According to the latest report from IMARC Group, the global application infrastructure middleware market reached a value of US$47.5 billion in 2021
SHERIDAN, WYOMING, USA, June 10, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report “Enterprise Application Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The Le The global enterprise application market reached a value of US$249.9 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$403.9 billion by 2027 , posting a CAGR of 8.24% over the period 2022-2027.
The enterprise application is a complex, scalable, component-based software system used in the enterprise environment. It includes computerized billing systems, online purchase and payment processing, content management, resource planning, application integration, interactive product catalogs and sales force automation. As it improves efficiency, flexibility, productivity, automates workflow and simplifies the information technology (IT) process, an enterprise application is used in various end-use industries across the globe .
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With the growing adoption of cloud-based solutions, enterprise applications are gaining popularity in small and medium-sized enterprises (SMEs) to drive business operations and processes. Additionally, rapid digitization, increasing penetration of broadband internet, and the emerging trend of bring your own device (BYOD) are creating a positive outlook for the market. Apart from this, the integration of Artificial Intelligence (AI), Internet of Things (IoT) and advanced computing technologies is expanding the usage of enterprise applications in retail, of manufacturing and health worldwide.
Breakdown by solution:
Customer relationship management
Integrated Management Software
Supply chain management
Analytics and business intelligence
Human capital management
Breakdown by organization size:
Small and medium enterprises
Breakdown by deployment mode:
On the site
Breakdown by end user:
Manufacturing and retail
Health and Pharmaceutical
IT and Telecommunications
Market Breakdown by Region:
North America (USA, Canada)
Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, UK, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive landscape with a key player:
International Commercial Machinery Society
SAP SE, Software SA
Tata Consultancy Services Limited.
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