Worldwide Enterprise Applications Market Shares, 2014: Year of Cloud, SMB, and Industry-Specific Applications
This IDC study reviews the market for enterprise applications software, which grew strongly in 2014 to reach $146.8 billion — an increase of 6.5% when compared with $137.8 billion in 2013, driven by the demand for public cloud offerings and modern intuitive user experiences. The on-premises market remains significant as midsize and large enterprises are choosing to maintain existing software rather than disrupt the critical business processes surrounding the management of finance, order management, payroll, procurement, projects, strategic assets, engineering, manufacturing, and supply chain management."The enterprise applications market has continued to evolve and grow as organizations of all sizes look to modern business applications with intuitive user experiences that can help them drive growth and agility while adapting to rapidly changing business models based on customer success, subscriptions, and recurring revenue," says Christine Dover, research director, Enterprise Applications and Digital Commerce. "In addition, while the bulk of the applications for engineering, operations and manufacturing, and supply chain management remain on-premises, the movement to the cloud is starting to be seen.