Enterprise Software Market Size, Share & Analysis Report, 2023-2032
The global enterprise software market size was exhibited at USD 201.09 billion in 2022 and is projected to hit around USD 610.75 billion by 2032, growing at a CAGR of 11.75% during the forecast period 2023 to 2032.
Key Pointers:
Enterprise Software Market Report Scope
|
Report Coverage |
Details |
|
Market Size in 2023 |
USD 224.72 Billion |
|
Market Size by 2032 |
USD 610.75 Billion |
|
Growth Rate From 2023 to 2032 |
CAGR of 11.75% |
|
Base Year |
2022 |
|
Forecast Period |
2023 to 2032 |
|
Segments Covered |
By Software, By Deployment, By Enterprise Size, and By End-use |
|
Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
|
Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
|
Key Companies Profiled |
Broadcom Inc., Epicor Software Corporation, Hewlett Packard Enterprise, IBM Corporation, Microsoft Corporation, Corporation, Salesforce.com, Inc., SAP SE, SYSPRO, Zoho Corporation Pvt. Ltd., and Others. |
The growth can be attributed to increasing end-use enterprises' expenditure on improving their digital infrastructure and advancements in cloud analytical tools. Furthermore, enterprise software offers the analysis of unstructured and structured data, which assists companies in identifying current market trends and gaining actionable insights, thus supporting industry growth. The significant spread of the COVID-19 virus in early 2020 had a negative impact on the market in the first two quarters of 2020 due to stringent safety measures enforced by the majority of governments. However, from 2020-end, enterprise software witnessed an increasing demand owing to shifting focus of the end-use companies toward digitalizing their business model to provide remote working facilities to their employees.
The advancements in the latest technologies such as Artificial Intelligence (AI), Machine Learning (ML), cybersecurity, Blockchain, cloud computing, and Robotic Process Automation (RPA) are creating robust market opportunities for enterprise software. Integrating these technologies into enterprise software improves software efficiency and adaptability, creating a positive market outlook. Key players are focusing on unveiling their enterprise software equipped with the latest technologies, such as Blockchain and AI. For instance, in March 2020, Microsoft Corporation partnered with Blockchain technology solutions company, Lition to integrate Blockchain technology into the Microsoft Azure cloud platform. The integration of Blockchain aided Microsoft Corporation clients in improving their businesses' transparency and security.
The government of various countries such as India, Japan, Germany, Australia, Canada, and Brazil is focusing on digitalizing their economy for greater work flexibility, reduction in business maintenance costs, and maximizing IT infrastructure reliability. These governments are taking supportive initiatives for digitalizing their infrastructure through significant investment in the technology and software sector. For instance, in November 2021, the Government of Australia announced an investment of USD 111 million to develop and accelerate the adoption of quantum technology and create jobs in the software industry. The government expects the development of quantum technology can give an economic value of USD 4 billion and create around 16,000 jobs by 2040 in Australia.
Increasing demand for enterprise software is encouraging industry players to invest in software research and development for new product innovation and enhance their brand value. These companies are adopting various business strategies, such as mergers and acquisitions, to improve their service offerings. For instance, in July 2022, an enterprise software company, IFS AB, expanded its software products portfolio with the acquisition of enterprise asset management (EAM) company, Ultimo Software Solutions, for an undisclosed amount. Ultimo Software Solutions' expertise in cloud-based EAM products will assist IFS AB in improving its customer bases and brand positioning.
High initial costs of enterprise software and increasing digital threats are key factors challenging industry growth. Key players need to invest in R&D to improve the efficiency and reliability of the software, thereby increasing the cost of the software. Furthermore, increasing cyber-attacks such as viruses, Distributed Denial-of-Service (DDoS), ransomware, and Corporate Account Takeover (CATO) are affecting the sales of enterprise software. To tackle these issues, the market players are partnering with various security technology providers to strengthen the security of their enterprise software. Additionally, these companies are focusing on providing customized enterprise software as per clients’ needs to reduce the initial costs of the software.
Some of the prominent players in the Enterprise Software Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Enterprise Software market.
