Global enterprise software market will achieve $500 billion by 2022 . Among the top companies in the business software development are IBM, SAP, Oracle, SAS Institute and Microsoft. In 2013 , SAP created $3 billion in revenue from the analytics, business intelligence, performance management software.

Key facts about the current state of enterprise software from the Orbis Research:

  • ERP and CRM are the most popular application segments.
  • Business intelligence is the third biggest segment being followed by SCM apps.
  • Media & Services, Banking & Securities, and Manufacturing & Natural Resources are the key three industries.
  • Retail and Insurance compete to capture the highest share of the enterprise software market.
  • North America is the biggest market for enterprise software development.
  • Western Europe is the second biggest market for enterprise software.

Related article: Improving businesses: How to successfully implement an ERP system and start using it efficiently?

Enterprise application software market revenue worldwide from 2016 to 2022

latest software development trends

#1 Increased adoption

This is surprising that the average rates of adoption are low. Many businessmen share their experience that approximately 40% of the users easily employ new IT products. If the users stuck to adopt new solutions, the reason is lack of training and executive support.

#2 Must-have features

Most companies think that the basic set of features isn’t enough. They desire to develop reminders for the users, cloud deployments for flexibility and scalability, cloud solutions for spend optimization.

#3 Cloud priorities

Studies found out that most organizations pay attention to methodologies for apps migration, cloud service governance, better business cases, raising internal cloud talent and cloud brokerage.

Cloud computing has become so popular because of the demand for relevant insights delivered on time to improve corporate-wide performance. This need is growing according to the challenges that companies need to overcome in keeping pace in client-oriented environment. Better intelligence and higher speed are the best enterprise software for the buyers nowadays. Cloud website accelerates app development with safety guarantees.

If exploring other enterprise software news, Deloitte believes that by 2020 more than 92% of the biggest companies will employ one or a few cognitive technologies. Natural language processing, machine learning, and speech recognition will be the hottest IT trends.

Improvements with machine learning

The main goal of machine learning is strengthening employees to make them capable and equipped with the right tools. Enterprise software uses machine learning to know employees’ desires, preferences, and needs. With this analytics, managers and CEOs can make data-driven decisions and deliver desired results, help workers to save time and refine productivity.

Machine learning may track the status of work assignments and help to fulfill existing gaps. Moreover, it may help by reminding staff how they dealt with similar tasks previously.

IT software trends

Task completion and omnichannel communication

Omnichannel apps are aimed to refine employee productivity by ensuring needed workflows from different employee systems. For instance, a team may have new tickets to discuss them and assign to the needed team member.

Workplace communication tools are popular because many teams are located in different countries and it requires special software to manage their collaboration. For example, Trello, VMware Workspace ONE and Microsoft Teams are the most well known.

Push notifications

With push technology, employees get to know about news, tasks, updates, policy changes, etc. For instance, a team member will get a notification when another employee requires something. Push notifications help to make decisions faster with needed information.

The Push Notification technology helps to supply information from an app to any device without a certain request from the app. Researches showed that push notifications can refine sales up to 10 times. Besides, according to the recent data, those who don’t send push notifications lose 95 cents for each dollar needed for further customer acquisition.

MBaaS will become ‘enterprise grade’

Mobile-Backend-as-a-Service capabilities are important to development as it pays attention to runtime encompassing Platform-as-a-Service and key mobile “infrastructure services”. But MBaaS keeps evolving and a backend as a service will gain a status “enterprise-grade.” It means greater connectivity to the enterprise and maintenance for wearables. So, wearable technology will get MBaaS capabilities and comprise app management, content and device management, security services and app distribution.

Micro-apps as game changers

Applets or notification driven micro-apps will be one of the IT software trends. For example, Android and iOS have become more actionable. Now, users may respond to notifications without a need to launch the app. For instance, customers may respond directly from the LinkedIn notification center. Or you receive a notification from the Starbucks, and you may directly respond what type of coffee you want. Moreover, users can simply enter an airline boarding area to receive needed updating without using an airline app.

Micro Apps are HTML-based, personalized apps that are made with a specific purpose in mind. It brings customer satisfaction and allows speeding up interaction with the apps. And offering fast solutions is must-have for the organizations of different size.

Let’s consider the benefits that brought micro apps high popularity:

  • Customization

Micro apps are purpose-oriented and help users to take advantage of a concrete feature. Moreover, users get easy to use, an agile tool to satisfy their needs. It is possible because everything is well-optimized for the best user experience.

  • No demand to fit app stores

Programmers may simply paste them into a full-featured web app or apply them as a communication tool within the mobile app. It helps to save time for the development team and do more with less.

  • Smooth user experience

Micro App is aimed to bring an easy form of browsing experience by allowing users provide a specific task more productive. A typical mobile app often fails to ensure that users’ expectations are fulfilled because of a number of unimportant features. A Micro App is equipped with an app workflow and a set of devices, it helps users to provide their tasks more successfully.

  • Tackles various technical issues

Micro apps have better technical performance because it is not overloaded with unwanted features. For example, complex navigation, high load times, heavy registration formalities and limited accessibility may slow down all processes.

Having only one functionality, Micro apps are better fit some technical issues and brings easier navigation and fast access.

  • Saves resources

Micro Apps free up developers from the rush to implement multiple features and to optimize the Micro App for different app stores. It helps to create products faster and easier.

  • Fits all devices

Micro apps will look the same on all devices. Besides, customers may receive these apps through an email account, browser, or a push message.

enterprise software trends

Augmented and virtual reality

AR and VR solutions may be used for inventory management and accelerate logistics and manufacturing. Smart glasses or head-mounted displays are applied nowadays for inventory management. It helps to make easier routine tasks involving repair at warehouses and the factories.

