Abstract
In this study, IDC provides ERM applications market forecast data for Western
Europe. The Western European ERM applications market is segmented and forecast
by functional market category (financial accounting, human capital management,
procurement, payroll accounting, order management, financial performance and
strategy management applications, project and portfolio management, and
enterprise asset management), and country. IDC' s coverage of the ERM
applications market replaces the coverage of the enterprise resource planning
(ERP) applications market. The forecast is based on final annual data for 2007
and projects the market out to 2012.
Bo Lykkegaard, research director, European Enterprise Applications, said:
"Financial performance and strategy management applications and human capital
management applications are expected to grow with the strongest CAGRs between
2008 and 2012. Procurement applications and project and portfolio management
applications are also expected to grow with CAGRs higher than the ERM market
average. The other functional segments - financial accounting, payroll
accounting, order management, and enterprise asset management - will be less
dynamic with CAGRs lower than the ERM market average. Financial accounting and
payroll accounting are also the functional segments that are most mature and
saturated.
"The market drivers of these back-office applications include factors such
software as a service, or SaaS, corporate compliance, user experience
innovation, and midmarket demand. However, the single most important driver for
continued growth in the ERM space is the verticalization of ERM applications.
Matching industry-specific needs is the key to making European organizations
with costly, custom-built ERM solutions migrate to packaged software. With 1.7
custom-built solutions for every packaged product in Western Europe, this is an
opportunity worth pursuing."
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