The enterprise architecture management software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Enterprise Architecture Management Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The enterprise architecture management software market size has grown strongly in recent years. It will grow from $1.18 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to the increasing complexity of IT landscapes, the need for better business-IT alignment, the requirement to optimize IT costs, the necessity to manage risks and ensure compliance, the growing adoption of cloud computing, the demand for improved communication and collaboration between business and IT, and the need for better portfolio management and decision making.
The enterprise architecture management software market size is expected to see strong growth in the next few years. It will grow to $1.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to the growing focus on digital transformation and business agility, the increasing adoption of agile and DevOps methodologies, the emergence of new technologies such as IoT and AI, the demand for real-time data and dashboards, the requirement for better visualization and modeling capabilities, the need for mobile and cloud-based solutions, and the increasing use of automation in EA processes. Major trends in the forecast period include the adoption of cloud-based solutions, the integration of AI and machine learning, the rise of low-code development platforms, and technological advancements.
Order your report now for swift delivery @
Scope Of Enterprise Architecture Management Software Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Enterprise Architecture Management Software Market Overview
Market Drivers –
The increasing adoption of cloud-based solutions is expected to propel the growth of the enterprise architecture management software market going forward. Cloud-based solutions refer to computing services that are delivered over the internet (the cloud) rather than through local servers or personal computers. The rise in cloud-based solution adoption is fueled by factors such as cost savings, scalability, flexibility, and remote accessibility. Enterprise architecture management software is used in cloud-based solutions to streamline the design, deployment, and management of cloud infrastructures, ensuring alignment with business objectives. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, 45.2% of enterprises within the European Union procured cloud computing services, primarily for hosting email systems, storing electronic files, and performing various tasks. Compared to 2021, purchases of cloud computing services among EU enterprises rose by 4% in 2023. Notably, large enterprises exhibited a significant adoption rate, with 77.6% reporting the purchase of such services in 2023, marking a 6% increase from 2021. Therefore, the increasing adoption of cloud-based solutions is driving the growth of the enterprise architecture management software market.
Market Trends –
Major companies operating in the enterprise architecture management software market are developing artificial intelligence (AI)-driven enterprise architecture management solutions to enhance their capabilities in providing advanced analytics. AI-driven enterprise architecture management solutions use artificial intelligence to streamline and improve the management of an organization’s IT architecture, making it easier to align IT with business goals. For instance, in October 2023, Mega International, a France-based software company, launched HOPEX Aquila, an updated AI-driven enterprise architecture management platform. This platform includes advanced features such as automated IT rationalization and cloud migration recommendations, a simplified report builder for data-driven decision-making, and a revamped user interface for improved usability. Additionally, it features HOPEX AI Assistant, an AI-powered application portfolio management system with automatic software discovery, intelligent application detection, and automated diagram generation capabilities.
The enterprise architecture management software market covered in this report is segmented –
1) By Type: Cloud Based, On Premises
2) By Application: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
3) By Vertical: Banking Financial Services And Insurance (BFSI), Consumer Goods And Retail, Telecommunication, Information Technology (IT), Manufacturing, Healthcare And Lifesciences, Other Verticals
Get an inside scoop of the enterprise architecture management software market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19413&type=smp
Regional Insights –
North America was the largest region in the enterprise architecture management software market in 2023. The regions covered in the enterprise architecture management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the enterprise architecture management software market are International Business Machines Corporation, Hewlett Packard Enterprise Company, OpenText Corporation, Software AG, TIBCO Software Inc., Planview Inc., IDERA Inc., Amyx Inc., MEGA International, Cameo Global, Future Tech Systems Inc., UMT360 Inc., Orbus Software Ltd., Bizzdesign BV, erwin Inc., ValueBlue B.V., MID GmbH, Atoll Technologies Plc., Avolution Pty Ltd., QualiWare ApS, Sparx Systems Pty Ltd., Versio.io Inc., Ardoq AS
Table of Contents
- Executive Summary
- Enterprise Architecture Management Software Market Report Structure
- Enterprise Architecture Management Software Market Trends And Strategies
- Enterprise Architecture Management Software Market – Macro Economic Scenario
- Enterprise Architecture Management Software Market Size And Growth
…..
- Enterprise Architecture Management Software Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
Read Related Reports:
https://goodprnews.com/automotive-glow-plug-market-size-share-and-trends-report-2024-2033/
https://topprnews.com/brake-lines-market-trends/
Learn About Us:
The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
