Category: Enterprise Software
The global enterprise software market is growing at a meager 8% CAGR (Compound Annual Growth Rate). The market has been figured to be worth US $634 Billion by the end of 2023.
The traditional players (CA Technologies, EMC, Hewlett Packard, IBM, Microsoft, Oracle, SAP, etc.) are going to be made less relevant with the imminent move to SaaS, PaaS, and IaaS as a delivery model. It’s actually the end of enterprise software as we knew it.
The future will involve drones, robots and augmented humans that will be generating extremely large amounts of data (Big Data), and arguably more impactful data (intelligent data). With the rise of sensor technology and IoT, the cloud, edge computing and most importantly, artificial intelligence (AI) and machine learning — we will move from automating business processes to automating decisions….and with that, a transformation of enterprise software – into autonomous enterprise software.