target audience: TECH SUPPLIER Publication date: Jul 2023 - Document type: Market Forecast - Doc Document number: # EUR149516823
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