The enterprise applications market is witnessing a surge in tailor made industry specific solutions. These customized solutions offer integrated business processes, supply chain efficiency, and spend visibility. This trend is especially visible in North America. Medium sized and large enterprises alike are benefiting from these industries specific solutions.
The enterprise applications market has also witnessed increased acceptance of software as a service (SaaS) based solutions. The growing need for sleek and cost effective solutions has been the key driver for this growth. Previous concerns about security and response time have reduced significantly. Moreover, the adoption rate of SaaS is expected to outperform its market growth during the 2010-2014 period. The SaaS enterprise market is expected to generate revenues of 14.5 billion USD by 2014.
Key trends in the market:
Cloud based ERP market is expected to see good demand
End-to-end providers will see more acceptance, due to better integration
Education and healthcare continue to remain the fastest growth areas for enterprise application solutions in the Middle East & Africa
Enterprise resource management and content management remain the biggest segments in Enterprise Applications
TechNavio research has extensively worked on various areas of the enterprise applications industry. For a complete list of enterprise application reports visit https://www.technavio.com/content/enterprise-resource-computing