Moreover, it helps to cooperate remotely to eliminate the risk of mistakes. This is a good match for the dangerous fields like hardly accessible machines like rotors of wind turbines and chemical factories.  

VR help companies to take advantage of end-to-end visual emulation. It can be used to develop simulations of warehouse automation robots for product demonstrations and evaluation.

Virtual reality brings real-time data visualization with intuitive data understanding. Researchers found that those who explored the data through virtual reality has greater information retention.

And the most important usage of virtual reality is training in a real-life environment. Customers may simulate any conditions that they need in order to help employees gain significant experience.

Enterprise IT trends to cover IoT & Wearables

Gartner predicts that global wearable device market will create revenue more than $29 billion in the near future. Smartwatches have a huge impact on the industry: approximately $11.5 billion per year. Experts predict that they will worth $17.5 billion by 2019. Research director at Gartner, Angela McIntyre, says that from 2015 through 2017, wearables have become a lifestyle trend, and smartwatch adoption will have near 50% growth.

The latest software development trends definitely involve the adoption of smartwatches and wearable scanners with a potential revenue of $55 billion by 2022. That means a 424% growth from the $10.5 billion market value in 2017.

This enterprise software news opens the new doors for the businesses. Wearables are more personal with an ability to deliver needed level of customization and refine productivity and security issues. Besides, a sensor hub as a part of a smartwatch can gather such signs such as activity levels, stress, vitality.

IoT and wearable technologies make a connection between companies and employees. Additionally, many wearable platforms may be supported by enterprise mobility management solutions for higher accuracy and support. It helps to eliminate mistakes and cut additional costs. Another advantage of IoT for the organizations is human authentication with an improved level of security.

The best enterprise software companies

Let’s consider the best enterprise software companies all over the world.

  1. Amadeus IT Group . The company is based in Spain and had a net revenue of $4.95 billion last year. The company offers transaction processing solutions to the tourism and travel industry, involving full low-cost airlines, hotels, service carriers, cruise and ferry operators, rail operators, etc. Also, it has IT solutions business area and worldwide distribution system.
  2. Adobe Systems deliver digital marketing and media solutions with a net revenue of $6.1 billion last year. Enterprises can take advantage of their cloud services, and such products as Adobe Illustrator, Adobe Photoshop, Adobe Photoshop Lightroom, Adobe Premiere Pro, and Adobe InDesign, Adobe Acrobat tool. It offers simple and personal solutions for the enterprises all over the world.
  3. VMWare is located in Palo Alto, California. This company has experience in application and development of virtualization technologies with x86 server-based computing. It had a net revenue of $7.09 billion in 2017. It brings cloud computing solutions and maintains any app, device, and cloud. It units VMware’s storage and network virtualization compute for an integrated stack, The company offers cloud infrastructure capabilities for the modern enterprises.
  4. DICEUS is located in Ukraine and serves clients all over the world for 7 years. It is one of the leading development companies in Ukraine by Clutch. The company brings cross-browser, user-friendly and agile, responsive IT solutions for various industries. It covers solutions for ERP, CRM, SCM, EAM. Also, customers may add some functionalities to the existing system and align them to the special demands and business needs.
  5. Salesforce is San Francisco-based company with a net revenue of $8.39 billion last year. The company helps enterprises to handle customer relation management, add sales force automation, improve customer service. Moreover, it brings marketing automation, deep analytics, community management, IoT integration, application development, collaborative productivity tools and needed cloud services.
  6. SAP had a net revenue of $24.41 billion in 2017 and this is the biggest software company in Europe. It offers global software-related services and enterprise application software. The company delivers professional ERP tools that help to accelerate business processes. It helps to provide automation and integration as well. Moreover, SAP helps enterprises to manage a huge amount of data and make better decisions.
  7. Oracle involves 136,000 employees and is located in California. It had a net revenue of $37.43 billion last year. Oracle released Oracle Software Delivery Cloud for enterprise app deployment across private and public cloud infrastructure.
  8. Microsoft reported a revenue of $85.27 billion. Microsoft Dynamics ERP is software to help midsize companies to cope with their modern business needs, change and expand. Their solutions help each department to notice the existing state of the workflows. It helps HR and accounting cooperate with sales and refine customer relationships. Moreover, enterprises can benefit from the full package of the Microsoft products such as Word, Excel, etc.
  9. Slack Technologies help organizations all over the world to manage their communication and to share experience, knowledge, and updates among global teams. It is a good fit for the companies of different size. Besides, this solution has unlimited workspaces with access to all team members fast and easy. Moreover, employees get shared channels. With this collaboration tool, enterprises can reach security and compliance demands.
  10. Cisco. It has a data center and network for security and collaboration. Their solutions involve analytics and automation, IoT, cloud and various types of software.

The company has an easy policy to ensure transparent and quick cooperation. For example, the new Cisco Enterprise Agreement was made to support clients handle difficult software licensing agreements. The Cisco EA involves innovative approaches to software licensing.

The company has an easy policy to ensure transparent and quick cooperation. For example, the new Cisco Enterprise Agreement was made to support clients handle difficult software licensing agreements. The Cisco EA involves innovative approaches to software licensing.

So, our enterprise software news will help you not to get lost among different IT trends. Now, you know that the best enterprise software needs to include IoT solutions with the ability to create micro-apps and deliver personalized treatment to each customer.

These enterprise software examples show that the IT area is very dynamic and all business needs can be covered in a blink of an eye. Latest software development trends help enterprises to make data-driven decisions and speed up all processes.