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Consumerization Drives ERM in Western Europe in 2014 as Market Continues to Grow, Says IDC

(PresseBox) (London, ) Two new studies from International Data Corporation (IDC) show how the ERM market in Western Europe is being reshaped by greater consumerization of ERM applications, the advent of 3rd Platform technologies, and the desire to get more value out of IT investments.

IDC's Western European ERM market forecast for 2015–2019 projects growth of 5.4% for the $14.5 billion market for the next year. The study shows that the Western European ERM market will continue to grow to 2019, driven by the increased impact of 3rd Platform technologies such as cloud, mobile, and social business, with considerable growth in public cloud deployments across functional markets when compared with on-premises solutions.

The study shows that growth rates in southern Europe still lag behind those in the rest of Europe as the region continues to struggle with the effects of the financial crisis. As more non-adopters and custom solution or spreadsheet-based users shift their attention and investments to the newest offerings, the ERM market in Western Europe will continue to grow with a projected CAGR of 5.1% to 2019.

IDC's 2014 market share study shows that the vendor landscape now pits the traditional behemoths against emerging "born-in-the-cloud" companies. SAP continued to dominate, taking a sixth of the total market (17.5%), well ahead of competitors such as Oracle and DATEV. A number of vendors, such as Workday, grew quickly in key segments and this could lead to further disruption in the market. Some segments, such as payroll accounting applications, are showing some maturity, but others, including human capital management, are seeing robust growth.

The studies — Western Europe ERM Applications Forecast, 2015–2019 (IDC #LC03X, July 2015) and Western Europe ERM Applications Market Shares, 2014 (IDC #LC04X, August 2015) — are available to purchase at www.idc.com.

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International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries worldwide. For more than 50 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.