Market Research Future (MRFR) has published on the “Global Enterprise Architecture Market”.
The Enterprise Architecture market is estimated to register a CAGR of 5.00% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Enterprise Architecture market— Software AG, Avolution, BiZZdesign, MEGA International, BOC Group, Orbus Software, QualiWare, Leanix, Erwin, Sparx Systems, ValueBlue, UNICOM Global, Clausmark, Enterprise Architecture Solutions, and Planview.
Market Highlights
The global Enterprise Architecture market is accounted to register a CAGR of 5.00% during the forecast period and is estimated to reach USD 1.70 billion by 2032.
Enterprise architecture becomes essential for smooth integration and efficient management of cloud services as more companies move to cloud-based solutions. It allows businesses to create and execute secure, adaptable, and scalable cloud architectures. Additionally, the inherent reluctance to change seen in organizations is one of the main restraints. Effective deployment of new enterprise architectural frameworks and processes may be impeded by resistance from employees and leadership. Furthermore, enterprise architects have increasingly more opportunities to offer specialist services in creating and implementing strong cybersecurity architectures as long as cybersecurity threats continue to change. Creating plans for threat detection, identity management, and data protection falls under this category. Moreover, Strong executive support is needed for the deployment of enterprise architecture to be successful. It isn't easy to get the organization's support and the required resources when the leadership does not see the importance of architectural efforts.
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Segment Analysis
The global Enterprise Architecture market has been segmented based on component, deployment type, organization size, and vertical.
Based on components, the market is segmented into solutions, [infrastructure architecture, application architecture, data architecture, security architecture, others], services, [managed services, professional]. The solutions segment was attributed to holding the largest market share in 2023. The application architecture solution is the most popular architecture tool available today. It enables companies to evaluate how their software applications are mapped and combined into a corporate architecture. With a robust and flexible application architecture, businesses can quickly adjust to evolving user needs and save time to market. Moreover, it aids companies in identifying functional gaps and guaranteeing the scalability and dependability of their systems.
The global Enterprise Architecture market has been segmented based on deployment type into on-premises and cloud. The cloud segment was expected to have the largest market share in 2023. Utilizing services from many cloud providers is a component of multi-cloud deployments. This method increases flexibility while lowering reliance on a single supplier. Depending on the capabilities offered by the provider, organizations may select various cloud platforms for particular apps or services.
The global Enterprise Architecture market has been segmented based on organization size into large enterprises and SMEs. In 2023, the large enterprises segment was anticipated to have the highest market share. Enterprise architects are essential to integrating and modernizing legacy systems, which large enterprises often struggle with. The objectives are to improve productivity and adaptability while assisting with digital transformation projects.
Based on vertical, the global enterprise architecture market has been segmented into BFSI, consumer goods and retail, IT & telecommunication, manufacturing, healthcare and life sciences, and others. The category for IT & telecommunication was predicted to hold the largest market share in 2023. The IT and telecom sectors are constantly experiencing technological innovations. The challenge facing enterprise architects is to create flexible architectures that can swiftly adopt new technologies like edge computing, 5G, and the Internet of Things.
Regional Analysis
Based on region, the global Enterprise Architecture market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Enterprise Architecture market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Enterprise Architecture market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The rest of the world's enterprise architecture market comprises the Middle East, Africa, and Latin America.
The North American regional sector maintained the largest market share for Enterprise Architecture. The United States and North America constitute a global technical innovation center. Many IT giants, startups, and research institutes that are important to enterprise architecture are based in the region and actively participate in creating and adopting cutting-edge technology.
Moreover, the European market has been persistently growing over the forecast period. Europe has strict laws and regulations, particularly in the financial and medical fields. To navigate and comply with rules like the General Data Protection Regulation (GDPR), the Payment Services Directive (PSD2), and the Markets in Financial Instruments Directive II (MiFID II), enterprises must implement enterprise architecture solutions.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. Several Asia Pacific nations are actively pursuing initiatives for digital transformation in various industries. Enterprise architecture is crucial in directing these changes and ensuring companies match their IT plans with their overarching business objectives.
Furthermore, the rest of the world's Enterprise Architecture market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's increasing frequency and sophistication of cyber threats, digital transformation initiatives, data governance and management, and business process optimization, which are all contributing factors to the market expansion.
Key Findings of the Study
- The global Enterprise Architecture market is expected to reach USD 1.70 billion by 2032, at a CAGR of 5.00% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market. Strong enterprise architecture is becoming increasingly necessary as e-commerce and the technology sector expand quickly in Asia Pacific nations. Scalability, security, and the smooth integration of digital services are top priorities for businesses operating in these domains.
- Based on vertical, the IT & telecommunication segment was attributed to holding the largest market in 2023.
- Software AG, Avolution, BiZZdesign, MEGA International, BOC Group, Orbus Software, QualiWare, Leanix, Erwin, Sparx Systems, ValueBlue, UNICOM Global, Clausmark, Enterprise Architecture Solutions, and Planview are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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