Enterprise Architecture Tools Market 2024 : Report Highlights, Industry Trends, Regional Overview And Outlook 2033

Overview and Scope
Enterprise architecture tools refer to software applications designed to support the practice of enterprise architecture. These tools provide organizations with various benefits that can help them effectively manage their IT (information technology) landscape, align IT strategies with business goals, and improve organizational efficiency and effectiveness.

Sizing and Forecast
The enterprise architecture tools market size has grown strongly in recent years. It will grow from $1.25 billion in 2023 to $1.33 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to it system complexity, business process optimization, regulatory compliance, globalization of business operations, emergence of cloud computing.

The enterprise architecture tools market size is expected to see strong growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing adoption of hybrid and multi-cloud environments, emphasis on cybersecurity and data protection, rising demand for business agility, continued digitalization efforts, expansion of remote work. Major trends in the forecast period include greater focus on user experience design, shift towards microservices architecture, increased use of artificial intelligence in architecture tools, rising demand for modular and customizable solutions, emphasis on sustainability and environmental impact in tool development.

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The enterprise architecture tools market covered in this report is segmented –

1) By Component: Solutions, Services
2) By Deployment Type: On-Premises, Cloud
3) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By End-User: Telecommunication And Information Technology (IT), Banking, financial services and insurance (BFSI), Healthcare, Manufacturing, Consumer And Retail, Other End-Users

North America was the largest region in the enterprise architecture tools market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise architecture tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
Rising cloud adoption is expected to propel the growth of the enterprise architecture tools market going forward. Cloud refers to a network of remote servers hosted on the Internet that store, manage, and deliver data, applications, and services to users and organizations. Cloud-based enterprise architecture tools provide enhanced visibility, informed decision-making, innovation, continuous updates, and accessibility. Enterprise architecture tools aid in developing a cloud strategy by evaluating the organization’s current architecture, identifying areas that can be migrated to the cloud, and defining the target cloud architecture. For instance, in December 2021, according to Eurostat, a Luxembourg-based intergovernmental organization, 41% of EU enterprises used cloud computing in 2021, primarily for hosting their e-mail systems and storing files in electronic form, an increase of 5 percentage points compared to 2020. In the EU, large businesses adopted cloud computing at a rate of 72% in 2021, an increase of 7 percentage points from 2020. Compared to 46% in 2020, 53% of medium-sized businesses adopted cloud computing in 2021. Cloud computing usage in small businesses rose by 5 percentage points to 38%. Therefore, rising cloud adoption is driving the growth of the enterprise architecture tools market.

Key Industry Players
Major companies operating in the enterprise architecture tools market report are Microsoft Corporation, International Business Machines Corporation (IBM), ServiceNow Inc., Dassault Systèmes SE, Avolution, Software AG, Planview, iGrafx, LeanIX, BOC Group, BiZZdesign, Orbus Software, Clausmark, Ardoq, Enterprises Architecture Solutions Ltd., Atoll Technologies Information, Mega Interntional, QualiWare ApS, UNICOM Systems Inc., Capstera, Capsifi, FIOS Insight, Sparx Systems, Valispace, SmartDraw Software LLC, ValueBlue

The enterprise architecture tools market report table of contents includes:

1. Executive Summary

2. Enterprise Architecture Tools Market Characteristics

3. Enterprise Architecture Tools Market Trends And Strategies

4. Enterprise Architecture Tools Market – Macro Economic Scenario
…………

32. Global Enterprise Architecture Tools Market Competitive Benchmarking

33. Global Enterprise Architecture Tools Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Enterprise Architecture Tools Market

35. Enterprise Architecture Tools Market Future Outlook and Potential Analysis

36. Appendix

 

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