Enterprise Performance Management Software - Argentina

In 2024, the projected revenue for the Enterprise Performance Management Software market in Argentina is estimated to be US$6.84m.
Looking ahead, it is expected that the market will experience a steady annual growth rate (CAGR 2024-2029) of 2.62%, resulting in a market volume of US$7.79m by 2029.
Furthermore, the average Spend per Employee in the Enterprise Performance Management Software market is also anticipated to reach US$0.31 in 2024.
When compared globally, it is noteworthy that United States is expected to generate the highest revenue, with an estimated value of US$2.87bn in 2024.
This indicates the significant presence and dominance of the United States in the Enterprise Performance Management Software market.
Argentina is experiencing a growing demand for Enterprise Performance Management Software, as companies seek to improve their financial planning and analysis capabilities.

Definition:

The Enterprise Performance Management Software market covers software solutions that help organizations to manage and improve their performance across various areas, such as finance, operations, and strategy. These solutions typically include features for financial planning and analysis, budgeting, forecasting, and consolidation. These are primarily focused on providing insights and strategic guidance to help organizations make informed decisions and achieve their long-term goals.

Products in the Enterprise Performance Management Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Enterprise Performance Management Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).

Key players in this market include Oracle. SAP, Anaplan, IBM, and Workday.

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Performance management software, such as PerformYard, Engagedly, Leapsome, BambooHR, SAP SuccessFactors, Paylocity, and Workday
Financial planning and budgeting, such as SAP, Workday, and Centage (Budget Maestro)
Strategic planning and modeling, such as Workday Adaptive Planning, Jedox, and Host Analytics

Administrative software, such as ADP, Gusto, Workday, and SAP
Office software, such as Microsoft, Google, and Zoho
Collaboration software, such as Google, Slack, and Zoom

The Enterprise Performance Management Software market in Argentina has been showing steady growth in recent years.

Customer preferences: Argentinian customers have been showing a preference for cloud-based Enterprise Performance Management (EPM) solutions. This is due to the flexibility and scalability that cloud-based solutions offer, as well as the lower upfront costs compared to on-premise solutions. Additionally, customers in Argentina have been focusing on solutions that can integrate with other business applications, such as customer relationship management (CRM) and enterprise resource planning (ERP) systems.

Trends in the market: One of the main trends in the Enterprise Performance Management Software market in Argentina is the increasing adoption of cloud-based solutions. This trend is expected to continue in the coming years, as more companies in Argentina look to modernize their IT infrastructure and take advantage of the benefits that cloud-based solutions offer. Another trend in the market is the growing importance of data analytics and business intelligence capabilities within EPM solutions. Companies in Argentina are looking for solutions that can provide them with real-time insights into their business performance, which can help them make more informed decisions.

Local special circumstances: Argentina has a unique business environment, which has had an impact on the Enterprise Performance Management Software market in the country. One of the main challenges for companies in Argentina is the high level of economic and political volatility. This has led to a focus on cost-cutting and efficiency, which has driven demand for EPM solutions that can help companies optimize their operations and reduce costs. Additionally, the local tax laws in Argentina are complex and constantly changing, which has created a need for EPM solutions that can help companies manage their tax compliance obligations.

Underlying macroeconomic factors: The Enterprise Performance Management Software market in Argentina is being driven by a number of underlying macroeconomic factors. One of the main drivers is the increasing adoption of digital technologies across all industries in Argentina. This has created a need for EPM solutions that can help companies manage their digital transformation initiatives. Another driver is the growing importance of data-driven decision-making within companies. As more companies in Argentina look to leverage data analytics to drive business performance, the demand for EPM solutions that can provide real-time insights is expected to increase. Finally, the increasing competition within the Argentinian business landscape is driving companies to seek out EPM solutions that can help them gain a competitive edge.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

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