PUBLISHER: IDC | PRODUCT CODE: 1317000
PUBLISHER: IDC | PRODUCT CODE: 1317000
European ERM Applications Forecast, 2022-2027: Cloud on the Rise
This IDC Market Forecast analyzes and sizes the European ERM applications market for the 2020-2022 period and forecasts market development between 2023 and 2027. The study segments the ERM applications market by functional market (eight markets), deployment model (SaaS and on premises), and country. "Europe's ERM market is forecast to continue growing at a strong pace through 2027 due to robust demand across various functional markets. From a deployment perspective, revenues for cloud-based ERM applications overtook on-premises software revenues for the first time in 2022. This transition to cloud-based applications is expected to accelerate during the forecast period as end users increasingly move away from on-premises software toward more modern, streamlined, and agile solutions." - Program Manager Edyta Kosowska, IDC Europe
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
- Recognize and Respect Different ERM Modernization Journeys
- Facilitate End-to-End Process Continuity and Automation
- Ensure and Enable System Agility
- Support Sustainability Initiatives
- Prioritize an Industry and Country Focus
Market Forecast
- European ERM Applications Revenues, 2020-2022
- European ERM Applications Forecast by Functional Market
- European ERM Applications Market Forecast by Deployment Model
- European ERM Applications Forecast by Region and Country
- ERM Applications Country-Level Forecasts by Functional Market
- ALM Applications Forecast by Region and Country
- Enterprise Performance Management Applications Forecast by Region and Country
- Financial Applications Forecast by Region and Country
- HCM Applications Forecast by Region and Country
- Order Management Applications Forecast by Region and Country
- Payroll Accounting Applications Forecast by Region and Country
- Procurement Forecast Applications Forecast by Region and Country
- PPM Applications Forecast by Region and Country
Market Context
- Drivers and Inhibitors
- Drivers
- Digital Transformation Focused on Efficiency and New Business Models
- Focus on Business Agility
- Generative AI Hype
- Inflation
- Inhibitors
- Economic Uncertainty
- Drivers
- Significant Market Developments
- Difficult Economic Conditions
- The Need for Industry-Focused, Off-the-Shelf Solutions
- Extensive Legislations Related to e-Invoicing
- Sustainability Measurement Becomes Crucial
- Changes from Prior Forecast
Market Definition
Methodology
- Forecast Information Sources
- Forecasting Process
- Company-Level Data Collection
- Exchange Rates
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