NEW DATASET + REPORT
2H 2024 Enterprise Applications Market Sizing & Five-Year Forecast

Enterprise Apps graphic for landing page (1)Futurum Intelligence has released a comprehensive analysis of the global market and five-year forecast focused on Enterprise Applications.

The research is modeled, sized, and forecasted based on data collected in a survey of 150+ leading vendors across the following 12 market segments:

-  Business Intelligence/Analytics & Visualization
-  CCaaS/UCaaS
-  Content Management
-  CRM
-  Data Management/Platform
-  Digital Transformation/Data and Process Management
-  ERP
-  HR/Employee Experience/Rewards
-  Line of Business
-  Marketing Automation
-  Project Management, Productivity, Collaboration
-  SCM

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The report is available to Futurum Intelligence subscribers, accessible in our platform. If you are not a current subscriber, please complete the form below to request access.

VENDORS INCLUDED IN THE REPORT

Google  .  Microsoft  .  Oracle  .  Salesforce  .  SAP
and more

UNLOCK ENTERPRISE APPLICATIONS DATA AND INSIGHTS
2H 2024 Enterprise Applications Market Sizing & Five-Year Forecast explores:

  • SaaS vs. On-Premises
    SaaS-based deployment is expected to experience the highest CAGR of 8%, reaching a revenue of $349 billion by 2028. This growth is driven by trends such as the rise of cloud-based offices, the use of AI and ML for analytics, automation, and predictive insights, and the growing adoption of usage-based pricing models. 
  • Customer Management Apps Driving the Market
    Among various application products, CRM emerged as the largest segment with a market value of $48B. This growth was driven by the rise of cloud-based solutions, integration with analytics, and innovations for AI-driven customer experiences. 
  • High-Revenue Verticals Powering Spending
    The Financial Services & Insurance sector had the highest market value among industry verticals, reaching $36B in 2023. This growth was fueled by the rapid adoption of digital banking services, mobile payments, and FinTech solutions, stringent regulatory compliance requirements (such as Basel III, Dodd-Frank, MiFID), and the demand for seamless, multi-channel customer experiences. 
  • Industrialized Regions Fueling Growth
    North America is expected to achieve the highest compound annual growth rate (CAGR) of 7% during the forecast period, reaching a value of $251 billion by 2028. This growth will be driven by vendors offering customized solutions, a shift towards cloud-based solutions among SMEs, and increasing adoption of AI and ML technologies. In contrast, Latin America is projected to record the lowest CAGR of 0.1%, primarily due to political and social instability, high inflation rates, and limited spending on new technologies and enterprise applications.

Exclusive access to these details and more is available in the Futurum Intelligence Platform. Submit the form at the top of the page to learn more.