Market Insights Technology Software Enterprise Software

Enterprise Resource Planning Software - Europe

Europe

In 2024, the projected revenue in the Enterprise Resource Planning Software market for Europe is estimated to reach €11.09bn.
This market is expected to experience a steady annual growth rate of 5.16% from 2024 to 2029, resulting in a market volume of €14.26bn by 2029.
Furthermore, the average spend per employee in this market segment is projected to reach €26.54 in 2024.
When compared to the global market, it is worth noting that United States is anticipated to generate the highest revenue in the Enterprise Resource Planning Software market, amounting to €24,760.00m in 2024.
In Germany, there is a growing trend towards cloud-based ERP software solutions for small and medium-sized enterprises.

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

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Analyst Opinion

The Enterprise Resource Planning (ERP) Software market in Europe has been experiencing steady growth in recent years.

Customer preferences: European businesses are increasingly adopting ERP software to streamline their operations and improve their productivity. ERP software provides businesses with a centralized database that allows them to manage their operations more efficiently. This is particularly important for businesses that operate across multiple locations or have complex supply chains.

Trends in the market: Germany is one of the largest markets for ERP software in Europe. The country has a large manufacturing sector, which has been a key driver of demand for ERP software. In addition, the adoption of Industry 4.0 technologies has led to an increased demand for ERP software in Germany. France is another key market for ERP software in Europe. The country has a large service sector, which has been a key driver of demand for ERP software. In addition, the French government has been promoting the adoption of digital technologies, which has led to an increased demand for ERP software among businesses in the country.

Local special circumstances: In the United Kingdom, the uncertainty surrounding Brexit has led to a slowdown in the adoption of ERP software. Many businesses are hesitant to invest in new technology until the situation becomes clearer. However, the long-term outlook for the ERP software market in the UK remains positive, as businesses will eventually need to invest in new technology to remain competitive.

Underlying macroeconomic factors: The overall growth of the ERP software market in Europe can be attributed to several underlying macroeconomic factors. These include the growing importance of digital technologies in business operations, the increasing adoption of cloud-based ERP solutions, and the trend towards globalization. As businesses become more globalized, they need to be able to manage their operations across multiple locations, which has led to an increased 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.