Global Enterprise Architecture Tools Market (2020 to 2026) - Adding Big Data Capabilities to Enterprise Architecture Tools Presents Opportunities
DUBLIN, March 25, 2021 /PRNewswire/ -- The "Enterprise Architecture Tools Market by Component (Solutions and Services (Managed Services and Professional Services)), Deployment Type, Organization Size, Vertical (BFSI, IT, Manufacturing), and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The publisher estimates the global enterprise architecture tools market size would grow from 989 million in 2020 to USD 1,283 million by 2026, at a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period.
Key factors that are expected to drive the growth of the market are the increasing adoption of the business-driven enterprise architecture approach for strategic business transformation and an increasing need to align enterprise information technology architecture with business strategy.
The services segment is expected to grow at a higher CAGR during the forecast period
The services segment of the enterprise architecture tools market includes managed services and professional services. Services are an important part of any solution's deployment life cycle. Therefore, various vendors offer services associated with enterprise architecture tool solutions to help companies effectively implement their enterprise architecture strategies. Enterprises require active support from skilled professionals to minimize their downtime during pre- and post-installation processes of solutions. These services provide the necessary support to uphold the efficiency of business processes, increase enterprise growth, and reduce unwanted operational expenses.
BFSI industry vertical to hold the highest market share in 2020
The BFSI industry needs to change its supporting IT to cope up with the challenging transformational change. Due to the inter-dependency of operations and IT in the BFSI vertical, there is a need for a planned and guided-integrated approach. BFSI institutions are adopting enterprise architecture tools at a high rate as it is a key to enabling such change initiatives to stay ahead of the curve.
APAC to grow at the highest CAGR during the forecast period
Growing industrialization, coupled with an increase in competition, has proved to be one of the biggest drivers for the enterprise architecture tools market in this region. The region has seen an increase in the deployment of enterprise architecture tools by industries to enhance efficiency and streamline their business processes. Due to these factors, the region is projected to grow at the highest CAGR during the forecast eriod.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Enterprise Architecture Tools Market 4.2 North America: Market, by Vertical and Country 4.3 Asia-Pacific: Market, by Component and Country
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Adoption of Business-Driven Enterprise Architecture Approach for Strategic Business Transformation 5.2.1.2 Increasing Need to Align Enterprise Information Technology Architecture with Business Strategy 5.2.2 Restraints 5.2.2.1 Increasing Data Thief Activities and Data Security Concerns 5.2.3 Opportunities 5.2.3.1 Adding Big Data Capabilities to Enterprise Architecture Tools 5.2.3.2 Increasing Need to Adopt Application Rationalization Practice 5.2.4 Challenges 5.2.4.1 High Cost and Lack of Technical Expertise 5.2.4.2 Structuring the Repository with Usable Information 5.3 Industry Trends 5.3.1 Case Study Analysis 5.3.1.1 Use Case 1: Banking, Financial Services, and Insurance 5.3.1.2 Use Case 2: Healthcare 5.3.1.3 Use Case 3: Information Technology 5.4 COVID-19 Impact: Enterprise Architecture Tools Market 5.4.1 Assumptions: COVID-19 Impact on the Market 5.4.2 Drivers and Opportunities 5.4.3 Restraints and Challenges 5.5 Patent Analysis 5.6 Porter's Five Forces Analysis 5.6.1 Threat of New Entrants 5.6.2 Threat of Substitutes 5.6.3 Bargaining Power of Suppliers 5.6.4 Bargaining Power of Buyers 5.6.5 Intensity of Competitive Rivalry 5.7 Value Chain Analysis 5.8 Pricing Analysis 5.9 Technology Analysis 5.9.1 Cloud/Saas 5.9.2 Machine Learning 5.9.3 Internet of Things 5.10 Regulatory Landscape
6 Enterprise Architecture Tools Market, by Component 6.1 Introduction 6.1.1 Component: Market Drivers 6.1.2 Component: COVID-19 Impact 6.2 Solutions 6.2.1 Infrastructure Architecture 6.2.2 Application Architecture 6.2.3 Data Architecture 6.2.4 Security Architecture 6.2.5 Others 6.3 Services 6.3.1 Managed Services 6.3.2 Professional Services
7 Enterprise Architecture Tools Market, by Deployment Type 7.1 Introduction 7.1.1 Deployment Type: Market Drivers 7.1.2 Deployment: COVID-19 Impact 7.2 On-Premises 7.3 Cloud
8 Enterprise Architecture Tools Market, by Organization Size 8.1 Introduction 8.1.1 Organization Size: Market Drivers 8.1.2 Organization Size: COVID-19 Impact 8.2 Large Enterprises 8.3 Small and Medium Enterprises
9 Enterprise Architecture Tools Market, by Vertical 9.1 Introduction 9.1.1 Vertical: Market Drivers 9.1.2 Vertical: COVID-19 Impact 9.2 Information Technology 9.3 Telecommunication 9.4 Banking, Financial Services, and Insurance 9.5 Consumer Goods and Retail 9.6 Manufacturing 9.7 Healthcare and Life Sciences 9.8 Others
10 Market, by Region 10.1 Introduction 10.2 North America 10.3 Europe 10.4 Asia-Pacific 10.5 Middle East and Africa 10.6 Latin America
11 Competitive Landscape 11.1 Market Evaluation Framework 11.2 Market Ranking 11.3 Market Share Analysis 11.4 Key Market Developments 11.4.1 New Product Launches 11.4.2 Deals 11.5 Company Evaluation Matrix 11.5.1 Star 11.5.2 Emerging Leaders 11.5.3 Pervasive 11.5.4 Participants
12 Company Profiles 12.1 Introduction 12.2 Major Players 12.2.1 Software Ag 12.2.2 Avolution 12.2.3 Bizzdesign 12.2.4 Mega International 12.2.5 Boc Group 12.2.6 Orbus Software 12.2.7 Qualiware 12.2.8 Leanix 12.2.9 Erwin 12.2.10 Sparx Systems 12.2.11 Valueblue 12.2.12 Unicom Global 12.2.13 Clausmark 12.2.14 Enterprise Architecture Solutions 12.2.15 Planview 12.3 Startup/Sme Players 12.3.1 Monofor 12.3.2 Valispace 12.3.3 Fios Insight 12.3.4 Aplas 12.3.5 Ninjarmm 12.3.6 Codelogic 12.3.7 Bettercloud 12.3.8 Ardoq 12.3.9 Facility Planning Arts 12.3.10 Keboola
13 Adjacent/Related Market 13.1 Introduction 13.1.1 Related Market 13.1.2 Limitations 13.2 Cloud ITSM Market
14 Appendix 14.1 Discussion Guide 14.2 Knowledge Store: the Subscription Portal 14.3 Available Customizations 14.4 Related Reports 14.5 Author Details
For more information about this report visit https://www.researchandmarkets.com/r/7xftkx
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