target audience: TECH SUPPLIER Publication date: Jul 2024 - Document type: Market Forecast - Doc Document number: # EUR151648424
European ERM Applications Forecast, 2024–2028
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Abstract
This IDC Market Forecast analyzes and sizes the European ERM applications market for the 2021–2023 period and forecasts market development between 2024 and 2028. The study segments the ERM applications market by functional market (eight markets), deployment model (SaaS and on premises), and country.
“The European ERM market has remained stable over the past three years despite various economic and geopolitical turbulences. Looking ahead, we anticipate dynamic growth driven by organizations' appetite for integrating new technologies into ERM environments, such as AI, generative AI, and automation. Additionally, there is a growing need for industry-specific solutions tailored to the unique needs of organizations. Furthermore, we expect the move to cloud ERM applications to accelerate as organizations increasingly shift from on-premises software to more modern, streamlined, and agile solutions." — Program Manager Edyta Kosowska, IDC Europe