Global Enterprise Software Market Insights Forecasts to 2030

• The Global Enterprise Software Market Size was valued at USD 197.04 billion in 2021.
• The Market is growing at a CAGR of 10.95% from 2022 to 2030
• The Worldwide Enterprise Software Market Size is expected to reach USD 519.88 billion by 2030
• Asia Pacific is expected to grow the fastest during the forecast period

The Global Enterprise Software Market Size is expected to reach USD 519.88 billion by 2030, at a CAGR of 10.95% during the forecast period 2022 to 2030. The increasing use of data  analytics and cloud computing are the key driving factors of the global enterprise software market.

Market Overview

The enterprise software helps in increasing productivity as well as efficiency in obtaining a major benefit. It is widely used by many enterprises irrespective of their sizes across various verticals including finance, telecom, manufacturing, retail, medical, advertising, and others. With the increasing competition and knowledge related to enterprise software, the global  enterprise software is going to reach new heights. It is expected that within the next few years, the market is going to get advantage from the technologically focused project and rising number of IT budget in enterprises. Apart from this, the technological trends toward business standard data accessibility, and norms is anticipated to put a strong emphasis on data centric solutions which support the enterprise software market.

Report Coverage

This research report categorizes the market for enterprise software market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the enterprise software market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the enterprise software market.

Driving Factors

The adoption of enterprise software and cloud computing across various industry verticals is expanding the IT expenditures and increasing demand for business intelligence and data analytics is going to boost the market growth. Apart from this, the rising adoption of customer relationship management (CRM) and enterprise resource planning (ERP) is anticipated to increase the growth of global market over the upcoming years. Not only this but also the increasing use of novel business software and technological development, increasing number of companies and the rising number of new entrants are going to drive the global enterprise software market.

Restraining Factors

The cost involved in developing enterprise software are huge and rising number of cyber threats can hamper the market growth over the forecast period. The key market players should invest in the research and development in improving the reliability and efficiency of the software which increases the cost of the software. Apart from this, the rise in the number of cyber threats like distributed denial of service , viruses, and ransomware are impacting the sales of the software.

Market Segmentation

• In 2021, Supply Chain Management segment is the largest growing market.

On the basis of type, the global enterprise software is segmented into Business Intelligence, Supply Chain, Web Conferencing Collaboration, Enterprise Resource Planning, Customer Relationship Management, and others. Among these, the supply chain management holds the largest market share is going to continue its dominance over the predicted period of time. The main reason behind the growth of this segment is the cloud based supply chain management systems are widely adopted by the firms in enabling new digital format business models to improve their supply chain and increasing profitability at a faster rate by lowering the costs. Clod based supply chain management systems are development to increase in response to the needs of globally distributed partners and suppliers which allow the businesses to respond to market demand in a faster way.

• In 2021, Large Enterprises are dominating the market over the forecast period.

Based on organization size, the global enterprise software is segmented into small and medium enterprises and large enterprises. Among these, the large enterprises segment is witnessing the largest market growth owing to the increasing investment in the centralization and advancement of IT infrastructure by large enterprises are going to provide productive results over the forecast period.

• In 2021, Banking, Financial Service & Insurance segment to witness the fastest market growth.

On the basis of vertical, the global enterprise software is segmented into healthcare, energy & utilities, banking, financial service & insurance, cloud service  provider, IT communication, transportation, and others. Among these, the banking, financial service & insurance segment is anticipated to witness the fastest market growth over the forecast period. This is because cloud service providers are backed by enterprises and BFSI sector than the other industry segments.

Regional Segment Analysis of the Enterprise Software Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America emerged as the largest market for the global Enterprise Software market in 2021.

• In 2021, North America is expected to dominate the global enterprise software  market over the forecast period owing to increasing improved and well developed facilities. Apart from this, innovation of modern technology and rapidly increasing cloud computing programs in future development are also the other factors which develop the regional growth. Thus, North America has the highest CAGR than the other regions.

List of Key Market Players

• IBM Corporation
• Microsoft
• SAP
• VMware
• Salesforce.com
• CA Technologies
• EMC Corporation
• Oracle
• Symantec
• HP

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In 2019, EMC Corporation and IBM Corporation are competing closely with one another in acquiring maximum share of the market.

Enterprise Software Market, By Type

• Business Intelligence
• Web Conferencing Collaboration
• Supply Chain Management

Enterprise Software Market, By Organization Size

• Small and Medium Enterprises
• Large Enterprises

Enterprise Software Market, By Vertical

• Energy & Utilities
• Healthcare
• Transportation
• IT Communication

Enterprise Software Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa