Worldwide Enterprise Applications Revenue Grew 12.0% In 2023 And Is Forecast To Surpass $600 Billion In 2028, According To Idc

The enterprise applications market experienced significant growth in 2023, driven by the integration of artificial intelligence (AI) and generative AI (GenAI) into business software. This has led to improved employee and customer experiences, faster decision-making, and increased reliance on cloud technology. The top 5 vendors in this market were SAP, Salesforce, Oracle, Microsoft, and Intuit.