In 2026, global IT spending on enterprise software was forecast to reach around trillion U.S. dollars, a growth of percent from the previous year. Like nearly all sub-segments of the IT services industry, the enterprise software market has experienced high levels of growth lately, nearly tripling in revenue between 2020 and 2026.
Enterprise software
The enterprise software market is the fastest growing segment in the overarching IT industry. Enterprise software aims at responding to the needs of organizations, often specifically addressing the efficiency of their core business processes. Many enterprise software sub-segments, such as business process management (BPM) software, enterprise resource planning (ERP) software, and customer relationship management (CRM) software, have grown into massive markets in their own right. CRM software focuses on analyzing and improving business interactions with both current and future customers and is expected to bring in over billion dollars in sales in 2026. ERP software focuses more closely on corporate data collection and interpretation and is forecast to account for another billion U.S. dollars in overall revenue.