Technavio market research analysts foresee positive growth for many segments of the enterprise application industry in the next five years. In their recent findings, Technavio talks about three booming markets under the enterprise application industry that are anticipated to generate considerable revenues and grow at a consistent rate during the forecast period.
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Global Mobile Testing Tools Market 2017-2021
Rapid advancements in cloud and mobile technologies is fueling the growth in the global mobile testing tools market. Various business across industries are reliable on digital transformation, mobility and smart data analytics software to run their daily business operations. This constant need for faster and superior online business applications is resulting in the rising requirement for advanced mobile testing tools in the global market. The vendors are developing innovative and bug-free software products and applications within a short span of time to sustain the intense competition in the market. The growth in the digital content management market and increasing use of video management software will boost the demand for mobile testing tool during the forecast period. Request a sample report.
Global Business Information Market 2017-2021
Growing adoption of business intelligence tools is propelling the growth of the global business information market. The implementation of data analytics by organizations worldwide is a key driver for the growth of the business intelligence tools market. These tools are designed to help enterprises reduce operational costs and improve their overall efficiency. Companies use these tools to develop new competitive strategies and improve their visibility into the performance of different business operations like supply chain, human resources, and finance, from the perspective of enterprises and consumers. The market will grow at a CAGR of more than 5% through 2021.
As per the geographical segmentation stated by the Technavio researchers, the market is divided into the Americas, APAC, and EMEA. In 2015, the Americas dominated the market occupying around 51% of the total market share. The increasing demand for embedded systems from the automobile industry in the Americas resulted in the growth of the market in the region. Request a sample report.
Global Field Service Management Software Market 2016-2020
The global field service management software market is driven by the growing demand for SaaS-based FSM solutions by various organizations. The implementation of cloud computing will encourage companies to opt for hosting their software solutions off-site. The introducing of cloud-based SaaS model eases the burden on IT departments and allows external service providers to provide support and maintenance to their users. SaaS-based FSM software offers deployment speed, lower upfront costs, and flexibility to scale up and down depending on the company’s requirements. This software solution also enables organizations to access data and services remotely through a web browser without installing and managing application software. The market will post a CAGR of over 11% by 2020.
Leading vendors like Astea International, IFS, ClickSoftware, and ServiceMax offers stand-alone FSM solutions for field workforce optimization, dispatch, and fleet management processes. Furthermore, these companies also provide packaged FSM solutions to attract more consumers and increase their profitability. Request a sample report.
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