Market Insights Technology Software Enterprise Software

Other Enterprise Software - Czechia

Czechia

Revenue in the Other Enterprise Software market is projected to reach US$178.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.44%, resulting in a market volume of US$212.40m by 2028.
The average Spend per Employee in the Other Enterprise Software market is projected to reach US$33.14 in 2024.
In global comparison, most revenue will be generated in the United States (US$34,310.00m in 2024).

Key regions: United States, Netherlands, Australia, South Korea, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

The Other Enterprise Software market in Czechia has been experiencing growth in recent years, driven by several factors.

Customer preferences: Czech businesses are increasingly adopting cloud-based enterprise software solutions, which offer greater flexibility and scalability compared to on-premise solutions. Additionally, there is a growing demand for software that can integrate with other business systems and automate processes to improve efficiency.

Trends in the market: One of the key trends in the Other Enterprise Software market in Czechia is the adoption of Software-as-a-Service (SaaS) solutions. This trend is driven by the benefits of cloud-based solutions, including lower costs, easier scalability, and greater accessibility. Another trend is the increasing use of artificial intelligence (AI) and machine learning (ML) in enterprise software to automate processes and improve decision-making.

Local special circumstances: The Czech Republic has a strong tradition of software development, with a highly skilled workforce and a growing startup ecosystem. This has led to the emergence of several successful enterprise software companies, such as Avast and JetBrains. Additionally, the country's central location in Europe and its membership in the European Union make it an attractive location for businesses looking to expand into the region.

Underlying macroeconomic factors: The Czech Republic has experienced strong economic growth in recent years, with a stable political environment and a relatively low cost of living compared to other European countries. This has led to a growing middle class and increased consumer and business spending. Additionally, the country has a well-developed infrastructure and a highly educated workforce, which makes it an attractive location for businesses looking to invest in technology and innovation.

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.