LONDON, Nov. 23, 2016 /PRNewswire/ -- "Boost in connectivity and productivity of both employees and enterprises is driving the growth of the mobile enterprise application market" MarketsandMarkets: The mobile enterprise application market size is estimated to grow from USD 48.24 billion in 2016 to USD 98.03 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 15.24% from 2016 to 2021. Increase in smartphone penetration, boost in connectivity and productivity of both employees and organizations, increasing demand for real-time information capture, and organizations' continued focus to make their business processes mobile-ready due to increase in mobile workforce are some of the driving forces in the mobile enterprise application market. Difficulties in adoption of technology by ground level workforce and complexities in interoperability & cross-platform implementation would be the restraining factors for the mobile enterprise application market. "Among the software, ERP software to have the maximum market size during the forecast period" Enterprise Resource Planning (ERP) software segment among the software is expected to hold the largest market share during the forecast period 2016 to 2021 as it helps enterprises increase their operational efficiencies, improves communication and collaboration, anytime access to information, instant access to work center, and improves workforce productivity. This growth is primarily driven by the growth in Banking, Financial and Insurance (BFSI), manufacturing & automotive, and energy & utilities industries. "BFSI vertical is expected to dominate the mobile enterprise application market during the forecast period" Mobile enterprise application services have been used across various industry verticals, including government, BFSI, manufacturing & automotive, healthcare & life sciences, education, and retail. The BFSI vertical is expected to hold the largest market share during the forecast period. Banks, insurance, and financial organizations use mobile enterprise apps to improve their employees' productivity and boost connectivity with clients and customers.