Europe Business Plan Software Market Forecast to 2027 - COVID-19 Impact and Analysis by Platform (iOS, Windows, and Others); Deployment Type (On-Premise and Cloud); and Subscription Type (One-time, Monthly, and Annual)

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

The countries in Europe have been experiencing a rise in the number of start-ups since the last few years, and these companies are inclined toward adopting software-based solutions. Germany is one of the fastest-growing countries in this region, with a huge number of startups operating in it. As startups and SMEs are increasingly emphasizing on their business plans to estimate the ROI, as well as predict future of respective businesses, the demand for business planning software is on the rise. A business plan software analysis also enables the new business owners to understand the fundraising strategies and expansion policies. Additionally, the software-based business plans allow the end users to foresee problems and obstacles prior to their actual occurrence. The increasing awareness related to the benefits of business plan software in business start-ups among the new entrepreneurs in developing countries is resulting in the surge in number of companies offering business plan software in the region; this factor is driving the Europe business plan software market.

The annual subscription led the business plan software market based on subscription type in 2019. Numerous end users, including individual entrepreneurs and business planning consultancy firms, prefer opting for an annual subscription. The annual subscription models enable the individual entrepreneurs to evaluate their business growth over a span of a year. At the time of taking an annual subscription, end users are supported with endless upgrades in software, which allows them the end users with upgraded versions of the software with newer features and advanced security patches. From the business planning consultancy perspective, the annual subscription is beneficial to the fact that the consultancies cater to a massive customer base aiming at different industries with different business plans. Consultancies get higher volumes of business plan samples with an annual subscription, which helps them cater to the needs of their customers. In addition, increasing number of business plan software consultancies across the region is anticipated to bolster the market for the annual subscription segment. Also the COVID-19 pandemic has been devastating in Europe. UK has the higher number of confirmed cases of infection, followed by the Italy. The fast increase in the number of confirmed cases and rising reported deaths are affecting the businesses operating in this region.

The overall Europe business plan software market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Europe business plan software market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe business plan software market. The Business Plan Shop Ltd.; Palo Alto Software, Inc.; and PlanGuru, LLC are a few of the players operating in the market in this region.