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In case you missed it - the Enterprise Software Market Trends & Forecasts 2019-2022 report is available for download. The is our latest analysis of the drivers and trends shaping the Enterprise Software market.
Enterprise Software is a critical enabler for organisations looking to digitally transform their businesses. And there’s no shortage of software, delivery models and suppliers to help bring digital strategies to fruition. So why is the UK enterprise software sector bumping along with low single digit growth?
It’s clear organisations recognise the need to invest in software to drive business change but are held back by the practicalities of how to implement and how to overcome the skills deficit. Market growth is also hampered by lessons from early ventures into software-enabled digital and questions around the fitness of ‘version 1.0’ digital platforms and tools. There is also the ‘minor’ issue of bringing order to the digital chaos of those early digital projects. Add in the inexorable swing to SaaS and these are some of the factors acting as a brake on the market.
But there are market accelerators too. Organisations’ recognition of the value of (digital) data driven business is rising so the consideration is no longer ‘why’ but ‘how’, which brings the intricacies of change management and mastering interdependent relationships to the fore. And as software becomes ever more integral to areas like automation, cyber security and areas of ‘software-defined’ functionality, revenue is shifting from these sectors into software, opening up new opportunities for savvy suppliers to outperform the enterprise software market.
If you are interested in the Enterprise Software Market Trends & Forecasts 2019-2022 report but are not a TechMarketView or ESASViews subscriber, Deb Seth will be happy to help.
Posted by Angela Eager at '07:15' - Tagged: cloud software trends forecasts AI digitalchaos
