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The global enterprise software market, which is presently at a blooming stage, holds huge potential for growth in the coming years. A need for enterprise software is growing because of rising awareness, tough competition and increasing disposable income. It is used to satisfy the needs of an organization, rather than individual users. Such organizations would include businesses, schools, interest-based user groups, clubs, charities, or governments. The countless benefits of using enterprise software has attracted end-users in the banking, manufacturing, retail, communication, insurance, automobile etc. It is anticipated that the market will post growth at a CAGR of around 5.47% during 2016-2022.

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In their latest research study “Global Enterprise Software Market Outlook to 2022”, RNCOS analysts have identified and deciphered the market dynamics in important segments to clearly highlight the areas offering promising possibilities for companies to boost their growth. The report studies the market by segments to provide an overview of different segments. It has been found that analytics software market holds the major share of the total market, followed by performance management software, business process management software and audit software. Also, segmentation by geography and by industry has been studied in the report.

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As per RNCOS’ study, the enterprise software market has been showing significant growth in developed economies. To provide further comprehensive information, an in-depth regional level analysis of major global enterprise software markets, viz. America, Europe, Asia-Pacific, Middle East & Africa, with forecast till 2022 has been incorporated into the report. The section also covers the current market scenario and major industry developments in each region.