Enterprise Performance Management Software - Brazil

The Enterprise Performance Management Software market in Brazil is projected to reach a revenue of US$77.10m in 2024.
The market is expected to show an annual growth rate (CAGR 2024-2029) of 5.73%, resulting in a market volume of US$101.90m by 2029.
In Brazil, the average Spend per Employee in the Enterprise Performance Management Software market is projected to reach US$0.70 in 2024.
In global comparison, United States is expected to generate the highest revenue, amounting to US$2.87bn in 2024.
Brazil's growing economy and increasing focus on data-driven decision-making have led to a surge in demand for Enterprise Performance Management Software.

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.

For more information on the displayed data, use the info button right next to the boxes.

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 Brazil has been steadily growing in recent years.

Customer preferences: Brazilian companies are increasingly looking for software solutions that can help them improve their financial performance. Enterprise Performance Management Software (EPM) is becoming a popular choice for companies looking to streamline their financial planning, budgeting, and forecasting processes. EPM software allows companies to analyze financial data in real-time, enabling them to make informed decisions about their business operations.

Trends in the market: One of the key trends in the EPM software market in Brazil is the increasing adoption of cloud-based solutions. Cloud-based EPM software solutions offer companies a number of benefits, including lower costs, greater flexibility, and easier scalability. As such, many Brazilian companies are now looking to move away from traditional on-premise EPM solutions and towards cloud-based alternatives.Another trend in the market is the increasing focus on data analytics. Brazilian companies are increasingly looking for EPM software solutions that can help them analyze large volumes of financial data and provide insights into their business operations. As such, many EPM software vendors are now offering advanced analytics capabilities, such as predictive analytics and machine learning.

Local special circumstances: Brazil is the largest economy in Latin America and has a large number of companies operating in a wide range of industries. As such, there is a significant demand for EPM software solutions in the country. However, the Brazilian market is also highly competitive, with a large number of local and international vendors competing for market share.

Underlying macroeconomic factors: Brazil has experienced a period of economic uncertainty in recent years, with the country facing a number of challenges, including political instability and high levels of inflation. However, the Brazilian economy has shown signs of recovery in recent years, with GDP growth of 1.1% in 2019. This economic recovery has helped to drive demand for EPM software solutions, as companies look to improve their financial performance and take advantage of new growth opportunities.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.