France faces a challenging period ahead and is responding to uncertainty with modernization and digital transformation. (AdobeStock) France faces a challenging period ahead and is responding to uncertainty with modernization and digital transformation. By Jean Roland-Brisard, VP Solution Consulting, Infor France faces a challenging period ahead. Economic growth is poised to slow , falling below the modest 1% mark previously recorded in 2023 and 2024 while unemployment rates shoot up. Inflation is expected to return, and growing geopolitical instability will drive down the confidence of investors and consumers alike. However, French businesses are responding in a counterintuitive manner. Rather than retrench and wait out the storm, enterprises are doubling down on their digital transformation initiatives. Currently estimated to total $40 billion, the digital transformation market in France is forecast to grow at a compound annual growth rate of 18% to reach $91 in just five years. Responding to Uncertainty with Modernization There are several reasons why French businesses are accelerating their digital transformation programs. Regulation is one, with businesses needing to evolve to meet emerging standards and rules around energy transition, traceability, and labeling. More broadly, enterprises are looking to digital transformation to provide the agility and responsiveness they […]
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