Introduction of innovative software services, technology advancement, rising number of enterprises in the world and entry of new industry players, boosts growth in this market. Increasing need for real time computing of applications is one major factor fueling the growth of enterprise software market. The global enterprise software market has reported significant growth in recent years and is expected to exceed $575 billion by 2024.
- Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening or declining
- Current gross profit margin is less than the average of the last 3 years gross profit margins, indicating customer pricing power
- Current EBITDA margin exceeds the average of the last 3 years EBITDA margin, a condition that may attract new entrants