By Software
By Deployment
By Enterprise Size
By End-use
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Enterprise Software Market
5.1. COVID-19 Landscape: Enterprise Software Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Enterprise Software Market, By Software
8.1. Enterprise Software Market, by Software, 2023-2032
8.1.1. Customer Relationship Management Software
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Content Management Software
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Enterprise Resource Planning (ERP) Software
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Supply Chain Management Software
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Business Intelligence Software
8.1.5.1. Market Revenue and Forecast (2020-2032)
8.1.6. Others (Marketing, Human Resource Management, Payment Processing)
8.1.6.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Enterprise Software Market, By Deployment
9.1. Enterprise Software Market, by Deployment, 2023-2032
9.1.1. Cloud
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. On-premise
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Enterprise Software Market, By Enterprise Size
10.1. Enterprise Software Market, by Enterprise Size, 2023-2032
10.1.1. Small & Medium Enterprise
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Large Enterprise
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Enterprise Software Market, By End-use
11.1. Enterprise Software Market, by End-use, 2023-2032
11.1.1. Healthcare
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. BFSI
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Government & Education
11.1.3.1. Market Revenue and Forecast (2020-2032)
11.1.4. IT & Telecom
11.1.4.1. Market Revenue and Forecast (2020-2032)
11.1.5. Manufacturing
11.1.5.1. Market Revenue and Forecast (2020-2032)
11.1.6. Retail
11.1.6.1. Market Revenue and Forecast (2020-2032)
11.1.7. Others (Transportation, Hospitality, Automotive)
11.1.7.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Enterprise Software Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Software (2020-2032)
12.1.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.1.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.1.4. Market Revenue and Forecast, by End-use (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Software (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.1.5.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.1.5.4. Market Revenue and Forecast, by End-use (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Software (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.1.6.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.1.6.4. Market Revenue and Forecast, by End-use (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Software (2020-2032)
12.2.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.2.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.2.4. Market Revenue and Forecast, by End-use (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Software (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.2.5.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.2.5.4. Market Revenue and Forecast, by End-use (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Software (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.2.6.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.2.6.4. Market Revenue and Forecast, by End-use (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Software (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.2.7.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.2.7.4. Market Revenue and Forecast, by End-use (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Software (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.2.8.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.2.8.4. Market Revenue and Forecast, by End-use (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Software (2020-2032)
12.3.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.3.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.3.4. Market Revenue and Forecast, by End-use (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Software (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.3.5.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.3.5.4. Market Revenue and Forecast, by End-use (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Software (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.3.6.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.3.6.4. Market Revenue and Forecast, by End-use (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Software (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.3.7.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.3.7.4. Market Revenue and Forecast, by End-use (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Software (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.3.8.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.3.8.4. Market Revenue and Forecast, by End-use (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Software (2020-2032)
12.4.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.4.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.4.4. Market Revenue and Forecast, by End-use (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Software (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.4.5.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.4.5.4. Market Revenue and Forecast, by End-use (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Software (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.4.6.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.4.6.4. Market Revenue and Forecast, by End-use (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Software (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.4.7.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.4.7.4. Market Revenue and Forecast, by End-use (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Software (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.4.8.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.4.8.4. Market Revenue and Forecast, by End-use (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Software (2020-2032)
12.5.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.5.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.5.4. Market Revenue and Forecast, by End-use (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Software (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.5.5.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.5.5.4. Market Revenue and Forecast, by End-use (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Software (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Deployment (2020-2032)
12.5.6.3. Market Revenue and Forecast, by Enterprise Size (2020-2032)
12.5.6.4. Market Revenue and Forecast, by End-use (2020-2032)
Chapter 13. Company Profiles
13.1. Broadcom Inc. (CA Technologies, Inc.)
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Epicor Software Corporation
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Hewlett Packard Enterprise
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. IBM Corporation
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Microsoft Corporation
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Corporation
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Salesforce.com, Inc.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. SAP SE
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. SYSPRO
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Zoho Corporation Pvt. Ltd.
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers