Enterprise Resource Planning Software - Czechia

The Enterprise Resource Planning Software market in Czechia is anticipated to witness significant growth, with projected revenue reaching US$138.30m in 2024.
This growth is expected to continue at a steady pace, with an annual growth rate (CAGR 2024-2029) of 4.20%.
By 2029, the market volume is estimated to reach US$169.90m.
When it comes to the average Spend per Employee in the Enterprise Resource Planning Software market, it is forecasted to reach US$25.74 in 2024.
In terms of global comparison, United States is expected to generate the highest revenue in the Enterprise Resource Planning Software market, with an estimated revenue of US$26.70bn in 2024.
Czechia's growing demand for Enterprise Resource Planning Software is driven by its thriving manufacturing sector and the need for 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.

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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

Enterprise Resource Planning (ERP) software has been gaining traction in the Czech Republic in recent years. The adoption of ERP software has been increasing steadily as more companies realize its potential to streamline business processes, improve efficiency, and reduce costs.

Customer preferences: Czech companies are increasingly looking for ERP software that is flexible, scalable, and customizable to their specific needs. They are also interested in cloud-based solutions that offer greater accessibility and ease of use. Additionally, companies are seeking ERP software that provides real-time data analytics and reporting capabilities to help them make informed business decisions.

Trends in the market: One of the key trends in the Czech 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 maintenance. Another trend is the integration of artificial intelligence (AI) and machine learning (ML) into ERP software, which can help automate routine tasks and improve decision-making processes.

Local special circumstances: The Czech Republic is home to a thriving start-up ecosystem, which is driving innovation and growth in the ERP software market. Many of these start-ups are developing ERP software solutions that are tailored to the needs of small and medium-sized enterprises (SMEs), which make up the majority of businesses in the country. Additionally, the Czech Republic has a highly skilled workforce, particularly in the IT sector, which is helping to drive the development of new ERP software solutions.

Underlying macroeconomic factors: The Czech Republic has a stable and growing economy, which is providing a favorable environment for the adoption of ERP software. The country's GDP has been steadily increasing in recent years, and its unemployment rate is one of the lowest in the European Union. Additionally, the Czech Republic has a highly developed IT infrastructure, which is helping to facilitate the adoption of cloud-based ERP software solutions. Finally, the country's favorable business environment, low taxes, and skilled workforce are attracting foreign investment, which is helping to drive growth in the ERP 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.

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