Enterprise Application Market Size in North America is Expected to Dominate the Industry With 30% of the Revenue by 2024

The solutions offered by enterprise application market are extremely diverse and are applied across numerous professional sectors

North America enterprise application market is predicted to dominate the industry with 30% of the revenue in the forecast timeline. It can be attributed to organizations’ increasing customer centric approach and dynamic structure. Rising focus toward the reduction of operational costs will further fuel the regional growth. Asia Pacific is expected to grow at a CAGR of 9.5% and will account for USD 75 billion during the forecast time frame. Moreover, the development of innovative devices and increasing technological advancements will propel the growth of the enterprise application market in the region.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/701

The myriad products of enterprise application industry such as web conferencing, BPM, CRM, business intelligence, ERP, EAM, CMS, and SCM can be deployed via cloud and on-premise modes. Having held over 30% of the overall market in 2015, cloud-based enterprise application market is forecast to grow significantly over the next few years. This is primarily due to the incredible benefits offered by this deployment mode, such as excellent monitoring, reduced investment and operational cost, and high potential for disaster recovery. On-premise-based enterprise application, in contrast, will witness a growth of 4.5% over 2016-2014.

The excessive deployment of enterprise application solutions across the corporate scenario will lead enterprise application market to witness a remarkable growth curve in the years ahead. These scalable, component-based business applications can be efficiently used to achieve inventory management, improved supply chain management, and high customer satisfaction. A report by Global Market Insights, Inc., states that enterprise application industry is touted to be valued at USD 287.7 billion by 2024, growing at a CAGR of 7.6% over 2016-2024. This is deemed to be a remarkable growth curve, considering that the valuation of this market in 2015 was USD 150 million.

Cloud enterprise application is an emerging trend that is likely to gain prominence in the industry in coming years owing to increased accessibility and low technology infrastructure costs. Moreover, enhanced internet infrastructure is projected to propel the adoption of cloud-based solutions. Rising competition among various industries such as retail and manufacturing coupled with increased focus toward expenditure optimization is anticipated to induce immense potential to the enterprise application market.

Browse key industry insights spread across 95 pages with 67 market data tables & 47 figures & charts from the report, “Enterprise Application Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/enterprise-application-market

The solutions offered by enterprise application market are extremely diverse and are applied across numerous professional sectors. In a bid to ensure 100% customer satisfaction, corporations are increasingly adopting the CRM-based model. It is anticipated that CRM enterprise application market will contribute to more than 25% of the overall revenue by 2024.

The IT sector in particular, has been adopting enterprise application solutions on a substantially large scale. For most part, the decision to choose among the many products of enterprise application market depends on the customer requirements. These solutions are also used in the medical sector, in response to which enterprise application industry from the healthcare domain is expected to grow at a CAGR of 8.9% over 2016-2024.

Major Key Points from Table of Content:

Chapter 3. Enterprise Application Industry Insights
3.1. Industry segmentation
3.2. Industry Size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Industry Impact forces
3.4.1. Growth drivers
3.4.1.1 Cloud computing adoption
3.4.1.2 Competitive edge
3.4.1.3 Escalating multimedia device demand
3.4.2. Industry pitfalls & challenges
3.4.2.1 Substantial maintenance and implementation cost
3.4.2.2 Open source application availability
3.5. Growth potential analysis
3.6. Porter’s analysis
3.7. Key competitor landscape
3.8. PESTEL analysis

Chapter 4. Enterprise Application Product Insights
4.1. Enterprise application market share by product, 2015 & 2024
4.2. CRM
4.2.1. Market estimates and forecasts by region, 2013 - 2024
4.3. ERP
4.3.1. Market estimates and forecasts by region, 2013 - 2024
4.4. SCM
4.4.1. Market estimates and forecasts by region, 2013 - 2024
4.5. Web Conferencing
4.5.1. Market estimates and forecasts by region, 2013 - 2024
4.6. BI
4.6.1. Market estimates and forecasts by region, 2013 - 2024
4.7. BPM
4.7.1. Market estimates and forecasts by region, 2013 - 2024
4.8. CMS
4.8.1. Market estimates and forecasts by region, 2013 - 2024
4.9. EAM
4.9.1. Market estimates and forecasts by region, 2013 - 2024
4.10. Others
4.10.1. Market estimates and forecasts by region, 2013 - 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/enterprise-application-market

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: Global Market Insights, Inc., 4 North Main Street,
Phone: 3028467766
Website: https://www.gminsights.com/pressrelease/enterprise-application-market

Release ID: 88912765