EUROPE ENTERPRISE RESOURCE PLANNING MARKET 2022-2028
MARKET OUTLOOK
Triton Market Research’s report that the enterprise resource planning market in Europe will progress at a compound annual growth rate of 6.63% in revenue during 2022-2028. Germany, Russia, Italy, the United Kingdom, Spain, France, and the Rest of Europe form the market in this region.
French industries are heavily adopting cloud-based ERP software, contributing to the studied market’s growth. For instance, fixed-mobile telecom operator Orange merged its financial systems to enable its employees to perform higher-level work under its transformation program. Besides, Oracle NetSuite launched new product competencies and expanded its team across the country. Furthermore, SPIE France also employed IFS ERP software to implement across its subsidiaries. Therefore, the growing adoption of enterprise resource planning solutions will drive the market on a growth path.
On the other hand, Italy has been among the top ten countries to invest in cloud computing. This suggests that the market is expected to gain momentum in the upcoming years. Moreover, companies are strategizing to gain a competitive edge in the market. For instance, Extra Vision and Horsa entered into a partnership to transform their operations through ERP solutions. The deployment of cloud-based enterprise resource planning solutions has further advanced company operations on a large scale. Thus, as mentioned above, all these factors propel enterprise resource planning solutions on a large scale.
COMPETITIVE OUTLOOK
The key companies in the enterprise resource planning market include IBM Corporation, Infor Inc, Epicor Software Corporation, Deskera Holdings Ltd, Microsoft Corporation, Oracle Corporation, IQMS, and IFS AB.
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