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Report
Finland Enterprise Resource Planning (Erp) Market Forecast 2024-2032
Market Report I 2024-06-17 I 136 Pages I Inkwood Research
KEY FINDINGS
The Finland enterprise resource planning (ERP) market is estimated to grow with a CAGR of 9.05% across the forecasted period. The base year considered for the studied market is 2023, and the projection years are from 2024 to 2032.
MARKET INSIGHTS
The enterprise resource planning (ERP) market in Finland is experiencing steady growth, driven by the increasing need for businesses to streamline their operations and integrate various business functions. The market's notable expansion is attributed to the rising adoption of ERP systems by small and medium-sized enterprises (SMEs) as well as large enterprises across various industry verticals such as manufacturing, retail, and e-commerce.
Additionally, the increasing digitization across industries, which necessitates more efficient management of business processes and resources, further drives market growth. ERP systems help organizations enhance their operational efficiency, reduce costs, and improve decision-making by providing real-time insights into various business functions. Accordingly, the shift towards cloud-based ERP solutions in Finland is gaining momentum due to their scalability, cost-effectiveness, and ease of implementation compared to traditional on-premise systems.
Leading global ERP vendors, such as SAP, Microsoft, and Oracle, are actively expanding their presence in the Finnish market, offering tailored solutions to meet the specific needs of different industries. Moreover, the competitive landscape is marked by significant investments in research and development to integrate advanced technologies such as artificial intelligence (AI) and machine learning (ML) into ERP systems, further enhancing their capabilities. As businesses in Finland continue to prioritize digital transformation, the ERP market is expected to register significant growth during the forecast period, driven by innovation and the increasing demand for integrated business management solutions.
SEGMENTATION ANALYSIS
The Finland enterprise resource planning (ERP) market is segmented into deployment, enterprise size, business function, and end-user. The business function segment is further categorized into finance, human resource (HR), supply chain, customer management, inventory management, manufacturing module, and other business functions.
The customer management segment within the ERP market facilitates the management of all customer-facing business processes, including new customer acquisition, product configuration, order entry, post-sales service, and support. This module supports real-time order promising and allows customers to configure products, place orders, and check their status using only a web browser.
The growing adoption of the customer management module in ERP software is driven by its numerous benefits, such as increased customer loyalty and retention, enhanced salesforce and service productivity, improved responsiveness to changing demands, and reduced quote-to-delivery cycle times. This trend is particularly notable among small and medium-sized businesses seeking business growth and increased employee efficiency.
By ensuring accurate pricing, meeting material needs, and minimizing rework, the customer management module significantly improves customer satisfaction. Additionally, ERP software enables organizations to gain insights into customer behavior, buying trends, and other critical statistics, leading to increased sales and improved audience targeting.
COMPETITIVE INSIGHTS
Leading companies operating in the Finland enterprise resource planning (ERP) market are International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, etc.
Microsoft Corporation, headquartered in the United States, develops, licenses, and supports a wide range of software products and services. Its product offerings include operating systems, cross-device productivity applications, server applications, software development tools, business solution applications, desktop and server management tools, video games, and training and certification programs for computer system integrators as well as developers.
