The Global Enterprise Application Market research report published by Allied Market Research. The enterprise application market is expected to reach $ 213.43 billion by 2020, registering a CAGR of 7.4% during 2014 - 2020.
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Enterprise Application Market is expected to reach $ 213.43 Billion, Globally by 2020
The Global Enterprise Application Market research report published by Allied Market Research. The
enterprise application market is expected to reach $ 213.43 billion by 2020, registering a CAGR of 7.4%
during 2014 - 2020.
Access Full Summary at: https://www.alliedmarketresearch.com/enterprise-application-market
Enterprise application facilitates an easy flow of internal and external business information.
Furthermore, the integration of business processes is effectively rendered through implementation of
enterprise application. Thus, these benefits lead to a large adoption of enterprise applications among
customers. CRM and ERP application would drive the enterprise application market significantly by
year 2020, together contributing to around 2/5th of overall market revenue. The CMS application
would grow rapidly in 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.
Retailers have adopted enterprise application 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 application for the healthcare industry.
There is a paradigm shift in the deployment methods from on premise to cloud based models due to
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 of enterprise application from mobile devices would gain a surge,
in terms of adoption. 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 cloud to enhance the mobility of customer. The market is
increasingly witnessing a shift towards cloud service.
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Key findings of Enterprise Application Market:
Amongst the different types of applications, CMS application market would grow at the fastest
CAGR during 2014 - 2020
On-premise applications would continue to have a larger market share occupying around 55%
of market in 2020. But, cloud-based applications would witness higher growth during 2014 -
Healthcare, followed by the Aerospace and defense would witness high growth in comparison
with other industry verticals during 2014 - 2020
Asia-Pacific would prove to be one of the most lucrative markets, in terms of growth
Customers today, prefer cloud enabled applications over conventional delivery model as it enables
their workforce to access information for critical business decision anytime and anywhere. Hence, this
results into a higher productivity and efficiency of the businesses. The surge in cloud technology would
drive the adoption of cloud enabled applications.