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What is the current size and annual growth rate of the business analytics & enterprise software market?
The business analytics & enterprise software market size has grown rapidly in recent years. It will grow from $601.44 billion in 2024 to $684.83 billion in 2025 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to digitization of businesses, competitive pressures, cost optimization, mobile workforce, supply chain optimization.
The business analytics & enterprise software market size is expected to see rapid growth in the next few years. It will grow to $1144.86 billion in 2029 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to data privacy concerns, augmented analytics, sustainability initiatives, e-commerce growth, quantum computing developments, smart cities initiatives. Major trends in the forecast period include adoption of artificial intelligence (AI) in business solutions, real-time data processing and analytics, cloud-based enterprise software, blockchain integration in business applications, personalization and customization.
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What have been the primary factors driving the business analytics & enterprise software market’s growth?
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. For example, Tieto’s competitive asset in mobility and Tieto’s enterprise mobility solution framework offers customized solutions to companies operating in healthcare, logistics, telecommunications, energy and manufacturing verticals.
What are the key segments within the business analytics & enterprise software market?
The business analytics & enterprise software market covered in this report is segmented –
1) By Type: ERP Software, BI Software, CRM Software, SCM Software, Other Software
2) By Deployment Model: On-Demand Or Cloud, On-Premise
3) By End-User Industry: IT And Telecommunications, BFSI, Manufacturing, Retail, Healthcare, Education, Media, Other End-User Industries
Subsegments:
1) By ERP Software (Enterprise Resource Planning): Financial Management, Human Resource Management, Supply Chain Management, Manufacturing Management
2) By BI Software (Business Intelligence): Data Visualization Tools, Reporting Tools, Dashboard Software, Data Warehousing Solutions
3) By CRM Software (Customer Relationship Management): Sales Force Automation, marketing Automation, Customer Service Solutions, Contact Management
4) By SCM Software (Supply Chain Management): Inventory Management, Demand Planning, Logistics Management, Supplier Relationship Management
5) By Other Software: Project Management Software, Collaboration Tools, Document Management Systems, E-commerce Platforms
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Which key players are shaping the business analytics & enterprise software market?
Major companies operating in the business analytics & enterprise software market include Nippon Telegraph And Telephone Corp., International Business Machines Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, Salesforce.com, Fiserv Inc., Adobe Systems Incorporated, Leidos, Atos SE, Workday Inc., SAS Institute Inc., Teradata Corporation, Tibco Software Inc., Fair Isaac Corporation, Alteryx Inc., QlikTech International AB, Domo Inc., ThoughtSpot Inc., Mixpanel Inc., Sisense Inc., RapidMiner Inc., Domino Data Lab, Cloudability Inc., Densify Inc., Google LLC, Tableau Software Inc., Infor, BOARD International, GoodData Corporation, Datameer Inc., Yellowfin BI
How will emerging trends drive the business analytics & enterprise software market throughout the forecast period?
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.
How do regional factors impact the business analytics & enterprise software market, and which region is the largest contributor?
The countries covered in the business analytics & enterprise software market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Does The Business Analytics & Enterprise Software Market Report 2025 Offer?
The business analytics & enterprise software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Business analytics (BA) is a set of technologies, skills, and practices used to examine an organization’s data and performance to better understand and make data-driven decisions in the future using statistical analyses. Enterprise software is a computer application that assists large companies with many needs such as data analysis, sales and marketing management, customer service and many more. These tools are designed to serve many users with high scalability and integration.
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