Enterprise applications are existent from the beginning of IT inception and have been solving various manual tasks in finance, human resource, and supply chain among others. However, software offerings in the form of solutions, platforms, and tools have evolved heavily with the influx of various technology tools such as AI, ML, automation, and advanced analytics.
Services have been changing with cloud deployments, reducing the scope of on-premises implementation and maintenance services. Furthermore, the software vendors are moving toward offering comprehensive software application package for its clients.
Cloud deployments are empowering software product players to offer their clients directly through SaaS subscriptions. IaaS and PaaS also leverage application development in the cloud environment for enterprises. The managed services though is expected to surge with many enterprises opting to outsource specific or entire IT operations to third-parties.
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