The global enterprise application market size is estimated to be worth USD 259.51 billion by 2022, according to a new study by Grand View Research, Inc., registering a 7.8% CAGR during the forecast period. Increasing need among organizations for single data access point is anticipated to drive industry growth over the forecast period.
Implementation of enterprise application solutions enables real-time data and information flow along with level running of business process. Use of these solutions enables better customer engagement, inventory management, quality management, and supply chain management. Increasing IT budgets of companies is expected to favor industry growth over the next few years. However, availability of open source solutions and high maintenance costs may hinder industry growth. Full Research Report On Global Enterprise Application Market Analysis: www.grandviewresearch.com/industry-analysis/enterprise-application-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies Grand View Research has segmented the enterprise application market report on the basis of product, end use, deployment, and region: Enterprise Application Product Outlook (Revenue, USD Billion, 2012 - 2022)
www.grandviewresearch.com/press-release/global-enterprise-application-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For more information: www.grandviewresearch.com
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