Enterprise Application Market Is Expected to Reach $ 213.43 Billion, Globally by 2020 - Allied Market Research

Enterprise Application Market is Expected to Reach $ 213.43 Billion, Globally by 2020 - Allied Market Research

According to a new report by Allied Market Research titled, "Global Enterprise Application Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 - 2020", the global enterprise application market is expected to reach $ 213.43 billion by 2020, registering a CAGR of 7.4% during 2014 - 2020.

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.

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.

To view the report, visit the website at https://www.alliedmarketresearch.com/enterprise-application-market

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...