Skip to main content
  1. Market Insights
  2. Technology
  3. Software
  4. Enterprise Software

Enterprise Resource Planning Software - Albania

Albania
  • The Enterprise Resource Planning Software market in Albania is expected to reach a projected revenue of US$3.94m in 2024.
  • This market segment is also projected to show an annual growth rate (CAGR 2024-2029) of 5.28%, resulting in a market volume of US$5.10m by 2029.
  • Additionally, the average Spend per Employee in the Enterprise Resource Planning Software market is projected to reach US$2.85 in 2024.
  • In global comparison, United States is expected to generate the most revenue in this market, with an estimated revenue of US$26.70bn in 2024.
  • Albania's growing demand for Enterprise Resource Planning software is driven by the need for efficient business management and streamlined operations.

Definition:

The Enterprise Resource Planning (ERP) Software market covers software applications that support organizations in managing, integrating, and optimizing important business activities related to resources such as people, finance, capital, materials, and orders. These software applications help organizations to streamline their internal business processes, increase efficiency, and make more informed decisions.

Products in the Enterprise Resource Planning 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.

Additional Information:

The Enterprise Resource Planning Software market comprises revenue and revenue growth as the key performance indicators. Only the 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 the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).

Key players in this market include SAP, Intuit Inc., Oracle, Infor, and Sage.

For more information on the displayed data, use the info button right next to the boxes.

In-Scope

  • Financial applications, such as QuickBooks, Oracle NetSuite, and Xero
  • Asset management applications, such as Asset Panda, ManageEngine AssetExplorer, and GoCodes
  • Procurement software, such as SAP Ariba, Kissflow, and Procurify
  • Resource planning, such as Smartsheet, Float, and Hub Planner

Out-Of-Scope

  • SCM Software, such as Anvyl, Tada, and Magaya Supply Chain
  • BI software, such as Microsoft Power BI, SAS Business Intelligence, and MicroStrategy
  • CRM software, such as Salesforce Sales Cloud, Monday sales CRM, and HubSpot CRM
Software: market data & analysis  - Cover

Market Insights report

Software: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Jul 2024

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Enterprise Resource Planning Software market in Albania has shown significant growth in recent years.

    Customer preferences:
    Albanian businesses are increasingly adopting ERP software to improve their operational efficiency and streamline their business processes. The software's ability to integrate various business functions, from finance to inventory management, has made it a popular choice among businesses of all sizes. Additionally, the cloud-based ERP software has gained popularity due to its ease of use, affordability, and scalability.

    Trends in the market:
    The ERP software market in Albania is witnessing a shift towards cloud-based solutions. Businesses are increasingly opting for cloud-based ERP software due to its flexibility, scalability, and cost-effectiveness. Furthermore, the demand for mobile ERP software has grown significantly, allowing businesses to access real-time data and make informed decisions on the go.

    Local special circumstances:
    The Albanian government has implemented various initiatives to promote the adoption of ERP software among businesses. The government has provided tax incentives for businesses that invest in ERP software, making it more affordable for small and medium-sized enterprises. Additionally, the government has encouraged the development of IT infrastructure, making it easier for businesses to adopt ERP software.

    Underlying macroeconomic factors:
    Albania's economy has been growing steadily in recent years, with a focus on improving the business environment and attracting foreign investment. The country's strategic location and favorable business climate have made it an attractive destination for businesses looking to expand into the Balkan region. Furthermore, the country's membership in the World Trade Organization has opened up new opportunities for businesses to access global markets. These factors have contributed to the growth of the ERP software market in Albania.

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices

    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.

    Technology

    Access more Market Insights on Technology topics with our featured report

    Software: market data & analysis  - BackgroundSoftware: market data & analysis  - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Software development - statistics & facts

    Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

    These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.

    More data on the topic

    Contact

    Get in touch with us. We are happy to help.