These days, it’s becoming more and more difficult to keep up with market trends and innovations for enterprises of all sizes. To support the increasing number of technologies and solve business challenges, every industry is thus witnessing an explosive rise in newer companies and startups, ranging from artificial intelligence, cybersecurity, chatbots, and VR to name a few. Startups are showing unprecedented promise and are rapidly evolving to overcome the daily struggles of being under the constant pressure to innovate and match the level of large organizations.
A recent study gives a view of this evolution of startups and the command they have at every tech domain today. Enterprise IT, for example, is a $3 trillion industry and startups form the main drive behind the evolution. In 2017, spending on enterprise software is predicted to reach $351 billion globally and is expected to hit $462 billion by 2021. In a way, the enterprise startups are mainly responsible for this future-building. Moreover, in this era of unprecedented M&A, many enterprises are essentially outsourcing their R&D to startups. Hence, more and more companies are developing business applications and enterprise software to empower their employees and clients.
Therefore, to reflect on some of the most promising enterprise startups in the APAC market and the value they bring to the industry, we bring to you "50 Most Promising Enterprise Startups - 2017". Our panel of editors, industry researchers, and executives has diligently curated this list of startups and believe that from this issue, businesses would be able to gather invaluable insights in determining their best strategic solutions partner.