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Enterprise architecture (EA) tools support enterprise architects and IT stakeholders with strategic planning, analysis, design, and execution
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Global Enterprise Architecture Tools Market
The GMI Research forecasts that the Enterprise Architecture Tools Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing adoption of the business-driven enterprise architecture approach for strategic business transformation and the high need to align enterprise information technology architecture with business strategy.
Introduction of the Enterprise Architecture Tools Market
Enterprise architecture (EA) tools support enterprise architects and IT stakeholders with strategic planning, analysis, design, and execution. EA tools support tactical decision-making by connecting context and information across business, information, solution, and technology domains.
Key Players of the Global Enterprise Architecture Tools Market:
• Software AG
• BiZZdesign BV
• BOC Products & Services AG
• Orbus Software
• erwin, Inc.
• MEGA International
• Sparx Systems Pty Ltd.
• The Avolution
Enterprise Architecture Tools Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Growth in the global Enterprise Architecture Tools market is primarily driven by the augmenting need to affiliate enterprise information technology architecture with business strategies for transformation. The approach helps to address entirely different actions that are important for a firm. The application of the tool helps to save time and operate on pipeline projects more quickly. Moreover, enterprises are increasingly emphasising that business needs to merge these requirements with the IT department and effectively manage the application portfolio for its progress. Hence, the increasing need for a business-driven enterprise architecture method for strategic business transformation will help the global enterprise architecture tools market. It helps to improve long-term decision-making and suggests the best deployment option out of different options available.
Furthermore, the widespread outbreak of the coronavirus influenced the market negatively owing to the decrease in IT spending across organizations, which resulted in less expenditure on new software and solutions. Moreover, the excessive expenses concerned with the enterprise architecture tools further reduced the market demand. Also, the expansion in data theft activities and data security concerns are hindering the Enterprise Architecture Tools market share. For example, the personal details of 143 million customers in 2017 were leaked with the credit card data of 209,000 customers in the Equifax data breach. Moreover, the inadequacy of a trained workforce to execute the features and applications of the tools for business planning and implantation of strategies may curb the market growth.
Component Segment Drivers
Based on the Component, Solutions will expand at a faster rate in the near future because it enables the creation of a systematic reporting functionality model, which assists in improving the alignment of the entities on it resulting in a reduction of complications, standardization, vendor independence, and cost-cutting. In addition, application architecture solutions allow enterprises to evaluate the mapping and collation of a firm's software applications as part of its complete architecture. It also ensures that applications are scalable and reliable and aids in identifying gaps in functionality.
Vertical Segment Drivers
Based on the Vertical, Telecommunications Industry is projected to witness a faster CAGR over the forecast period. The companies are investing in technologies, including smart computing products, IoT, cloud computing, mobility, and analytics, to attain efficiency and innovation, and attract customers. The launch of 5G network connectivity will further pressure players to handle their business effectively. The major telecommunication companies adopt a novel action plan for efficient management of their IT architecture to acquire maximum value and have appropriate maintenance of their architecture through mergers to improve their business activities.
Based on the regional coverage, North America is contemplated to expand at a higher rate. This is because the region is at a growth stage as various players proffer enterprise architecture services. Moreover, firms are switching toward the acquisition of disturbed technologies, and digital business approaches proliferate market demand. Enterprises' are increasing budget allocations for cloud services are driving the market growth.
Enterprise Architecture Tools Market Segmentation:
Segmentation by Component
o Infrastructure Architecture
o Application Architecture
o Data Architecture
o Security Architecture
o Managed services
o Professional services
Segmentation by Deployment Type
Segmentation by Organization Size
• Large Enterprises
• Small and Medium Enterprises (SMEs)
Segmentation by Vertical
• Consumer Goods and Retail
• Healthcare and Life Sciences
Segmentation by Region:
• North America
o United States of America
• Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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