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Enterprise Architecture Tools Market Technology Trends with Global Scenario by 2028 – MEGA International, BOC Group, Orbus Software, QualiWare, Leani
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The Global Enterprise Architecture Tools Market size is expected to reach $1.3 billion by 2026, rising at a market growth of 5.4% CAGR during the forecast period.
Enterprise architecture tools are the solutions that help a company to analyze the requirement and effects of technological modifications. These tools assist organizations to record the relationships & dependencies between partners, business processes, capabilities, data, applications, and other technologies. Sometimes, they also become a source for data integration & metadata about all the assets & properties that are important for an organization. Moreover, they help to show all the connections and associations, which help the company to take better decisions in IT and other aspects.
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“Software AG (Germany), Avolution (Australia), BiZZdesign (Netherlands), MEGA International (France), BOC Group (US), Orbus Software (UK), QualiWare (Denmark), Leanix (Germany), erwin (US), Sparx Systems (Australia), ValueBlue (Netherlands), UNICOM Global (US), Clausmark (Germany), Enterprise Architecture Solutions (UK), Planview (US), MonoFor (US)”
Enterprise Architecture Tools Market by Component (Solutions and Services (Managed Services and Professional Services)), Deployment Type, Organization Size, Vertical (BFSI, IT, Manufacturing), and Region – Global Forecast to 2026
The global Enterprise Architecture Tools Market size is expected to grow from USD 989 million in 2020 to USD 1,283 million by 2026, at a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period. Key factors that are expected to drive the growth of the market are the increasing adoption of the business-driven enterprise architecture approach for strategic business transformation and an
Solutions segment to hold a larger market size during the forecast period
Based on solutions, the Enterprise Architecture Tools Market is segmented into infrastructure architecture, application architecture, data architecture, security architecture, and others. These solutions assist in increasing collaboration and improving workflow environments to accelerate productivity. Major reasons behind the decline of enterprise architecture tool solutions across the globe are reduced profit margins and less allocation of IT budgets. These reasons lead to low investments in new subscriptions. The demand for consulting, integration, and implementation services has also decreased with low technology spending on new subscriptions. These trends are expected to decrease the demand for enterprise architecture tools solutions.