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Spending on Enterprise Application Software in Turkey Poised to Pass $400 Million by 2022

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Spending on Enterprise Application Software in Turkey Poised to Pass $400 Million by 2022.

The turkey’s national economic despite facing hard economic instability. The nations enterprise application software market was able to achieve a growth rate of about 3:7% on year to year from 2017 to reach upto a value of $315.85 million. This come as a result insight by the International Data Corporation (IDC). Turkey
Enterprise Application Software
Market 2018–2022 Forecast and
2017 Vendor Shares’ (IDC #CEMA 43452918), this has proved that the nation EAS market will grow annualy at the rate of 5.1 % over the next years to amount to a value of $405
million in 2022.

Going further, cloud based investment grew at a fast rate of 8.7% in the same period at a value of $16.41 million. At the same vein, turkish enterprise resource management software got a total of $172.16 million in licensing and maintance in 2017 which accounts to over 54% of the total share of the overall EAS market. Despite facing challenges on international and local, the nations EAS actually lost its momentum.

The IDC expected to see improvement in the turkish EAS spending in 2018 upto 2019. The nations business space has become competitive and companies, organizations are looking for strategies their level of efficiency. In vendor landscape, two companies SAP and LOGO currently dominate the nations Enterprise Application Software EAS. Their are also share from big conpanies like Microsoft who dome in third position by a total of 8.2% share.

They were followed by the retail sector, which spent $50.11 million to account for 15.9% of the market.
Photo Credit: Google)

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