Enterprise Application Market in ERP Industry to grow at 7.7% CAGR from 2016 to 2024

1
Global Enterprise Application Market to exceed
287.7bn by 2024 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights of Enterprise Application Market

• In todays fiercely competitive business world,
  the need to integrate disparate business models
  is stretching the boundary of enterprise
  application market. The rising demand to address
  the requirement of an integrated business process
  approach by the organizations to enable smooth
  supply chain operations and optimal efficiency is
  providing an appreciable push to the enterprise
  application market. Enterprise application
  solutions enable real-time information, customer
  engagement, and better quality management.
  Increasing awareness of the companies regarding
  IT connectivity along with growing need to use
  single data access point is further expected to
  fillip the overall industry share in the years
  ahead.
• Enterprise application software is mainly
  categorized based on their business functions.
  The three types of products prevalent in
  enterprise application market are ERP (Enterprise
  resource planning), CMS (content management
  system), and CRM (customer relationship
  management). ERP solutions based enterprise
  application industry is witnessing a widened
  growth horizon owing to its extensive
  implementation in back-end systems. This market
  covered 20 the overall industry share in 2015
  and is slated to grow significantly at a
  lucrative annual growth rate of 7.7 in the
  coming time frame.

3
Continued

• Fueled by the primary goal of integrating
  marketing, sales, and customer support, CRM
  systems are gaining a popularity in both small
  and large scale business space. CRM enterprise
  application industry is estimated to cover
  one-fourth of the global product landscape by
  2024. The companies are heavily deploying these
  solutions to enhance their customer relationship
  quality. For instance, Amazon has experienced a
  sky-high success through its customer
  proposition. The organization implemented
  collaborative filtering, personal greetings, and
  much more for its customers. CRM solutions helped
  the firms to customize their offering based on
  the customers individual tastes.
• Content management system (CMS) based enterprise
  application industry will also exhibit lucrative
  growth path and is forecast to grow at a CAGR of
  13.5 over 2016-2024, with a revenue record of
  USD 8.5 billion by 2024. Website content
  management sector will prominently drive the
  product demand. A recent sensation observed in
  the realm of technology is cloud computing.
  Migration of consumer preference from traditional
  to cloud interface model is offering lucrative
  business opportunities for cloud enterprise
  application market. The growing IT connectivity
  along with increasing emphasis on expenditure
  optimization is positively impacting the industry
  share.

4
Asia Pacific Enterprise Application Market Size,
by end-use, 2013-2024 (USD Billion)

5

Browse Full Market Research Report Of Enterprise
Application Market _at_ http//bit.ly/2pcTreb Req
uest for a Sample of this Research report
_at_ https//www.fractovia.org/request-sample/405
6
Continued

• Cloud-based enterprise application market covered
  more than 30 of the total volume in 2015. Large
  scale company adoption of premise computers for a
  smooth flow of real-time information across
  varied departments will push on-premise
  enterprise application industry which is
  anticipated to register a CAGR of 4.5 over the
  period of 2016-2024.
• Asia Pacific which is one of the most prominent
  markets in terms growth prospects is largely
  influenced by growing adoption of cloud-based
  solutions in small as well as large-scale
  companies across this region. China is gaining a
  prominence in the APAC market owing to the
  presence of some of the technologically equipped
  renowned market players such as Huawei and
  Xiaomi. Asia pacific enterprise application
  industry is forecast to grow stupendously at a
  CAGR of 9.5 over 2016-2024, with an estimated
  revenue of USD 75 billion by 2024.
• With the penetration of the market in healthcare
  space, the medical fraternity has undergone a
  substantial shift pertaining to the business
  approach. Enterprise health care management is a
  software that helps the organizations to select,
  manage, and monitor the consequences of health
  care investments to align business systems with
  business goals. Enterprise application market
  from healthcare sector, in 2015, having had a
  lump sum revenue of USD 16.5 billion, is slated
  to show an upswing in the growth curve at a CAGR
  of 8.9 over 2016-2024.

7
Continued

• Driven by the real-time data transparency
  requirements in retail sector, the market from
  retail will also witness substantial growth in
  the years ahead.
• U.S., which is the prime revenue pocket for
  North America enterprise application industry
  share, accounted for USD 30 billion in 2015 and
  is expected to cover 30 of the regional market
  over the coming seven years. The growth
  projection can be attributed to regions dynamic
  organizational infrastructure along with their
  advanced customer-centric approach.
• Global enterprise application market has
  completely evolved with time from information to
  interface orientation with internet explosion and
  big data emergence. Key players of the market are
  enormously investing in research activities to
  enhance the supply value chain. Major industry
  participants include Oracle, IBM, Epicor
  Software, Microsoft, and SAP.

8
Table Contents of Enterprise Application Market

• Chapter 1. Methodology and Scope
• 1.1. Research Methodology
• 1.1.1. Initial data exploration
• 1.1.2. Statistical model and forecast
• 1.1.3. Industry insights and validation
• 1.2. Data Sources
• Chapter 2. Executive Summary
• 2.1. Enterprise Application industry 3600
  synopsis, 2013 - 2024
• 2.1.1. Business trends
• 2.1.2. Regional trends
• 2.1.3. Product trends

9
Continued

• 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. Porters analysis
• 3.7. Key competitor landscape
• 3.8. PESTEL analysis

10
Stay In Touch Website https//www.fractovia.org
Social Media