Enterprise Architecture Tools Market

Enterprise Architecture Tools Market is anticipated to grow at a CAGR of 4.1% during forecast period and estimated to reach USD 1390 million by 2028.

Enterprise Architecture Tools Market Overview

Enterprise architecture tools are comprehensive approach forums for enterprises for planning, modeling, design, analysis, and application of effective business and IT architecture for enhanced results. Companies use it in the application development lifecycle by designing and modeling the architectures of the systems, further implemented for the business process. It helps to understand the strategic architecture, evaluates opportunities and business risks, analyze the options and roadmaps to goals.

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Major Enterprise Architecture Tools Market Drivers

Increasing adoption of enterprise architecture tools among enterprises to implement effective business strategies in different business operations and processes stands to be a major factor fueling the enterprise architecture tools market. The emerging need to affiliate enterprise information technology architecture with business strategy will further expand the market growth. Enterprise architecture offers several advantages which include a complete, top-down approach for the system, with more agility, which augments the adoption of EA tools, thereby driving the market growth.

Rapid expansion of IT industry, growing demand for enterprise architecture tools by banking sector and small and medium organizations are forecast to boost the market growth. Moreover, the incorporation of big data with the EA tools will offer enormous opportunities for the market. In addition, the growing use of cloud-based solutions and the need for data management, application management, organizational impact & business processes are other factors proliferating the market share. However, rising concerns pertaining data security, increase in data thefts, insufficient technical expertise and unskilled workforce might impede the enterprise architecture tools market size. For example, in the Equifax data breach in 2017, personal details of approximately 143 million customers were leaked, along with the credit card data of 209,000 customers.

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Component – Segment Analysis

Based on the Component, the Solutions segment is expected to grow at a higher CAGR during the forecast period. The solution allows the creation of a systematic reporting functionality model, which helps in enhancing the alignment of the entities on it, resulting in complexity reduction, standardization, vendor independence, and cost reduction. Application architecture solution enable organizations to evaluate the mapping and collation of a firm’s software applications as part of its overall enterprise architecture. It also helps to ensure that applications are scalable and reliable and assists enterprises in identifying gaps in functionality.

Vertical – Segment Analysis

Based on the Vertical, the Telecommunications Industry is expected to grow at a higher CAGR during the forecast period. Telecommunications companies are investing in new technologies, like smart computing products, IoT, cloud computing, mobility, and analytics, to gain efficiency and innovation, and attract customers. The introduction of 5G network connectivity in the near future is expected to further pressure players in handling their businesses effectively. Over the few years, leading telecommunication companies have been adopting a new plan of action for effective management of their IT architecture to gain maximum value and have appropriate maintenance of their architecture through integrations, to enhance their business activities.

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Regional – Segment Analysis:

Based on the region, the North America region is expected to grow at a higher CAGR during the forecast period. The region is at a growth stage as several players providing enterprise architecture services. Moreover, firms shifting toward the adoption of disruptive technologies and digital business approaches are the major factors for the rising demand for enterprise architecture tools offerings in North America. Enterprises’ increasing budget allocations for cloud services are expected to drive the market in North America.

Top Market Players  

Various notable players operating in the market include Software AG, The Avolution, BiZZdesign BV, MEGA International, BOC Products & Services AG, Orbus Software, QualiWare., LeanIX, erwin, Inc., Sparx Systems Pty Ltd., among others. 

Key Developments:

• • In 2021, erwin acquired Quest Software, with an intent to expand the capabilities to Quest Software. This acquisition helped with the development of favourable t data initiatives and the deployment of modern applications while ensuring regulatory compliance.
  • In 2020, BOC Group entered into a partnership with ATD Solution, an APAC-based digital enterprise architecture consulting firm. The major emphasis of this partnership was to expand BOC Group’s presence in the APAC and offer better enterprise architecture solutions in the region.
  • In 2020, Avolution incorporated Multi-Factor Authentication (MFA) feature in its ABACUS solution. The integration helped ABACUS, the cloud account to enroll an authentication application on a smartphone or via QR code presented during login.
  • In 2021, erwin, Inc. acquired Quest Software; the vision of this acquisition is to add new capabilities to Quest Software, which may help drive significant data initiatives and the deployment of modern applications while ensuring regulatory compliance.
  • In 2020, BOC Products & Services AG formed a partnership with ATD Solution, an APAC-based digital enterprise architecture consulting firm. The main focus of the partnership is to expand BOC Group’s presence in the APAC and offer better enterprise architecture solutions in the region.
  • In 2020, The Avolution added Multi-Factor Authentication (MFA) feature in its ABACUS solution. After MFA is enabled on ABACUS, the cloud account, a user can register an authentication application on a smartphone or by using the QR code presented during login.

Segments covered in the Report:

The global Enterprise Architecture Tools market has been segmented on the basis of Component, Deployment Type, Organization Size, Vertical and regions. Based on Component, the market is segmented Solutions and Services. The Soutions segment is further categorized into Infrastructure Architecture, Application Architecture, Data Architecture, Security Architecture and Other. The Services segment is further categorized into Managed services and Professional services. Based on Deployment Type, the market is segmented into On-premises and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small and Medium Enterprises (SMEs). Based on Vertical the market is segmented into BFSI, Consumer Goods and Retail, Telecommunication, IT, Manufacturing, Healthcare and Life Sciences and Other. 

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Market Segmentation

Global Enterprise Architecture Tools Market by Component

• • Solutions
    • Infrastructure Architecture
    • Application Architecture
    • Data Architecture
    • Security Architecture
    • Other
  • Services
    • Managed services
    • Professional services

Global Enterprise Architecture Tools Market by Deployment Type

• • On-premises
  • Cloud

Global Enterprise Architecture Tools Market by Organization Size

• • Large Enterprises
  • Small and Medium Enterprises (SMEs)

Global Enterprise Architecture Tools Market by Vertical

• • BFSI
  • Consumer Goods and Retail
  • Telecommunication
  • IT
  • Manufacturing
  • Healthcare and Life Sciences
  • Other

Global Enterprise Architecture Tools Market by Region

• • North America Enterprise Architecture Tools Market (Option 1: As a part of the free 25% customization)

    • By Component
    • By Deployment Type
    • By Organization Size
    • By Vertical
    • US Market All-Up
    • Canada Market All-Up

  • Europe Enterprise Architecture Tools Market (Option 2: As a part of the free 25% customization)

    • By Component
    • By Deployment Type
    • By Organization Size
    • By Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Enterprise Architecture Tools Market (Option 3: As a part of the free 25% customization)

    • By Component
    • By Deployment Type
    • By Organization Size
    • By Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Enterprise Architecture Tools Market (Option 4: As a part of the free 25% customization)

    • By Component
    • By Deployment Type
    • By Organization Size
    • By Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Enterprise Architecture Tools (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Software AG
  • The Avolution
  • BiZZdesign BV
  • MEGA International
  • BOC Products & Services AG
  • Orbus Software
  • QualiWare
  • LeanIX
  • erwin, Inc.
  • Sparx Systems Pty Ltd.