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Enterprise Application Market 2021 | Present Scenario on Growth Analysis and High Demand

Sep 15, 2021 5:00 PM ET

Enterprise Application Market 2021 | Present Scenario on Growth Analysis and High Demand

The emergence of mobile device penetration and rising preference for remote access is anticipated to boost industry growth over the coming years.

There is a paradigm shift in the deployment methods from on-premise to cloud-based models due to the emergence of cloud technology in the market. Cloud-enabled application considerably reduces the investments required in alternative IT resources. Thus, customers are shifting from on-premise to cloud-enabled applications. Access to enterprise applications from mobile devices would gain a surge, in terms of adoption.

Retailers have adopted enterprise applications to monitor and control their business processes. The healthcare industry would highly adopt enterprise applications to gain data transparency in real-time. This allows the entire value chain involved in the healthcare industry to provide a patient-centric system. Realizing the business potential, market players such as Oracle, SAP, and Infor are in the process of developing enterprise applications for the healthcare industry.

The global enterprise application market is expected to garner $ 213.43 billion by 2020, registering a CAGR of 7.4% during the period 2014-2020.

Enterprise application facilitates an easy flow of internal and external business information. Furthermore, the integration of business processes is effectively rendered through the implementation of enterprise applications. Thus, these benefits lead to the large adoption of enterprise applications among customers. CRM and ERP application would drive the enterprise application market significantly by the year 2020, together contributing to around 2/5th of overall market revenue. The CMS application would grow rapidly in the future, as it finds increasing use in converting unstructured data into structured information and allows a non-technical user to manage content on a website easily.

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Leading vendors such as Oracle, SAP, and Microsoft are launching applications, which can be delivered through on-premise as well as cloud models. Further, they are also developing integrated mobile applications with the cloud to enhance the mobility of customers. The market is increasingly witnessing a shift towards cloud service.

Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Profiling Key Players: Oracle, SAP, and Microsoft

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