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European ERM Applications Forecast, 2022–2027: Cloud on the Rise

Publisher IDC
Published Jul 27, 2023
Length 33 Pages
SKU # IDC18089950

Description

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

Please Note: Extended description available upon request.

Table of Contents

33 Pages
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
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
Related Research

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