According to a new market research report published by Transparency Market Research, titled ‘SAP Digital Services Ecosystem Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global SAP digital services ecosystem market is projected to expand at a CAGR of 7.9% during the forecast period. According to the report, the global market would continue to be influenced by a range of macroeconomic and market-specific factors, such as increasing complexity of customer, sales and other operational data of SMEs as well as large enterprises.
Advantages offered by SAP digital services and increased adoption of ERP and CRM solutions across small and medium enterprises (SMEs) are expected to boost the global SAP digital services ecosystem market in the next few years.
Europe market to witness prominent growth, followed by Asia Pacific
In terms of revenue, Europe accounted for a significant share of the global SAP digital services ecosystem market in 2018. The region witnesses presence of a large number of SAP partners, due to increase in the adoption of SAP ERP solutions by small and medium enterprises (SMEs) throughout the region. The market in Asia Pacific is anticipated to witness prominent growth during the forecast period, owing to increasing adoption of on-premise and cloud-based SAP solutions in major economies in the region such as India and China. Moreover, penetration of SAP digital services is significantly low in countries of Asia than those in Europe, due to high costs associated with SAP solutions and services. However, with the increasing adoption of SAP solutions by small and medium enterprises in the region, penetration of SAP services in Asia Pacific is anticipated to increase during the forecast period.