20 Most Promising Enterprise Software Companies 2016

As more companies upgrade core functionality, the Global spending on enterprise application software is expected to grow 7.5% this year to $149.9 billion, according to Gartner Inc. The report forecasts total spending on enterprise application software to reach $201 billion by 2019. So as the prospect of the software industry will be ascertained by their capability to manage technology disruptions like cloud computing, mobility, social media and their ability to leverage the new normal created by these disruptive forces; enterprise software companies are expected to face multidimensional challenges in the marketplace, like pressure to control costs while retaining market leadership. Besides, latest technology movements in areas such as augmented reality or drones promise an exciting future for software businesses who primarily serve other businesses.

Moreover, as the emerging trends in areas such as 3D printing or augmented reality are likely to offer unique opportunities to re-imagine enterprise software in the decade to come; the other factors like growing pressure on firms to compete on a global scale are driving enterprise application software sales. But the enterprise architecture life cycle is satirical and therefore when the vendor realizes maximum adoption; their architecture is perhaps getting timeworn and may need to be refreshed. It can take years for internal product teams to build applications on a new architecture and for customers to buy and use these products. Therefore, vendors are reasonably unenthusiastic to rewrite their architectural foundation unless necessary for technical or business reasons. This drives the companies to organize a software hunt and adopt enterprise software with the capability to suffice all their needs.

Having interacted with several business leaders and market analysts from Enterprise Software background, we at CIOReview have realized the need to identify the best and most promising Enterprise Software Companies who have vast knowledge and deep expertise in the solutions and services demanded by Enterprise Software users. We present to you the list of ‘20 Most Promising Enterprise Software Companies’ that intends to help you choose the apt solution provider for your unique business needs. A distinguished panel comprising CEOs, CIOs, CXO, analysts and CIOReview editorial board audit various Enterprise Software Companies before presenting the Top 20 List.

We present to you CIOTechOutlook 20 Most Promising Enterprise Software Companies 2016.