Market Insights Technology Software Enterprise Software

Enterprise Resource Planning Software - Ukraine

Ukraine

Revenue in the Enterprise Resource Planning Software market is projected to reach US$254.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 40.19%, resulting in a market volume of US$983.00m by 2028.
The average Spend per Employee in the Enterprise Resource Planning Software market is projected to reach US$13.54 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

Enterprise Resource Planning Software is an essential tool that facilitates businesses to manage their operations more efficiently and effectively. Ukraine, a country in Eastern Europe, has been witnessing a rise in the demand for ERP software.

Customer preferences: Ukrainian businesses have been showing an inclination towards ERP software that can be customized as per their requirements. They prefer software that can be integrated with other applications and can be accessed remotely. Additionally, businesses in Ukraine are also looking for software that can help them manage their financials, supply chain, and human resources.

Trends in the market: The ERP software market in Ukraine is witnessing a growth in the adoption of cloud-based ERP systems. The cloud-based ERP systems are cost-effective and provide flexibility to businesses. The demand for mobile ERP applications is also increasing, as businesses want to access their data on-the-go. Moreover, the integration of artificial intelligence and machine learning in ERP software is also gaining traction in Ukraine.

Local special circumstances: The political and economic instability in Ukraine has led to businesses being cautious about their investments. Many businesses are hesitant to invest in expensive ERP software, which has led to an increase in demand for open-source ERP software. Additionally, the language barrier is also a factor that businesses consider while selecting ERP software. Ukrainian businesses prefer software that supports the Ukrainian language.

Underlying macroeconomic factors: The IT industry in Ukraine is growing at a rapid pace, and the demand for ERP software is expected to increase in the coming years. The Ukrainian government has been taking initiatives to promote the IT industry and has been providing tax incentives to businesses. The increase in foreign investment in the IT industry is also expected to boost the demand for ERP software. Furthermore, the growth of the e-commerce industry in Ukraine is also expected to drive the demand for ERP software.

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.