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The enterprise applications market is witnessing a surge in tailor made industry specific solutions. These customized solutions offer integrated business processes, supply chain efficiency, and spend visibility. This trend is especially visible in North America. Medium sized and large enterprises alike are benefiting from these industries specific solutions.The enterprise applications market has also witnessed increased acceptance of software as a service (SaaS) based solutions. The growing need for sleek and cost effective solutions has been the key driver for this growth. Previous concerns about security and response time have reduced significantly.