Enterprise Software - Ireland

Ireland

In 2024, the projected revenue for the Enterprise Software market in Ireland is expected to reach US$626.90m.
The dominant player in this market segment is Customer Relationship Management Software, which is projected to have a market volume of US$185.00m in 2024.
Looking ahead, the revenue is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 5.93%, resulting in a market volume of US$836.30m by 2029.
Furthermore, the average Spend per Employee in the Enterprise Software market is projected to be US$216.10 in 2024.
When considering the global landscape, United States is expected to generate the highest revenue, with US$150.50bn in 2024.
Ireland has emerged as a leading hub for Enterprise Software development, attracting global tech giants and fostering a thriving ecosystem of startups.

Key regions: France, United Kingdom, Australia, Canada, South Korea

Definition:

The Enterprise Software market covers software applications designed to support essential business activities by large organizations such as enterprise resource planning, customer relationship management, business intelligence, and supply chain management.

Products in the Enterprise Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Structure:

The Enterprise Software market contains eight markets that are based on the functionality of the software:

Business Intelligence Software refers to software applications that support organizations to analyze, visualize, and report data.
Content Management Software refers to a wide range of software applications that support organizations to manage their digital content such as documents, images, and videos.
Customer Relationship Management Software refers to software applications that support organizations to manage their interactions with customers, clients, and prospects.
eCommerce Software refers to a wide range of software applications that support organizations to manage their online sales channels.
Enterprise Performance Management Software refers to software solutions that help organizations to manage and improve their performance across various areas, such as finance, operations, and strategy.
Enterprise Resource Planning Software refers to software applications that support organizations to manage, integrate and optimize important business activities related to resources such as people, finance, capital, materials, and orders.
Supply Chain Management Software refers to software applications that support organizations to manage their supply chain activities such as inventory optimization, supplier and vendor management, and logistic operations.
AI Development Tool Software refers to a specialized category of software designed to facilitate the creation, testing, deployment, and management of artificial intelligence (AI) models and applications.
Other Enterprise Software refers to aggregated revenues for the types of enterprise software that are not specifically mentioned in the other Enterprise Software markets, such as Project Management Software, Product Life Cycle Management Software, and Production and Operation Software.

Additional Information:

The Enterprise Software market comprises revenue and revenue growth as the key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in this market include SAP, Salesforce, Adobe, and Oracle.

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Analyst Opinion

The Enterprise Software market in Ireland has been experiencing steady growth in recent years.

Customer preferences: Irish businesses are increasingly adopting cloud-based enterprise software solutions, as they offer scalability, flexibility, and cost-effectiveness. This trend is driven by the need to stay competitive and keep up with technological advancements. Additionally, there is a growing demand for software solutions that can be integrated with existing systems, and that offer advanced analytics and reporting capabilities.

Trends in the market: One of the key trends in the Irish Enterprise Software market is the increasing adoption of Software-as-a-Service (SaaS) solutions. This is due to the many benefits that SaaS offers, including lower costs, easier deployment, and automatic updates. Another trend is the growing popularity of enterprise mobility solutions, which allow employees to access business data and applications from their mobile devices. This trend is driven by the need for increased productivity and flexibility in the workplace.

Local special circumstances: Ireland has a strong technology sector, with many multinational companies having their European headquarters in the country. This has led to a highly skilled workforce and a supportive business environment for technology companies. Additionally, the Irish government has implemented policies aimed at promoting innovation and entrepreneurship, which has helped to attract foreign investment and foster the growth of the technology sector.

Underlying macroeconomic factors: The Irish economy has been performing well in recent years, with low unemployment rates and strong GDP growth. This has created a favorable environment for businesses, including those in the Enterprise Software market. Additionally, Ireland's membership in the European Union provides access to a large market and favorable trade agreements, which has helped to attract foreign investment and facilitate international trade.

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.