The enterprise software market will transform, driven by the rapid adoption of artificial intelligence — especially agentic AI — and the global acceleration toward cloud-first strategies. According to IDC's latest market study, spending on agentic AI will account for more than 26 percent of worldwide IT investment by 2029, exceeding $1.3 trillion, and reshaping the core priorities and technologies fueling digital growth. Enterprise Software Market Development Recent IDC research projects that worldwide enterprise applications revenue will surpass $600 billion by 2028, up from $356 billion in 2023 — a clear sign of double-digit momentum in this sector. The enterprise applications market, including functional areas such as enterprise resource management (ERM), customer relationship management (CRM), supply chain management (SCM), and production or engineering applications, delivered 12 percent year-over-year revenue growth in 2023. Equally notable, public cloud is forecasted to domin...
TMT Market Research and Analysis