High-end technological advancements in ERP are projected to create lucrative opportunities in the industry. An increase in the need for operational efficiency & transparency in business processes, rise in adoption of cloud & mobile applications during COVID-19 pandemic, and upsurge in demand for data-driven decision-making solutions fuel the Switzerland ERP market.
The ERP market in Switzerland was estimated at $451.06 million in 2020 and is expected to hit $1.27 billion by 2030, registering a CAGR of 11.0% from 2020 to 2030.
Key industry players – Infor, Microsoft Corporation, Oracle corporation, Protiviti Inc., SAP SE, IFS AB, Workday Inc., and SYSPRO.
The Switzerland ERP market is analyzed across components, deployment model, business function, industry vertical, and end-user. Based on components, the software segment contributed to around three-fifths of the total market share in 2020 and is anticipated to lead the trail by the end of 2030. The services segment, on the other hand, would cite the fastest CAGR of 11.9% during the forecast period.
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Based on deployment, the on-premise segment accounted for nearly three-fifths of the total market revenue in 2020 and is expected to dominate by 2030. The cloud segment, however, would cite the fastest CAGR of 13.1% throughout the forecast period.
Based on end-user, the large-enterprise segment held around three-fifths of the total market share in 2020 and is projected to maintain the lion’s share by 2030. The medium enterprise segment, at the same time, would exhibit the fastest CAGR of 12.2% from 2021 to 2030.
COVID-19 scenario-
- An increase in demand for cloud-based ERP software among several business verticals impacted the Switzerland ERP market positively.
- The fact that ERP software solutions played a vital role in keeping the entire business processes efficiently operating through various features such as remote access, digital data exchange, and automated reporting has boosted the market in more than one way.
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