Enterprise Resource Planning Software - Denmark

In 2024, the revenue in the Enterprise Resource Planning Software market in Denmark is projected to reach US$300.70m.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.14%, resulting in a market volume of US$351.00m by 2029.
Moreover, the average Spend per Employee in the Enterprise Resource Planning Software market is projected to reach US$92.41 in 2024.
However, in global comparison, United States is anticipated to generate the most revenue with US$26.70bn in 2024.
Denmark has witnessed a surge in demand for cloud-based ERP software solutions, as businesses prioritize flexibility and scalability.

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

Denmark, a country known for its high standard of living and strong welfare system, has seen a steady growth in the Enterprise Resource Planning (ERP) software market.

Customer preferences: Danish companies have shown a preference for cloud-based ERP solutions due to their flexibility and scalability. This allows companies to easily adjust their software needs as their business grows or changes. Additionally, there is a growing demand for ERP solutions that integrate with other business software such as customer relationship management (CRM) and supply chain management (SCM) systems.

Trends in the market: One trend in the Danish ERP market is the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies. These technologies can help companies automate routine tasks, improve decision-making processes, and provide more accurate forecasting. Another trend is the rise of mobile ERP solutions, which allow employees to access real-time data and perform tasks remotely.

Local special circumstances: Denmark has a highly skilled workforce and a strong focus on sustainability, which has led to an emphasis on green technology and renewable energy solutions. This has also influenced the ERP market, with companies seeking solutions that can help them reduce waste and improve energy efficiency. Additionally, Denmark has a strong tradition of cooperation between businesses and the government, which has led to a supportive regulatory environment for ERP software adoption.

Underlying macroeconomic factors: Denmark has a stable economy with a high GDP per capita, which has contributed to a favorable business environment for ERP software providers. Additionally, the country has a well-developed IT infrastructure and a high level of digitalization, which has made it easier for companies to adopt new technologies. Finally, Denmark's position as a member of the European Union has facilitated trade and business partnerships with other countries, which has helped to drive growth in the ERP 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.

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.