Accelerate Business Growth with Superlative Enterprise Application Development

Editor's Note: Radixweb knows that developing an avant-garde enterprise app can sometimes be confusing. For years, our enterprise application development services have been helping businesses create stellar systems, and now we would like to put together some insights on this horizon to help you grow as well. Read on!

When Audi decided to capitalize on the growing digital mindset of its target audience, they went on to create a digital platform to empower its sales team to go beyond traditional methods and embrace modern technology. The company successfully built an application called ‘Sales Assist’ – the industry’s first-ever product of its kind.

Integrated with Audi's CRM tools and packed with 3D visualization, it helped the company achieve a whopping 42% increase in user engagement and a 15% increase in sales.

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Audi got it right! But it makes you wonder if building an enterprise app will hit the right chords for your business? Moreover, the software development industry is growing at such an unprecedented pace that what was simply application development a decade ago has now branched off into countless application types.

As a stakeholder, unraveling these different applications and their styles, choosing a perfect development partner, and adopting the right solution for your organization can be no less than a nightmare.

Fret not! In this logbook, we would like to share some actionable insights on enterprise application development and how you can excel in this field so that you can bring unparallel value to both your business and users.

What is Enterprise Application Development? A Quick Rundown

Enterprise application development is the process of creating bespoke, tailor-made software to streamline business operations. The users of an enterprise app are usually the employees of a company, and its primary goal is to drive efficiency and improve the internal as well as external infrastructure.

An enterprise application is an essential component of any IT system that aims to solve issues in business processes in enterprises, small to medium businesses, or government establishments.

For example, organizations need a lot of resources to complete various operating processes like payment management, market research, customer care, etc. And putting manual labor into each of these complex tasks will be very time-consuming and inadequate. Hence, business applications enable stakeholders to manage and keep a close eye on their jobs easily and more accurately.

In simple words, you get to control multiple aspects of your business, from implementing security measures and preventing unwanted access to modernizing legacy systems and restricting background processes.

Brief Overview of the Enterprise Application Market

With the rise of web and mobile app development technologies, business leaders are increasingly trying to step into this arcade and leverage the benefits of a fine-grained and truly dynamic enterprise application to mitigate a wide array of challenges.

According to research, the global enterprise application market will presumably generate a revenue of $527.40 billion by 2030 at a CAGR of 8.2% from 2020 to 2030.

Here's the graphical image of the enterprise app market by component (service and solution):

And this is how the market looks in terms of on-premise and cloud deployment:

Moreover, HubSpot has reported that 83% of organizations have experienced overall productivity growth due to integrating their business with applications, and 73% are planning to invest in enterprise mobility solutions in the near future.

Modern enterprise applications will not only empower your company to digitalize and automate business processes but also provide your teams with the freedom and space to be creative and innovative. This leads to a strengthened brand image that promises enhanced connectivity between customers, stakeholders, and shareholders.

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Popular Types of Enterprise Applications You Should Know

As you can imagine, organizations have to carry out a diverse range of tasks - of all categories and domains. Enterprise apps have the potential to optimize each of those fields. So, we are going to break down these apps into several categories – first on the basis of users and then on functionality. Let's get started!

Types of Enterprise Apps Based on Users

Types of Enterprise Apps Based on Functionality

Emerging Trends of Enterprise Application Development for 2024 and Beyond

The massive advancement of modern-day technology has brought about a sway of changes in how we perceive enterprise ownership and business augmentation. Without a doubt, this change has the potential to pave the path for a better future by accelerating business procedures, increasing transparency, and introducing maximum flexibility.

So, let’s walk through the groundbreaking trends that shape the present as well as the future of enterprise application development.

1. Machine Learning and Artificial Intelligence

According to IDC, 90% of new enterprise applications will embed AI and ML by 2025, and the reasons are not surprising. These advanced technologies are the key to driving more conversions and seizing growth opportunities. Because ML and AI solutions are agile, they can make your venture more powerful with enhanced business offerings.

2. Automation

Automation is the core of business applications as it streamlines the entire organizational process from a unified platform. An efficient enterprise app automates and governs repetitive tasks, saves end users' steps, and completes workflows with ensured proficiency and success.

3. IoT and Industry 4.0

Industry 4.0 or industrial IoT can accelerate hyperautomation through an interconnected network of physical objects that exchange and link data with multiple devices. If you integrate IoT solutions to your enterprise application, it will help you monitor your business operations in a secure, well-structured environment, gather practical insights, and streamline the whole infrastructure in the long run.

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4. Application Security by Blockchain

Blockchain technology is synonymous with security for organizations drowning in a sea of unsecured data. It’s a cost-effective method to create trust between multiple parties, speed up transactions, and reduce unwanted financial costs. Accordingly, the global blockchain market is likely to accumulate a revenue of $20 billion by 2024.

5. Big Data

We are already aware of the critical importance of big data and how it has been revolutionizing the lives of consumers by offering a customized business experience. This technology has been fully supporting enterprises with reliable and faster business interactions. Hence, if you want to deliver exceptional customer support and offer quicker assistance at a lower expense, big data is the way to go.

6. Low Code/No Code Development

Low code and no code platforms allow professional as well as citizen developers to create robust enterprise apps in no time. Such solutions are the most transformative force in defining standard functionalities, turning them into ready-to-use code codebases, and broadening the integration ecosystem of businesses.

7. Microservices

Microservices are essentially the corporate framework plugins your employees can customize according to their business requirements and have better control over the system. Additionally, they can keep everyone updated, manage expenditures, schedule meetings, access reports, and so on. Each microservice or module executes a specified process and communicates with the others to fulfill a business objective. These trends are more and more impacting the expectations of modern users. Leverage using top-rated tech stacks like Node.js for enterprise applications to make the most of these groundbreaking trends.

Partnering with an Enterprise Application Development Agency

Selecting an enterprise app development firm that will help you accomplish your organizational goals and delight your users is no easy task. Go for an incompetent one, and you will end up with a substandard app sitting unused in app stores.

But we are here to give you a few tips and tricks to weigh up your choices.

First of all, let’s understand what you should avoid.

If an agency is willing to create the app without talking to you about your strategy first, that’s a red flag. We know the significance of enterprise mobility in backing up your desired goals. However, there is such a huge number of development firms that choosing the wrong one might demotivate your employees and break your project on the whole.

Don't make that mistake! Instead, take these 5 ways into account to compare your options:

• Are they able to effectively address your current business challenges?
• What enterprise software development trends do they follow?
• What is their approach to the app development procedure?
• How is their pricing structure?
• What's their take on innovation and remodeling?

Make sure you ask these questions beforehand to opt for the right development team. After all, enterprise application development is not a one-time initiative. As time passes by, you are likely to identify possible bottlenecks and incorporate brand new features for users, and thus, having a long-lasting relationship with the agency is highly important.

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How Radixweb’s Expertise Fits into This PictureWhat makes business apps have a lasting impact on the respective organization is not the beautifully designed UI or over-the-top features; it is a life-long commitment to the idea that lives up to your brand image.Therefore, our approach to every product and every client transits through the same lens – creating a perfect balance between building the desired software and showcasing the strategic value so that your vision can evolve with changing business and customer needs.The Radixweb team has more than two decades of experience in developing state-of-the-art enterprise apps for global organizations that have stood the test of time and yielded unparallel outcomes. Let’s join hands and climb the growth ladder together!