ENTERPRISE APPLICATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

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Increasing Demand for Mobility and Remote Work Solutions

The accelerated shift to remote work due to pandemic has underscored the importance of cloud-based enterprise applications that facilitate an agile, distributed, and digital workforce. With employees accessing systems from anywhere using various personal devices, there has been huge need amongst organizations to support a secure mobile workforce and optimize productivity outside traditional office settings. Vendors are witnessing tremendous interest in their mobile-first solutions for critical functions like sales, services, marketing, project management and finances.

Enterprises want applications that can consolidate disparate tools, improve collaboration internally as well as externally with partners and customers, and deliver unified experiences. Empowering employees with self-service access on any device is pivotal for business continuity, especially in times of uncertainty. Forward-thinking firms are choosing vendor partners and platforms that can address these needs through robust mobility offerings, social functionality, contextual assistance and analytics capabilities. This enables remote working at scale, ongoing customer engagements, virtual project execution and flexible work arrangements.

As hybrid work policies gain popularity, mobility will remain a strategic priority. Applications that can synchronize data across endpoints, enable offline usage, track activities and progress, facilitate multimedia interactions, and power customized workflows on -the -go - are strongly resonating with companies. Application developers are prioritizing responsive designs, configurable user experiences, single sign-on integrations and security features to make remote work seamless through mobile and web apps. Successful vendors will be those who continually enhance capabilities to support the new normal of distributed workforce through their cloud-based enterprise application portfolios.

• Adobe, Inc.
• Epicor Software Corporation
• Hewlett Packard Enterprise
• IBM Corporation
• Infor, Inc.
• IFS AB
• Microsoft Corporation
• Oracle Corporation
• QAD Inc.
• com, Inc.
• SAP SE
• ServiceNow, Inc.
• Sisense
• Workday, Inc.
• Zoho Corporation