Fueled By AI, Enterprise Software Market Grew To $341.4 Billion In 2024 And Is About To Soar
Techstrong.ai, Monday, August 18th, 2025
Artificial intelligence (AI) integration is fueling a boom in enterprise software sales that could nearly double the size of the market to about $600 billion by 2029.
A five-year forecast projects a major uptick despite global economic uncertainties and geopolitical tensions as companies expand into AI, digital transformation investments take shape, 5G technology is deployed, and deep learning frameworks flourish, according to The Futurum Group report.
'Enterprise software remains a large driver of corporate strategic goals, from enabling digital transformation and improving customer and employee experience to reimagining and restructuring both core and ancillary workflows and processes,' said Keith Kirkpatrick, research director, enterprise software and digital workflows, at The Futurum Group.
'Software vendors have focused on innovating to meet these new demands as enterprise workflows evolve, incorporating human labor, machine-augmented processes, and even fully automated task and decision-making processes,' Kirkpatrick said. (The report focused on 895 IT decision makers and influencers.)