According to the latest report from the IMARC group “Enterprise Application Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027“, The global application infrastructure middleware market reached a value of US$47.5 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$83.1 billion. US dollars by 2027, showing a CAGR of 9.7% in 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 and 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
- Productivity tools
Breakdown by organization size:
- Small and medium enterprises
- Large companies
Breakdown by deployment mode:
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:
- Accenture plc
- Fujitsu Limited
- infosys limited
- International Commercial Machinery Society
- iTransition group
- Microsoft Corporation
- Oracle Corporation
- Pegasystems Inc.
- Salesforce.com Inc.
- SAP SE, Software AG
- Tata Consultancy Services Limited.
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As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as consumer behaviors in the industry around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
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