Revenue for enterprise applications will grow from $279.6 billion in 2022 to $385.2 billion in 2026 with a five-year compound annual growth rate (CAGR) of 8.0 percent, IDC report said.
Nearly all this growth will come from investments in public cloud software, which is expected to represent nearly two thirds of all enterprise applications revenue in 2026.
“Organizations must invest in new tools to keep their application portfolio up to date as they move into the digital era, automating all processes while leveraging innovation and a wealth of data to become a more creative and resilient company in the digital realm,” said Heather Hershey, research director, Worldwide Digital Commerce at IDC.
