Enterprise IT industry is seeing a dramatic shift in the medium term. Cloud computing, internet of things, big data analytics, are all contributing to the big change within enterprise IT sector. Artificial intelligence, machine learning, cybersecurity, and hyper-converged infrastructure are the factors driving enterprise IT across the globe until 2023. At this stage Enterprise IT is looking forward to a positive growth at CAGR of 17% during the forecast period 2016-2023. North America and Europe continue to be the prime investment destination for enterprise IT market in terms of revenue, research and technology. Smart cities, Industry 4.0, cyber security, cognitive systems are set to drive enterprise IT markets in North America and Europe. Aviation, construction & contracting, manufacturing services and oil & gas are key sectors investing in enterprise IT technologies in North America and Europe. Asia Pacific is looked over as the fastest growing market for enterprise IT in terms of volume and revenue.
Expanding cloud computing market, internet of things, cheap technologies would drive enterprise IT market across the Asia Pacific for the forecast period. China, India, Japan, Indonesia, Singapore, Australia, and South Korea lucrative investment destination for enterprise IT market in the Asia Pacific. Governments across the Asia Pacific are looking forward to implementing internet of things solutions within five years. More than 62% of the APAC companies are looking forward to investing in the internet of things within next 24 months as a part of its strategic investment plan and enhancing organizations security. Enterprise IT organizations are looking forward to overhauling existing infrastructure, by investing in new technologies and services.
At OBRC, our reports on enterprise IT are focused on services provided via mobile & cloud and sectors like data analytics & security. Segments within the enterprise IT market are determined by consulting industry experts within niche markets. The market estimation covers, company revenues, product volume, future possible investments, and technology assessment. Through primary research, analysts verify market values. The report showcases the investment and adoption scale of technology and top products, within enterprise IT market. Our report detailed company profile for the top fifteen players within every niche enterprise IT markets. Company profile showcases a SWOT analysis, along with their strategic initiatives, relevant product portfolio, and innovation.
Enterprise IT is looked over as the backbone of any given operations. The services via enterprise IT helps to keep various industrial processes (production, security etc.) running smoothly. Moreover, the introduction of disruptive technologies like machine learning augmented reality, virtual assistant, internet of things, and block-chain would force enterprises across all sectors to invest in creating required infrastructure for technology adoption. Market leaders within enterprise IT are keeping a tab on opportunities arising from cloud & mobile system optimization and cybersecurity. Our reports provide, strategic analysis, through models like 360-degree analysis, porters five force and invest versus adoption model which helps investors and market players to rectify their investment decision within a given niche enterprise IT markets.
North America, Asia Pacific, Europe, and Rest of the World are amongst the key regions covered under the enterprise IT market. Within each region, our reports cover leading countries for niche enterprise IT market. For each country, we provide industrial application scenario of relevant technology and products. The report provides a snapshot for overall niche enterprise IT market citing, case studies, government regulations, top players, consumer demand, and investment opportunities.
Recent reports on enterprise IT markets are global supply chain analytics market, global complex event processing market, global digital logistics market, global enterprise mobility management market, global enterprise content management market and so on. Analysts at OBRC are constantly updating and researching new niche markets within the enterprise IT market. Some of the current reports on which analysts working on our global digital asset management market, global chatbot market, global M-commerce market, global cloud billing market, and global product information management market and so on.