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. For example, Hershey’s implemented IBM analytics SaaS tool to obtain customer insights and boost sales.
THE BUSINESS RESEARCH COMPANY VALUED THE INFRASTRUCTURE SOFTWARE MARKET AT $232 BILLION IN 2017
Western Europe was the largest geographic region in the market, accounting for a little more than one-third of the global market share.
According to The Business Research Company’s Consultant, Nitin Gianchandani, there has been an increase in the adoption rate of AI technology by e-commerce, automobile and manufacturing industries. The technology is being used by the companies to measure customer satisfaction levels by detecting their activities, voice and face while purchasing at stores. Major software companies like Accenture, Capegemini and TCS are providing AI services to enhance resources and curtail operational cost. Furthermore, few big companies like Google, Facebook and Airbnb are open sourcing AI libraries to startups.
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Hewlett Packard was the largest company in the infrastructure software market in 2017, with revenues of $48.2 billion for the financial year 2016. HP’s growth strategy is to expand its footprint globally across the Americas, the Middle East and Africa and Asia Pacific countries.
Infrastructure software is a type of enterprise software or program specifically designed to help business organizations perform basic tasks such as workforce support, business transactions and internal services and processes. For example, database programs, email and other communication software and security applications.
Infrastructure Software Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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