How Has The Business Analytics & Enterprise Software Market Size Evolved In Recent Years?
The business analytics & enterprise software market has seen considerable growth due to a variety of factors.
• There has been a quick expansion in the market size of business analytics & enterprise software in the past few years. The market is set to rise from $601.44 billion in 2024 to $684.83 billion in 2025 with a compound annual growth rate (CAGR) of 13.9%.
Factors such as business digitization, competitive stress, cost reduction, mobile workforce, and supply chain enhancement have contributed to the growth during the historic period.
What Will Be The Business Analytics & Enterprise Software Market Size In The Future?
The business analytics & enterprise software market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for business analytics and enterprise software is projected to experience swift expansion in the coming years, reaching $1144.86 billion by 2029 with a CAGR of 13.7%.
This growth during the forecast period is expected to be driven by factors such as data privacy issues, amplified analytics, sustainability projects, the rise of e-commerce, advancements in quantum computing, and smart city initiatives. Notable trends during this forecast period involve the incorporation of artificial intelligence (AI) into business applications, real-time data analysis and processing, the use of cloud-based enterprise applications, the integration of blockchain into business operations, and a focus on personalization and customization.
What Are the Critical Driver Fuelling the Business Analytics & Enterprise Software Market's Growth?
The integration of mobility with digital solutions is globally catalyzing the transformation of businesses and fuelling the need for IT services. It plays a crucial role in managing customer experiences and promoting better interaction between strategic partners and suppliers. By offering expanded access to information and services, it enables the integration necessary for critical business operations. The creation and execution of mobile applications necessitate IT services. For instance, Tieto's enterprise mobility solution framework, a key competitive mobility asset, provides tailored solutions to companies in sectors such as healthcare, logistics, telecommunications, energy, and manufacturing.
What are the Market Segments in 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
Pre-Book The Business Analytics & Enterprise Software Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends are Shaping the Business Analytics & Enterprise Software Market?
In recent half a decade, there has been a noticeable rise in the preference for inexpensive open-source options. Open source has evolved as a favourite platform for innovating new technologically advanced solutions. Previously, software products companies would make their non-profitable software open source, however, nowadays these companies are adopting open sourcing software to expand their market footprint and influence. As per the Allison Randal, the President of Open-Source Initiative, it's noted that 78% of the companies leverage open-source solutions and about 64% partake in open-source projects, suggesting a substantial growth in the usage of open-source software platforms for application development.
Who Are the Key Players in 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
What are the Regional Insights into the Business Analytics & Enterprise Software Market?
Asia-Pacific was the largest region in business analytics & enterprise software market in 2024. North America was the second largest region in business analytics & enterprise software market. The regions covered in the business analytics & enterprise software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
