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

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from $1,500	117 Pages	Triton Market Research	June, 2024	TRTN18869338

Best Price Guarantee
Price	from $1,500
Length	117 Pages
Publisher	Triton Market Research
Published Date	June, 2024
SKU	TRTN18869338

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

Based on Triton’s report analysis, the Europe enterprise resource planning (ERP) market is estimated to witness growth in terms of revenue at a CAGR of 9.14% during the forecast years 2024-2032.

The enterprise resource planning (ERP) software market in Europe has been experiencing notable growth, driven by increased digitalization and the integration of digital technologies across various business sectors. In 2023, approximately 43.3% of enterprises in the region adopted ERP software. This adoption rate is particularly high in sectors such as information and communication, manufacturing, and utilities. Besides, the European Commission’s Digital Decade initiative highlights the importance of digital transformation for businesses, aiming for over 90% of SMEs to achieve a basic level of digital intensity by 2030. These statistics indicate a robust and growing market for ERP solutions in Europe.

The countries reviewed comprise the UK, Germany, France, Spain, Italy, and Rest of Europe.

Germany dominates the regional market, obtaining around $3.19 billion in 2023

As per International Trade Administration (ITA), Germany boasts one of the largest ICT markets in the world, with the sector’s revenue surging to an estimated $141.6 billion in 2023. Substantial government initiatives like the Digital Agenda and the National Digital Strategy 2025 support this growth.

This includes enhancing digital infrastructure, promoting digital workplaces, and ensuring cybersecurity. These initiatives foster a conducive environment for ERP adoption as businesses seek to streamline operations.

The nation’s economy is the fourth largest globally, accounting for about 24.9% of the European Union’s GDP in 2022, as stated by ITA. This drives the demand for efficient ERP software solutions to manage complex business processes and enhance productivity.

Market Forecast for the United Kingdom

The enterprise resource planning market in the United Kingdom has shown significant growth, driven by the increasing need for digital transformation across various industries. According to the Office for National Statistics, several UK businesses are prioritizing technological investments, including ERP systems, to streamline operations and reduce overheads. In May 2024, around 19% of businesses reported adopting work-from-home as a permanent model, with approximately 51% of them citing decreased overheads as a major reason. This shift highlights the importance of integrated ERP systems in managing distributed workforces and maintaining operational coherence.

The market is segmented based on deployment, enterprise size, vertical, and application. Based on deployment type, it is divided into cloud and on-premise.

Although most companies continue to rely on on-premises ERP software, the demand for cloud-based solutions is rapidly increasing. By opting for cloud-based ERP software, companies can update their systems without the need for new capital investments in ERP hardware and software for their data centers. Instead, they subscribe to the ERP services provided by the cloud vendor on a monthly basis. Furthermore, cloud-based systems enhance collaboration by testing the structure and stability of applications, as well as collecting and consolidating data essential for the security and coordination of business processes.

The well-known companies in the market comprise SAP SE, Oracle Corporation, QAD Inc, Workday Inc, and Syspro Ltd.

SAP SE, headquartered in Walldorf, Germany, specializes in enterprise software solutions. It offers a range of services, including customer relationship management, data management, human capital management, and supply chain management. Its business segments cover asset management, commerce, finance, human resources, manufacturing, marketing, supply chain, engineering, and sustainability. Additionally, the company provides analytics, applications, mobile solutions, database management, cloud services, and technology operations. It serves diverse industries such as natural resources, financial services, public services, discrete manufacturing, energy, and consumer markets.

Latest from the Company:

In May 2024, SAP and AWS announced collaborated to revolutionize modern cloud ERP through generative AI, helping enterprises improve efficiencies.

