Market Insights Technology Software Enterprise Software

Enterprise Resource Planning Software - CIS

The Enterprise Resource Planning Software market in the CIS region is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is anticipated to reach US$0.47bn by 2024.
Furthermore, it is expected to showcase an impressive compound annual growth rate (CAGR 2024-2029) of 3.57%, resulting in a market volume of US$0.56bn by 2029.
In terms of spending, the average Spend per Employee in the Enterprise Resource Planning Software market is projected to reach US$4.10 in 2024.
This indicates the increasing importance of efficient resource management in organizations within the CIS region.
When comparing the global market, it is worth noting that United States is expected to generate the highest revenue in the Enterprise Resource Planning Software market, with an estimated value of US$26,700.00m in 2024.
This further emphasizes the dominance of the US in the global software market.
The demand for Enterprise Resource Planning software in the CIS market is rapidly growing, driven by the region's strong focus on streamlining business processes and increasing operational efficiency.

Key regions: United Kingdom, China, Australia, Canada, United States

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Analyst Opinion

The Enterprise Resource Planning Software market in CIS is experiencing significant growth, driven by several key factors.

Customer preferences: Customers in the CIS region are increasingly looking for Enterprise Resource Planning (ERP) software that is tailored to their specific needs. This includes solutions that are easy to use, customizable, and offer a range of features to help businesses manage their operations more efficiently. Additionally, customers are looking for ERP solutions that can integrate with other software systems, such as customer relationship management (CRM) and supply chain management (SCM) software.

Trends in the market: One of the key trends in the CIS ERP software market is the increasing adoption of cloud-based solutions. Cloud-based ERP software offers several advantages over traditional on-premise solutions, including lower upfront costs, greater scalability, and easier access to data. Additionally, cloud-based solutions are often more secure, as they are typically hosted on secure servers and are subject to regular security updates.Another trend in the CIS ERP software market is the increasing focus on mobile functionality. Many businesses in the region are looking for ERP solutions that can be accessed from mobile devices, such as smartphones and tablets. This allows employees to access critical data and manage operations from anywhere, at any time.

Local special circumstances: One of the key challenges facing the CIS ERP software market is the lack of standardization across the region. Each country in the CIS has its own unique business practices and regulations, which can make it difficult for ERP software providers to develop solutions that meet the needs of all customers in the region. Additionally, many businesses in the CIS are still using outdated software systems, which can make it difficult to adopt new ERP solutions.

Underlying macroeconomic factors: The growth of the CIS ERP software market is being driven by several underlying macroeconomic factors. One of the key drivers is the increasing adoption of digital technologies across the region. As more businesses in the CIS embrace digital transformation, the demand for ERP software is likely to continue to grow.Another macroeconomic factor driving the growth of the CIS ERP software market is the increasing focus on efficiency and productivity. Many businesses in the region are looking for ways to streamline their operations and reduce costs, and ERP software can help them achieve these goals.Overall, the CIS ERP software market is poised for continued growth in the coming years, driven by the increasing adoption of digital technologies, the focus on efficiency and productivity, and the growing demand for cloud-based and mobile ERP solutions.

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.