Market Insights Technology Software Enterprise Software

Enterprise Resource Planning Software - Kazakhstan

Kazakhstan

Revenue in the Enterprise Resource Planning Software market is projected to reach US$52.41m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.83%, resulting in a market volume of US$60.25m by 2029.
The average Spend per Employee in the Enterprise Resource Planning Software market is projected to reach US$5.17 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 Kazakhstan is experiencing a steady growth rate due to various factors.

Customer preferences: Kazakhstan businesses are increasingly adopting ERP software to streamline their operations and improve efficiency. The demand for ERP software is driven by the need for better inventory management, financial management, and supply chain management. Additionally, businesses are looking for software that can integrate with other business applications, such as customer relationship management (CRM) and human resources management (HRM) systems.

Trends in the market: One of the major trends in the ERP software market in Kazakhstan is the adoption of cloud-based ERP systems. Cloud-based ERP systems offer several benefits, including lower upfront costs, easier scalability, and remote accessibility. Moreover, businesses are increasingly looking for ERP software that can be customized to fit their specific needs and requirements. Another trend in the market is the integration of artificial intelligence (AI) and machine learning (ML) capabilities into ERP software. These technologies can help businesses automate routine tasks, improve decision-making, and enhance productivity.

Local special circumstances: Kazakhstan is a rapidly developing country with a growing economy. The government has implemented several initiatives to promote entrepreneurship and support small and medium-sized enterprises (SMEs). Furthermore, the country's strategic location between Europe and Asia makes it an attractive destination for foreign investors. These factors have contributed to the growth of the ERP software market in Kazakhstan.

Underlying macroeconomic factors: Kazakhstan's economy is heavily dependent on its natural resources, particularly oil and gas. However, the government is working to diversify the economy and promote non-oil sectors, such as manufacturing and services. This diversification strategy has created new opportunities for businesses in various industries, including IT. Moreover, the government has implemented several policies to support the development of the IT sector, such as tax incentives and funding for startups. These factors have contributed to the growth of the ERP software market in Kazakhstan.

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.