Key regions: China, Germany, United States, United Kingdom, Canada
The Enterprise Performance Management Software market in Central & Western Europe has been experiencing steady growth in recent years.
Customer preferences: Customers in Central & Western Europe are increasingly looking for software solutions that can help them streamline their financial planning and budgeting processes. They are also looking for solutions that can help them analyze their financial data more efficiently and accurately, and provide them with insights that can help them make better business decisions.
Trends in the market: One of the key trends in the Enterprise Performance Management Software market in Central & Western Europe is the increasing adoption of cloud-based solutions. This trend is being driven by the greater flexibility and scalability offered by cloud-based solutions, as well as the lower costs associated with deploying and maintaining these solutions. Another trend in the market is the growing demand for mobile solutions that can be accessed from anywhere, at any time.
Local special circumstances: One of the key factors driving the growth of the Enterprise Performance Management Software market in Central & Western Europe is the increasing complexity of financial regulations and reporting requirements in the region. This has led many companies to look for software solutions that can help them stay compliant with these regulations, while also providing them with greater visibility into their financial performance.
Underlying macroeconomic factors: The growth of the Enterprise Performance Management Software market in Central & Western Europe is also being driven by the overall growth of the European economy. As the region continues to recover from the financial crisis of 2008, many companies are investing in new technology solutions that can help them improve their financial performance and stay competitive in an increasingly globalized marketplace. Additionally, the increasing importance of data analytics and business intelligence is driving demand for software solutions that can help companies make sense of their financial data and turn it into actionable insights.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
