Enterprise software is software used to satisfy various business needs. It helps companies and businesses to accomplish their corporate goals; for example, by helping to track and improve supply chains, manage resources, or interact with customers. A wide range of applications are subsumed under the term “enterprise software”, such as accounting software, office suites, groupware, human resource management (HRM) systems, outsourcing relationship management, customer relationship management (CRM), enterprise resource planning (ERP), supply chain management (SCM), business intelligence (BI) and business process management (BPM).
Worldwide IT spending on enterprise software has been growing steadily and rapidly, amounting to 456 billion U.S. dollars in 2019. According to Statista's IT Market Model, business software market, which includes ERP and CRM software, is expected to grow consistently in the next few years, reaching a market revenue of around 95.4 billion U.S. dollars worldwide by 2021. Amongst the leading companies in the business software field are SAP, Oracle, IBM, Microsoft and SAS Institute. In 2019, SAP generated a combined 16 billion euros in revenue from their software licenses and software support segment.
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In the following 5 chapters, you will quickly find the 34 most important statistics relating to "Enterprise software".