USD 242.17 Billion
Enterprise Software Market Size, Share, and Growth Analysis
Enterprise Software Market By Software(Enterprise Resource Planning (ERP) Software, Business Intelligence Software, Content Management Software, Supply Chain Management Software), By Deployment(On-premise, Cloud), By Enterprise Size(Small & Medium Enterprises, Large Enterprises), By End-use(BFSI, Retail, Healthcare, IT & Telecom), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45E2174 |
Region:
Global |
Published Date: November, 2024
Pages:
165
|Tables:
97
|Figures:
76
Format -
Enterprise Software Market Insights
Enterprise Software Market size was valued at USD 242.17 Billion in 2023 and is poised to grow from USD 270.26 Billion in 2024 to USD 650.28 Billion by 2032, growing at a CAGR of 11.6% during the forecast period (2025-2032).
Rapid digitization of businesses around the world is projected to create an opportune setting for enterprise software companies in the future. Growing adoption of data-driven decision-making and rising use of cloud computing technologies are also expected to bolster the adoption of enterprise software going forward. Increasing frequency of cyberattacks and rising emphasis on improving security are also expected to help create new opportunities for enterprise software companies in the future. Surge in adoption of artificial intelligence and automation technologies in enterprises is also slated to promote the demand for enterprise software over the coming years. Developing countries with rising emphasis on digital transformation are slated to present multiple new opportunities for enterprise software companies in the long run. However, integration challenges, data privacy concerns, resistance to change, and economic uncertainty are estimated to slow down enterprise software market growth across the forecast period and beyond.
US Enterprise Software Market is poised to grow at a sustainable CAGR for the next forcast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Cloud
Fastest Growth
On-premises
Growth Rate
11.6% CAGR
Global Enterprise Software Market ($ Bn)
Country Share for North America Region (%)
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Enterprise Software Market Segments Analysis
Global Enterprise Software Market is segmented by Software, Deployment, Enterprise Size, End-use, and region. Based on Software, the market is segmented into Enterprise Resource Planning (ERP) Software, Business Intelligence Software, Content Management Software, Supply Chain Management Software, Customer Relationship Management Software, and Others. Based on Deployment, the market is segmented into On-premise, and Cloud. Based on Enterprise Size, the market is segmented into Small & Medium Enterprises, and Large Enterprises. Based on End-use, the market is segmented into BFSI, Retail, Healthcare, IT & Telecom, Government & Education, Manufacturing, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Software
Enterprise resource planning (ERP) software is projected to account for a significant share of the global enterprise software industry in the future. Growing awareness regarding the benefits of ERP deployment in businesses and increasing emphasis on improving resource management are expected to help this segment maintain its dominant share. ERP software acts as a centralized solution for finance, supply chain, HR, manufacturing, sales, and customer relationship management applications thereby bolstering its versatility in business operations. The use of ERP software can also help in smooth communication and data sharing in different departments and divisions of an enterprise.
On the other hand, the demand for customer relationship management (CRM) software is projected to increase at a rapid pace over the coming years. Rising emphasis on businesses on building meaningful customer relationships is expected to help this segment generate new opportunities. Increasing efforts to improve customer experience to promote customer retention are also expected to bolster the importance of CRM software in the future. A growing number of businesses opting for a customer-centric approach to improve their revenue generation potential are also expected to promote the adoption of CRM software in the long run.
Analysis by Deployment
Cloud deployment is projected to account for the largest global enterprise software market share in the future. Growing awareness regarding the cost benefits of cloud-based software and advancements in cloud technologies are expected to help bolster the dominance of this segment. Easy deployment, accessibility from anywhere, high scalability, and cost-effective implementation are some key benefits of cloud-based enterprise software. However, reliance on third-party cloud vendors is expected to hurt the market share of this segment to a certain extent in the long run. Automatic updates and no need for maintenance are also key benefits of cloud-based enterprise software helping cement the high share of this segment.
Meanwhile, the demand for on-premises enterprise software is slated to rise at a notable pace over the coming years. The imposition of stringent data privacy and security regulations and the need for compliance with the same are expected to help bolster the demand for on-premises enterprise software. Greater scope of customization, flexibility, and control offered by on-premises enterprise software is also a key factor that is expected to help this segment boost revenue generation in the long run. However, high initial costs of deployment and requirement of extensive resources to manage on-premises enterprise software are expected to slow down the growth of this segment over the coming years.
Global Enterprise Software Market By Deployment
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Enterprise Software Market Regional Insights
North America is forecasted to account for a substantial share of the global enterprise software industry. The presence of a developed IT infrastructure, growing use of advanced digital technologies in organizations, and the presence of leading enterprise software providers are helping this region maintain its high share on a global level. Emphasis of organizations on improving their decision-making capabilities through advanced software and technologies is also expected to boost the demand for enterprise software in this region. The United States is estimated to spearhead the adoption of enterprise software in the North American region going forward followed by Canada.
