Enterprise Architecture Management Software Market Report 2024

This Enterprise Architecture Management Software market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The enterprise architecture management software market size has grown strongly in recent years. It will grow from $1.18 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The expansion observed in the historic period can be ascribed to several factors, the increasing complexity of IT environments, the need for improved alignment between business and IT, the drive to optimize IT expenditures, the necessity to manage risks and maintain compliance, the rising adoption of cloud computing, the demand for enhanced communication and collaboration between business and IT, and the need for more effective portfolio management and decision-making.

The enterprise architecture management software market size is expected to see strong growth in the next few years. It will grow to $1.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth during the forecast period is due to the heightened emphasis on digital transformation and business agility, the growing adoption of agile and DevOps practices, the introduction of new technologies such as IoT and AI, the demand for real-time data and dashboards, the need for better visualization and modeling tools, the requirement for mobile and cloud-based solutions, and the increasing application of automation in EA processes. Key trends expected in the forecast period include the rise of cloud-based solutions, the integration of AI and machine learning, the growth of low-code development platforms, and ongoing technological advancements.

The growing adoption of cloud-based solutions is anticipated to boost the growth of the enterprise architecture management (EAM) software market. Cloud-based solutions involve delivering computing services over the internet rather than through local servers or personal computers. This shift is driven by benefits such as cost savings, scalability, flexibility, and remote accessibility. Enterprise architecture management software is crucial in cloud-based environments for optimizing the design, deployment, and management of cloud infrastructures, ensuring they align with business goals. For example, Eurostat reported in December 2023 that 45.2% of enterprises in the European Union had acquired cloud computing services for purposes such as hosting email systems, storing electronic files, and various other tasks. This represents a 4% increase from 2021. Large enterprises showed a notable adoption rate, with 77.6% having procured these services in 2023, a 6% rise from 2021. Consequently, the growing adoption of cloud-based solutions is fueling the expansion of the EAM software market.

Leading companies in the enterprise architecture management (EAM) software market are focusing on developing artificial intelligence (AI)-driven solutions to enhance their analytical capabilities. AI-driven enterprise architecture management solutions leverage artificial intelligence to streamline and improve the management of an organization’s IT architecture, facilitating better alignment with business objectives. For instance, in October 2023, Mega International, a France-based software company, introduced HOPEX Aquila, an updated AI-powered enterprise architecture management platform. This platform features automated IT rationalization, cloud migration recommendations, a user-friendly report builder for data-driven decision-making, and an enhanced user interface. It also includes HOPEX AI Assistant, an AI-driven application portfolio management system with capabilities for automatic software discovery, intelligent application detection, and automated diagram generation.

In November 2023, SAP SE, a Germany-based software company, acquired LeanIX GmbH for an undisclosed amount. This acquisition aims to bolster SAP's enterprise architecture capabilities and enhance its position in the cloud and digital transformation markets. LeanIX GmbH is a Germany-based software company specializing in enterprise architecture management and cloud governance solutions.

Major companies operating in the enterprise architecture management software market are International Business Machines Corporation, Hewlett Packard Enterprise Company, OpenText Corporation, Software AG, TIBCO Software Inc., Planview Inc., IDERA Inc., Amyx Inc., MEGA International, Cameo Global, Future Tech Systems Inc., UMT360 Inc., Orbus Software Ltd., Bizzdesign BV, erwin Inc, ValueBlue B.V., MID GmbH, Atoll Technologies Plc., Avolution Pty Ltd, QualiWare ApS, Sparx Systems Pty Ltd., Versio.io Inc., Ardoq AS.

North America was the largest region in the enterprise architecture management software market in 2023. The regions covered in the enterprise architecture management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the enterprise architecture management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Enterprise architecture management (EAM) software encompasses a range of tools designed to assist organizations in managing and aligning their IT infrastructure, business processes, and technology strategies with their overarching business goals. EAM software supports the planning, modeling, and analysis of an enterprise’s architecture, offering a structured framework to aid in decision-making and strategic alignment.

There are two main types of EAM software cloud-based and on-premises. Cloud-based EAM software is hosted on remote servers and accessed via the internet, enabling users to connect from any location with internet access. This type offers benefits such as scalability, ease of updates, and remote collaboration. It serves various applications across different sectors, including small and medium-sized enterprises (SMEs) and large enterprises in areas such as banking, financial services, insurance (BFSI), consumer goods and retail, telecommunications, IT, manufacturing, healthcare and life sciences, among others.

The enterprise architecture management software market research report is one of a series of new reports that provides enterprise architecture management software market statistics, including enterprise architecture management software industry global market size, regional shares, competitors with a enterprise architecture management software market share, detailed enterprise architecture management software market segments, market trends and opportunities, and any further data you may need to thrive in the enterprise architecture management software industry. This enterprise architecture management software market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The enterprise architecture management software market includes revenues earned by entities by providing services such as customization and development, maintenance, and upgrades. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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