Enterprise Resource Planning Software - Croatia

The Enterprise Resource Planning Software market in Croatia is projected to generate a revenue of US$23.56m in 2024.
This is expected to show an annual growth rate (CAGR 2024-2029) of 4.32%, resulting in a market volume of US$29.10m by 2029.
In Croatia, the average Spend per Employee in the Enterprise Resource Planning Software market is projected to reach US$13.62 in 2024.
In global comparison, United States is expected to generate the highest revenue, reaching US$26.70bn in 2024.
Croatia's growing tourism industry is driving the demand for advanced ERP software solutions for efficient management of hotels and resorts.

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.

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

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

The Enterprise Resource Planning Software market in Croatia has been steadily growing in recent years.

Customer preferences: Croatian businesses have been increasingly adopting Enterprise Resource Planning (ERP) software to streamline their operations and improve efficiency. This trend is driven by the need to automate manual processes, reduce errors, and improve decision-making. Additionally, businesses are looking for ERP solutions that offer real-time data analysis and reporting capabilities, as well as mobile access to data.

Trends in the market: One of the key trends in the ERP software market in Croatia is the adoption of cloud-based solutions. Cloud-based ERP systems offer several advantages over traditional on-premise solutions, including lower upfront costs, faster implementation times, and greater scalability. Furthermore, cloud-based ERP solutions are often more flexible and customizable, allowing businesses to tailor the software to their specific needs.Another trend in the market is the increasing use of artificial intelligence (AI) and machine learning (ML) in ERP software. These technologies can help businesses automate routine tasks, predict demand and inventory levels, and optimize production processes. Additionally, AI and ML can be used to analyze customer data and provide insights that can improve customer service and retention.

Local special circumstances: One of the challenges facing the ERP software market in Croatia is the relatively small size of the market. This can make it difficult for smaller ERP vendors to compete with larger, more established players. Additionally, some businesses may be hesitant to adopt new technology due to concerns about data security and privacy.

Underlying macroeconomic factors: Despite these challenges, the overall outlook for the ERP software market in Croatia is positive. The country's economy has been growing steadily in recent years, and there is a growing focus on digital transformation and innovation. Additionally, the government has implemented several initiatives aimed at promoting entrepreneurship and supporting small and medium-sized businesses, which are the primary users of ERP software. As a result, the demand for ERP solutions is expected to continue to grow in the coming years.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

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.