Other Enterprise Software - Estonia

In 2024, the projected revenue for the Other Enterprise Software market is expected to reach US$7.86m in Estonia.
This market segment is anticipated to experience an annual growth rate (CAGR 2024-2029) of 2.79%, resulting in a market volume of US$9.02m by 2029.
Furthermore, the average Spend per Employee in the Other Enterprise Software market is projected to reach US$10.42 in Estonia in 2024.
In terms of global comparison, United States is expected to generate the highest revenue in the Other Enterprise Software market, with a projected revenue of US$32.46bn in 2024.
The Estonian market for Other Enterprise Software is thriving, with a strong emphasis on innovative solutions and high-quality customer service.

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

Other Enterprise Software market in Estonia has been experiencing a steady growth in recent years. With the increasing demand for digitalization and automation in various industries, the market has become more competitive, leading to innovation and development of new software solutions.

Customer preferences: Customers in Estonia have shown a preference for software solutions that are easy to use, customizable, and offer seamless integration with existing systems. They also value software that provides robust security features to protect their data and ensure compliance with regulations. As a result, software vendors have been focusing on developing user-friendly interfaces, providing training and support, and offering cloud-based solutions to meet the needs of their customers.

Trends in the market: One of the key trends in the Other Enterprise Software market in Estonia is the adoption of artificial intelligence (AI) and machine learning (ML) technologies. Companies are increasingly using these technologies to automate routine tasks, improve decision-making, and gain insights from large datasets. Another trend is the shift towards Software-as-a-Service (SaaS) models, which offer greater flexibility and cost-effectiveness compared to traditional software licensing models. Additionally, there has been a growing demand for mobile-friendly software solutions that can be accessed from anywhere, at any time.

Local special circumstances: Estonia has a highly developed digital infrastructure, with a strong focus on e-government and e-services. This has created a favorable environment for the development and adoption of digital solutions, including enterprise software. Additionally, Estonia has a thriving startup ecosystem, with many innovative companies developing new software solutions and disrupting traditional industries.

Underlying macroeconomic factors: Estonia has a small but open economy, with a high level of economic freedom and a favorable business environment. The government has implemented policies to encourage entrepreneurship and innovation, including tax incentives for research and development activities. Additionally, Estonia has a highly educated workforce, with a strong focus on science, technology, engineering, and mathematics (STEM) education. These factors have contributed to the growth of the Other Enterprise Software market in Estonia, as companies have been able to develop and market innovative solutions to meet the needs of their customers.

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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