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Europe Enterprise Resource Planning (ERP) Market Forecast 2022-2030

KEY FINDINGS

The Europe enterprise resource planning (ERP) market is set to register a CAGR of 9.01% during the forecast period, 2022-2030. The presence of established ERP vendors in the region offers lucrative growth opportunities. Also, the software vendors are competing to offer the end-users value-added services, lower prices, and high technical capabilities.

MARKET INSIGHTS

The Europe enterprise resource planning (ERP) market growth analysis includes the assessment of Germany, the United Kingdom, Poland, Italy, France, Belgium, Russia, and Rest of Europe. In Germany, the substantial rise of Industry 4.0 and IoT offers growth opportunities. As per the Federal Statistical Office of Germany, the early adoption of automation and the rising need for efficient management of the production process resulted in 82% of large companies using ERP software as of 2017. Also, Industry 4.0, a national strategic initiative started by the government and the Ministry for Economic Affairs and Energy (BMWI), emphasizes digitization and product interconnection, business models, and value chains. This is projected to impact the role of ERP systems in smart and manufacturing factories.

In addition, the country has the highest number of SMEs in Europe as of 2017, facilitating the market growth. Also, the retail growth in Germany is significant, with B2B e-commerce accounting for more than 90% of the total entire e-commerce market volume. Moreover, most B2B companies have over one ERP system due to multiple acquisitions.

Whereas Italy has been prominent in investing in cloud computing. As a result, companies are investing in developing ERP solutions. Such factors influence market growth in Italy.

COMPETITIVE INSIGHTS

Some of the leading firms in the market include Infor Inc, Microsoft Corporation, Industrial and Financial Systems, IFS AB, IQMS (Acquired by Dassault Systemes), etc.

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Europe Enterprise Resource Planning (ERP) Market Forecast 2022-2030
Published By :Inkwood Research
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