Enterprise Software - CIS

The Enterprise Software market in the CIS region is predicted to achieve a revenue of US$2,598.00m by 2024.
Among the various software segments, Customer Relationship Management Software is expected to have the largest market share, with a projected volume of US$794.40m in 2024.
The market is anticipated to grow at an annual growth rate of 5.48% (CAGR 2024-2029), resulting in a market volume of US$3,393.00m by 2029.
In terms of average spending per employee, the Enterprise Software market is estimated to reach US$22.43 in 2024.
The United States is expected to generate the highest revenue globally, with US$150.50bn in 2024.
In the CIS region, there is a growing trend of companies adopting enterprise software solutions to streamline their business processes and improve efficiency.

Key regions: France, United Kingdom, Australia, Canada, South Korea

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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Analyst Opinion

The Enterprise Software market in CIS has been experiencing a steady growth in recent years, driven largely by the increasing demand for cloud-based solutions and digital transformation initiatives across various industries.

Customer preferences: Customers in CIS are increasingly looking for enterprise software solutions that can help them automate their business processes, improve productivity, and reduce costs. Cloud-based solutions are becoming increasingly popular due to their flexibility, scalability, and cost-effectiveness. Additionally, there is a growing demand for solutions that can help businesses manage and analyze their data more effectively, as well as solutions that can improve customer engagement and experience.

Trends in the market: One of the key trends in the Enterprise Software market in CIS is the increasing adoption of cloud-based solutions. This trend is being driven by the need for more flexible and agile solutions that can be easily scaled up or down based on changing business needs. Another trend is the growing demand for solutions that can help businesses manage and analyze their data more effectively. This trend is being driven by the increasing importance of data-driven decision-making and the need for businesses to gain deeper insights into their operations and customers. Finally, there is a growing trend towards solutions that can help businesses improve customer engagement and experience. This trend is being driven by the increasing importance of customer-centricity and the need for businesses to differentiate themselves in an increasingly competitive market.

Local special circumstances: One of the unique aspects of the Enterprise Software market in CIS is the diversity of the region. The region spans across multiple countries, each with its own unique business culture, language, and regulatory environment. This diversity presents both challenges and opportunities for enterprise software vendors. On the one hand, it requires vendors to develop solutions that can cater to the specific needs and preferences of each country. On the other hand, it also presents an opportunity for vendors to expand their reach and tap into new markets.

Underlying macroeconomic factors: The Enterprise Software market in CIS is being driven by a number of underlying macroeconomic factors. These include the increasing adoption of digital technologies across various industries, the growing importance of data-driven decision-making, and the need for businesses to improve their operational efficiency and productivity. Additionally, the region is experiencing a growing demand for enterprise software solutions due to the increasing competition in the market and the need for businesses to differentiate themselves. Finally, the region is also experiencing a growing demand for cloud-based solutions due to their flexibility, scalability, and cost-effectiveness.

Methodology

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.