Key regions: Australia, South Korea, China, United States, Japan
The Enterprise Resource Planning (ERP) Software market in Jordan is experiencing a steady growth in recent years, driven by a combination of customer preferences, local special circumstances, and underlying macroeconomic factors.
Customer preferences: Jordanian businesses are increasingly adopting ERP software solutions to improve their operational efficiency and streamline their business processes. This is due to the growing awareness of the benefits of ERP software, including increased productivity, better decision-making, and cost savings. Additionally, businesses are shifting towards cloud-based ERP solutions due to their flexibility, scalability, and ease of use.
Trends in the market: The ERP software market in Jordan is witnessing a shift towards cloud-based solutions, as more businesses are adopting cloud technology to enhance their operations. This trend is driven by the increasing availability of high-speed internet connectivity and the need for businesses to access their data from anywhere, anytime. Moreover, the demand for mobile ERP solutions is on the rise, as businesses are looking for more flexibility and mobility in their operations.
Local special circumstances: Jordan is a rapidly developing country with a growing economy and a thriving business sector. The country's strategic location and stable political environment make it an attractive destination for foreign investors, leading to the establishment of many new businesses in the country. Additionally, the government's efforts to modernize the economy and improve the business environment have created a favorable environment for the adoption of ERP software solutions.
Underlying macroeconomic factors: The ERP software market in Jordan is influenced by several macroeconomic factors, including the country's GDP growth, inflation rate, and foreign investment. The country's GDP growth has been steady in recent years, driven by the growth of the services sector, which includes the IT industry. Moreover, the government's efforts to attract foreign investment have led to the establishment of many new businesses in the country, creating a growing demand for ERP software solutions. However, the high inflation rate in the country poses a challenge to businesses, as it increases their operating costs and reduces their purchasing power.
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.
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