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Key regions: Canada, United Kingdom, France, South Korea, Germany
The Creative Software market in EU-27 has been experiencing significant growth in recent years, driven by a number of factors that are unique to the region.
Customer preferences: Customers in the EU-27 have shown a strong preference for creative software that is intuitive and user-friendly. They also tend to prioritize software that is compatible with a wide range of devices and platforms, as well as software that offers robust collaboration features.
Trends in the market: One of the most notable trends in the Creative Software market in the EU-27 is the rise of cloud-based software solutions. This trend is being driven by a number of factors, including the increasing prevalence of remote work and the growing demand for software that can be accessed from anywhere.Another important trend in the market is the increasing popularity of mobile-first design. As more and more consumers access the internet primarily through their mobile devices, software companies are focusing on creating mobile-first designs that are optimized for smaller screens and touch-based interactions.
Local special circumstances: One of the unique challenges facing the Creative Software market in the EU-27 is the region's complex regulatory environment. Companies operating in the region must comply with a wide range of regulations related to data privacy, intellectual property, and consumer protection. This can make it difficult for companies to innovate and compete in the market.
Underlying macroeconomic factors: The Creative Software market in the EU-27 is also being shaped by a number of macroeconomic factors, including the region's overall economic growth and the increasing importance of the digital economy. As the region continues to grow and evolve, it is likely that the Creative Software market will continue to experience significant growth and innovation.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)