Russia Enterprise Resource Planning (ERP) Market Overview, 2029

The Russian Enterprise Resource Planning (ERP) market is undergoing a significant cultural transformation, with various developing trends. The government's import substitution policies have encouraged the emergence of homegrown ERP solutions, which are becoming increasingly popular in public procurement. This strategic strategy has significantly increased Russian suppliers' market share, indicating a trend toward self-reliance and supporting local innovation. Furthermore, there is a rising emphasis on user-friendliness in ERP systems, with Russian solutions distinguished by intuitive interfaces customised to the specific needs of local firms, including compliance with complex tax legislation. Russia distinguishes out among Eastern Europe's Enterprise Resource Planning (ERP) marketplaces due to its larger concentration of domestic players. While Eastern Europe's ERP industry is diverse, Russia's indigenous vendors dominate. On the contrary, Western Europe has a mature market with a diverse range of global and domestic ERP vendors. This maturity not only provides a broader range of ERP solutions, but it also shows a better developed ecosystem for ERP setup and maintenance services. According to the research report “Russia Enterprise Resource Planning (ERP) Market Overview, 2029," published by Bonafide Research, the Russia Enterprise Resource Planning (ERP) market was valued more than USD 1.70 Billion in 2023. Several factors and obstacles define the Russian Enterprise Resource Planning (ERP) market. The desire for increased operational efficiency, as well as data security concerns about overseas providers, are major factors driving the use of domestic ERP solutions. Furthermore, the government's effort for import substitution programs boosts demand for local products. However, issues such as connecting with legacy systems, a paucity of experienced individuals for implementation and maintenance, and negotiating the ever-changing regulatory framework provide substantial obstacles for both vendors and organisations operating in this industry. Overcoming these issues is critical for the Russian ERP sector's long-term growth and innovation. The legislative and regulatory landscape have a substantial impact on the evolution of the Russian Enterprise Resource Planning (ERP) market. Strict data security requirements in the country make foreign cloud-based ERP solutions less enticing to enterprises, opening up chances for domestic providers to provide compliant alternatives. Furthermore, many businesses may demand specialised ERP system certifications, limiting vendor possibilities and emphasising regulatory compliance during the selection process. Navigating these legislative complexities is critical for ERP suppliers looking to build a presence in the Russian market and meet the varying needs of enterprises from various industries.

ERP solutions encompass comprehensive software systems designed to integrate and streamline various business processes within organisations. These systems typically include modules for finance & accounting, sales & marketing, operations, and other functions. The finance & accounting module aids in recording, monitoring, and analysing financial transactions, ensuring compliance and providing visibility into financial performance. Sales & marketing modules optimise sales pipelines, track leads, automate campaigns, and analyse customer data. Operations modules manage production planning, inventory, procurement, supply chain, manufacturing, and quality control. These solutions can be deployed on-premise, where the software and infrastructure are maintained locally, or in the cloud, hosted on remote servers. End-users across industries like manufacturing, IT & telecom, transportation & logistics, retail & consumer goods, BFSI, healthcare & life sciences, and others benefit from ERP systems tailored to their specific needs, facilitating efficient operations and improved business outcomes. The increasing environment of Small and Medium-sized Businesses (SMBs) in Russia provides an exciting opportunity for ERP vendors to expand their operations. With a considerable increase in the number of SMBs across all industries, there is a significant growth opportunity for suppliers providing Enterprise Resource Planning (ERP) systems customised to the demands of these companies. The dynamic nature of Russia's SMB sector emphasises the significance for ERP suppliers to tailor their services to meet the changing needs and tastes of this developing market segment. The advent of the Covid-19 epidemic caused considerable changes in commercial activities around the world, including Russia. As firms quickly adapted to remote work patterns, the adoption of cloud-based ERP solutions increased significantly. This move highlighted the significance of flexible and accessible ERP solutions that can support remote collaboration and business continuity. The pandemic-induced changes prompted many Russian organisations to adopt cloud-based ERP solutions, seeing their potential to enable distant operations and assure resilience in the face of disruptions. As a result, the Covid-19 outbreak accelerated the implementation of cloud-based ERP systems in Russia, signalling a watershed point in the region's ERP adoption patterns. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Enterprise Resource Planning (ERP) market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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Prashant Tiwari

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By Offerings • Solutions • Services By Business Function • Finance & Accounting • Sales & Marketing • Operations • Others By Development • Cloud • On-premise

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By End User • Manufacturing • IT & Telecom • Transportation & Logistics • Retail & Consumer Goods • BFSI • Healthcare & Life Sciences • Others The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Enterprise Resource Planning (ERP) industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.