Other Enterprise Software - Denmark

In 2024, the Other Enterprise Software market in Denmark is projected to generate a revenue of US$361.10m.
This market segment is expected to grow at an annual growth rate of 2.62% from 2024 to 2029, resulting in a market volume of US$411.10m by 2029.
The average Spend per Employee in the Other Enterprise Software market is estimated to reach US$111.00 in 2024.
When compared globally, United States is anticipated to generate the highest revenue in this market segment, with a projected revenue of US$32.46bn in 2024.
Denmark is experiencing a surge in the adoption of other enterprise software solutions, driven by the country's strong focus on digitalization and innovation.

Definition:

The Other Enterprise Software market covers aggregated revenues for the types of enterprise software that are not specifically mentioned in the other subsegments Enterprise software segment. These include, for example, Project Management Software, Product Life Cycle Management Software, and Production and Operation Software.

Products in the Other 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.

Additional Information:

The Other Enterprise Software market comprises revenue and revenue growth as the key performance indicators. Only the 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 the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).

Key players in this market include SAP, Oracle, Atlassian, and ServiceNow.

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Content applications, such as Adobe Experience Manager, Semrush, and HubSpot
Performance management applications, such as PerformYard, Workday, and Monday
Workforce management software, such as ADP Workforce Now, BambooHR, and Zoho People

Enterprise resource planning software, such as Odoo, SAP Business One, NetSuite, and Microsoft Dynamics 365
Customer relationship management software, such as Salesforce Sales Cloud, Monday sales CRM, and HubSpot CRM
Business intelligence software, such as Toast, Heap, and insightsoftware
Supply chain management software, such as Anvyl, Tada, and Magaya Supply Chain
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

The Other Enterprise Software market in Denmark has been experiencing significant growth in recent years.

Customer preferences: The Danish market has shown a strong preference for cloud-based enterprise software solutions, particularly in the areas of project management and collaboration tools. This is due to the increased need for remote work capabilities as well as the cost savings and scalability offered by cloud-based solutions.

Trends in the market: One of the major trends in the Danish Other Enterprise Software market is the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies. This is particularly evident in the areas of customer relationship management (CRM) and supply chain management, where AI and ML can help companies optimize their processes and improve efficiency.Another trend is the growing demand for cybersecurity solutions, as companies become more aware of the risks posed by cyber threats. This has led to an increase in investment in cybersecurity software, particularly in the areas of threat detection and prevention.

Local special circumstances: Denmark has a highly skilled workforce and a strong tradition of innovation, which has helped to drive the growth of the Other Enterprise Software market. The country also has a well-developed IT infrastructure, which has made it easier for companies to adopt new technologies and solutions.

Underlying macroeconomic factors: Denmark has a stable and prosperous economy, with a high level of government spending on research and development. This has helped to create a favorable environment for innovation and technology development, which has in turn driven the growth of the Other Enterprise Software market. Additionally, Denmark has a strong focus on sustainability and environmental responsibility, which has led to increased investment in technologies that support these goals.

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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