of AI, big data, IoT, and connected devices. CRM solutions boost employee productivity, enhance customer engagement & retention, and offer various other business benefits.
 

Based on product by industry vertical, the healthcare sector will account for a significant share of the CRM segment by 2028. Healthcare providers deal with a massive number of private and confidential datasets of their customers, thus requiring reliable CRM solutions for management. These solutions also help providers access customer data quickly, reducing the chances of casualties. The ongoing COVID-19 pandemic has considerably augmented CRM use in healthcare facilities. The adoption of cloud CRM in healthcare is increasing due to the heightened use of connected medical devices.
 

High degree of scalability to cause rapid propulsion of cloud-based enterprise applications in Japan

Japan Enterprise Application Market Size By Deployment Model

Get more details on this report - Request Free Sample PDF
 

The cloud segment dominated around 55% Japan enterprise application market share in 2021, due to an increase in the usage of cloud services to reduce the cost of ownership across various industries. Cloud-based deployment helps enterprises to manage their business operations during the pandemic and allows users to work remotely & execute day-to-day operations.
 

The hybrid cloud computing service model makes use of both public and private clouds, which are bound together by technology to share data and applications. It provides deployment options, flexibility to businesses, and lets them optimize their existing security compliance & infrastructure. This flexibility in business operations is one of the major factors impelling the market expansion.
 

Growing role of asset management in intelligent production facilities is reshaping the U.S. enterprise application market

U.S. Enterprise Application Market Size By Manufacturing Industry Vertical

Get more details on this report - Request Free Sample PDF
 

In the U.S. enterprise application market, the manufacturing segment is poised to witness a substantial growth rate of 5% during the forecast period, as automotive manufacturers in the region are transitioning toward leveraging enterprise applications to streamline production and shift toward Industry 4.0 practices.
 

Within the manufacturing segment, the heavy metals & machinery segment is expected to gain nearly 10% through 2028. Machine & equipment manufacturing companies deploy EAM solutions to monitor and support efficient operations of modern automated production lines.
 

Matured manufacturing landscape and shift towards cloud EAM are fostering the market expansion across Europe

Europe Enterprise Application Market Share By Country

Get more details on this report - Request Free Sample PDF
 

Europe enterprise application market is anticipated to reach USD 80 billion in revenue by 2028. The European market is characterized by the surging adoption of lean manufacturing practices by several organizations and increasing focus on providing cloud-based EAM solutions to satisfy customer demands across the energy & utility landscape. Moreover, the market growth is strongly supported by regulatory developments within the European power sector that continues to shift toward green methods.
 

Hefty R&D investments to fuel innovation and amplify product performance are emerging as the key go-to-market strategies

Some of the key players operating in the industry are Adobe, Inc., Epicor Software Corporation, Fiserv, Inc., Genesys Telecommunications Laboratories, Inc., Hewlett Packard Enterprise Co., IBM Corporation, IFS AB, Infor, Inc., JDA Software (Blue Yonder), Microsoft Corporation, MicroStrategy Incorporated, NetSuite, Inc., Oracle Corporation, Qlik Technologies, Inc., SAGE Group Plc, Salesforce.com, Inc., QAD Inc., SAP SE, Tableau Software, LLC, Total Soft S.A., TIBCO Software, Inc., and Zoho Corporation.
 

The global enterprise application market remains substantially consolidated with the top five players accounting for nearly half of the market share in terms of revenue. Prominent players operating in the market are placing an ever-growing emphasis on delivering advanced enterprise application solutions and widening their product capabilities through acquisitions.
 

The market has also witnessed several strategic alliances between key players to launch new products with added functionalities and maintain revenue share & profitability. For instance, in August 2021, Wipro collaborated with HERE Technologies to deliver location-based asset management solutions suited for multiple industry verticals.
 

The enterprise application market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2028 for the following segments:

Market, By Product

  • Enterprise Resource Planning (ERP)
  • Business Intelligence (BI)
  • Customer Relationship Management (CRM)
  • Supply Chain Management (SCM)
  • Enterprise Asset Management (EAM)
  • Others

Market, By Deployment Model

  • On-premise
  • Cloud

Market, By Industry Vertical

  • Retail
    • E-commerce
    • Supermarket/Hypermarket
    • Specialty stores
    • Warehouses
  • Healthcare
    • Healthcare facilities
    • Medical devices & equipment
    • Pharmaceutical distribution
    • Healthcare services
  • BFSI
    • Banking
    • Fintech
    • Insurance
  • Manufacturing
    • Semiconductor & electronics
    • Heavy metals & machinery
    • Chemicals & pharma
    • Defense
    • Automobile
    • Food & beverage
    • Textile industry
    • Lumber & wood
    • Others
  • IT & telecom
    • IT sector
    • Telecom sector
  • Other industry verticals

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Bulgaria
    • Czech Republic
    • Croatia
    • Romania
    • Serbia
    • Slovakia
    • Slovenia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Singapore
  • Latin America
    • Brazil
    • Mexico
    • Colombia
    • Argentina
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Israel

 

Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

The market size of enterprise application was over USD 200 billion during 2021 and will witness around 5% CAGR over 2022-2028 with increased need for business-oriented applications that can be customized as per key requirements.

Cloud segment accounted for over 55% share of Japan industry in 2021 as companies look to lower the cost of ownership by using cloud services.

CRM segment held nearly 30% share of UK market in 2021 and will expand as businesses aim to boost productivity, improve customer engagement, and implement technologies like IoT and AI.

U.S. industry revenue from manufacturing segment will record over 5% CAGR through 2028 with automakers in the region adopting industry 4.0 practices to streamline production.

Global enterprise application landscape consists of key players such as Hewlett Packard Enterprise Co., Salesforce.com, Inc., Oracle Corporation, Adobe, Inc., Tableau Software, LLC, MicroStrategy Incorporated, Microsoft Corporation, Fiserv, Inc., and IBM Corporation, among some others.

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2021
  • Companies covered: 22
  • Tables & Figures: 3509
  • Countries covered: 28
  • Pages: 1420

Get a report that explains COVID-19 impact on this market

 Request Free Sample

Budget constraints? Get in touch with us for special pricing

Request Discount