Software - Netherlands

Netherlands

The Software market in the Netherlands is expected to generate a projected revenue of €9.19bn by 2024.
Among the various segments in this market, Enterprise Software is projected to dominate with a market volume of €3.81bn in 2024.
Looking ahead, the revenue is anticipated to grow at an annual growth rate (CAGR 2024-2029) of 3.45%, resulting in a market volume of €10.89bn by 2029.
In a global comparison, United States is expected to generate the highest revenue, reaching €333.50bn in 2024.
The Netherlands is known for its thriving software market, with a strong emphasis on innovative solutions and a focus on sustainability.

Key regions: United States, Canada, Germany, China, Japan

Definition:

In general, software is defined as a set of instructions written as programming code to execute specific tasks on a computing device. The Software market covers a wide range of software products and solutions that are publicly sold by various companies. Most software solutions in this market are designed for professional use, but some can also be suitable for personal use. They can also range from basic productivity tools such as word processors and spreadsheets to complex software solutions such as project management tools, graphic design software, and enterprise resource planning software.

Products in the 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 market contains four markets that are based on the functionality of the software:

Productivity Software refers to application software that supports activities such as producing documents, spreadsheets, drawings, and presentations. This market includes Administrative Software, Collaboration Software, Office Software, Creative Software, and Construction and Design Software.
Enterprise Software refers to all software that supports essential large-scale business activities such as enterprise resource management, customer management, and supply chain activities. This market includes Enterprise Resource Planning Software, Customer Relationship Management Software, Business Intelligence Software, Supply Chain Management Software, Content Management Software, and Other Enterprise Software.
Application Development Software refers to software and tools that help the overall application development process.
System Infrastructure Software refers to software that provides the base framework for operating and managing organizational processes and services on hardware devices.

Additional Information:

The Software market comprises revenue and revenue change 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 consumers (B2C), 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 Microsoft, Adobe, SAP, Oracle, and Salesforce.

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Analyst Opinion

The Dutch Software market is a rapidly growing sector in the country, with a high level of innovation and investment in the industry.

Customer preferences: The Dutch market is characterized by a high demand for customized software solutions that cater to specific business needs. This has led to the emergence of many niche software providers that specialize in developing software for specific industries. Additionally, there is a growing interest in cloud-based software solutions as businesses seek to streamline their operations and reduce costs.

Trends in the market: The Dutch software market is experiencing significant growth, driven by the increasing adoption of emerging technologies such as artificial intelligence, machine learning, and blockchain. The country's thriving startup ecosystem has also contributed to the growth of the software industry, with many innovative startups developing cutting-edge software solutions. Furthermore, the Dutch government has been actively promoting the growth of the software industry by providing funding and support for startups and SMEs.

Local special circumstances: The Netherlands is home to many multinational companies, which has created a highly competitive business environment. This has led to a focus on innovation and the development of new software solutions that can give businesses a competitive edge. Additionally, the country's highly skilled workforce and strong education system have contributed to the growth of the software industry by providing a steady supply of talented software developers and engineers.

Underlying macroeconomic factors: The Netherlands has a strong economy, with a high level of innovation and a favorable business climate. The country's strategic location and excellent transportation infrastructure make it an attractive destination for businesses looking to establish a presence in Europe. Furthermore, the Dutch government has implemented policies to promote entrepreneurship and innovation, which has contributed to the growth of the software industry. Overall, the Dutch software market is expected to continue its strong growth trajectory in the coming years, driven by increasing demand for customized software solutions and emerging technologies.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises, except for the Enterprise Software segment, in which consumer (B2C) spending is not considered. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, level of digitization, GDP sector composition, and observed level of software piracy. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. 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.