Enterprise Architecture Management Software Market Size, Share, Growth, and Industry Analysis, By Type (Cloud-Based, On-Premises and Others), By Application (SMEs, Large Enterprises and Others) Regional Forecast To 2031

Updated On: 22 April 2024

ENTERPRISE ARCHITECTURE MANAGEMENT SOFTWARE MARKET REPORT OVERVIEW

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global enterprise architecture management software market size was USD 1084.6 million in 2022 and market is projected to touch USD 1525.9671 Million By 2031, exhibiting a CAGR of 3.9% during the forecast period.

 The global COVID-19 pandemic has been unprecedented, staggering, as the enterprise architecture management software market are experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

Enterprise architecture management software is a piece of software that assists enterprises in managing their enterprise architecture. It enables users to generate and track diagrams of the organization's information technology systems, as well as document and evaluate the relationships between various components. Enterprise architecture management software is significant because it assists firms in planning and optimising their IT systems, hence increasing efficiency and effectiveness. Modeling a full architecture and all dependencies can be highly beneficial in making key decisions about which components to preserve and which to reject, for example, during a merger of two firms.

COVID-19 Impact: The Pandemic Resulted in Shortage of Personnel and Intensified the Market Growth

Starting from December 2019, COVID-19 illness pragmatically spread in 180+ nations around the world and the World Health Organization announced it as a  well-being crisis. The after effects of the outbreak are now beginning to be perceived, and is essentially aimed to influence the enterprise architecture management software market growth in 2020 and 2021. Noticing the aftermaths of of the pandemic on the global enterprise architecture management software market, the report analyzes that shortage of staff and personnel help to aid the market growth by managing the functionality of the enterprise effectively and efficiently.

LATEST TRENDS

"Demand for Integrated IT Solutions to Manage their IT Infrastructure to Propel the Market Growth"

Enterprise architecture has been proven to help enforce discipline and standardization of IT planning activities and to contribute to a decrease in time for technology-related decision making in management and decision making. The enterprise architecture aids in the reduction of system deployment and operational expenses, as well as the reduction of IT infrastructure service replication among business units. It leads to reduced IT complexity, data and application consolidation, and improved system interoperability. It is a more open and responsive IT, as seen by enhanced data accessibility for regulatory compliance and increased transparency of infrastructure changes. In terms of risk management, enterprise architecture helps to mitigate business risks from system failures and security breaches, as well as project delivery risks.

ENTERPRISE ARCHITECTURE MANAGEMENT SOFTWARE MARKET SEGMENTATION

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• By Type Analysis

Based on type, the enterprise architecture management software market is subdivided into cloud-based, on-premises and others.

Cloud-based is the leading part of the type segment.

• By Application Analysis

Based on the applications, the enterprise architecture management software market is subdivided into SMEs, large enterprises and others.

SMEs is the leading type of the application segment.

DRIVING FACTORS

"Demand from SMEs due to Growing Complexity of Enterprise Operations to Escalate the Market Growth"

The advantages of enterprise architecture are realized through its direct and indirect contributions to the aims of business organizations. Enterprise architecture helps in the design and re-design of organizational structures during mergers, acquisitions, and general organizational transformation. It aids in the discipline and standardization of business processes, as well as the consolidation, reuse, and integration of processes. Enterprise architecture aids investment decision-making and work prioritisation in project portfolio management. It also improves collaboration and communication among project stakeholders. Enterprise architecture aids in the effective scoping of projects and the definition of more full and consistent project deliverables. It accelerates requirement elicitation and improves the correctness of requirement definitions by releasing enterprise architectural documents.

"Popularity of Cloud Based Solutions to Enhance the Market Share"

Cloud computing has swept the software business by storm. The idea that users can host and operate processes and applications remotely, which was previously a very speculative possibility, has now become a fully functional reality thanks to cloud computing, and it has brought an assortment of advantages to companies and businesses such as scalability and cost effectiveness. Using a cloud-based application for business process management means that not only can business data be stored global basis using a cloud service, but business processes can also be run digitally on this data and findings can be sourced locally through the system, making all of these processes very smooth and requiring minimal hardware and server power on the client side. This offers up a whole new avenue for small firms to manage their operations by utilizing computational resources and services provided by the cloud and expanding their business structure via remote means.

RESTRAINING FACTORS

"Functionality at Tactical Levels and its Opaque Nature to Restrain the Market Growth"

Establishing enterprise architecture as a recognized, accepted, functionally integrated, and fully involved concept at operational and tactical levels has been identified as one of the most difficult challenges faced by enterprise architecture software today, as well as one of the primary reasons why many enterprise architecture management software initiatives fail. Because of the broad-brush and often opaque nature of its initiatives, one major problem concerning enterprise architecture has been the difficulty in arriving at success measures.

ENTERPRISE ARCHITECTURE MANAGEMENT SOFTWARE MARKET REGIONAL INSIGHTS

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"North America to Lead the Market With the Presence of Technological Advancements"

The North American region accounts for the largest enterprise architecture management software market share, with almost half share of imposition by it. The market growth is enhanced corresponding to the factors such as implementation and developments of advanced technology in verticals including software, hardware technologies and other sectors. The presence of a high number of organizations that are early adopters of advanced devices, such as cloud computing and big data, can be linked to the increase. Furthermore, these businesses are focusing on increasing operational efficiency by implementing enterprise architectural management software solutions. Over the projection period, this is expected to boost regional market expansion.

KEY INDUSTRY PLAYERS

"Industry Players to Adopt Technological Innovations to Sustain in the Market"

The report analyzes different market players in the industry. The information is published after proper research, analysis of trends, key developments, the introduction of new initiatives, and technological developments and innovations. Other aspects of the report include a study on the companies, regions, automation, technological developments, and the impact of newly emerging industries along with their risks. The facts in the report may be subject to change, given the situation of market players from time to time.

List of Market Players Profiled

• Planview (U.S.)
• Erwin (U.S.)
• IDERA Software (U.S.)
• Sparx Systems (Australia)
• SAP (Germany)
• MEGA International (U.S.)
• Avolution (Australia)
• IBM (U.S.)
• Future Tech Systems (Kuwait)
• ModelRight (U.S.)
• Software AG (Germany)

REPORT COVERAGE

The report examines elements affecting the demand and supply sides and estimates dynamic market forces for the forecast period. The report offers drivers, restraints, and future trends. After evaluating governmental, financial, and technical market factors, the report provides exhaustive PEST and SWOT analysis for regions. The research is subject to alteration if the key players and probable analysis of market dynamics change. The information is an approximate estimate of the factors mentioned, taken into consideration after thorough research.