Enterprise Application Market size expected to reach USD 287.71 billion by 2024

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Enterprise Application Market size expected to
reach USD 287.71 billion by 2024, to grow at 7.6
CAGR from 2016 to 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Enterprise Application Market

• Content management system market share will grow
  at 13.5 CAGR over the forecast timeline.
  Features such as capability of conveting
  unstructured data into structured is likely to
  aid in easy website content management and in
  turn drive growth. Benefits offerd such as
  up-selling and cross-selling opportunities,
  customer behavior insights and improved
  efficiency is likley to drive the business
  intelligence market over the forecast period.
• On-premise enterprise application market size was
  over USD 100 billion in 2015, cloud based
  services are set to gain revenue share in the
  coming years.
• Healthcare applications occupied more than 10 of
  the overall industry share in 2015. These
  applications effectively handle digitized data
  from multiple sources and in turn enable
  organizations to gain real-time transparency and
  process optimization.

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• Key competitors include Oracle, Epicor Software,
  IBM, SAP, Microsoft, QAD, Hewlett Packard and
  IFS. The enterprise application market share is
  characterized by frequent strategic partnerships
  and mergers acquisitions.

• Key competitors include Oracle, Epicor Software,
  IBM, SAP, Microsoft, QAD, Hewlett Packard and
  IFS. The enterprise application market share is
  characterized by frequent strategic partnerships
  and mergers acquisitions.

Continued...

• Asia Pacific enterprise application market will
  grow at 9.5 CAGR. Rising demand for cloud-based
  solutions amongst medium and small scale
  industries are the major growth drivers.
• Key competitors include Oracle, Epicor Software,
  IBM, SAP, Microsoft, QAD, Hewlett Packard and
  IFS. The enterprise application market share is
  characterized by frequent strategic partnerships
  and mergers acquisitions.

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Asia Pacific Enterprise Application Market Size,
by end-use, 2013-2024 (USD Billion)

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360 Analysis

• Application Analysis
• Increasing preference for remote access and
  emergence of smartphones is anticipated to surge
  data VAS usage and in turn facilitate industry
  demand. Furthermore, availability of
  multi-functional as well as cost-effective
  products is anticipated to positively impact
  revenue. Rising consumer preference for
  multimedia devices coupled with growth in mobile
  devices is expected to propel demand.
• Regional Analysis
• U.S. enterprise application market was valued at
  over USD 30 billion in 2015, with the North
  American industry likely to account for more than
  30 of the revenue by 2024. Growth in the region
  can be credited to dynamic organizational
  structure paired with companies customer centric
  approach.
• Competitive Market Share
• Key industry participants contributing to
  enterprise application market share include IBM,
  Microsoft, Oracle, and SAP Other prominent
  industry players are Epicor Software,
  Hewlett-Packard, IFS, Infor, and QAD. Players in
  the industry practice high degree of innovation
  and customization to provide unique solutions to
  existing and potential customers. Intersegment
  rivalry is high owing to the presence of large
  number of solutions such as such as ERP, CRM, BI,
  BPM, EAM, CMS, and web conferencing.

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