Europe Enterprise Resource Planning (Erp) Market Forecast 2024-2032

List of Tables

KEY FINDINGS

The Europe enterprise resource planning (ERP) market is projected to rise with a CAGR of 8.91% over the forecast period, 2024-2032.

Although on-premise ERP deployment is significant in Europe, increased penetration and cloud availability for mass users is expected to create substantial growth opportunities for the ERP market in the region. The low operational costs associated with cloud-based ERP software are expected to encourage various medium and small-sized enterprises to implement cloud-enabled ERP solutions. This shift is anticipated to support the growth of ERP software, which will become increasingly accessible via mobile devices such as smartphones and tablets in the upcoming years.

REGIONAL ANALYSIS

The Europe enterprise resource planning (ERP) market growth evaluation entails the assessment of the United Kingdom, Germany, France, Italy, Spain, Finland, Sweden, and Rest of Europe. Owing to factors such as circumventing infrastructure investments, on-premise upgrades, reducing total costs of ownership, and rapid access to new ERP products, the United Kingdom has witnessed strong growth in ERP adoption, with a substantial shift towards cloud-based ERP solutions. Consequently, companies such as Sage Group, Priority Software, and Agilix in the United Kingdom have begun developing and providing cloud-based ERP, thus stimulating market growth in the country.

Additionally, several enterprises in the United Kingdom are investing in digital transformation by evolving their core systems alongside their customer-facing systems, thereby eliminating boundaries. According to Accenture's ERP Survey of CIOs across the United Kingdom, there is a clear consensus that core inflexibility should not impede holistic digital transformation.

Organizations are empowered to be future-aligned and core-nimble to pursue business ambitions, thereby driving the adoption of ERP solutions. The banking sector in the United Kingdom has significant potential for ERP applications due to its vast data-oriented nature. The solution offers extensive integration among various modules, integrating information, users, and processes for enhanced productivity. As a result, United Kingdom banks are increasingly employing cloud-based ERP solutions.

In Germany, the adoption of Industry 4.0, IoT, and AI has risen significantly since the German government introduced the concept of Industry 4.0 in 2011. Due to the early adoption of automation and the increasing need to manage production processes effectively, major organizations in Germany are widely utilizing ERP solutions, thereby increasing market demand. Aligning with this, the Industry 4.0 initiative, a national strategy initiated by the Ministry for Economic Affairs and Energy (BMWI) and the Ministry of Education and Research (BMBF), focuses on driving digital manufacturing by boosting digitization and interconnecting products, value chains, and business models. It also supports research, industry partner networking, and standardization.

Modern ERP software systems can collect more data as smart devices become integrated into organizations and businesses. The ability of an ERP system to fetch real-time data from these devices will be a key differentiator in the forecast period. Consequently, ERP software industry leaders such as SAP have invested in technology (e.g., SAP HANA) and innovation to incorporate new technologies, including AI, machine learning, cloud deployment, and predictive analytics, into their ERP software ecosystems.

SEGMENTATION ANALYSIS

The Europe enterprise resource planning (ERP) market segmentation includes deployment, enterprise size, business function, and end-user. The deployment segment is further categorized into on-premise, cloud, and hybrid.

While a vast majority of companies still use on-premises ERP software, the demand for cloud-based deployments significantly outpaces on-premises solutions, accounting for a larger proportion of IT spending. Companies are increasingly opting for cloud-based ERP software to replace their systems, avoiding new capital investments in ERP hardware and software for their data centers. Instead, they pay for the cloud vendor's ERP hardware and software through a monthly subscription.

Cloud collaboration allows these systems to test the structure and stability of applications, and collect and consolidate data critical for security and coordination of business processes. The customization of products to meet changing consumer demands further increases the complexity of production. With the increased interconnectedness of smart manufacturing businesses, the use of ERPs could extend across the entire supply chain, thereby improving manufacturing efficiency.

COMPETITIVE INSIGHTS

Some of the leading players in the Europe enterprise resource planning (ERP) market include Industrial and Financial Systems (IFS) AB, Microsoft Corporation, QAD Inc, etc.

QAD Inc (QAD), headquartered in the United States, is a provider of enterprise software solutions, catering to manufacturing, financials, analytics, integration, demand and supply chain, and customer management needs. The company also offers services for implementing, optimizing, and customizing solutions, as well as integrating cloud services.

