PUBLISHER: IDC | PRODUCT CODE: 1099227
PUBLISHER: IDC | PRODUCT CODE: 1099227
Europe Enterprise Resource Management Applications Market Forecast, 2021-2026
This IDC Market Forecast analyzes and sizes the European ERM applications market for 2019-2021, with a forecast of market development for 2022-2026. The study segments the ERM applications market by functional market (eight markets), deployment model (SaaS and on premises), and country. "The European ERM applications market is recovering from the disruption caused by the COVID-19 pandemic, with 7.9% growth in 2021. While this growth is encouraging compared with 2020, the market still has not reached pre-pandemic (2019) levels. A key trend that was driving the market in 2021 and will continue to do so is the desire for many organizations to fight off the impact of 'the great resignation' by investing in cross-functional digital transformation projects and the desire to build more resilient business process capable of enduring events of that kind. IDC expects the Russia-Ukraine War to drastically impact the Russian ERM market, with a significant but lesser impact on the CEE and WE regions." - Research Manager Ivan OZ, IDC Europe
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
- Enrich Your Cloud Product Portfolio and Help Customers Migrate to SaaS Product Versions
- Recognize Different ERM Modernization Journeys
- Focus on User Experience - the Key to Adoption and Customer Satisfaction
- Invest in the Ecosystem and Embrace Collaboration
- Think About Vertical Expertise and Scale
Market Forecast
- European ERM Applications Revenues, 2019-2021
- 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
- Asset Management Applications Forecast by Region and Country
- Enterprise Performance Management Applications Forecast by Region and Country
- Financial Applications Forecast by Region and Country
- Human Capital Management 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
- Project Portfolio Management Applications Forecast by Region and Country
Market Context
- Drivers and Inhibitors
- Drivers
- Digital Transformation Back on the Table
- Role-Based Spending and New Initiatives
- Public Cloud Services Strength
- Inflation
- Inhibitors
- International Instability
- Drivers
- Significant Market Developments
- Changes from Prior Forecast
Market Definition
Methodology
- Forecast Information Sources
- Forecasting Process
- Company-Level Data Collection
- Exchange Rates
Related Research
