Enterprise Applications

An enterprise application is a software designed to integrate all aspects of a firm's operations and processes such as accounting, finance, human resources, inventory control, manufacturing, marketing, sales, and distribution, and resource planning. Advanced enterprise applications provide linkages with customers, business partners, and suppliers. It owns a wide portfolio of ERP, CRM, business intelligence, SCM, and EAM.

Retailers, manufacturers, are relying heavily on the supply chain, starting from obtaining raw materials, managing inbound materials & production processes to last-mile delivery of those products at customers’ doorsteps. Also, enterprise application market growth is fostered by supportive government initiatives for the digital transformation of workplaces and the extensive presence of data center facilities. The government initiatives to mitigate coronavirus spread by embracing remote working and increasing the focus of nations on enhancing the national IT landscape are augmenting enterprise application market growth.

Drivers:

• Growing implementation of digital transformation initiatives for SMEs and rising 4G & 5G investments to accelerate the adoption of internet services.
• Government initiatives for digital transformation and extensive presence of data center facilities.
• Technological advancements across various industries to aid the adoption of AL, ML, and advanced analytics-based asset management solutions
• Growing need to streamline business processes
• Highly competitive nature of cloud computing technology has led to an increase in cloud-based deployments
• The extensive penetration of connected medical devices is fueling the adoption of enterprise application solutions across healthcare sector