Enterprise Software - United Kingdom

United Kingdom

Revenue in the Enterprise Software market is projected to reach €14.09bn in 2024.
Customer Relationship Management Software dominates the market with a projected market volume of €4.25bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 7.94%, resulting in a market volume of €19.13bn by 2028.
The average Spend per Employee in the Enterprise Software market is projected to reach €396.90 in 2024.
In global comparison, most revenue will be generated in the United States (€136.90bn 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 United Kingdom has been experiencing steady growth in recent years.

Customer preferences: As businesses continue to shift towards digitalization, there has been an increased demand for enterprise software solutions in United Kingdom. Companies are looking for software that can help them streamline their operations, increase efficiency, and reduce costs. Cloud-based solutions have become particularly popular as they offer flexibility, scalability, and cost-effectiveness.

Trends in the market: One of the key trends in the Enterprise Software market in United Kingdom is the rise of Software-as-a-Service (SaaS) solutions. SaaS has become the preferred delivery model for many businesses due to its low upfront costs, easy scalability, and automatic updates. Another trend is the integration of Artificial Intelligence (AI) and Machine Learning (ML) in enterprise software solutions. AI and ML can help businesses automate routine tasks, improve decision-making, and enhance customer experience.

Local special circumstances: Brexit has had a significant impact on the Enterprise Software market in United Kingdom. The uncertainty surrounding Brexit has led to a slowdown in investment and a decrease in business confidence. However, the UK government has been providing support to businesses by investing in digital infrastructure and promoting innovation. This has helped to mitigate some of the negative effects of Brexit on the Enterprise Software market.

Underlying macroeconomic factors: The UK economy has been growing steadily in recent years, which has helped to drive demand for enterprise software solutions. The country has a highly skilled workforce and a strong technology sector, which has made it an attractive location for software companies. Additionally, the UK government has been investing in digital infrastructure and promoting innovation, which has helped to create a favorable environment for 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.