QAD's cloud platforms encompass cloud ERP, Channel Islands, enterprise platforms, advanced technologies, and best practice processes. Its applications are designed for manufacturing companies in the automotive, consumer products, life sciences, food & beverage, high technology, and industrial products. The company predominantly operates in Europe, Asia, Africa, and North America.

Product Code: 88553

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
- 2.4.1. IMPACT OF COVID-19 ON THE ENTERPRISE RESOURCE PLANNING (ERP) MARKET
2.5. MAJOR MARKET FINDINGS
- 2.5.1. RAPID ADOPTION OF ERP SOLUTIONS ACROSS SEVERAL INDUSTRIES
- 2.5.2. FOCUS ON DIGITAL TRANSFORMATION AND AUTOMATION
- 2.5.3. THE MARKET IS CHARACTERISED BY VENDOR COMPETITIVENESS AND DIVERSE OFFERINGS

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. THE INCREASING NEED FOR CONTINUOUS IMPROVEMENT AND OPERATIONAL EFFICIENCY IN BUSINESSES
- 3.1.2. RISING EMPHASIS ON COMPETITIVE STRATEGIES AND REAL-TIME DECISION MAKING
- 3.1.3. RAPID ADOPTION OF CLOUD-BASED ERP SOLUTIONS
3.2. KEY RESTRAINTS
- 3.2.1. HIGH COST OF ERP SOLUTIONS
- 3.2.2. SURGE IN OPEN-SOURCE ERP VENDORS
- 3.2.3. VULNERABILITIES IN ERP APPLICATIONS

4. KEY ANALYTICS

4.1. KEY MARKET TRENDS
- 4.1.1. THE INTEGRATION OF ERP WITH ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING IS GAINING TRACTION
- 4.1.2. SHIFT TOWARDS SUBSCRIPTION-BASED PRICING MODELS
- 4.1.3. GROWING POPULARITY OF MOBILE ERP APPLICATIONS AND PLATFORMS
- 4.1.4. SURGE IN DEMAND FOR INDUSTRY-SPECIFIC SOLUTIONS
4.2. PORTER'S FIVE FORCES ANALYSIS
- 4.2.1. BUYERS POWER
- 4.2.2. SUPPLIERS POWER
- 4.2.3. SUBSTITUTION
- 4.2.4. NEW ENTRANTS
- 4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
4.4. MARKET CONCENTRATION ANALYSIS
4.5. KEY BUYING CRITERIA
- 4.5.1. COMPATIBILITY
- 4.5.2. COST-EFFECTIVENESS
- 4.5.3. EASE OF USE
- 4.5.4. SECURITY

5. MARKET BY DEPLOYMENT

5.1. ON-PREMISE
- 5.1.1. MARKET FORECAST FIGURE
- 5.1.2. SEGMENTATION ANALYSIS
5.2. CLOUD
- 5.2.1. MARKET FORECAST FIGURE
- 5.2.2. SEGMENTATION ANALYSIS
5.3. HYBRID
- 5.3.1. MARKET FORECAST FIGURE
- 5.3.2. SEGMENTATION ANALYSIS

6. MARKET BY ENTERPRISE SIZE

6.1. LARGE ENTERPRISES
- 6.1.1. MARKET FORECAST FIGURE
- 6.1.2. SEGMENTATION ANALYSIS
6.2. MEDIUM ENTERPRISES
- 6.2.1. MARKET FORECAST FIGURE
- 6.2.2. SEGMENTATION ANALYSIS
6.3. SMALL ENTERPRISES
- 6.3.1. MARKET FORECAST FIGURE
- 6.3.2. SEGMENTATION ANALYSIS

