$575 Billion Enterprise Software Market By Country, Segment, Industry Verticals, Vendors & Recent Developments - Global Forecast to 2024 - ResearchAndMarkets.com
Summary
Enterprise software is used by organizations of all sizes - small, medium, and large - in various industry verticals such as manufacturing, media and entertainment, healthcare, retail, public sector, banking, financial services, and insurance, telecom, transportation, energy and utilities, and distribution.Moreover, introduction of novel software services, technology innovation and advancement, rising number of enterprises in the world and entry of new industry players, are all set to further boost the market growth.Banking & Securities, Communications, Media & Services, and Manufacturing & Natural Resources are the top three industry verticals for enterprise software market.Chinese organizations are lagging behind in terms of adoption of enterprise software tools, resulting in the fast growth of this market.The top six (Microsoft, Oracle, SAP, IBM, EMC and Amazon) enterprise software vendors accounted for over 42 percent of the total market in 2017.