Adoption of enterprise application like and CRM and ERP by businesses in our cloud-mobile-driven age.

First, for those who unfamiliar, Connectikpeople.co recalls that, Enterprise applications enable organizations to enhance internal business processes and systems. These applications can simplify and ease the complex business operations such as finance, HR, inventory control etc.

Henceforth with the ramping up of streamlined cloud and mobility technologies, companies enable their workforce to access information for critical business decision anytime and anywhere. Productivity and efficiency are at the core stakes. 

 According to Research and Markets, the Global Enterprise Application Market is expected to reach $ 213.43 Billion by 2020, registering a CAGR of 7.4% during 2014 – 2020.

Businesses more and more prefer cloud enabled applications; however, on-premise applications would continue to have a larger market share occupying around 55% of market in 2020, according to Research and Markets.

 

Adoption of enterprise application like and CRM and ERP by businesses would also continue to contribute for a major portion of market size by value. Asia-Pacific would prove to be one of the most lucrative markets, in terms of growth.