Delhi, India -- (SBWIRE) -- 11/13/2019 -- Based on the latest insights in the report title "Global Enterprise Software Market (By Types- Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Supply Chain Management, Business Intelligence (BI), Enterprise Content Management (ECM), and Web Conferencing & Collaboration. By Solutions- Cloud Virtualization, SDN Switching and SDN Controllers. By End-Users- BFSI, Media & Entertainment, Transportation, Telecommunication, Healthcare & Life Sciences, Energy & Utilities and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast to 2025" by Report Ocean, the market is expected to garner a notable CAGR over the forecast period.

Market Overview

The emergence of various small- and medium-sized businesses across the globe is reported to be a key factor fueling the growth of the global enterprise software market. Advancements and developments of new software is also expected to push the market growth as, at present, only software like Customer Relationship Management (CRM) and Supply Chain Management (SCM) are considered significant. Additionally, new data sources and an intensifying competitive landscape are creating even broader opportunities for the market and subsequently steering its growth. The present shift technological shift towards improving business standards, data portability, and rules are expected to bring more focus on data-centric solutions and prompt the market for enterprise software market to flourish in the coming years. A recent study by Forbes revealed that 53% companies are leveraging the power of big data analytics in order to solve business complexities and problems, thereby highlighting the shifting organizational focus. Moreover, increasing number of technology-focused projects and improving IT budgets across organizations is projected to boost the market growth in a positive manner as well over the forecast period.
It is also reported that a number of companies are looking to enhance their core functionalities, thereby increasing their spending on enterprise software. Primarily this spending is linked towards modernizing, replacing, and functionally expanding the present office and business applications. Thus, the global enterprise software market is expected to garner a notable CAGR over the forecast period.
On the other hand, increasing concerns related to security and the lack of standardization can limit the growth of the market in the coming years. However, increasing investments by some of the large-scale IT sectors pertaining to consolidation and modernization of IT infrastructure is expected to offer new opportunities for the market to grow in the forthcoming years.

Download Free Sample Copy @ https://www.reportocean.com/industry-verticals/sample-request?report_id=5477

Market Segmentation

The global enterprise software market has been segmented in terms of type, solutions, and end-users.

By type, the market includes Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Web-Conferencing & Collaboration, Enterprise Content Management (ECM), Business Intelligence (BI), and Supply Chain Management.

By solutions, the market segments into SDN Controllers, Cloud Virtualization, and SDN Switching.

By end-users, the market comprises Media & Entertainment, Banking, Financial Services and Insurance (BFSI), Healthcare & Life Sciences, Telecommunication, Transportation, Energy & Utilities, and others.

Regional Analysis

The global enterprise software market is geographically distributed across the following key regions: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. Among the mentioned regions, the North American enterprise software market is expected to be one of the leading geographies. Herein, the rising demand for business intelligence applications and business analytics across a number of industry verticals and the presence of various leading players is aiding the growth of the market.
Elsewhere, the market in Asia Pacific is driven by the increasing demand for business analytics across countries like India, South Korea, Japan, and China. The region is primed to adopt the technology at a relatively faster manner and boost its market growth.

Competitive Landscape

The global enterprise software market comprises a host of key players. This includes leading names like IBM Corporation, SAP SE, EMC Corporation, VMware, Symantec, Oracle Corporation, Microsoft Corporation, and others.

Industry Buzz

October 2019, Unit4 announced that it is laying focus on a next-generation Enterprise Software based on the strategic concept of People Experience in order to meet the evolving workplace requirements.

For more information https://www.reportocean.com/industry-verticals/sample-request?report_id=5477