Croatian Enterprise Application Software Market Continued to Decline in 2010, According to IDC
Zagreb, 13 June, 2011 – The Croatian enterprise application software (EAS) market continued to decline for the second year in 2010, with a total value of $37.54 million. Measured in U.S. dollars, the market contracted 7.3% year on year, while in local currency to drop was somewhat less severe, at 1.3%. According to a recent study by international marketing research firm IDC, the negative influence of the financial crisis that started in 2008 and a lack of large projects were the main reasons for the decline. IDC expects the Croatian EAS market to expand at a compound annual growth rate (CAGR) of 9.5% over the 2011–2015 forecast period to reach a value of $59.19 million in 2015. “The first signs of recovery are not expected to appear before the second half of 2011, and the Croatian EAS market will not rebound to pre-crisis levels before 2012,” says Ivan Juras, Associate Research Analyst, IDC Adriatics. “New delivery models such as cloud computing, software as a service (Saas), and mobility solutions will represent serious challenges for market vendors. Meanwhile, maintenance revenues from existing installations have become very important during the crisis and will continue to record growth in the subsequent recovery period.” In 2010, enterprise resource management (ERM) remained the leading segment in Croatia’s EAS market, constituting 65.2% of total spending. Supply chain management (SCM) came second, capturing 13.0% of the EAS market, while third-ranked operations and manufacturing modules (OMA) held 11.4% share. The retail sector remained the biggest spending vertical market in terms of EAS license and maintenance (L&M) revenue in Croatia in 2010, with 22.6% share. Wholesale was the only vertical among the top five to post growth and subsequently jumped to second position, with 13.5% share, while process manufacturing accounted for 9.6% of the market to take third position. SAP remained the top vendor on the Croatian EAS market in 2010. Microsoft placed second, followed by In2, Laus CC, and Oracle. The top five vendors’ combined L&M revenue accounted for more than half of Croatia’s total EAS market last year. IDC’s Croatia Enterprise Application Software 2011-2015 Forecast and 2010 Vendor Shares (IDC #ER02T) provides a detailed overview of the Croatian market for integrated EAS packaged software products. This study includes detailed qualitative and quantitative information, analyses and forecasts, as well as profiles of the top eight EAS vendors, including their EAS portfolios, presence in individual vertical markets, and largest contracts in 2010. For more information about IDC research or to purchase a report, please contact Ana Papez (apapez@idc.com, +385 1 30 40 050).
For more information, contact:
Vladimir Tax
vtax@idc.com
+420 2 2142 3140
