Global Business Analytics and Enterprise Software Market Report 2021 by Business Research Company: Impact and Recovery of COVID-19 to 2030
LONDON, GREATER LONDON, UK, Jan. 6, 2022 /EINPresswire.com/ — The business analytics and enterprise software market includes sales of business analytics and enterprise software by entities that produce such software to better understand the strengths and weaknesses of an organization. Enterprise software is software used to serve the needs of an organization rather than individual users.
As in other sectors, the COVID pandemic depressed the market in 2019-2020 (2% growth), as supply chain disruptions and lockdowns impacted infrastructure and communications growth.
According to data from global market model, the market size of business analytics and enterprise software was $260.84 billion in 2020 and is expected to grow rapidly between 2020 and 2025, starting with a growth rate COVID rebound of 5.5%, which is projected to reach a CAGR of 12.4% over the five-year forecast period. This equates to global revenues of $439.73 billion by 2025. The fastest growing segment is undoubtedly Business Intelligence (BI) software, with a CAGR of 26.6% between 2021 and 2025.
The largest segment has always been ERP software – and this dominance is expected to continue through 2025 (46.0% market share). However, longer-term forecasts to 2030 foresee a decline in the share of ERP to 34.5%, with the top spot going to BI software, which is expected to take 40.3% of the market share.
The regional chart shows a shift in regional market size, with North America dominating in 2010 (50%), decreasing to 41.5% in 2015 and slipping to second place in 2019 (37.2% ). The Asia-Pacific region gained momentum in 2019 (38.4%) and is expected to reach 48.5% by 2030. Conversely, the North American market will have “fallen” to 25.7% of revenue share by 2030. It should be noted that the other regions – Eastern Europe, Western Europe, the Middle East, Africa and South America – will remain minnows, in comparison, with a just over 25% market share between them.
Data by country through 2020 reflects the current dominance of the United States and shows the meteoric compound annual growth rate (CAGR) in India (41.4%), China (20.2%) and Germany (24 .4%) over the ten-year history. period (2010 – 2020).
The Global Business Analytics and Enterprise Software Market report is part of a series of new reports from The Business Research Company that provide business analytics and enterprise software market overviews, Analyzes and forecasts of the size, share, business analytics and enterprise software of the business analytics and enterprise software market. Market players, Business Analytics and Enterprise Software market segments and geographies, revenue, profiles and market shares of major competitors in the market.
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Global Big Data and Analytics Services Market Report 2021
Global Business Process as a Service (BPaaS) Market Report 2021 – Impact and Recovery of COVID-19
Global Business Support Services Market Report 2021 – Impact and Recovery of COVID-19
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