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Enterprise Resource Planning Software - Iraq

Iraq

The projected revenue in the Enterprise Resource Planning Software market in 2024 is estimated to be US$47.62m.
It is expected to experience an annual growth rate of 3.39% between 2024 and 2029, resulting in a market volume of US$56.26m by 2029.
Furthermore, the average Spend per Employee in the Enterprise Resource Planning Software market is projected to reach US$3.96 in 2024.
In terms of global comparison, United States is expected to generate the highest revenue in the market, with an estimated amount of US$26,700.00m in 2024.
Turning our attention to in Iraq, the country's Enterprise Resource Planning Software market is poised to make significant progress in the coming years.
Iraq's growing economy has led to an increased demand for Enterprise Resource Planning software to streamline business operations and enhance efficiency.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Enterprise Resource Planning Software market in Iraq has been steadily growing in recent years, driven by a number of factors unique to the country.

Customer preferences: Iraqi businesses have shown a growing interest in implementing ERP software to streamline their operations and increase efficiency. This is largely due to a desire to modernize and compete with regional and global competitors. Additionally, the increasing availability of cloud-based ERP solutions has made it easier for smaller businesses to adopt these systems.

Trends in the market: One major trend in the Iraqi ERP market is the increasing use of mobile devices to access ERP systems. This is particularly important in a country where many businesses operate in remote or rural areas. Another trend is the growing demand for ERP solutions that are tailored to specific industries, such as oil and gas, construction, and healthcare.

Local special circumstances: Iraq's unique political and security situation has created some challenges for businesses operating in the country. This has led to a greater emphasis on risk management and security in ERP systems. Additionally, the country's infrastructure is still developing, which has led to a greater focus on cloud-based ERP solutions that do not require extensive on-premise hardware.

Underlying macroeconomic factors: Iraq's economy has been growing in recent years, driven largely by the oil and gas sector. This has led to increased investment in infrastructure and other sectors, which in turn has created new opportunities for businesses. Additionally, the country's young and growing population has created a large and increasingly affluent consumer market, which is driving demand for ERP solutions in a variety of industries.

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.