7. MARKET BY BUSINESS FUNCTION

7.1. FINANCE
- 7.1.1. MARKET FORECAST FIGURE
- 7.1.2. SEGMENTATION ANALYSIS
7.2. HUMAN RESOURCE (HR)
- 7.2.1. MARKET FORECAST FIGURE
- 7.2.2. SEGMENTATION ANALYSIS
7.3. SUPPLY CHAIN
- 7.3.1. MARKET FORECAST FIGURE
- 7.3.2. SEGMENTATION ANALYSIS
7.4. CUSTOMER MANAGEMENT
- 7.4.1. MARKET FORECAST FIGURE
- 7.4.2. SEGMENTATION ANALYSIS
7.5. INVENTORY MANAGEMENT
- 7.5.1. MARKET FORECAST FIGURE
- 7.5.2. SEGMENTATION ANALYSIS
7.6. MANUFACTURING MODULE
- 7.6.1. MARKET FORECAST FIGURE
- 7.6.2. SEGMENTATION ANALYSIS
7.7. OTHER BUSINESS FUNCTIONS
- 7.7.1. MARKET FORECAST FIGURE
- 7.7.2. SEGMENTATION ANALYSIS

8. MARKET BY END-USER

8.1. AUTOMOTIVE
- 8.1.1. MARKET FORECAST FIGURE
- 8.1.2. SEGMENTATION ANALYSIS
8.2. RETAIL
- 8.2.1. MARKET FORECAST FIGURE
- 8.2.2. SEGMENTATION ANALYSIS
8.3. MANUFACTURING
- 8.3.1. MARKET FORECAST FIGURE
- 8.3.2. SEGMENTATION ANALYSIS
8.4. BANKING, FINANCIAL SERVICES & INSURANCE (BFSI)
- 8.4.1. MARKET FORECAST FIGURE
- 8.4.2. SEGMENTATION ANALYSIS
8.5. GOVERNMENT
- 8.5.1. MARKET FORECAST FIGURE
- 8.5.2. SEGMENTATION ANALYSIS
8.6. IT AND TELECOM
- 8.6.1. MARKET FORECAST FIGURE
- 8.6.2. SEGMENTATION ANALYSIS
8.7. HEALTHCARE
- 8.7.1. MARKET FORECAST FIGURE
- 8.7.2. SEGMENTATION ANALYSIS
8.8. MILITARY AND DEFENSE
- 8.8.1. MARKET FORECAST FIGURE
- 8.8.2. SEGMENTATION ANALYSIS
8.9. OTHER END-USERS
- 8.9.1. MARKET FORECAST FIGURE
- 8.9.2. SEGMENTATION ANALYSIS

9. GEOGRAPHICAL ANALYSIS

9.1. EUROPE
- 9.1.1. MARKET SIZE & ESTIMATES
- 9.1.2. EUROPE ENTERPRISE RESOURCE PLANNING (ERP) MARKET DRIVERS
- 9.1.3. EUROPE ENTERPRISE RESOURCE PLANNING (ERP) MARKET CHALLENGES
- 9.1.4. KEY PLAYERS IN EUROPE ENTERPRISE RESOURCE PLANNING (ERP) MARKET
- 9.1.5. COUNTRY ANALYSIS
  - 9.1.5.1. UNITED KINGDOM
  - 9.1.5.1.1. UNITED KINGDOM ENTERPRISE RESOURCE PLANNING (ERP) MARKET SIZE & OPPORTUNITIES
  - 9.1.5.2. GERMANY
  - 9.1.5.2.1. GERMANY ENTERPRISE RESOURCE PLANNING (ERP) MARKET SIZE & OPPORTUNITIES
  - 9.1.5.3. FRANCE
  - 9.1.5.3.1. FRANCE ENTERPRISE RESOURCE PLANNING (ERP) MARKET SIZE & OPPORTUNITIES
  - 9.1.5.4. SPAIN
  - 9.1.5.4.1. SPAIN ENTERPRISE RESOURCE PLANNING (ERP) MARKET SIZE & OPPORTUNITIES
  - 9.1.5.5. ITALY
  - 9.1.5.5.1. ITALY ENTERPRISE RESOURCE PLANNING (ERP) MARKET SIZE & OPPORTUNITIES
  - 9.1.5.6. FINLAND
  - 9.1.5.6.1. FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET SIZE & OPPORTUNITIES
  - 9.1.5.7. SWEDEN
  - 9.1.5.7.1. SWEDEN ENTERPRISE RESOURCE PLANNING (ERP) MARKET SIZE & OPPORTUNITIES
  - 9.1.5.8. REST OF EUROPE
  - 9.1.5.8.1. REST OF EUROPE ENTERPRISE RESOURCE PLANNING (ERP) MARKET SIZE & OPPORTUNITIES

