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TECH SUPPLIER Jul 2019 - Market Forecast - Doc # EUR143955019

Western Europe ERM Applications Forecast, 2019-2023

By: Alexandros StratisResearch Manager, Erica SpinoniResearch Analyst, European Software

Abstract

This IDC Market Forecast analyzes and sizes the Western European ERM applications market for 2016-2018, with a forecast for 2019–2023. The study segments the ERM applications market by functional market (eight functional markets), deployment model (SaaS and on-premise), and country. This year's forecast replaces IDC's Western Europe ERM Applications Forecast, 2018–2022 (IDC #EMEA42676518, September 2018).

"The ERM applications market in Western Europe grew robustly in 2018 and shows signs of steady growth all the way to 2023. This is aided by continentwide DX initiatives, strong SMB interest in ERM solutions, and the need to rationalize and update aging back-office applications that no longer offer top-of-the-line functionality. Despite shadows of uncertainty in the region (e.g., Brexit), there is a recognized need for newer systems that will be intelligent, agile, and scalable, bringing together the benefits of the 3rd Platform," said Alexandros Stratis, research manager, European Enterprise Applications.


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