Microsoft markets, sells, and distributes its products through various channels, including original equipment manufacturers (OEMs), online media, distributors, resellers, Microsoft retail stores, and other partner channels. Additionally, the company provides cloud-based solutions, support, and consulting services, as well. Microsoft's operations span the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. COUNTRY SNAPSHOT- FINLAND
2.3. COUNTRY ANALYSIS - FINLAND
2.4. SCOPE OF STUDY
2.5. CRISIS SCENARIO ANALYSIS
2.5.1. IMPACT OF COVID-19 ON THE ENTERPRISE RESOURCE PLANNING (ERP) MARKET
2.6. MAJOR MARKET FINDINGS
2.6.1. RAPID ADOPTION OF ERP SOLUTIONS ACROSS SEVERAL INDUSTRIES
2.6.2. FOCUS ON DIGITAL TRANSFORMATION AND AUTOMATION
2.6.3. THE MARKET IS CHARACTERISED BY VENDOR COMPETITIVENESS AND DIVERSE OFFERINGS
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. THE INCREASING NEED FOR CONTINUOUS IMPROVEMENT AND OPERATIONAL EFFICIENCY IN BUSINESSES
3.1.2. RISING EMPHASIS ON COMPETITIVE STRATEGIES AND REAL-TIME DECISION MAKING
3.1.3. RAPID ADOPTION OF CLOUD-BASED ERP SOLUTIONS
3.2. KEY RESTRAINTS
3.2.1. HIGH COST OF ERP SOLUTIONS
3.2.2. SURGE IN OPEN-SOURCE ERP VENDORS
3.2.3. VULNERABILITIES IN ERP APPLICATIONS
4. KEY ANALYTICS
4.1. KEY MARKET TRENDS
4.1.1. THE INTEGRATION OF ERP WITH ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING IS GAINING TRACTION
4.1.2. SHIFT TOWARDS SUBSCRIPTION-BASED PRICING MODELS
4.1.3. GROWING POPULARITY OF MOBILE ERP APPLICATIONS AND PLATFORMS
4.1.4. SURGE IN DEMAND FOR INDUSTRY-SPECIFIC SOLUTIONS
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1. BUYERS POWER
4.2.2. SUPPLIERS POWER
4.2.3. SUBSTITUTION
4.2.4. NEW ENTRANTS
4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING - FINLAND
4.4. KEY BUYING CRITERIA
4.4.1. COMPATIBILITY
4.4.2. COST-EFFECTIVENESS
4.4.3. EASE OF USE
4.4.4. SECURITY
5. MARKET BY DEPLOYMENT
5.1. ON-PREMISE
5.1.1. MARKET FORECAST FIGURE
5.1.2. SEGMENTATION ANALYSIS
5.2. CLOUD
5.2.1. MARKET FORECAST FIGURE
5.2.2. SEGMENTATION ANALYSIS
5.3. HYBRID
5.3.1. MARKET FORECAST FIGURE
5.3.2. SEGMENTATION ANALYSIS
6. MARKET BY ENTERPRISE SIZE
6.1. LARGE ENTERPRISES
6.1.1. MARKET FORECAST FIGURE
6.1.2. SEGMENTATION ANALYSIS
6.2. MEDIUM ENTERPRISES
6.2.1. MARKET FORECAST FIGURE
6.2.2. SEGMENTATION ANALYSIS
6.3. SMALL ENTERPRISES
6.3.1. MARKET FORECAST FIGURE
6.3.2. SEGMENTATION ANALYSIS
7. MARKET BY BUSINESS FUNCTION
7.1. FINANCE
7.1.1. MARKET FORECAST FIGURE
7.1.2. SEGMENTATION ANALYSIS
7.2. HUMAN RESOURCE (HR)
7.2.1. MARKET FORECAST FIGURE
7.2.2. SEGMENTATION ANALYSIS
7.3. SUPPLY CHAIN
7.3.1. MARKET FORECAST FIGURE
7.3.2. SEGMENTATION ANALYSIS
7.4. CUSTOMER MANAGEMENT
7.4.1. MARKET FORECAST FIGURE
7.4.2. SEGMENTATION ANALYSIS
7.5. INVENTORY MANAGEMENT
7.5.1. MARKET FORECAST FIGURE
7.5.2. SEGMENTATION ANALYSIS
7.6. MANUFACTURING MODULE
7.6.1. MARKET FORECAST FIGURE
7.6.2. SEGMENTATION ANALYSIS
7.7. OTHER BUSINESS FUNCTIONS
7.7.1. MARKET FORECAST FIGURE
7.7.2. SEGMENTATION ANALYSIS
8. MARKET BY END-USER
8.1. AUTOMOTIVE
8.1.1. MARKET FORECAST FIGURE
8.1.2. SEGMENTATION ANALYSIS
8.2. RETAIL
8.2.1. MARKET FORECAST FIGURE
8.2.2. SEGMENTATION ANALYSIS
8.3. MANUFACTURING
8.3.1. MARKET FORECAST FIGURE
8.3.2. SEGMENTATION ANALYSIS
8.4. BANKING, FINANCIAL SERVICES & INSURANCE (BFSI)
8.4.1. MARKET FORECAST FIGURE
8.4.2. SEGMENTATION ANALYSIS
8.5. GOVERNMENT
8.5.1. MARKET FORECAST FIGURE
8.5.2. SEGMENTATION ANALYSIS
8.6. IT AND TELECOM
8.6.1. MARKET FORECAST FIGURE
8.6.2. SEGMENTATION ANALYSIS
8.7. HEALTHCARE
8.7.1. MARKET FORECAST FIGURE
8.7.2. SEGMENTATION ANALYSIS
8.8. MILITARY AND DEFENSE
8.8.1. MARKET FORECAST FIGURE
8.8.2. SEGMENTATION ANALYSIS
8.9. OTHER END-USERS
8.9.1. MARKET FORECAST FIGURE
8.9.2. SEGMENTATION ANALYSIS
9. COMPETITIVE LANDSCAPE
9.1. KEY STRATEGIC DEVELOPMENTS
9.1.1. MERGERS & ACQUISITIONS
9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
9.1.3. PARTNERSHIPS & AGREEMENTS
9.1.4. BUSINESS EXPANSIONS
9.2. COMPANY PROFILES
9.2.1. EPICOR SOFTWARE CORPORATION
9.2.1.1. COMPANY OVERVIEW
9.2.1.2. PRODUCTS
9.2.1.3. STRENGTHS & CHALLENGES
9.2.2. INDUSTRIAL AND FINANCIAL SYSTEMS (IFS) AB
9.2.2.1. COMPANY OVERVIEW
9.2.2.2. PRODUCTS
9.2.2.3. STRENGTHS & CHALLENGES
9.2.3. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
9.2.3.1. COMPANY OVERVIEW
9.2.3.2. PRODUCTS
9.2.3.3. STRENGTHS & CHALLENGES
9.2.4. MICROSOFT CORPORATION
9.2.4.1. COMPANY OVERVIEW
9.2.4.2. PRODUCTS
9.2.4.3. STRENGTHS & CHALLENGES
