Enterprise Performance Management Software - Burundi

The Enterprise Performance Management Software market is expected to witness impressive growth in the coming years.
By 2024, the projected revenue in this market is estimated to reach US$100.40k.
This growth is likely to continue at a steady pace, with an annual growth rate (CAGR 2024-2029) of 10.64%.
By 2029, the market volume is projected to reach US$166.50k.
When it comes to the average Spend per Employee in the Enterprise Performance Management Software market, it is anticipated to reach US$0.02 by 2024.
This indicates that companies are willing to invest in this software to enhance their performance and productivity.
In a global comparison, United States is expected to generate the highest revenue in the Enterprise Performance Management Software market, with an estimated revenue of US$2.87bn in 2024.
This reflects the country's strong presence and dominance in this market segment.
in Burundi, a country in East Africa, is also part of this growing market.
As the demand for Enterprise Performance Management Software market continues to rise, in Burundi has the opportunity to leverage this technology to improve its business operations and drive growth in various sectors.
Burundi is experiencing a growing demand for Enterprise Performance Management Software as businesses strive to enhance their financial planning and optimize operational efficiencies.

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 Burundi has been steadily growing in recent years.

Customer preferences: Burundian companies are increasingly recognizing the importance of Enterprise Performance Management (EPM) software in streamlining their operations and improving their overall performance. This is due to the software's ability to automate financial processes, provide real-time data analysis, and facilitate better decision-making.

Trends in the market: One trend in the Burundian EPM software market is the increasing adoption of cloud-based solutions. Cloud-based EPM software offers several advantages, including lower upfront costs, easier scalability, and improved accessibility. Additionally, there is a growing demand for mobile-compatible EPM software, as more Burundian companies are embracing remote work and need to access critical financial data on the go.

Local special circumstances: Burundi is a small, landlocked country in East Africa with a relatively small economy. As a result, many Burundian companies have limited resources and are looking for cost-effective solutions to improve their operations. This has led to a growing demand for affordable EPM software that is tailored to the needs of small and medium-sized enterprises (SMEs).

Underlying macroeconomic factors: Burundi has experienced political instability and economic challenges in recent years, which has made it difficult for companies to operate and grow. However, the government has implemented several measures to improve the business environment, including simplifying the process of starting a business and reducing the time and cost of obtaining permits. Additionally, Burundi has a young and growing population, which presents opportunities for businesses to tap into a large and increasingly tech-savvy market.

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.