Enterprise Performance Management Software - Croatia

The Enterprise Performance Management Software market in Croatia is expected to generate a projected revenue of US$2.43m in 2024.
This market is also expected to experience a steady annual growth rate (CAGR 2024-2029) of 4.12%, resulting in a market volume of US$2.97m by 2029.
Moreover, the average Spend per Employee in the Enterprise Performance Management Software market is projected to reach US$1.40 in 2024.
When comparing global markets, it is worth noting that United States is expected to generate the highest revenue, reaching a staggering US$2.87bn in 2024.
Croatia's growing adoption of Enterprise Performance Management Software reflects the country's commitment to enhancing financial planning and analysis capabilities for businesses.

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 Croatia has been steadily growing in recent years.

Customer preferences: Croatian businesses have shown a growing interest in Enterprise Performance Management (EPM) software to help them manage their financial performance. This is due to the need for more efficient and streamlined financial processes, as well as the desire for more accurate and timely reporting.

Trends in the market: One trend that has emerged in the Croatian market is the increasing adoption of cloud-based EPM solutions. This is due to the many benefits that cloud-based solutions offer, such as lower costs, greater flexibility, and easier scalability. Additionally, there has been a growing focus on data analytics and business intelligence, with businesses looking to gain more insights into their financial performance and make more data-driven decisions.

Local special circumstances: One factor that has contributed to the growth of the EPM market in Croatia is the country's membership in the European Union. This has led to increased investment and economic growth, which has in turn created more opportunities for businesses to expand and grow. Additionally, the country's location at the crossroads of Central and Southeast Europe has made it an attractive destination for foreign investors, further fueling economic growth and driving demand for EPM software.

Underlying macroeconomic factors: The Croatian economy has been growing steadily in recent years, with GDP increasing and unemployment decreasing. This has created a more stable and favorable business environment, which has encouraged businesses to invest in new technologies and solutions to improve their operations and financial performance. Additionally, the country's strategic location and membership in the EU have helped to attract foreign investment, further boosting economic growth and driving demand for EPM software.

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.