9.2.5. ORACLE CORPORATION
9.2.5.1. COMPANY OVERVIEW
9.2.5.2. PRODUCTS
9.2.5.3. STRENGTHS & CHALLENGES
9.2.6. SAP SE
9.2.6.1. COMPANY OVERVIEW
9.2.6.2. PRODUCTS
9.2.6.3. STRENGTHS & CHALLENGES
9.2.7. UNIT4
9.2.7.1. COMPANY OVERVIEW
9.2.7.2. PRODUCTS
9.2.7.3. STRENGTHS & CHALLENGES
9.2.8. WORKDAY INC
9.2.8.1. COMPANY OVERVIEW
9.2.8.2. PRODUCTS
9.2.8.3. STRENGTHS & CHALLENGES
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - ENTERPRISE RESOURCE PLANNING (ERP)
TABLE 2: DEVELOPMENT OF ENTERPRISE RESOURCE PLANNING (ERP)
TABLE 3: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY DEPLOYMENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY DEPLOYMENT, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 5: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY ENTERPRISE SIZE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 6: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY ENTERPRISE SIZE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 7: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY BUSINESS FUNCTION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 8: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY BUSINESS FUNCTION, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 9: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 10: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 11: LIST OF MERGERS & ACQUISITIONS
TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 14: LIST OF BUSINESS EXPANSIONS
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING- FINLAND
FIGURE 4: KEY BUYING CRITERIA
FIGURE 5: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, GROWTH POTENTIAL, BY DEPLOYMENT, IN 2023
FIGURE 6: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY ON-PREMISE, 2024-2032 (IN $ MILLION)
FIGURE 7: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY CLOUD, 2024-2032 (IN $ MILLION)
FIGURE 8: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY HYBRID, 2024-2032 (IN $ MILLION)
FIGURE 9: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, GROWTH POTENTIAL, BY ENTERPRISE SIZE, IN 2023
FIGURE 10: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY LARGE ENTERPRISES, 2024-2032 (IN $ MILLION)
FIGURE 11: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY MEDIUM ENTERPRISES, 2024-2032 (IN $ MILLION)
FIGURE 12: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY SMALL ENTERPRISES, 2024-2032 (IN $ MILLION)
FIGURE 13: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, GROWTH POTENTIAL, BY BUSINESS FUNCTION, IN 2023
FIGURE 14: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY FINANCE, 2024-2032 (IN $ MILLION)
FIGURE 15: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY HUMAN RESOURCE (HR), 2024-2032 (IN $ MILLION)
FIGURE 16: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY SUPPLY CHAIN, 2024-2032 (IN $ MILLION)
FIGURE 17: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY CUSTOMER MANAGEMENT, 2024-2032 (IN $ MILLION)
FIGURE 18: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY INVENTORY MANAGEMENT, 2024-2032 (IN $ MILLION)
FIGURE 19: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY MANUFACTURING MODULE, 2024-2032 (IN $ MILLION)
FIGURE 20: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY OTHER BUSINESS FUNCTIONS, 2024-2032 (IN $ MILLION)
FIGURE 21: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023
FIGURE 22: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY AUTOMOTIVE, 2024-2032 (IN $ MILLION)
FIGURE 23: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY RETAIL, 2024-2032 (IN $ MILLION)
FIGURE 24: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY MANUFACTURING, 2024-2032 (IN $ MILLION)
FIGURE 25: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY BANKING, FINANCIAL SERVICES & INSURANCE (BFSI), 2024-2032 (IN $ MILLION)
FIGURE 26: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY GOVERNMENT, 2024-2032 (IN $ MILLION)
FIGURE 27: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY IT AND TELECOM, 2024-2032 (IN $ MILLION)
FIGURE 28: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY HEALTHCARE, 2024-2032 (IN $ MILLION)
FIGURE 29: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY MILITARY AND DEFENSE, 2024-2032 (IN $ MILLION)
FIGURE 30: FINLAND ENTERPRISE RESOURCE PLANNING (ERP) MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)
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