The North America Enterprise Application Market would witness market growth of 7.7% CAGR during the forecast period (2021-2027).
The enterprise application market is rising due to a growing need among enterprises for a single solution to assist them handle business problems. Enterprise application software that combines a wide range of applications like customer relationship management (CRM), supply chain management, business intelligence, and e-commerce systems and can be customized for special business requirements and implemented throughout corporate networks on a number of platforms, is used by businesses.
Business-oriented enterprise apps that codify corporate policies, procedures, and processes and are designed in compliance with various business needs are in high demand as companies grow. Such apps help employees work well as the usage of mobile devices in offices grows. This improves communication, improves organizational efficiency, and allows them to discover new revenue-generating market prospects.
The U.S. retail e-commerce sales estimated for the fourth quarter of 2021, adjusted for seasonal fluctuation but not for pricing changes, was $218.5 billion, up 1.7 percent (0.7 percent) from the third quarter of 2021, according to the Census Bureau of the Department of Commerce. Total retail sales were anticipated at $1,688.6 billion in the fourth quarter of 2021, up 2.5 percent (0.2 percent) from the third quarter. In the fourth quarter of 2021, e-commerce sales are expected to climb 9.4% (0.9%) over the fourth quarter of 2020, while total retail sales are expected to increase 15.2% (0.5%).
E-commerce sales accounted for 12.9 percent of overall sales in the fourth quarter of 2021. These statistics shows that enterprises across US are witnessing a huge spike in their market growth and hence, they are widely increasing investments in the adoption of advanced business analytic tools and solutions.
The US market dominated the North America Enterprise Application Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $117.1 billion by 2027. The Canada market is estimated to witness a CAGR of 10.2% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 9.2% during (2021 - 2027).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Supply Chain Management, Enterprise Resource Planning, Customer Relation Management, Business Process Management, Enterprise Asset Management, Business Intelligence, Content Management System, and Others. Based on Deployment Type, the market is segmented into On-premise, Cloud and Hybrid. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-Sized Enterprises. Based on Vertical, the market is segmented into Telecom & IT, BFSI, Government, Retail, Manufacturing, Healthcare and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Enterprise Application Market is Estimated to reach $468.2 Billion by 2027, at a CAGR of 9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, Salesforce.com, Inc., Hewlett-Packard Enterprise Company, IFS AB, QAD, Inc. (Thoma Bravo), Epicor Software Corporation, and Infor, Inc. (Koch Industries).
By Component
By Solution Type
By Deployment Type
By Organization Size
By Vertical
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
