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Enterprise Resource Planning Software - EU-27

EU-27

Revenue in the Enterprise Resource Planning Software market is projected to reach US$7.57bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.27%, resulting in a market volume of US$8.89bn by 2029.
The average Spend per Employee in the Enterprise Resource Planning Software market is projected to reach US$33.75 in 2024.
In global comparison, most revenue will be generated in the United States (US$26,700.00m in 2024).

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Enterprise Resource Planning (ERP) Software market in EU-27 has been experiencing a steady growth over the past few years. ERP software is a business management software that helps organizations to manage their day-to-day business operations such as accounting, procurement, project management, risk management, and compliance.

Customer preferences: The EU-27 market is highly competitive, and customers are looking for ERP software that can help them streamline their business processes, reduce operational costs, and improve productivity. Customers are also looking for ERP software that can be easily integrated with their existing systems and can be customized to meet their specific business needs.

Trends in the market: One of the major trends in the EU-27 ERP software market is the adoption of cloud-based ERP software. Cloud-based ERP software offers several benefits such as lower upfront costs, scalability, flexibility, and ease of implementation. Another trend in the market is the increasing use of artificial intelligence (AI) and machine learning (ML) in ERP software. AI and ML can help organizations to automate their business processes and make more informed decisions.

Local special circumstances: The EU-27 market is diverse, and each country has its own set of regulations and business practices. For example, Germany has strict data protection laws, and ERP software providers need to comply with these regulations. Similarly, in France, there is a strong focus on localization, and ERP software providers need to offer software that is tailored to the French market.

Underlying macroeconomic factors: The EU-27 market is influenced by several macroeconomic factors such as GDP growth, inflation, and unemployment. The EU-27 has been experiencing a slow but steady economic growth over the past few years, which has led to an increase in business investments. This has resulted in an increased demand for ERP software as organizations look to streamline their operations and reduce costs. However, the ongoing Brexit negotiations and the COVID-19 pandemic have created uncertainty in the market, and this may impact the growth of the ERP software market in the EU-27 in the short term.

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.