target audience: TECH SUPPLIER Publication date: Jul 2022 - Document type: Market Forecast - Doc Document number: # EUR147860722
Europe Enterprise Resource Management Applications Market Forecast, 2022–2026
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Abstract
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