The Asia-Pacific enterprise application market is estimated to rise at a CAGR of 12.39% over the forecast period of 2019-2027. The Australian enterprise application market is expected to exhibit the highest CAGR in this region over these projected years. The high cost involved in enterprise application and the currently available open source applications are the major factors hindering the enterprise application market.
The Asia-Pacific market is segmented according to the end-users, solutions and delivery model. The APAC market is predicted to exhibit the fastest growth for the forecast period of 2019-2027. The rapidly changing business models and the integration of cloud technology with enterprise applications are presenting the market with potential growth opportunities. The market is witnessing a boom in the number of startups. These startups are increasingly adopting cloud-based solutions for a more customer-centric approach. However, the issues related to cloud-based integrations are challenging the market growth.
Hewlett Packard Enterprise Company, QAD, Inc., Salesforce.Com, Inc., Microsoft Corporation, Industrial & Financial Systems, AB (IFS), Oracle Corporation, Epicor Software Corporation, Infor, Inc., International Business Machines Corporation (IBM) and SAP SE are some of the major companies in this market.