PUBLISHER: Grand View Research | PRODUCT CODE: 1611710
PUBLISHER: Grand View Research | PRODUCT CODE: 1611710
The global enterprise application market size is estimated to reach USD 625.66 billion by 2030, registering a CAGR of 11.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing need among organizations for single data access point is anticipated to drive industry growth over the forecast period.
Implementation of enterprise application solutions enables real-time data and information flow along with level running of business process. Use of these solutions enables better customer engagement, inventory management, quality management, and supply chain management. Increasing IT budgets of companies is expected to favor industry growth over the next few years. However, availability of open source solutions and high maintenance costs may hinder industry growth.