Business Analytics & Enterprise Software Market Characteristics
The business analytics and enterprise software market consists of sales of business analytics and enterprise software by entities (organizations, sole traders and partnerships) that produce business analytics and enterprise software designed to analyze business data to better understand an organization's strengths and weaknesses.
Enterprise Software is a software used to satisfy the needs of an organization rather than individual users. Such organizations include businesses, schools, interest-based user groups, clubs, charities, and governments.
Competitive Landscape of the Business Analytics & Enterprise Software Market
Major players in the global business analytics & enterprise software market include SAP, SAS Institute, IBM Corporation, Oracle Corporation, Tableau Software Inc.
Business Analytics & Enterprise Software Market Size
The business analytics & enterprise software market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the business analytics & enterprise software market is due to emerging markets growth, technology development, increasing data volume for storage.
However, the market for business analytics & enterprise software is expected to face certain restraints from several factors such as budgets, security concerns.
Business Analytics & Enterprise Software Market Segmentation
The global business analytics & enterprise software market is further segmented based on type and geography.
By Type - The business analytics & enterprise software market is segmented into ERP Software, BI Software, CRM Software, SCM Software, Other Software.
By Geography - The global business analytics & enterprise software is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North America business analytics & enterprise software market accounts the largest share in the global business analytics & enterprise software market.
Trends in the Business Analytics & Enterprise Software Market
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, is the major trend witnessed in the global business analytics & enterprise software market.
Potential Opportunities in the Business Analytics & Enterprise Software Market
With smart cities, government initiatives, internet of things (ioT), increasing usage of computer based products, the scope and potential for the global business analytics & enterprise software market is expected to significantly rise in the forecast period.
