Enterprise Architecture Tools Market expanding at a CAGR of 4.9% from 2021 to 2028
Enterprise Architecture Tools Industry Overview The global enterprise architecture tools market size was valued at USD 973.6 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2021 to 2028. The growing importance of business-driven enterprise architecture method for transitioning the business strategically and the growing need to affiliate enterprise IT environments with business strategies are driving the growth. Business-driven tools, which are adding big data capabilities, are saving time and speeding up the process of various pipeline projects. The outbreak of the COVID-19 pandemic negatively impacted the market. The reduction in IT spending across businesses and the high cost of enterprise architecture tools are the key factors hindering the market growth. Low spending on solutions and services was associated with the low spending on IT across organizations. However, the market for enterprise architecture tools is expecte...