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Enterprise Resource Planning Software - Canada

Canada

In 2024, the projected revenue of the Enterprise Resource Planning Software market in Canada is expected to reach US$1.68bn.
It is anticipated that the market will experience a steady annual growth rate (CAGR 2024-2029) of 3.13%, leading to a market volume of US$1.96bn by 2029.
Moreover, the average Spend per Employee in the Canadian Enterprise Resource Planning Software market is estimated to be US$77.00 in 2024.
When compared globally, United States is expected to generate the highest revenue, amounting to US$26,700.00m in 2024.
"Canada's growing demand for Enterprise Resource Planning Software is driven by the need for streamlined business processes and increased operational efficiency."

Key regions: United Kingdom, China, Australia, Canada, United States

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Analyst Opinion

The Enterprise Resource Planning Software market in Canada has been experiencing steady growth over the past few years. Canadian businesses have been increasingly adopting ERP software to streamline their operations and improve their overall efficiency.

Customer preferences: Canadian businesses have been focusing on ERP software that offers cloud-based solutions, as it allows for remote access and real-time data management. This has become particularly important in the wake of the COVID-19 pandemic, as remote work has become the norm for many businesses. Additionally, Canadian businesses have been looking for ERP software that offers customizable solutions to fit their specific needs.

Trends in the market: One of the major trends in the ERP software market in Canada has been the increased adoption of mobile ERP solutions. This has allowed businesses to manage their operations on-the-go and has improved overall efficiency. Another trend has been the integration of artificial intelligence and machine learning into ERP software, which has allowed for more accurate data analysis and forecasting.

Local special circumstances: One of the unique aspects of the Canadian market is the bilingualism requirement. Many ERP software providers have had to adapt their solutions to accommodate both English and French languages. Additionally, Canadian businesses have been looking for ERP software that is compliant with Canadian data privacy regulations.

Underlying macroeconomic factors: The Canadian economy has been steadily growing, which has contributed to the growth of the ERP software market. Additionally, the Canadian government has been offering incentives for businesses to invest in technology, which has encouraged the adoption of ERP software. The increasing trend towards remote work has also contributed to the growth of the ERP software market, as businesses look for solutions that can be accessed from anywhere.

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.