Market Insights Technology Software Enterprise Software

Enterprise Resource Planning Software - Ukraine

Ukraine

The Enterprise Resource Planning Software market in Ukraine is expected to see significant growth in the coming years.
According to projections, the market's revenue is set to reach US$273.40m in 2024, showcasing its potential.
This growth is expected to continue at an annual growth rate of 33.74% (CAGR 2024-2029), resulting in a market volume of US$1,170.00m by 2029.
In addition to revenue, an important metric to consider is the average Spend per Employee in the Enterprise Resource Planning Software market.
This is projected to reach US$14.05 in 2024, indicating the level of investment companies are willing to make in this sector.
When looking at the global landscape, it is noteworthy that United States is anticipated to generate the most revenue in the Enterprise Resource Planning Software market.
In 2024, United States is projected to generate a massive revenue of US$26,700.00m, solidifying its position as a key player in this market segment.
These numbers highlight the potential and significance of the Enterprise Resource Planning Software market, both globally and in Ukraine.
As businesses continue to prioritize efficient resource management, the demand for ERP software solutions is expected to grow, providing opportunities for companies operating in this sector.
Ukraine's growing IT sector and skilled workforce make it an ideal market for the adoption and implementation of Enterprise Resource Planning Software.

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

Market

Region

Region comparison

Currency

Analyst Opinion

Enterprise Resource Planning Software is an essential tool that facilitates businesses to manage their operations more efficiently and effectively. Ukraine, a country in Eastern Europe, has been witnessing a rise in the demand for ERP software.

Customer preferences: Ukrainian businesses have been showing an inclination towards ERP software that can be customized as per their requirements. They prefer software that can be integrated with other applications and can be accessed remotely. Additionally, businesses in Ukraine are also looking for software that can help them manage their financials, supply chain, and human resources.

Trends in the market: The ERP software market in Ukraine is witnessing a growth in the adoption of cloud-based ERP systems. The cloud-based ERP systems are cost-effective and provide flexibility to businesses. The demand for mobile ERP applications is also increasing, as businesses want to access their data on-the-go. Moreover, the integration of artificial intelligence and machine learning in ERP software is also gaining traction in Ukraine.

Local special circumstances: The political and economic instability in Ukraine has led to businesses being cautious about their investments. Many businesses are hesitant to invest in expensive ERP software, which has led to an increase in demand for open-source ERP software. Additionally, the language barrier is also a factor that businesses consider while selecting ERP software. Ukrainian businesses prefer software that supports the Ukrainian language.

Underlying macroeconomic factors: The IT industry in Ukraine is growing at a rapid pace, and the demand for ERP software is expected to increase in the coming years. The Ukrainian government has been taking initiatives to promote the IT industry and has been providing tax incentives to businesses. The increase in foreign investment in the IT industry is also expected to boost the demand for ERP software. Furthermore, the growth of the e-commerce industry in Ukraine is also expected to drive the demand for ERP software.

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.