Europe Business Software And Services Market Size & Outlook
Europe business software and services market, 2018-2030 (US$M)
Related Markets
Europe business software and services market highlights
- The Europe business software and services market generated a revenue of USD 132.1 million in 2023.
- The market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating solution in 2023.
- Services is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 132.1 million |
| Market revenue in 2030 | USD 283.4 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | EQT AB Ordinary Shares, Roper Technologies Inc, Epicor Software (Formerly Solarsoft Business Systems), International Business Machines Corp, Infor, Oracle Corp, Microsoft Corp, SAP SE ADR, Totvs SA ADR, SYSPRO |
Other key industry trends
- In terms of revenue, Europe region accounted for 25.1% of the global business software and services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 260.1 million by 2030.
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Business Software And Services Market Scope
Business Software And Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe business software and services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to business software and services market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 69.64% in 2023. Horizon Databook has segmented the Europe business software and services market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Leading vendors of CRM, ERP, and several solutions providers are taking initiatives such as merger & acquisition, partnership & collaboration, and new product launch, which enable digitalization of business processes and improve the customer experience in the European market.
The European Cloud Initiative launched by the European Union envisages providing a digital lead in the data-driven market to organizations willing to reap the benefits of cloud services. Such initiatives are expected to boost the demand for cloud-based business software and services in the region.
In U.K., business software developers are focusing on introducing new products leveraging extended capabilities from progressive technologies, such as the blockchain technology, conversational artificial intelligence (AI), and data analytics, which would allow enterprises to become more intelligent.
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Our clientele includes a mix of business software and services market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe business software and services market , including forecasts for subscribers. This continent databook contains high-level insights into Europe business software and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe business software and services market size, by country, 2018-2030 (US$M)
Europe Business Software And Services Market Outlook Share, 2023 & 2030 (US$M)
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