Enterprise Software - Central & Western Europe

Central & Western Europe

Highlights

The Enterprise Software market in Central & Western Europe is expected to achieve a revenue of US$48.65bn by 2024.
Among the different software categories, Customer Relationship Management Software dominates the market with a projected market volume of US$14.47bn in 2024.
It is anticipated that the revenue in this market will experience a steady annual growth rate (CAGR 2024-2029) of 5.71%, resulting in a market volume of US$64.22bn by 2029.
Furthermore, the average Spend per Employee in the Enterprise Software market is projected to reach US$280.70 in 2024.
In terms of global comparison, United States is expected to generate the highest revenue with an estimated amount of US$150.50bn in 2024.
In Germany, there is a growing trend towards cloud-based enterprise software solutions to enhance business agility and scalability.

Key regions:

Definition:

The Enterprise Software market covers software applications designed to support essential business activities by large organizations such as enterprise resource planning, customer relationship management, business intelligence, and supply chain management.

Products in the Enterprise Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Structure:

The Enterprise Software market contains eight markets that are based on the functionality of the software:

Business Intelligence Software refers to software applications that support organizations to analyze, visualize, and report data.
Content Management Software refers to a wide range of software applications that support organizations to manage their digital content such as documents, images, and videos.
Customer Relationship Management Software refers to software applications that support organizations to manage their interactions with customers, clients, and prospects.
eCommerce Software refers to a wide range of software applications that support organizations to manage their online sales channels.
Enterprise Performance Management Software refers to software solutions that help organizations to manage and improve their performance across various areas, such as finance, operations, and strategy.
Enterprise Resource Planning Software refers to software applications that support organizations to manage, integrate and optimize important business activities related to resources such as people, finance, capital, materials, and orders.
Supply Chain Management Software refers to software applications that support organizations to manage their supply chain activities such as inventory optimization, supplier and vendor management, and logistic operations.
AI Development Tool Software refers to a specialized category of software designed to facilitate the creation, testing, deployment, and management of artificial intelligence (AI) models and applications.
Other Enterprise Software refers to aggregated revenues for the types of enterprise software that are not specifically mentioned in the other Enterprise Software markets, such as Project Management Software, Product Life Cycle Management Software, and Production and Operation Software.

Additional Information:

The Enterprise Software market comprises revenue and revenue growth as the key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in this market include SAP, Salesforce, Adobe, and Oracle.

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Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Enterprise Software market in Central & Western Europe has been experiencing significant growth in recent years.

Customer preferences: Customers in Central & Western Europe are increasingly looking for software solutions that can improve their business operations and increase efficiency. Cloud-based software solutions have been gaining popularity due to their flexibility, scalability, and cost-effectiveness. Additionally, customers are placing more emphasis on data security and privacy, leading to increased demand for software solutions that can ensure the protection of sensitive information.

Trends in the market: In Germany, the Enterprise Software market has been driven by the country's strong manufacturing industry. Software solutions that enable automation, machine learning, and predictive maintenance have been in high demand. In France, the market has been driven by the country's growing e-commerce industry, leading to increased demand for software solutions that can improve supply chain management and logistics. In the United Kingdom, the market has been driven by the financial services industry, with software solutions that enable risk management and compliance being in high demand.

Local special circumstances: In Central & Western Europe, there are several local factors that are impacting the Enterprise Software market. For example, the General Data Protection Regulation (GDPR) has had a significant impact on the market, with many companies seeking software solutions that can ensure compliance with the regulation. Additionally, the COVID-19 pandemic has accelerated the adoption of cloud-based software solutions, as many companies have had to quickly transition to remote work.

Underlying macroeconomic factors: The strong manufacturing industry in Germany, the growing e-commerce industry in France, and the financial services industry in the United Kingdom are all underlying macroeconomic factors that are driving the Enterprise Software market in Central & Western Europe. Additionally, the region's highly skilled workforce and supportive government policies have created a favorable environment for the growth of the Enterprise Software market.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.