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🕑 Reading Time: 21 MinutesIn 2019, spending on enterprise software is expected to reach 427 billion U.S. dollars. That same year, expenditure in the global information technology market is forecast at 3,790 billion U.S. dollars, while IT services, the second largest segment behind communications services, is set to reach 1,016 billion U.S. dollars. Enterprise software is a segment of the information technology market aimed at responding to the needs of larger organizations’ core business processes. Generally, enterprise software aims to improve productivity and efficiency, fulfilling the needs of one or more core business processes via a single piece of software architecture. Human resources, accounting, and sales are functions commonly targeted by such programs. The Enterprise application software market encompasses among other things, business intelligence, enterprise resource planning, customer relationship management, supply chain management, and project and portfolio management.