Press Release
Press Release
Businesses are increasingly adopting cloud-based software owing to its benefits of security, cost-effectiveness, and scalability. Software and services enhance the efficiency of businesses, which contributes to the business software and services market demand. For instance, the use of cloud-based finance software can help organisations automate several financial processes, including billing, expense tracking, and payment processing.
For businesses, software ats as a repository for documents, facilitating communication, and ensuring the safe and secure management of client information. The adoption of software can also help companies overcome the shortages of skilled workforce and reduce manual errors. Software widely adopted by businesses globally includes human resources software. Large enterprises use this software to perform functions such as hiring new employees and conducting performance evaluations. Business software and services have become the core element for every organisation. The products serve as the essential force behind maintaining agility, efficiency, service quality, and reducing complications.
In June 2023, Oracle Corporation (NYSE: ORCL) announced its plan to integrate generative artificial intelligence (AI) features into its human resources software for businesses. The integration is aimed at assisting businesses with various tasks, such as drafting job descriptions and employee performance goals.
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The major players in the business software and services market are Acumatica, Inc., Microsoft Corporation, Epicor Software Corporation, Oracle Corporation [NYSE: ORCL], Deltek, Inc., NetSuite Inc., SYSPRO, International Business Machines Corporation, and Totvs SA, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Software |
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Breakup by Services |
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Breakup by Deployment |
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Breakup by Size |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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