Global Enterprise Software Market is valued at approximately USD 196.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.5% over the forecast period 2022-2029. The integration of emerging technologies, including Blockchain, AI, ML, and RPA, into enterprise software is a key driver of market growth. Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) software have gained significant traction among organizations, fueling market growth. Increasing investments in digital infrastructure and research and development, aimed at improving software efficiency and reliability, are creating opportunities for market growth. However, challenges such as rising digital threats and high costs associated with software implementation are restraining market growth.
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