Enterprise Performance Management Software - D-A-CH

The Enterprise Performance Management Software market in D-A-CH is expected to see a significant increase in revenue, with projections indicating that it will reach US$326.80m by 2024.
Furthermore, it is anticipated that the market will continue to grow at an annual growth rate of 2.87% (CAGR 2024-2029), resulting in a market volume of US$376.50m by 2029.
When it comes to the average Spend per Employee in the Enterprise Performance Management Software market, it is projected to reach US$5.88 by 2024.
This metric provides valuable insight into the financial investment made by companies in this sector.
In terms of global comparison, United States is expected to generate the highest revenue in the Enterprise Performance Management Software market, with a staggering US$2.87bn projected for 2024.
This highlights the dominance of the US market in this particular industry.
Germany is at the forefront of implementing advanced Enterprise Performance Management Software solutions to enhance financial decision-making and drive business performance.

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 D-A-CH has been experiencing steady growth in recent years, driven by a number of factors including increasing demand for data-driven decision making, the rise of cloud-based solutions, and the need for better financial planning and analysis.

Customer preferences: Customers in D-A-CH are increasingly looking for solutions that can help them make better use of their data and drive more informed decision making. This has led to a growing demand for Enterprise Performance Management Software that can provide real-time insights into key business metrics, enable scenario planning and forecasting, and help optimize financial performance. Additionally, many customers are looking for cloud-based solutions that can provide greater flexibility and scalability, as well as lower total cost of ownership.

Trends in the market: One major trend in the Enterprise Performance Management Software market in D-A-CH is the increasing adoption of cloud-based solutions. Cloud-based EPM software offers a number of benefits over traditional on-premise solutions, including greater scalability, lower upfront costs, and easier maintenance and upgrades. Additionally, cloud-based solutions can provide greater flexibility and accessibility, allowing users to access data and insights from anywhere, at any time.Another trend in the market is the growing importance of data visualization and analytics. As businesses generate more and more data, it is becoming increasingly important to be able to analyze and visualize that data in meaningful ways. EPM software that can provide powerful analytics and visualization capabilities is becoming increasingly popular among customers in D-A-CH, as it can help them gain deeper insights into their business performance and make more informed decisions.

Local special circumstances: One unique aspect of the Enterprise Performance Management Software market in D-A-CH is the strong focus on compliance and regulation. The region has some of the strictest data privacy laws in the world, which has led to a heightened focus on security and data protection among customers. Additionally, the region has a strong tradition of financial management and planning, which has made EPM software particularly popular among finance professionals.

Underlying macroeconomic factors: The Enterprise Performance Management Software market in D-A-CH is being driven by a number of underlying macroeconomic factors, including the overall strength of the region's economy, the increasing importance of data-driven decision making, and the need for better financial planning and analysis. Additionally, the growing popularity of cloud-based solutions is being driven by broader trends in the technology industry, as businesses of all sizes look to take advantage of the flexibility and scalability of cloud computing.

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.