Enterprise Software - Czechia

Czechia

Revenue in the Enterprise Software market is projected to reach US$753.70m in 2024.
Customer Relationship Management Software dominates the market with a projected market volume of US$221.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.18%, resulting in a market volume of US$958.00m by 2028.
The average Spend per Employee in the Enterprise Software market is projected to reach US$139.90 in 2024.
In global comparison, most revenue will be generated in the United States (US$147.60bn in 2024).

Key regions: Germany, United States, Canada, Netherlands, France

Definition:

The Enterprise Software market covers software applications designed to support essential business activities by large organizations such as enterprise resource planning, customer relationship management, business intelligence, and supply chain management.

Products in the Enterprise Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Structure:

The Enterprise Software market contains eight markets that are based on the functionality of the software:

Business Intelligence Software refers to software applications that support organizations to analyze, visualize, and report data.
Content Management Software refers to a wide range of software applications that support organizations to manage their digital content such as documents, images, and videos.
Customer Relationship Management Software refers to software applications that support organizations to manage their interactions with customers, clients, and prospects.
eCommerce Software refers to a wide range of software applications that support organizations to manage their online sales channels.
Enterprise Performance Management Software refers to software solutions that help organizations to manage and improve their performance across various areas, such as finance, operations, and strategy.
Enterprise Resource Planning Software refers to software applications that support organizations to manage, integrate and optimize important business activities related to resources such as people, finance, capital, materials, and orders.
Supply Chain Management Software refers to software applications that support organizations to manage their supply chain activities such as inventory optimization, supplier and vendor management, and logistic operations.
Other Enterprise Software refers to aggregated revenues for the types of enterprise software that are not specifically mentioned in the other Enterprise Software markets, such as Project Management Software, Product Life Cycle Management Software, and Production and Operation Software.

Additional Information:

The Enterprise Software market comprises revenue and revenue growth as the key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in this market include SAP, Salesforce, Adobe, and Oracle.

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Analyst Opinion

The Enterprise Software market in Czechia is experiencing steady growth in recent years, driven by the increasing demand for cloud-based solutions and digital transformation across various industries.

Customer preferences: Czech companies are increasingly recognizing the importance of digital transformation and are investing in enterprise software to streamline their business processes and improve operational efficiency. Cloud-based solutions are becoming increasingly popular due to their flexibility and scalability, allowing businesses to easily adjust their software needs as their business grows. Additionally, there is a growing demand for software solutions that can be integrated with existing systems, allowing for seamless data exchange and collaboration across departments.

Trends in the market: One of the key trends in the Enterprise Software market in Czechia is the increasing adoption of Software as a Service (SaaS) solutions. SaaS solutions are becoming increasingly popular among small and medium-sized businesses due to their affordability and flexibility. Additionally, there is a growing trend towards the adoption of Artificial Intelligence (AI) and Machine Learning (ML) technologies in enterprise software, which are being used to automate various business processes and improve decision-making.Another trend in the market is the increasing focus on cybersecurity. With the increasing number of cyber threats, businesses are becoming more aware of the need for robust security measures to protect their data and systems. This has led to an increased demand for software solutions that offer advanced security features and are compliant with data protection regulations.

Local special circumstances: Czechia has a strong tradition of engineering and manufacturing, which has led to the development of a thriving IT industry. The country has a highly skilled workforce and a favorable business environment, which has attracted many international companies to establish their operations in the country. This has created a highly competitive market for enterprise software solutions, with both local and international vendors vying for market share.

Underlying macroeconomic factors: The Czech economy has been growing steadily in recent years, with a stable political environment and a favorable business climate. The country has a highly educated workforce and a strong tradition of innovation, which has helped to drive growth in the IT sector. Additionally, the government has been actively promoting the adoption of digital technologies, which has created a supportive environment for the growth of the Enterprise Software market.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.