Enterprise Software Market - Global Industry Analysis and Forecast | 2029

Mayurikathade04 Apr, 2023Business

Enterprise Software Market was worth US$ 401.92 Mn in 2021 and total revenue is expected to grow at a rate of 6.15% CAGR from 2021 to 2029, reaching almost US$ 647.89 Mn in 2029 Enterprise Software Market Overview: The ERP software industry's supply is centralized, with the top five vendors accounting for half of the entire global market share they are Microsoft, Oracle and IBM etc. The market is changing and evolving, with worldwide vendors creating user-friendly interfaces and functionalities for consumers' comfort, gradually displacing the previous ERP software's excessive complexity. Due to cost savings and quick access to apps via Cloud and mobile devices, cloud ERP deployment is increasingly being favored over on-premise ERP deployment.