Market Insights Technology Software Enterprise Software

Enterprise Resource Planning Software - Denmark

Denmark

Revenue in the Enterprise Resource Planning Software market is projected to reach US$297.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.44%, resulting in a market volume of US$340.70m by 2028.
The average Spend per Employee in the Enterprise Resource Planning Software market is projected to reach US$97.82 in 2024.
In global comparison, most revenue will be generated in the United States (US$26,440.00m in 2024).

Key regions: Australia, South Korea, China, United States, Japan

Market

Region

Region comparison

Currency

Analyst Opinion

Denmark, a country known for its high standard of living and strong welfare system, has seen a steady growth in the Enterprise Resource Planning (ERP) software market.

Customer preferences: Danish companies have shown a preference for cloud-based ERP solutions due to their flexibility and scalability. This allows companies to easily adjust their software needs as their business grows or changes. Additionally, there is a growing demand for ERP solutions that integrate with other business software such as customer relationship management (CRM) and supply chain management (SCM) systems.

Trends in the market: One trend in the Danish ERP market is the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies. These technologies can help companies automate routine tasks, improve decision-making processes, and provide more accurate forecasting. Another trend is the rise of mobile ERP solutions, which allow employees to access real-time data and perform tasks remotely.

Local special circumstances: Denmark has a highly skilled workforce and a strong focus on sustainability, which has led to an emphasis on green technology and renewable energy solutions. This has also influenced the ERP market, with companies seeking solutions that can help them reduce waste and improve energy efficiency. Additionally, Denmark has a strong tradition of cooperation between businesses and the government, which has led to a supportive regulatory environment for ERP software adoption.

Underlying macroeconomic factors: Denmark has a stable economy with a high GDP per capita, which has contributed to a favorable business environment for ERP software providers. Additionally, the country has a well-developed IT infrastructure and a high level of digitalization, which has made it easier for companies to adopt new technologies. Finally, Denmark's position as a member of the European Union has facilitated trade and business partnerships with other countries, which has helped to drive growth in the ERP 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.