Growing adoption cloud technology by enterprises and the launch of digital transformation initiatives are allowing the Asia Pacific region to emerge as the fastest-expanding market in the world. Increasing awareness regarding enterprise resource planning, high adoption of advanced technologies, and rising adoption of data-driven decision-making are other factors promoting the demand for enterprise software in this region. China, India, and Japan are slated to be the leading markets for enterprise software companies in this region. Launch of new supportive government initiatives to promote use of digital technologies and solutions are also helping boost the adoption of enterprise software in the Asia Pacific region through 2032 and beyond.
Global Enterprise Software Market By Region
- Largest
- Fastest
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Enterprise Software Market Dynamics
Enterprise Software Market Drivers
Adoption of Cloud Computing
-
Increasing number of organizations migrating on cloud platforms to enhance their business scope and fast-track digital transformation are projected to help bolster the demand for enterprise software going forward. The need for suitable software to access cloud-based data and operations of organizations is creating new business opportunities for the future.
Adoption of Data-Driven Decision Making
-
Organizations around the world are focusing on opting for data-driven decision-making as the importance of data rises. Use of analytics software to gain insights into operations, customer behavior, and market trends is projected to rise in the long run. Enterprise software integrates advanced analytics and reporting features thereby making it vital for data-driven decision-making through 2032.
Enterprise Software Market Restraints
Data Privacy Issues
-
Enterprise software handles and works with critical business data that also includes vital customer information and financial information as well. Any lapses in security or privacy of this data could lead to mistrust among customers and loss of business for organizations. Hence, some organizations are hesitant to opt for novel enterprise software.
Resistance to Change
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Organizations have been working on set and defined workflows for decades and the workforce is hesitant and resistant to try out new solutions. Fear of disruption and lack of familiarity with advanced enterprise software solutions are also contributing to this resistance to change and hurting the global enterprise software market outlook.
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Enterprise Software Market Competitive Landscape
Enterprise software companies can utilize strategies such as acquisitions, mergers, and collaborations to expand their business scope and boost revenue generation in the future. Enterprise software providers should provide cloud-based solutions to maximize their business potential. Creating industry-specific and custom enterprise software is also expected to offer new opportunities for market players.
Top Players in Enterprise Software Market
- Accenture (Ireland)
- Cisco Systems Inc. (US)
- Hewlett Packard Enterprise (US)
- IBM Corporation (US)
- Microsoft Corp (US)
- Oracle Corp (US)
- Salesforce.com, Inc. (US)
- SAP SE (Germany)
- SYSPRO (South Africa)
- Zoho Corporation Pvt. Ltd. (India)
- Atlassian Corporation Plc (Australia)
- ServiceNow, Inc. (US)
- Workday, Inc. (US)
- Nintex (Australia)
- Pega Systems Inc. (US)
- Box, Inc. (US)
- Smartsheet Inc. (US)
- SugarCRM Inc. (US)
- RingCentral, Inc. (US)
- Adeptia Inc. (US)
- Kissflow Inc. (US)
Enterprise Software Market Recent Developments
- In October 2024, HostBooks, a renowned name in the business automation space announced the launch of its new ERP software. The new solution is aimed specifically at the construction industry to improve project outcomes and solve challenges that the industry is facing at present.
- In July 2024, Sense, a leading innovator in talent management through use of artificial intelligence announced the launch of a new Candidate Relationship Management (CRM) platform. The offering is aimed at helping talent management teams optimize their operations and boost efficiency as well.
- In June 2024, Trimble, a leading American software company announced the launch of a new asset lifecycle management software suite. Trimble Unity helps enterprises manage their assets and project in an efficient manner using connected data and digital workflows.
Enterprise Software Key Market Trends
- Use of Low-Code and No-Code Platforms: Enterprise software providers should focus on utilizing low-code and no-code platforms to expand the application scope of their offerings and also provide better customization options. These tools can help enterprises in reducing development time and costs, which in turn is expected to help bolster the adoption of enterprise software even for non-technical users.
- Development of Industry-Specific Solutions: Enterprise software companies should invest in the research and development of custom industry-specific enterprise software to boost their revenue generation potential in the long run. With targeted capabilities designed for each industry vertical, focusing on this enterprise software market trend can help companies stand out from their competition in the long run.
Enterprise Software Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, growing use of cloud technology and increasing demand for data-driven decision-making are key factors driving the demand for enterprise software. On the contrary, resistance to change and data privacy issues are estimated to slow down enterprise software adoption in the future. North America is projected to lead the demand for enterprise software across the world owing to the presence of a developed technological infrastructure and leading enterprise software providers. Enterprise software market players should use low-code and no-code development platforms to create custom enterprise software for all end users.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 242.17 Billion |
| Market size value in 2032 | USD 650.28 Billion |
| Growth Rate | 11.6% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Enterprise Software Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Enterprise Software Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Enterprise Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Enterprise Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Enterprise Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Enterprise Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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