Key regions: United Kingdom, China, Australia, Canada, United States
Enterprise Resource Planning (ERP) software has been gaining popularity in Israel in recent years, as companies seek to enhance their operational efficiency and streamline their business processes.
Customer preferences: Israeli companies are increasingly adopting cloud-based ERP solutions due to their scalability, flexibility, and lower upfront costs. Additionally, there is a growing demand for mobile ERP solutions that enable employees to access critical business data from anywhere at any time. Companies are also looking for ERP systems that can integrate with other business applications and provide real-time data analytics capabilities.
Trends in the market: The ERP software market in Israel is expected to experience steady growth in the coming years, driven by the increasing adoption of cloud-based solutions and the growing need for digital transformation among businesses. The market is also witnessing a trend towards industry-specific ERP solutions that cater to the unique needs of different sectors such as manufacturing, healthcare, and retail. Furthermore, there is a growing interest in artificial intelligence (AI) and machine learning (ML) capabilities within ERP systems, which can provide valuable insights and automate routine tasks.
Local special circumstances: Israel's thriving startup ecosystem has resulted in the emergence of several homegrown ERP software providers that cater to the needs of small and medium-sized enterprises (SMEs). These companies offer innovative and cost-effective solutions that are tailored to the unique needs of Israeli businesses. Additionally, Israel's strong cybersecurity industry has led to the development of ERP solutions with robust security features that protect sensitive business data.
Underlying macroeconomic factors: Israel's strong economy and high-tech industry have contributed to the growth of the ERP software market. The country's highly skilled workforce and supportive government policies have attracted several multinational companies to set up their operations in Israel, creating a demand for advanced ERP solutions. Furthermore, Israel's strategic location and close ties with Europe and the United States have made it an attractive market for ERP software vendors looking to expand their global footprint.
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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