Kable forecasts the global enterprise applications market to grow at a CAGR of 9.2% from 2014 to 2018.
The retail industry is expected to witness the fastest growth in enterprise application spending, with this market growing at a CAGR of 11.7% from 2014 to 2018.
Enterprise resource planning which currently constitutes the largest proportion (26%) of the overall enterprise applications market is forecasted to reach $43 billion by 2018.
The market for SaaS based and on-premise solutions is expected to grow at CAGRs of 18.6% and 6.9% from 2014 to 2018, respectively.
Small and medium sized institutions’ spend on enterprise applications is forecasted to reach $80 billion by 2018.
