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Those with access to TechMarketView’s TechSectorViews research programme can now read Enterprise Software Suppliers, Trends, and Forecasts 2024.
Dip into the report for our unique commentary on the trends shaping the market for Enterprise Software in the UK. Understand the big picture for change but also get under the skin of our detailed recommendations for supplier.
Spending priorities are evolving as organisations fine tune the balance between budgets and competitive imperatives amid economic uncertainty. To enable acceleration, software previously deemed unsuitable for cloud deployment is being migrated. Data foundations are also being upgraded to accelerate transformation and prepare to wring further value from AI, including Generative AI. Cybersecurity continues to demand investment to mitigate heightened risks from digital and data-driven business models.
The report also refers to the need for suppliers to “deliver on the digital promise”. Report author, Angela Eager, says: “Having benefitted from frenetic spending over the past three years as organisations coped with the combination of COVID-driven changes and the digital transformation imperative, the Enterprise Software market is calming down.”
In 2023, the rate of market growth in Enterprise Software fell back to 8.4% and will continue to gently slide in subsequent years.
“The search for value, productivity, and acceleration enablement will continue to reshape the relationship between buyers and suppliers. To thrive, software providers must establish themselves as trusted partners. That requires imagination as well as high quality, appropriate, accessible software to help organisations through their value-based transformation programs and productivity ambitions and deep data skills,” Eager concludes.
Read the report here: Enterprise Software Suppliers, Trends, and Forecasts 2024
Other reports in this TechSectorViews series include:
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Posted by HotViews Editor at '09:54' - Tagged: forecasts
