Key regions: Australia, South Korea, China, United States, Japan
The Enterprise Resource Planning (ERP) Software market in New Zealand has experienced steady growth in recent years.
Customer preferences: New Zealand businesses are increasingly looking for ERP solutions that can be customized to their specific needs. They also place a high value on cloud-based solutions that offer flexibility and scalability. In addition, customers are looking for ERP software that integrates with other business systems, such as customer relationship management (CRM) and supply chain management (SCM) software.
Trends in the market: One of the key trends in the ERP software market in New Zealand is the adoption of cloud-based solutions. Cloud-based ERP software offers businesses the ability to access their data from anywhere, at any time, which is particularly important for businesses with remote workers or multiple locations. Another trend is the integration of artificial intelligence (AI) and machine learning (ML) into ERP software, which can help businesses automate routine tasks and improve decision-making processes. Finally, there is a growing trend towards modular ERP software, which allows businesses to only purchase the modules they need, rather than investing in a full suite of software.
Local special circumstances: One of the unique factors in the New Zealand ERP software market is the country's size. With a population of just under 5 million people, many businesses in New Zealand are small or medium-sized enterprises (SMEs). This means that ERP software providers need to offer solutions that are affordable and scalable for smaller businesses. In addition, New Zealand has a strong agricultural sector, which has unique needs when it comes to ERP software. For example, agricultural businesses may require software that can manage inventory and supply chain processes for perishable goods.
Underlying macroeconomic factors: New Zealand has a stable economy with a strong focus on technology and innovation. This has led to a high level of digital adoption among businesses, which has in turn driven demand for ERP software. In addition, the New Zealand government has made significant investments in technology infrastructure, such as the Ultra-Fast Broadband network, which has helped to facilitate the growth of cloud-based ERP solutions. Finally, New Zealand has a highly skilled workforce, which has helped to drive innovation in the ERP software market.
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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