Global Business Analytics & Enterprise Software Market Size, Drivers, Trends, Opportunities And Strategies – Includes Business Analytics & Enterprise Software Market Share
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Mobility is an integrated component of digital solutions and is transforming businesses on a global scale are expected to drive innovation in business analytics & enterprise software manufacturing, thus driving the market during the forecast period.
The global business analytics & enterprise software market is expected to grow from $423.18 billion in 2022 to $486.54 billion in 2023 at a compound annual growth rate (CAGR) of 15.0%. The business analytics & enterprise software market is expected to grow to $837.88 billion in 2027 at a CAGR of 14.6%.
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Global Business Analytics & Enterprise Software Market Segments Include:
- By Type: ERP Software, BI Software, CRM Software, SCM Software, Other Software
- By End-User Industry: IT and Telecommunications, BFSI, Manufacturing, Retail, Healthcare, Education, Media, Other End-User Industries
- By Deployment Model: On-Demand/Cloud, On-Premise
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global business analytics & enterprise software market in 2021.
Major Market Players in the business analytics & enterprise software market include Oracle Corp, salesforce.com, Microsoft, Fiserv, Inc., Nippon Telegraph And Telephone Corp, NTT Data, International Business Machines Corporation, Workday, Inc., Leidos (US) and Atos SE.
Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software product companies would open source software that was not making money, but now companies are open sourcing software to increase its presence and share in the market. According to Allison Randal, President, Open Source Initiative, 78% of companies use open source solutions and 64% participate in open source projects indicating an increase in open source software platforms to build applications.
The Business Analytics & Enterprise Software Global Market Report 2023 provides a business analytics & enterprise software market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The business analytics & enterprise software market forecast analyzes business analytics & enterprise software market size, business analytics & enterprise software market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Business analytics (BA) is a set of technologies, skills, and practices used to examine an organization’s data and performance to better understand and make data-driven decisions in the future using statistical analyses. Enterprise software is a computer application that assists large companies with many needs such as data analysis, sales and marketing management, customer service and many more. These tools are designed to serve many users with high scalability and integration.
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