1. Europe Enterprise Resource Planning Market - Summary
2. Industry Outlook: 2.1. Impact Analysis On The Enterprise Resource Planning Market; 2.1.1. Covid-19 Impact; 2.2. Porter’s Five Forces Analysis; 2.2.1. Threat Of New Entrants; 2.2.2. Threat Of Substitutes; 2.2.3. Bargaining Power Of Buyers; 2.2.4. Bargaining Power Of Suppliers; 2.2.5. Threat Of Competitive Rivalry; 2.3. Key Buying Impact Analysis; 2.3.1. Compatibility; 2.3.2. Cost-effectiveness; 2.3.3. Ease Of Use; 2.3.4. Security; 2.4. Key Market Strategies; 2.4.1. Contracts & Agreements; 2.4.2. Product Launches; 2.4.3. Acquisitions; 2.4.4. Business Divestments & Expansions; 2.5. Market Drivers; 2.5.1. Increasing Need To Develop Competitive Strategies And Real-time Decision Making; 2.5.2. Growing Demand For Efficiency; 2.5.3. Rapid Adoption Of Erp By Small And Medium-sized Enterprises (Smes); 2.6. Market Challenges; 2.6.1. Easy Availability Of Open-source Erp Software; 2.6.2. Rise In Common Vulnerabilities And Exposures (Cve); 2.6.3. Elevated Expenses Associated With Erp Solutions; 2.7. Market Opportunities; 2.7.1. Increase In Demand For Erp; 2.7.2. Integration Of Erp With Big Data And Internet Of Things (Iot); 2.8. Analyst Perspective
3. Europe Enterprise Resource Planning Market – By Enterprise Size: 3.1. Large Enterprises; 3.2. Medium Enterprises; 3.3. Small Enterprises
4. Europe Enterprise Resource Planning Market – By Deployment: 4.1. On-premise; 4.2. Cloud; 4.3. Hybrid
5. Europe Enterprise Resource Planning Market – By Application: 5.1. Finance; 5.2. Human Resource (Hr); 5.3. Supply Chain; 5.4. Customer Management; 5.5. Inventory Management; 5.6. Manufacturing Module; 5.7. Other Applications
6. Europe Enterprise Resource Planning Market – By Vertical: 6.1. Automotive; 6.2. Retail; 6.3. Manufacturing; 6.4. Banking, Financial Services, & Insurance (Bfsi); 6.5. Government; 6.6. It And Telecom; 6.7. Healthcare; 6.8. Military And Defense; 6.9. Other Verticals
7. Europe Enterprise Resource Planning Market – By Country Outlook: 7.1. United Kingdom; 7.1.1. United Kingdom Enterprise Resource Planning Market Forecast & Prospects; 7.2. Germany; 7.2.1. Germany Enterprise Resource Planning Market Forecast & Prospects; 7.3. France; 7.3.1. France Enterprise Resource Planning Market Forecast & Prospects; 7.4. Italy; 7.4.1. Italy Enterprise Resource Planning Market Forecast & Prospects; 7.5. Spain; 7.5.1. Spain Enterprise Resource Planning Market Forecast & Prospects; 7.6. Rest Of Europe; 7.6.1. Rest Of Europe Enterprise Resource Planning Market Forecast & Prospects
8. Competitive Landscape: 8.1. Epicor Software Corporation; 8.1.1. Overview; 8.1.2. Product Portfolio; 8.1.3. Key Strengths; 8.1.4. Key Challenges; 8.2. Ibm Corporation; 8.2.1. Overview; 8.2.2. Product Portfolio; 8.2.3. Key Strengths; 8.2.4. Key Challenges; 8.3. Ifs Ab; 8.3.1. Overview; 8.3.2. Product Portfolio; 8.3.3. Key Strengths; 8.3.4. Key Challenges; 8.4. Infor Inc; 8.4.1. Overview; 8.4.2. Product Portfolio; 8.4.3. Key Strengths; 8.4.4. Key Challenges; 8.5. Microsoft Corporation; 8.5.1. Overview; 8.5.2. Product Portfolio; 8.5.3. Key Strengths; 8.5.4. Key Challenges; 8.6. Oracle Corporation; 8.6.1. Overview; 8.6.2. Product Portfolio; 8.6.3. Key Strengths; 8.6.4. Key Challenges; 8.7. Qad Inc; 8.7.1. Overview; 8.7.2. Product Portfolio; 8.7.3. Key Strengths; 8.7.4. Key Challenges; 8.8. Sap Se; 8.8.1. Company Overview; 8.8.2. Product Portfolio; 8.8.3. Key Strengths; 8.8.4. Key Challenges; 8.9. Syspro Ltd; 8.9.1. Company Overview; 8.9.2. Product Portfolio; 8.9.3. Key Strengths; 8.9.4. Key Challenges; 8.10. Workday Inc; 8.10.1. Company Overview; 8.10.2. Product Portfolio; 8.10.3. Key Strengths; 8.10.4. Key Challenges
9. Research Methodology & Scope: 9.1. Research Scope & Deliverables; 9.2. Sources Of Data; 9.3. Research Methodology
