The Business Analytics & Enterprise Software Global Market Report 2023 by The Business Research Company, provides business analytics and enterprise software market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Business Analytics & Enterprise Software Global Market Report 2023, the market size grew from $423.18 billion in 2022 to $486.54 billion in 2023 at a compound annual growth rate (CAGR) of 15.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The business analytics & enterprise software market is expected to grow to $837.88 billion in 2027 at a CAGR of 14.6%.
Mobility is an integrated component of digital solutions and is transforming businesses on a global scale driving demand for IT services. It is an essential feature for customer experience management and for enhancing interaction amongst strategic partners and suppliers. It also provides greater access to information and services which can be integrated to execute critical business operations. The development and implementation of mobile applications requires IT services.
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The business analytics and enterprise software market is segmented:
1) By Type: ERP Software, BI Software, CRM Software, SCM Software, Other Software
2) By End-User Industry: IT and Telecommunications, BFSI, Manufacturing, Retail, Healthcare, Education, Media, Other End-User Industries
3) By Deployment Model: On-Demand/Cloud, On-Premise
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 and enterprise software market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Business Analytics & Enterprise Software Market Characteristics
4. Business Analytics & Enterprise Software Market Product Analysis
5. Business Analytics & Enterprise Software Market Supply Chain
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20. Business Analytics & Enterprise Software Market Competitive Landscape
21. Key Mergers And Acquisitions In The Business Analytics & Enterprise Software Market
22. Market Background: Software Products Market
23. Recommendations
24. Appendix
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