Europe Business Plan Software Market is expected to reach US$ 26099.06 Mn by 2027

Annual Subscription to Dominate Europe Business Plan Software Market during 2019–2027

According to The Insight Partners market research study on “Europe Business Plan Software Market Forecast to 2027 – COVID-19 Impact and Analysis and Forecast by Platform, Deployment Type, and Subscription Type” is expected to reach US$ 26099.06 Mn by 2027 from US$ 13949.51 Mn in 2019. The market is estimated to grow at a CAGR of 8.54% from 2020 to 2027. The report provides trends prevailing in the Europe business plan software market along with the drivers and restraints pertaining to the market growth. Cost-effectiveness of business plan software over services is the major factor driving the growth of the Europe business plan software market. However, reliability on traditional business planning tools hinder the growth of Europe business plan software market. Additionally, In Europe, Italy is the hardest-hit country by the coronavirus outbreak, followed by UK. In April 2020, the UK government announced plans for a new “Future Fund” intended to ensure high-growth companies — namely, startups, across the country, receive enough investment to remain workable during the COVID 19 crisis. The UK government has announced a ~US$ 606 million fund co-investment fund as well as ~US$ 910 million in grants and loans through the UK innovation agency. Also, France government announced ~US$ 4.32 billion package for startups comprising bridge funding, state guarantees for loans as well as tax breaks in March.

The market for business plan software market is segmented into platform, deployment type, subscription type, and country. Based on platform, the market is segmented into iOS, windows, and others. In 2019, the others segment held the largest share in Europe business plan software market. On the basis of deployment type the market is divided into cloud, and on-premise. The cloud segment accounts for largest market share in the 2019. Similarly, based on subscription type the market is segmented into one-time, monthly, and annual. The annual subscription segment contributed a substantial share in 2019. Furthermore, in Europe, Italy is the worst-hit country by the coronavirus outbreak. As Spain, Italy, Germany, and France recorded the highest number of confirmed coronavirus cases and the number of deaths on a daily basis are growing at an alarming rate. The country is expected to suffer an economic loss due to a lack of revenue from various industries and supply chain disruptions. Other member states are also implementing drastic measures and travel restrictions to contain the social and financial damage, including border shutdowns and business lockdowns. This outbreak is anticipated to impact market growth of predictive vehicle technology in Europe in the short term, especially in Italy and Spain.

The Business Plan Shop Ltd., Palo Alto Software, Inc., and PlanGuru, LLC are among the leading companies in the Europe business plan software market.

                                                          Europe Business Plan Software Market, By Country, 2019 and 2027 (%)

Business Plan Software Market – By Platform

• iOS
• Windows
• Others

Business Plan Software Market – By Deployment Type

• On-Premise
• Cloud

Business Plan Software Market – By Subscription Type

• One-Time
• Monthly
• Annual

Business Plan Software Market – By Country

• Germany
• UK
• France
• Italy
• Russia
• Rest of Europe