Enterprise Application Market in ERP Industry to grow at 7.7% CAGR from 2016 to 2024 - PowerPoint PPT Presentation

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

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Request Sample of Report @ Enterprise application market increasing preference for remote access and emergence of smartphones is anticipated to surge data & VAS usage and in turn facilitate industry demand. Furthermore, availability of multi-functional as well as cost-effective products is anticipated to positively impact revenue. Rising consumer preference for multimedia devices coupled with growth in mobile devices is expected to propel demand. – PowerPoint PPT presentation

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Title: 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
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