Enterprise Resource Planning Software - Greece

The Enterprise Resource Planning Software market in Greece is expected to see a significant increase in revenue, with projections indicating that it will reach US$32.25m by 2024.
Furthermore, it is anticipated that the market will continue to experience steady growth, with an annual growth rate (CAGR 2024-2029) of 2.63%.
This growth is expected to result in a market volume of US$36.72m by 2029.
When it comes to spending per employee in the Enterprise Resource Planning Software market in Greece, it is projected to reach an average of US$6.68 in 2024.
This metric serves as an indicator of the level of investment and adoption of ERP software within Greek companies.
In a global perspective, 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.
This highlights the dominance of the US market in terms of revenue generation within this industry.
Greece's adoption of cloud-based ERP software has surged, empowering businesses to streamline operations and improve efficiency in a challenging economic climate.

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

The Enterprise Resource Planning (ERP) software market in Greece has been growing steadily over the years.

Customer preferences: Greek businesses have been increasingly adopting ERP software to streamline their operations and improve efficiency. Small and medium-sized enterprises (SMEs) have been the main drivers of this trend, as they seek to compete with larger companies and expand their operations. Cloud-based ERP solutions have also gained popularity among Greek businesses due to their affordability and flexibility.

Trends in the market: One of the major trends in the Greek ERP software market is the adoption of mobile ERP solutions. As more employees work remotely or on-the-go, businesses are seeking ERP software that can be accessed from anywhere, anytime. Another trend is the integration of artificial intelligence (AI) and machine learning (ML) into ERP software, which can help businesses automate repetitive tasks and make more informed decisions.

Local special circumstances: The Greek economic crisis of the past decade has had a significant impact on the ERP software market. Many businesses were forced to cut costs and streamline operations, leading to an increased demand for ERP software. However, the crisis also led to a decrease in overall IT spending, which has affected the growth of the market. Additionally, the Greek market is dominated by small businesses, which have unique needs and challenges that ERP software providers must address.

Underlying macroeconomic factors: The Greek economy has been slowly recovering from the crisis, with GDP growth expected to reach 4.1% in 2021. This growth is expected to boost business confidence and increase investment in IT infrastructure, including ERP software. The Greek government has also implemented policies to support small businesses, which could further drive demand for ERP solutions. However, the ongoing COVID-19 pandemic has created uncertainty and could impact the growth of the market in the short term.

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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