The global Enterprise Application Market is anticipated to reach USD 259.51 billion by the end 2022, according to a new report released by Million Insights. The market is anticipated to grow at a CAGR of 7.8% during the forecast period, 2015 to 2022. This growth is attributed to rising demand for customer-centric business models and growing need for data access from single point of control. CRM and ERP are the product segment that held the largest market share in 2014 owing to growing need for real-time and accurate flow of information and useful insights. Moreover, CMS is projected to attain significant growth over the forecast period owing to rising demand for content management for various websites and blogs.