NEW YORK, Dec. 8, 2016 /PRNewswire/ -- The Business Analytics And Enterprise Software industry consists of establishments engaged in the development and distribution of business analytics, business intelligence (BI), customer relationship management (CRM), predictive analysis, enterprise resource planning and other enterprise software. These software allow businesses and analysts to extract valuable information from the data provided and helps in decision making .
The Americas was the x largest geographic region in the business analytics and enterprise software market in 2016, accounting for $x billion or x% of the global market. Asia was the x largest geographic market, accounting for $x billion or x% of the global market. Europe was the x largest geographic market, accounting for $x billion or x% of the global market. The Middle East and Africa accounted for x% and $x billion, while Oceania accounted for x% of the global business analytics and enterprise software market.
Cloud/Software as a Service (SaaS) – Over the past five years, cloud software solutions have been gaining acceptance from companies across all industries. Cloud is a software delivery method where a vendor hosts a software application in a remote server and customers can access it through the internet. Cloud software solutions are widely used in customer relationship management (CRM), HR/payroll, project management and accounting software systems. Software product companies are also offering services through a pay-per-usage payment model that enables an individual or a company to pay a small subscription fee only when they use a software instead of a full license fee. For example, Vodafone is utilizing Salesforce.com's CRM tool services to make connections through social media.
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