Table List: Table 1: Europe Enterprise Resource Planning Market, By Country Outlook, 2024-2032 (In $ Million); Table 2: List Of Contracts & Agreements; Table 3: List Of Product Launches; Table 4: List Of Acquisitions; Table 5: List Of Business Divestments & Expansions; Table 6: Europe Enterprise Resource Planning Market, By Enterprise Size, 2024-2032 (In $ Million); Table 7: Europe Enterprise Resource Planning Market, By Deployment, 2024-2032 (In $ Million); Table 8: Europe Enterprise Resource Planning Market, By Application, 2024-2032 (In $ Million); Table 9: Europe Enterprise Resource Planning Market, By Vertical, 2024-2032 (In $ Million); Table 10: Europe Enterprise Resource Planning Market, By Country Outlook, 2024-2032 (In $ Million)
Figure List: Figure 1: Key Buying Impact Analysis; Figure 2: Europe Enterprise Resource Planning Market, By Enterprise Size, 2023 & 2032 (In %); Figure 3: Europe Enterprise Resource Planning Market, By Large Enterprises, 2024-2032 (In $ Million); Figure 4: Europe Enterprise Resource Planning Market, By Medium Enterprises, 2024-2032 (In $ Million); Figure 5: Europe Enterprise Resource Planning Market, By Small Enterprises, 2024-2032 (In $ Million); Figure 6: Europe Enterprise Resource Planning Market, By Deployment, 2023 & 2032 (In %); Figure 7: Europe Enterprise Resource Planning Market, By On-premise, 2024-2032 (In $ Million); Figure 8: Europe Enterprise Resource Planning Market, By Cloud, 2024-2032 (In $ Million); Figure 9: Europe Enterprise Resource Planning Market, By Hybrid, 2024-2032 (In $ Million); Figure 10: Europe Enterprise Resource Planning Market, By Application, 2023 & 2032 (In %); Figure 11: Europe Enterprise Resource Planning Market, By Finance, 2024-2032 (In $ Million); Figure 12: Europe Enterprise Resource Planning Market, By Human Resource (Hr), 2024-2032 (In $ Million); Figure 13: Europe Enterprise Resource Planning Market, By Supply Chain, 2024-2032 (In $ Million); Figure 14: Europe Enterprise Resource Planning Market, By Customer Management, 2024-2032 (In $ Million); Figure 15: Europe Enterprise Resource Planning Market, By Inventory Management, 2024-2032 (In $ Million); Figure 16: Europe Enterprise Resource Planning Market, By Manufacturing Module, 2024-2032 (In $ Million); Figure 17: Europe Enterprise Resource Planning Market, By Other Applications, 2024-2032 (In $ Million); Figure 18: Europe Enterprise Resource Planning Market, By Vertical, 2023 & 2032 (In %); Figure 19: Europe Enterprise Resource Planning Market, By Automotive, 2024-2032 (In $ Million) 2024-2032 (In $ Million); Figure 20: Europe Enterprise Resource Planning Market, By Retail, 2024-2032 (In $ Million); Figure 21: Europe Enterprise Resource Planning Market, By Manufacturing, 2024-2032 (In $ Million); Figure 22: Europe Enterprise Resource Planning Market, By Banking, Financial Services, & Insurance (Bfsi), 2024-2032 (In $ Million); Figure 23: Europe Enterprise Resource Planning Market, By Government, 2024-2032 (In $ Million); Figure 24: Europe Enterprise Resource Planning Market, By It & Telecom, 2024-2032 (In $ Million); Figure 25: Europe Enterprise Resource Planning Market, By Healthcare, 2024-2032 (In $ Million); Figure 26: Europe Enterprise Resource Planning Market, By Military And Defense, 2024-2032 (In $ Million); Figure 27: Europe Enterprise Resource Planning Market, By Other Verticals, 2024-2032 (In $ Million); Figure 28: Europe Enterprise Resource Planning Market, By Country Outlook, 2023 & 2032 (In %); Figure 29: United Kingdom Enterprise Resource Planning Market 2024-2032 (In $ Million); Figure 30: Germany Enterprise Resource Planning Market 2024-2032 (In $ Million); Figure 31: France Enterprise Resource Planning Market 2024-2032 (In $ Million); Figure 32: Italy Enterprise Resource Planning Market 2024-2032 (In $ Million); Figure 33: Spain Enterprise Resource Planning Market 2024-2032 (In $ Million); Figure 34: Rest Of Europe Enterprise Resource Planning Market 2024-2032 (In $ Million)