Enterprise Software Market - Forecast(2020 - 2025)
The Enterprise Software Market is forecast to reach $545m by 2025 and is estimated to grow at a CAGR of 6.15% during the forecast period 2019-2025. The growth of the market can be attributed to increased adoption of cloud-based services in small and medium-sized organizations. Small organizations are integrating cloud-based technology into their businesses to lower the upfront costs and access business-critical applications at the convenient time and place. The IT spending on enterprise software was increased at a rate of 9% during 2017-18, where most of these spending were specific to cloud-based enterprise technology. Companies are widely adopting cloud-based enterprise software to scale up businesses with minimum investment. Enterprise software increases efficiency and accelerates the overall productivity of an organization thus, witnessing faster adoption. Enterprise Software Market Report Coverage The report: “Enterprise Software Market – Forecast (2019-2025)”, by Industr...