Enterprise Performance Management Software - Egypt

The projected revenue for the Enterprise Performance Management Software market in Egypt is estimated to reach US$2.68m by 2024.
It is expected to experience an annual growth rate (CAGR 2024-2029) of 8.88%, resulting in a market volume of US$4.10m by 2029.
Furthermore, the average Spend per Employee in the Enterprise Performance Management Software market is projected to reach US$0.08 by 2024.
In comparison to other countries, United States is anticipated to generate the highest revenue, amounting to US$2.87bn in 2024.
Egyptian businesses are increasingly turning to Enterprise Performance Management software to optimize their financial planning and analysis processes.

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 Egypt has been experiencing steady growth in recent years.

Customer preferences: Egyptian businesses are increasingly turning to Enterprise Performance Management Software to streamline their operations and increase efficiency. This is due in part to the growing recognition of the importance of data-driven decision making, as well as the need to stay competitive in an increasingly globalized economy.

Trends in the market: One of the key trends in the Enterprise Performance Management Software market in Egypt is the growing demand for cloud-based solutions. This is driven by a number of factors, including the increasing availability of high-speed internet and the growing recognition of the benefits of cloud-based software, such as lower costs and greater flexibility.Another trend in the market is the increasing focus on business intelligence and analytics. As businesses in Egypt become more data-driven, there is a growing need for software that can help them make sense of the vast amounts of data they are collecting. This has led to a growing demand for software that can provide advanced analytics and reporting capabilities.

Local special circumstances: One of the key challenges facing the Enterprise Performance Management Software market in Egypt is the relatively low level of technology adoption among small and medium-sized businesses. While larger companies have been quick to adopt new technologies, many smaller businesses are still reliant on manual processes and legacy systems. This has created a significant opportunity for software vendors to target this underserved market.

Underlying macroeconomic factors: The growth of the Enterprise Performance Management Software market in Egypt is being driven by a number of underlying macroeconomic factors. These include the country's large and growing population, its strategic location at the crossroads of Africa, Europe, and Asia, and its relatively low labor costs compared to other countries in the region. Additionally, the government's ongoing efforts to modernize the country's infrastructure and promote economic growth are helping to create a favorable environment for businesses to invest in new technologies.

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.

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