10. COMPETITIVE LANDSCAPE

10.1. KEY STRATEGIC DEVELOPMENTS
- 10.1.1. MERGERS & ACQUISITIONS
- 10.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 10.1.3. PARTNERSHIPS & AGREEMENTS
- 10.1.4. BUSINESS EXPANSIONS
10.2. COMPANY PROFILES
- 10.2.1. DESKERA HOLDINGS LTD
  - 10.2.1.1. COMPANY OVERVIEW
  - 10.2.1.2. PRODUCTS
  - 10.2.1.3. STRENGTHS & CHALLENGES
- 10.2.2. EPICOR SOFTWARE CORPORATION
  - 10.2.2.1. COMPANY OVERVIEW
  - 10.2.2.2. PRODUCTS
  - 10.2.2.3. STRENGTHS & CHALLENGES
- 10.2.3. INDUSTRIAL AND FINANCIAL SYSTEMS (IFS) AB
  - 10.2.3.1. COMPANY OVERVIEW
  - 10.2.3.2. PRODUCTS
  - 10.2.3.3. STRENGTHS & CHALLENGES
- 10.2.4. INFOR INC
  - 10.2.4.1. COMPANY OVERVIEW
  - 10.2.4.2. PRODUCTS
  - 10.2.4.3. STRENGTHS & CHALLENGES
- 10.2.5. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
  - 10.2.5.1. COMPANY OVERVIEW
  - 10.2.5.2. PRODUCTS
  - 10.2.5.3. STRENGTHS & CHALLENGES
- 10.2.6. IQMS (ACQUIRED BY DASSAULT SYSTEMES)
  - 10.2.6.1. COMPANY OVERVIEW
  - 10.2.6.2. PRODUCTS
  - 10.2.6.3. STRENGTHS & CHALLENGES
- 10.2.7. MICROSOFT CORPORATION
  - 10.2.7.1. COMPANY OVERVIEW
  - 10.2.7.2. PRODUCTS
  - 10.2.7.3. STRENGTHS & CHALLENGES
- 10.2.8. ORACLE CORPORATION
  - 10.2.8.1. COMPANY OVERVIEW
  - 10.2.8.2. PRODUCTS
  - 10.2.8.3. STRENGTHS & CHALLENGES
- 10.2.9. PLEX SYSTEMS INC (ACQUIRED BY FRANCISCO PARTNERS)
  - 10.2.9.1. COMPANY OVERVIEW
  - 10.2.9.2. PRODUCTS
  - 10.2.9.3. STRENGTHS & CHALLENGES
- 10.2.10. QAD INC
  - 10.2.10.1. COMPANY OVERVIEW
  - 10.2.10.2. PRODUCTS
  - 10.2.10.3. STRENGTHS & CHALLENGES
- 10.2.11. RAMCO SYSTEMS LIMITED (RSL)
  - 10.2.11.1. COMPANY OVERVIEW
  - 10.2.11.2. PRODUCTS
  - 10.2.11.3. STRENGTHS & CHALLENGES
- 10.2.12. SAP SE
  - 10.2.12.1. COMPANY OVERVIEW
  - 10.2.12.2. PRODUCTS
  - 10.2.12.3. STRENGTHS & CHALLENGES
- 10.2.13. SYSPRO (PTY) LTD
  - 10.2.13.1. COMPANY OVERVIEW
  - 10.2.13.2. PRODUCTS
  - 10.2.13.3. STRENGTHS & CHALLENGES
- 10.2.14. THE SAGE GROUP PLC
  - 10.2.14.1. COMPANY OVERVIEW
  - 10.2.14.2. PRODUCTS
  - 10.2.14.3. STRENGTHS & CHALLENGES
- 10.2.15. UNIT4
  - 10.2.15.1. COMPANY OVERVIEW
  - 10.2.15.2. PRODUCTS
  - 10.2.15.3. STRENGTHS & CHALLENGES
- 10.2.16. WORKDAY INC
  - 10.2.16.1. COMPANY OVERVIEW
  - 10.2.16.2. PRODUCTS
  - 10.2.16.3. STRENGTHS & CHALLENGES