Global Business Analytics & Enterprise Software Market Surges, Reaching $837.88 Billion by 2027

Business Analytics & Enterprise Software Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

Business Analytics & Enterprise Software Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The Business Research Company’s Business Analytics & Enterprise Software Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The business analytics & enterprise software market is expected to grow to $837.88 billion in 2027 at a CAGR of 14.6%.”
— The Business Research Company

LONDON, GREATER LONDON, UK, December 6, 2023 /EINPresswire.com/ -- The global business analytics & enterprise software market witnessed substantial growth, escalating from $423.18 billion in 2022 to $486.54 billion in 2023, registering an impressive compound annual growth rate (CAGR) of 15.0%. The business analytics & enterprise software market is expected to grow to $837.88 billion in 2027 at a CAGR of 14.6%.

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Key Players Shaping the Market Landscape
Major companies influencing the business analytics & enterprise software market include Oracle Corp, salesforce.com, Microsoft, Fiserv, Inc., Nippon Telegraph And Telephone Corp, NTT Data, International Business Machines Corporation, Workday, Inc., Leidos (US), and Atos SE. These industry leaders contribute significantly to market trends and technological innovation.

Rise of Open Source Alternatives
In the past five years, there has been a notable increase in the prevalence of low-cost open source alternatives in the business analytics & enterprise software market. Companies increasingly adopt open source platforms to enhance their market presence. According to Allison Randal, President of the Open Source Initiative, 78% of companies use open source solutions, reflecting a rising trend in open source software platforms for application development.

Strategic Acquisitions Driving Innovation
In April 2021, International Business Machines Corporation (IBM) announced the acquisition of Turbonomic for $2 billion. This strategic move enhances IBM's capabilities in providing solutions to manage performance and availability in complex hybrid cloud environments, addressing the challenges associated with multiple applications.

Regional Dynamics
Asia-Pacific emerged as the largest region in the business analytics & enterprise software market in 2022, showcasing robust growth. North America secured the second-largest position in the industry. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.

Market Segmentation
The global business analytics and enterprise software market is intricately segmented based on:
1. Type:
• ERP Software
• BI Software
• CRM Software
• SCM Software
• Other Software
2. End-User Industry:
• IT and Telecommunications
• BFSI
• Manufacturing
• Retail
• Healthcare
• Education
• Media
• Other End-User Industries
3. Deployment Model:
• On-Demand/Cloud
• On-Premise

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Business Analytics & Enterprise Software Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Business Analytics & Enterprise Software Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on business analytics & enterprise software market size, business analytics & enterprise software market drivers and business analytics & enterprise software market trends, business analytics & enterprise software market major players, business analytics & enterprise software market competitors' revenues, market positioning, and market growth across geographies. The business analytics & enterprise software market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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