Europe Business Plan Software Market Size and Competitive Analysis by 2027

The business plan software market in Europe is expected to grow from US$ 13949.51 Mn in 2019 to US$ 26099.06 Mn by 2027; it is estimated to grow at a CAGR of 8.54% from 2020 to 2027.

The Germany, UK, France, Italy, Russia, and Rest of Europe are major economies in Europe. The cost-effectiveness of business plan software over services has rises over the past few years. Owing to the cost-effectiveness of the solutions, the demand for business plan software is surging among SMEs and start-ups. With the rise in technology-based business plan solutions, several emerging businesses are opting business planning tools, which helps the business owners with an appropriate outlook of their upcoming businesses. Drafting a business plan is a very crucial step for any business. From SMEs perspective, which are seeking funding, creating a business plan is a difficult task. Business plan software is less expensive compared to business plan writing service. The cost-effectiveness nature of business plan software is attracting a substantial number of business owners, which is catalyzing the growth of business plan software market. The majority of the traction in the business plan software market is generated from the developed countries with a higher number of emerging businesses. In developed countries, the availability of capital investment is easy from private investors as well as public investors. Owing to this factor, the start-ups evolving in the developing countries are increasingly emphasizing on opting service providers offering business plans using the software, which in turn is driving the Europe business plan software market. Thus the growth in the cost-effectiveness of business plan software over services is expected to create a significant demand for business plan software in the coming years, which is further anticipated to drive the market in Europe. Moreover, 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.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the business plan software market. The Europe business plan software market is expected to grow at a good CAGR during the forecast period. While there are diverse viewpoints on the damage, which COVID-19 may cause, the fact remains that COVID-19 is spreading rapidly. New cases are rising in all countries in Europe. Though the impacts on diverse businesses are well-known, the technology sector is also facing the largest disruption in recent remembrance.

Europe Business Plan Software Market Segmentation

Europe Business Plan Software Market – By Platform

• iOS
• Windows
• Others

Europe Business Plan Software Market – By Deployment Type

• On-Premise
• Cloud

Europe Business Plan Software Market – By Subscription Type

• One-Time
• Monthly
• Annual

Europe Business Plan Software Market – By Country

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

Europe Business Plan Software Market - Companies Mentioned

• The Business Plan Shop Ltd.
• Palo Alto Software, Inc.
• PlanGuru, LLC

Europe Business Plan Software Report Scope